Bracket raises $450m for later-stage tech fund

Los Angeles-based Bracket Capital announced the close of its oversubscribed second fund, Bracket Capital Fund II, plus a larger asset raise for co-investment vehicles.

The fund’s hard cap of $150 million was hit, while another $300 million was committed to be deployed in co-investment vehicles alongside Fund II for a total asset raise of $450 million.

Bracket’s initial fund launched in 2017 and invested approximately $200 million. Notable investments included: Space X, Airbnb, Clover Health, Palantir, Coinbase, SoFi, eToro, Reddit, Impossible Foods, Bird Clutter and Hive AI.

“As . . .

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