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Fortune
Fortune
Allie Garfinkle

Exclusive: MaC VC raises $150 million for its third fund in four years

(Credit: MaC VC)

“I used to hear Will Smith say 'I’ll die on a treadmill,'" Mike Palank tells me.

It’s striking for two reasons. First, any time Will Smith comes up, my Miami-born brain is hard-wired to remember. The second is far more relevant: Palank, a former talent agent who’d worked at the Men In Black star’s Overbrook Entertainment, is articulating a view that’s clearly shared by his MaC Venture Capital cofounders, Marlon Nichols and Adrian Fenty. Case in point: Fenty—who served as mayor of Washington, D.C. from 2007 to 2011—described his approach to deal flow with fervor. He’s not sure any VC worth their weight in LP money "ever relaxes."

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