US-based talent agency Creative Artists Agency (CAA) is reportedly raising up to $20m for a corporate venturing fund, according to a regulatory filing seen by news provider Fortune.
In 2007, CAA teamed up with venture capital firm Draper Fisher Jurvetson but failed to raise between $150m and $200m for early-stage investments, Fortune added.
CAA is also a co-sponsor of Star Avenue Capital, a consumer growth equity vehicle that it formed alongside buyout firm Irving Place Capital.