4 months after closing its largest fund thus far, Kapor Capital needs extra. The agency is below new management after co-founders Freada and Mitch Kapor stepped again from the outfit, which focuses on funding social affect ventures and founders of coloration. Now, led by Uriridiakoghene “Ulili” Onovakpuri and Brian Dixon, Kapor Capital is hoping to lift a $50 million alternative fund, based on an SEC submitting.

The chance fund, if closed, would proceed Kapor Capital’s new technique of taking capital from exterior traders. Up till final yr, all of Kapor’s funds have been instantly from the founding companions; in September, although, the agency closed a $126 million Fund 3 backed by traders together with Cambridge Associates, Align Influence, Ford Basis, Financial institution of America, PayPal and Twilio.

On the time, Dixon informed TechCrunch that turning to exterior traders helps the agency with entry; Kapor is now writing checks between $250,000 and $3 million with a main give attention to collaborating in pre-seed and seed rounds. Onovakpuri mentioned the bigger fund would permit them to put money into extra firms with larger checks.

That mentioned, with presumably a contemporary chunk of capital to deploy, why would Kapor be eyeing a possibility fund? It’s a trend-turned-standard amongst early-stage enterprise capital companies that need to get in on later rounds of their star portfolio firms. Final yr, Khosla debuted its a possibility fund and final week, Cowboy raised its first of the sort as nicely.

Kapor Capital didn’t instantly return a request for remark.