NEA- and Greylock-backed Northern Light Venture Capital has held a final close on $350 million for its second fund, less than two years after closing its $125 million debut vehicle.
The San Francisco venture firm has closed what it says is the largest-ever ‘crossover’ fund, a tech-focussed vehicle that is both a hedge fund and a venture fund.
Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.
The Nordic buyout firm has raised a later stage venture technology fund a week after it closed a real estate fund specially set up to acquire Nordic hotels.
Fundraisers with solid track record in Asia may no longer need to go to the US for an extensive roadshow if the recent support by two Canadian pension plans for newly established FountainVest was illustrative.
German firm Ventizz Capital Partners has raised its latest mid-market technology buyout fund 50 percent oversubscribed. The fund was more than triple the size of the firm’s previous effort.
The Swiss firm is extending its approach into larger growth capital deals and has recruited two heavyweights to lead the charge.
The Chicago-based firm and media intellectual property investors Eric Ellenbogen and John Engelman will invest $200 million to acquire, manage and exploit entertainment copyrights.
The alternative investment firm raised the vehicle in just two months, co-founder Howard Marks told PEO.
The spin-out from 3i is profiting from investor appetite for mid-market deals as the credit crunch hits large buyouts.