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. www.peninsulaequity.com