Firms that successfully closed on new funds share lessons from the fundraising trail and their outlook for next year.
Climate tech funds have completed some of the largest fundraises this year, in spite of capital constraints that have reduced allocations to more generalist venture funds.
The fund is targeting $150m to back direct secondary opportunities in European growth-stage companies.
The women-led firm has raised $57.2m for its fourth fund, whose investors include Mizuho Americas.
Led by partners Edward Kliphuis and Simon Turner, Sofinnova Digital Medicine I targets enabling technologies, analytics and treatment.
Cris Neckar was one of the original members of Google's Chrome security team, and KC Cramer was previously VP of people at Flare.
'We’re going to see [LPs] asking investors to be more patient, to not call capital, to extend the life of that fund and really slowly deploy capital until we see start seeing more returns,' says Jackie Spencer of SVB.
Giraldo is a former partner at Deetken Impact Alternative Finance, an impact investing fund.
The new $150m fund 'sees a unique opportunity for value creation and return potential among founders who have been historically underrepresented and overlooked,' the firm says.
The firm raised $180m and has already made two investments, says founding partner Eric Elalouf.