Limited partners including Cisco Investments and Shell have helped McRock Fund II achieve a $60.9m close, putting it 80% of the way to its target.

Canada-based venture capital firm McRock Capital’s second fund has reached a C$80m ($60.9m) initial close backed by limited partners (LPs) including networking technology provider Cisco and oil and gas provider Shell. McRock Fund II is targeting a C$100m final close and its LPs also include Business Development Bank of Canada’s BDC Capital vehicle, Alberta Enterprise…

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