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FUNDRAISING NEWS | October 31, 2024
Tags: Private Equity, Venture Capital
New York-based early-stage fund BBG Ventures has now crossed $130M in total AUM with the closing of its second fund, which captured $60M in commitments from new and existing investors.
The fund will invest in high-potential companies with diverse or female founding members, on a “Polycultural America” model criteria based on its proprietary research conducted with online survey platform Centiment.
New partners included Fairview, Pivotal Ventures, California Endowment, Mizuho Financial Group, and I-Bank of California, while returning partners were led by the State of Michigan Retirement Services, Illumen Capital, and the George Kaiser Family Foundation. Fund I investors Bank of America, Global Endowment Management, Gingerbread Capital, Nordstrom, and Verizon likewise reaffirmed support by investing in the new fund.
Written By: Dakota
December 03, 2024
October 23, 2024
December 17, 2024
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