U.S.-based technology investment firm Luminate Capital Partners has closed $425 million for its second fund, Luminate Capital Partners II, LP.

The investment came from a diversified investor base of leading endowments, foundations, public and corporate pensions, asset management firms and family offices.

U.S.-based investment firm Moelis & Company LLC served as placement agent and Kirkland & Ellis LLP provided legal counsel for Luminate on the deal.

In 2017, Luminate raised more than $265 million for its oversubscribed inaugural fund.