Growth-stage healthcare investor Questa Capital Management managed to nearly hit its ambitious target for its third fund despite a tough fundraising environment.
The new rules are softer than the original proposal, but they still impose rigid disclosures on exempt advisers.
The firm, which closed on $38.5m for its sophomore fund last year, plans to begin raising its third fund soon.
Dedicated tech funds brought in $33bn in the first half, down 43% from a year earlier, while fund closings, totaling 84, dropped 53%.
At a recent event focused on 'the future of venture secondaries,' GPs and LPs shared the reasons they are so keen about the space.
Assembly Ventures, an early-stage firm focused on mobility technologies, has closed its debut fund at $76 million with support from a lengthy list of corporate backers.
'It is not doom and gloom, but I don't see a roaring comeback either,' says Ewen.
StepStone Group is in the fundraising market with its latest venture capital secondaries flagship, as competition grows from new entrants.
The woman-led VC, which is focused on companies developing products for 'Zillennials,' plans to begin raising its second fund as early as this fall, founder and managing director May Li told Venture Capital Journal.
Ben Fried, who served as chief information officer for Google from 2008 until last year, has joined early-stage firm Rally Ventures as a venture partner.