More than 20 firms with diverse management teams are coming to market each year, says private markets firm RCP Advisors.
The degree to which non-US sponsors would be impacted by the changes depends on whether they are registered with the SEC.
A new report shows debut funds rebounding after taking a big hit in 2020, but first-time funds face a very challenging market.
Founder Magnus Grimeland said regulations are easing in many emerging markets, making it simpler for founders to start businesses.
Entrepreneurial talent is undeniably diverse, but opportunity is not, and VCs are falling back on familiar patterns that overlook underserved communities.
-80x80.jpg "Dissecting the SEC’s case against Alumni Ventures")
The SEC said Alumni ran afoul of the advertising rule by promising that its management fees were the 'industry standard 2-and-20.'
The growth fund, called Ignite, will invest in both existing portfolio companies and new opportunities.
The firm repaid $4.7m to affected funds and agreed to pay a $700,000 penalty, the SEC said.
The early stage investor raised $340 million for its second fund, which will continue to invest in gaming and metaverse-related start-ups.
Demand for new funds from Fifth Wall and Taronga Ventures shows proptech continues to gain traction with investors.