Sherpa Ventures, the “vague by design” investment group founded by Shervin Pishevar and Scott Stanford, has made its first close on a planned $150 million fund. As reported by Fortune, the first $87 million of its raise has come in, with investors including TPG Capital. Pishevar declined to comment on the raise, citing SEC restrictions, but we’re likely to see more from the team soon. The entire round is expected to close sometime over the coming months.
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