Deals
Betsy Cohen’s FTAC Ventures Eyes $300 Million for Debut Fund
- Fund will be dedicated to making bets on financial technology
- The first close is targeted for the first quarter of next year
Source: Betsy Cohen
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FTAC Ventures, an investment firm co-led by financial-services veteran Betsy Z. Cohen, is in discussions to raise a debut fund dedicated to financial-technology bets, according to people with knowledge of the matter.
The company has begun meeting with prospective investors as it seeks to raise $300 million for a fund ahead of a targeted first close during the first quarter of 2022, said one of the people, who requested anonymity because the talks are private. A final close is expected later next year.