Australia’s Adventure Capital targets $100m VC fund
Australian VC firm Adventure Capital is targeting around $100 million for its debut vehicle. It has already received $20 million in commitments from high net worth individuals – having signed up its first cornerstone investor in late 2010 – and is now approaching institutional players.
Fundraising efforts will focus on international LPs as much as domestic investors, given the Australian superannuation funds' weakening appetite for venture capital. "A lot of them have a sour taste...
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