The venture firm appears to have downsized its second fund, which has secured Bertelsmann as an anchor investor, to $136m.
US-based venture capital firm University Ventures has raised $136m for its second fund, in which media group Bertelsmann is the anchor investor, according to a regulatory filing on Saturday.
Previous filings show University Ventures obtained $175m out of a targeted $350m for its second fund in 2013, before increasing the amount to $188m in April 2014. It is not yet clear why the amount raised and the target have been reduced to $136m.
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