The Nasdaq’s newest Series B fund, the Robert Hood Fund, is being funded by a group of banks.
The investment firm is seeking to raise $100 million in new funding through a combination of private equity and debt.
The fund has raised around $4.5 billion from its first two Series B funds.
The first of the funds was created to back the Nasdaq ETF, which has since launched its own ETF.
The second fund is a small-cap fund, with the aim of getting a small investment into the top ten stocks in the S&P 500, according to the firm.
The Nascent fund will be called the Roberthood Fund and is being developed by Capital One Capital, a small private equity firm.
