University College London hopes to generate as much as $126m for its second Technology Fund, with British Business Bank thought to be among potential limited partners.
University College London (UCL) is aiming to raise between £75m and £100m ($95m and $126m) for a second UCL Technology Fund, Business Insider reported on Tuesday.
Like its predecessor, the vehicle will be co-managed by UCL’s tech transfer office, UCL Business (UCLB), and AlbionVC, the venturing arm of investment firm Albion Capital.
The fund’s limited partners have not been named yet, however they are thought to include corporates, financial institutions, sovereign wealth fund and private investors.
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