Less than a year after launching a new growth-stage venture capital fund for high net worth investors, New York City-based RIA GoalVest Advisory revealed its first close of that fund, allowing the investment process to launch.
GoalVest Venture Growth Fund II is tarobtaining a $50m raise for deployment across various sectors, particularly artificial innotifyigence (AI) and fintech-focapplyd firms. With the initial close, which reeled in $10m, GoalVest will continue raising capital and filling the remaining slots available for investors on Fund II over the next six to 12 months.
Blair Cohen, managing partner of GoalVest Venture Capital, which runs the fund, informed Citywire that Fund II’s slots are roughly 60% full upon this first close. While Fund II has not officially deployed any capital, Cohen declared the expectation is the first deal will be completed before the finish of the month.
Leave a Reply