Pear, the venture firm formerly known as Pejman Mar Ventures, has secured New York Life Insurance as a limited partner for its $75m second fund.

Insurance provider New York Life Insurance is among the limited partners in the $75m second fund recently launched by US-based venture capital firm Pear, TechCrunch reported yesterday.

Pear revealed the fund at the same time as it rebranded itself from its former name, Pejman Mar Ventures. The fund’s other LPs include asset manager TrueBridge Capital Partners and University of Chicago, which also contributed to the Pejman Mar’s $50m first fund, which closed in March 2015.

Founded in 2013, Pear provides…