March Capital Partners Seeks $300M In Two New Funds

Santa Monica-based March Capital Partners, the local venture capital investment fund led by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, is looking to raise a total of $300M in two new funds, according to regulatory filings from the firm released today. Those filings indicate March is looking to raise $150M in its second fund, March Capital Partners II, L.P. as well as another $150M in March Capital Opportunity Fund II, L.P.. No committments to the funds were reported in those regulatory filings, yet. March's new funds come as Southern California has had a banner year in new venture capital funds, as the region and its investors have seen huge interest in tapping into the entrepreneurial environment in Southern California. March, along with its investments in Southern California, also has had many successful exits in Silicon Valley and elsewhere.