GRP Targets $250M In New Fund, GRP IV

Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., according to a regulatory filing from the firm this week. According to the filing, the fund is being managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, and has just started fundraising efforts. GRP last closed on a fund--GRP III, L.P.--in 2009. GRP's investments include TrueCar, GOGII,, GumGum, among others.