Growth Investing

Investors in the new funds include California Public Employees' Retirement System, New Mexico State Investment Council, Alaska Permanent Fund and the Fire and Police Pension Association of Colorado

Luo, who specializes in enterprise software and fintech, joined the firm in 2018 and was made a principal in 2021.

Bicycle Capital has raised $440mn for its debut fund, anchored by Mubadala Investment Company and Claure Group – the family office of Bicycle's founder, Marcelo Claure, former COO of Softbank Group.

Despite reports that say the late-stage and growth segments of the venture industry face a tough road ahead, M33 Growth found strong demand for its third fund, which beat its target.

The €1bn fund is 43% bigger than its predecessor and will continue the firm's strategy of backing European growth-stage software and consumer internet companies.

B Capital Group invests in the enterprise, financial technology and healthcare sectors.

Linse Capital, founded by former Kleiner Perkins partner Michael Linse, has raised $700m in fresh capital. About $563m of the total will go to Linse Capital Fund I, which will invest in a 'select handful of new companies per year, investing between $100m and $400m in each business over time.'

One Peak, a growth investor targeting B2B software companies in Europe and Israel, has closed its third fund at its hard cap of $1bn.

The New York- and San Francisco-based firm raised $194.5m for its fourth flagship fund and another $153m for follow-on investments in its best-performing portfolio companies. 645 co-founders Aaron Holiday and Nnamdi Okike explain their strategy and share insights about the firm's value-added services.