Capital for the fund got here from its trio of companions, excessive internet value people, household places of work and institutional buyers, stated Lechuga. As soon as the entire capital is raised, the fund plans to spend money on 12 to fifteen corporations with a mean verify measurement of $1 million to $1.5 million. Half of the fund capital will go towards follow-on investments within the unique batch of portfolio corporations, in line with Lechuga.
