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US pensions back fund seeking $1.2bn to buy stakes in VC managersCollective Global says it plans to invest in 15-20 venture managers in the US and Europe and has already agreed to acquire a stake in a "leading venture firm that invests in market-defining companies across technology and artificial intelligence."
Zeal adds MD as it seeks sophomore fundZeal Capital Partners, which is raising its second fund, hires Stefanie Thomas of Impact America Fund as a managing director.
Zeal Capital adds NEA healthcare specialist as it raises Fund IIZeal Capital Partners, which is in the market raising its second fund, has hired Emily Zhen as a principal to spearhead a new health equity investing mandate.
RH Capital finds close ties between impact and financial returnsThe firm, which closed on $38.5m for its sophomore fund last year, plans to begin raising its third fund soon.
Denmark's Novo Nordisk to acquire venture-backed Inversago PharmaInversago is a Montreal-based developer of CB1 receptor-based therapies for the potential treatment of obesity, diabetes and other serious metabolic disorders.
DOWNLOAD: Woes continue for fundraisers in H1Venture funds worldwide raised a combined $58.1bn in the first half of 2023, down from about $100bn in the first half of last year, according to exclusive Venture Capital Journal research.
NEA taps Hawkins as venture partnerHe will be based at the VC firm's Menlo Park, California office.
European ecommerce platform DJUST grabs 12m euros Series ANEA led the round with participation from Elaia Partners.
GV promotes Bulik-Sullivan, Huang, Dame and Rozen to GPsThe new GPs are based in Cambridge, Massachusetts, New York and San Francisco.
NEA promotes Lay, Pappas and Huang to partnerThe new partners focus on the consumer tech, digital health and enterprise sectors.