Salesforce said Tuesday it has agreed to buy customer engagement platform Braze for about $5.66 billion including debt.

Braze, which was founded in 2011 and went public a decade later, is a longtime competitor of Salesforce’s Marketing Cloud product, which businesses use to communicate with ...

These days, raising a new venture fund can seem like an uphill battle. First-time managers are competing with much bigger funds that can lure founders with rich valuations—as well as track records that can wow limited partners.

But what if you had unfettered access to some sage advice from a seasoned investor and executive? 

That’s the case for Ayesha Arora-Hughes, the daughter of Palo Alto Networks CEO Nikesh Arora. Ayesha is raising her own VC fund, Permanent Partners Collective Fund I, according to a securities filing and people with knowledge of the matter—and she counts Nikesh as an adviser to the firm, one of the people said.