Lawrence Aragon

AI mania appears to have driven investors to pour another $26 million into Sound Ventures AI Fund, boosting the total to $265.8 million, according to a new regulatory filing.

The seed investor focuses on start-ups located in Utah and other Mountain states.

Innovation Endeavors, an early-stage tech investor co-founded by Google's former chief executive, has closed on $600m for its fifth and largest fund to date.

LPs in Fund III include institutional investors, family investment holding companies and entrepreneurs.

A new survey from Goldman Sachs Asset Management found that 48 percent of LPs plan to increase their allocations to secondaries.

'Our focus and competitive advantage in this region has resulted in several exits with 10 times growth and exceeding $100m,' says founder and managing partner Nathaniel Harding.

Industry Ventures' 10th venture capital secondaries fund closed on $1.45bn, making it 70% larger than the firm's previous effort.

The recent IPOs for Arm, Instacart, Klaviyo and Neumora Therapeutics have investors eager to see more unicorns follow suit and end the distribution dry spell.

Korea Venture Investment Corporation is among at least 94 investors in the AI-focused firm's debut fund, which closed on $140m.

During Musicco's brief tenure, CalPERS substantially boosted its investment in venture capital funds as part of a larger effort by the CIO to grow private market exposure.