ARCH raising $250 mln for new venture fund


ARCH Venture Partners is raising an eighth venture fund with a smaller target of $250 million, according to a filing with the Securities and Exchange Commission. The filing for ARCH Venture Fund VIII lists six managing directors: Keith Crandell, Robert Nelsen, Clinton Bybee, Mark McDonnell, Kristina Burow and Paul Thurk. Managing Director Steven Gillis is not listed.

The fund has not had a first close.

ARCH last raised its $400 million seed fund, ARCH Venture Fund VII, in 2007, according to Thomson Reuters (peHUB publisher).

The filing can be found here.

Fundraising? Then you don’t want to miss EMERGING MANAGER CONNECT in NYC on Jan. 24. This event is packed with 100+ LPs managing more than $45 billion devoted to emerging managers combined. Details are here: http://bit.ly/2ed5fcM

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