VC investor Ryan Moore has closed on $78.5m for Revenant Ventures' debut fund, a regulatory filing shows. The fund will focus on acquiring stakes in venture capital funds, continuing Moore's established track record in the secondaries space. DraftKings, a notable seed investor in Revenant Ventures, has been linked to the fund's early development.

The fundraising effort signals continued strong appetite among institutional capital allocators for private equity secondaries opportunities. Revenant Ventures aims to deploy the capital across a diversified portfolio of VC fund interests and co-investment rights, targeting mid-to-late stage venture-backed companies. The debut fund launch adds to the growing roster of secondaries vehicles entering the market as LP demand for liquidity solutions remains robust.

Regulatory disclosures confirm the $78.5m target, positioning the fund within the mid-market secondaries segment. The venture represents Moore's latest platform for sourcing and executing secondary transactions in the competitive VC ecosystem.