New York-based Asymmetric Capital Partners has reportedly closed a $137 million second fund, surpassing its original target. The firm’s philosophy emphasizes capital efficiency and founder outcomes, contrasting with industry trends toward larger funding rounds.
Defying Industry Trends with Focused Fundraising
Asymmetric Capital Partners has successfully raised a $137 million second fund, exceeding its $125 million target according to reports from Fortune. This achievement comes during a challenging period for venture capital firms, particularly those established during the 2021 funding boom. Sources indicate that only approximately 8% of first-time VC funds from 2021 have managed to raise larger second funds, making Asymmetric’s accomplishment particularly notable.