Peninsula Raising 2nd Fund

Peninsula Equity Partners has closed on approximately $57 million for its $150 million-targeted second fund, according to a regulatory filing. Limited partners include Procific, while Cazenave & Co. is serving as placement agent. The Menlo Park, Calif.-based firm's first fund focused on both IT and life sciences opportunities, but VentureWire reports that Fund II will drop the life sciences piece, save for managing existing portfolio companies.