Key Takeaways
- • Dig, a UK venture capital firm, closed its oversubscribed Fund III after just five months of fundraising, according to PEI Private Equity.
- • Returning limited partners including Sofina, Granite Asia and Hillman Family Foundations backed the fund alongside new LP Horsley Bridge Partners.
- • The fund targets infrastructure built around foundation models, positioning Dig in the AI infrastructure segment of technology venture investing.
Summary
Dig, a UK-based firm, has closed its Fund III after only five months of fundraising, a timeline that PEI Private Equity reports as evidence of strong demand from investors. The fund was oversubscribed, indicating that commitments exceeded the target size, though the primary source does not disclose the final fund size or hard-cap figures.
The close was supported by returning limited partners, including Sofina, Granite Asia and Hillman Family Foundations, which continue to back the manager across fund cycles. Horsley Bridge Partners joins the investor base as a new LP, adding a further institutional commitment to the vehicle.
The strategy centers on infrastructure built around foundation models, reflecting the continued allocation of venture capital toward artificial intelligence. The article is categorized under venture capital, technology, endowments, family offices and emerging managers, underscoring the mix of institutional and private investors in the raise.
The primary source is a brief fundraising report, and further detail on the fund's investment mandate, target size and portfolio plans is not available in the reviewed material.
The close was supported by returning limited partners, including Sofina, Granite Asia and Hillman Family Foundations, which continue to back the manager across fund cycles. Horsley Bridge Partners joins the investor base as a new LP, adding a further institutional commitment to the vehicle.
The strategy centers on infrastructure built around foundation models, reflecting the continued allocation of venture capital toward artificial intelligence. The article is categorized under venture capital, technology, endowments, family offices and emerging managers, underscoring the mix of institutional and private investors in the raise.
The primary source is a brief fundraising report, and further detail on the fund's investment mandate, target size and portfolio plans is not available in the reviewed material.
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