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Abrdn VC fund pulls in USD90.7m to date

Abrdn’s latest venture capital fund of funds has attracted USD90.7 million to date in capital commitments according to a report by CityWire.

A regulatory filing with the Securities and Exchange Commission reveals that the fund is targeting USD250 million in total, while a Chicago Teachers’ Pension Fund (CTPF) board meeting document from 17 February details a USD15 million commitment. The fund has previously committed USD25 million to AVP XI in 2019 and 2021, plus an additional USD25 million to AVP XII. 

CityWire quotes the CTPF documents as saying that the fund seeks to ‘create a concentrated portfolio of early-stage, tech-focused life sciences and blockchain-focused managers’. 

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