FTVentures, the San Francisco and New York venture capital firm that invests in companies serving the financial industry, has finished raising $512 million in new funds, falling short of its initial goal of $600 million.
We mentioned the fund would probably fall short here. The firm did not mention the reasons for its shortfall.
As mentioned, investors in the new fund so far include Liberty Mutual and RHM Pension Trust.
Partners include Brad Bernstein, Eric Byunn, Ben Cukier, Richard Garman, Jim Hale, David Haynes, Bob Huret, Derek Lemke-von Ammon and Chris Winship.
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