The Menlo Park, Calif.-based firm has already raised $43 million for Integral Capital Partners Absolute Return Fund, according to the filing.
The vehicle was formerly called Proteus Capital, according to the filing. Proteus Capital was managed by Chris Nawn from 2003 to 2007. Nawn joined Integral in 2007 and once managed a $100 million hedge fund for
Integral’s target for the hedge fund is twice the size of the firm’s target for fund VIII, which aimed to raise $50 million. As of May 2007, the firm had only raised $14.4 million toward that goal from such investors as Roger McNamee and Radar Horizons.
The firm has not filed any other documents with the Securities and Exchange Commission to suggest it has finished fund-raising that fund. —Alexander Haislip