Claremont Creek Ventures is reportedly looking to match the $175m it raised for its second vehicle as it targets a new fundraise later this year.
The California-based firm is planning to build on successes such as the exit of portfolio company ecoATM by raising the new vehicle according to VentureWire, which spoke to managing director Randy Hawks.
Claremont was last in the fundraising market in October 2008, when it closed Claremont Creek Ventures II to bring its capital under management to more than $300m.
The firm targets early-stage investments in IT start-ups in the areas of healthcare, security and mobility.
It raised its $130m debut vehicle in 2005.
In April Claremont re-upped its investment in solar financing marketplace Clean Power Finance by taking part in a $37m growth equity round.
Edison International and Hennessey Capital led the round with participation from Google Ventures and Kleiner Perkins Caufield & Byers.
Copyright © 2013 AltAssets