Unnamed endowments have helped High Alpha launch its second enterprise software-focused fund and affiliated startup studio.

US-based VC firm and startup studio High Alpha raised approximately $102m from investors including unspecified university endowments on Monday for its second enterprise software-focused fund and an associated incubator program.

News publication VentureBeat confirmed university endowments had featured in High Alpha’s funding round without identifying which ones.

The capital includes $85m from unnamed investors to close the High Alpha Capital II fund, in addition to $16.7m for the High Alpha Studio II program from VC firms Emergence Capital and Foundry…