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Capital Midwest Fund has raised nearly $30 million from 32 investors for a third venture capital fund, according to a document filed with federal securities regulators.

The Wauwatosa firm is trying to raise as much as $150 million, the filing said. The document was signed by Daniel Einhorn, a principal of the firm. Other principals are Stephen Einhorn, who is Daniel's father, and Alvin Vitangcol.