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ISSUE – Jan. 23 | Zynga founder Mark Pincus is raising up to $700 million for an investment fund

Zynga  founder Mark Pincus  is raising up to $700 million for a new investment fund that will focus on publicly traded tech companies in need of strategic restructuring, according to a new report in Axios. It says his new firm is called Reinvent Capital and that Pincus is founding the outfit with hedge fund manager Michael Thompson, who has been steering his own New York-based firm, BHR Capital, for the last nine years. Reinvest’s plans, says Axios, involve investing in up to 15 internet, software and media companies, adding that the firm will be “size agnostic,” working with small, medium and large-cap companies. [ Tech Crunch ]

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