Franklin Park Seeks $150M for Second VC Opportunity Fund

Franklin Park Associates said it is aiming to raise $150M for its latest venture capital fund, Franklin Park Venture Capital Opportunity Fund II.

The metro Philadelphia-based private markets advisory firm noted in a January 3, 2025, filing with the SEC that it has so far secured commitments totaling $80M from two investors since it started sales of the fund on December 20, 2024. For the fund's predecessor, it raised $80M in 2022.

Franklin Park Associates offers access to private equity, private credit, and venture capital investments through fund-of-funds, co-investment vehicles, and advisory accounts. The firm has total AUM of $19.7B, according to the latest Dakota data.