Hollywood talent agency CAA forming VC fund

February 9, 2013, 12:53 AM UTC

FORTUNE — Hollywood talent agency Creative Artists Agency (CAA) is raising up to $20 million for a new venture capital fund, according to an SEC filing.

The document is signed by Michael Rubel, managing partner and general counsel of CAA. No additional details were disclosed.

A firm spokeswoman declined to comment, likely due to regulatory restrictions against solicitation of an active offering.

If CAA is indeed raising outside capital for a venture capital fund, this wouldn’t be the first time it has tried to do so. Back in 2007, CAA teamed up with Draper Fisher Jurvetson to raise between $150 million and $200 million for early-stage investments. But the effort failed to gain traction, and ultimately was scrapped.

Rival talent agency William Morris raised its own VC fund at around the same time, in partnership with Accel Partners and Redpoint Ventures. But the venture later collapsed, largely due to ownership and management changes at William Morris.

CAA also is a co-sponsor of Star Avenue Capital, a consumer growth equity vehicle that it formed alongside buyout firm Irving Place Capital.

Sign up for my daily email newsletter on deals and deal-makers: GetTermSheet.com