Morgan Creek Pulls In $103M For New Venture Fund

Law360, New York (January 6, 2012, 3:25 PM EST) -- A venture fund controlled by Morgan Creek Capital Management LLC has raised $103 million, the North Carolina investment advisory firm with a focus on wealthy clients said Thursday in a regulatory filing.

The Morgan Creek Partners Venture Access Fund LP will be advised by the Chapel Hill, N.C.-based company's CEO Mark W. Yusko, according to the U.S. Securities and Exchange Commission filing.

Four unnamed investors ponied up at least $5 million each and began buying into the fund in late December, according to the filing....
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