News

Tiger Global, which has roared through the fundraising market for the past 10 years, was only able to muster a meow with its latest fund.

Matter Venture Partners, a new firm started by two Kleiner Perkins vets, has closed on $300m for its debut, or $100m more than planned.

The San Francisco-based firm has closed on $90m for Superset Capital II, which had a target of $100m.

The newly named partner sees lots of opportunity to invest between the foundational model and app layer of the AI stack.

Monarch Collective co-founder Jasmine Robinson says that growing viewership trends, NIL and interest from institutional investors led to the firm’s close on $100m for its debut fund.

CalPERS committed a combined $2.1 billion to 13 growth equity and VC funds in the third quarter of 2023, a new report shows.

B Capital was co-founded by Eduardo Saverin, co-founder of Facebook.

LPs include “senior executives at BlackRock, Cooley, Google, senior healthcare and finance executives and prominent family office groups in the California area,” the firm says.

To boost its private equity allocation from 13 percent to 17 percent, CalPERS plans to invest more heavily in venture capital and growth funds.

Altira Technology Fund VII was seeking to raise $200m and had been fundraising since January 2022.