Palo Alto Networks CEO Advises Daughter on New AI-Focused Venture Capital Fund

What happened: Ayesha Arora-Hughes, daughter of Palo Alto Networks CEO Nikesh Arora, is raising a venture capital fund called Permanent Partners Collective Fund I, per a securities filing and people familiar with the matter. Nikesh Arora is an adviser to the firm, one person said. Why it matters: The fund enters a difficult market for first-time managers, who compete with much larger funds that can attract founders with rich valuations and track records that appeal to limited partners. Key numbers: Fund name is Permanent Partners Collective Fund I.

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