GoalVest Venture Capital, the venture capital arm of GoalVest Advisory LLC, has completed the first close of its GoalVest Venture Growth Fund II, targeting a total raise of $50 million. With participation from approximately 60 limited partners, the initial close reflects strong investor confidence in GoalVest’s disciplined approach to growth-stage investing and its ability to source deals through multiple channels. 

Fund II will focus on mid-to-late-stage venture-backed companies, maintaining the strategy that fueled the success of GoalVest’s inaugural fund. Fund I, launched in April 2022, has achieved a net internal rate of return (IRR) of 40% as of Q2 2025, bolstered by high-profile exits including the recent IPO of AI infrastructure provider CoreWeave. Founder and CEO Sevasti Balafas noted that several other portfolio companies—such as defense technology firm Anduril and consumer brand OLIPOP—are nearing potential exits. 

GoalVest created its growth-stage venture platform in late 2024 as a response to inefficiencies in the traditional VC model that emerged following the hype-driven markets of 2020–2021. “We listened to our LPs and built the fund they asked for—faster distributions, lower fees, and more co-investments,” said Blair Cohen, Managing Partner of GoalVest Venture Capital. “This is how the next wave of venture capital will look.” 

With limited remaining capacity, Fund II will continue raising capital and expects to deploy across select growth-stage opportunities over the coming quarters. Overall, GoalVest Venture Capital now oversees more than $650 million in assets under management.