The hedge fund Light Street Capital Management has started raising $25o million for a venture fund called Light Street Beacon I, and $20 million for a principals fund, according to a pair of regulatory filings. No first close was reported.
The Palo Alto, California-based firm invests in late-stage venture and public technology companies with a focus on social media, cloud computing, ecommerce and sharing economy companies. It was founded in 2010 by Glen Kacher,
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