Acrew Capital, With Presence In LA, Launches Two Funds

Acrew Capital, the venture capital fund which recently added local Los Angeles investor Richard Wolpert as a Venture Partner, said this week that it has launched two new funds. The venture fund said it launched The Long Term View (LTV) Fund, a ~$380MM early stage fund and the Diversify Capital Fund (DCF), a $300MM late stage fund. Acrew Capital is specifically targeting more diverse startups; the fund's leadership is 67% women and/or underrepresented minorities, with over half of its team immigrants or first generatio immigrants. Wolpert, who has been an active LA area ivnestor, recently joined the firm as a Venture Partner, and said he will be bringing both LA and other startups to the firm.