Controversy has erupted at August Capital, where the firm has put an end to fundraising for its eighth fund, according to a report from Axios.
The firm had closed on about half of the $250 million fund when in December it reversed course and return the commitments, according to the report. Some at the firm were apparently not consulted, Axios said.
According to the report, August General Partner David Hornik said the firm will focus on its existing portfolio and return to fundraising in about a year.
The news report is available here.
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