Fundraising

Fund performance: Longitude, Canaan, IVP lead strong mid-life venture portfolio for Los Angeles LP

Kensington, Siemens to partner in energy innovation projects

Kensington Capital Partners and the Canadian affiliate of German manufacturing and electronics company Siemens have agreed to partner in commercializing clean technology energy solutions in Canada. The partnership will focus on projects in a wide variety of areas, including energy storage, transmission and distribution, combined heat and power plants, power generation, smart grid, micro grid and biomass. Kensington and Siemens said their collaboration will also include pursuit of infrastructure projects. Toronto-based Kensington is an alternative assets firm with $1.1 billion under management.

Funds in registration: NEA and a bunch of other investors seeking more than $8 bln

Secondary funds raise record $14 bln in first quarter

Private equity secondaries funds attracted a record amount of capital in the first quarter with six funds raising $14 billion, according to Preqin.

Origin Ventures raises $80 mln fourth fund

Origin Ventures said it has raised an $80 million fourth fund, double the size of its previous fund.

VCs and the new wave of disruption

Accolade raises $235 mln for sixth fund

Washington, DC-based Accolade Partners, a growth equity and venture firm, has closed its oversubscribed sixth fund at $235 million. Accolade VI's investors include endowments, foundations and families. The fund will focus on technology and healthcare.

Chris Sacca to give up venture investing

Chris Sacca, whose bets on Twitter and Uber brought him wide attention in venture circles, said he is giving up investing and his role on ABC’s Shark Tank.

VC-backed Hootsuite launches $5 mln app development fund

Canadian social media management company Hootsuite has unveiled the Hootsuite Integration Fund, a $5 million fund to support developers building enterprise integrations and applications for the Hootsuite platform. Development initiatives enabled by the fund and a partner portal will add to the company's ecosystem, which consists of hundreds of applications in its App Directory, and over 2.5 million app installs. Vancouver-based Hootsuite is backed by several investors, including Accel Partners, Insight Venture Partners and OMERS Ventures.

Hootsuit launches $5 mln fund

Vancouver, British Columbia-based Hootsuite, a social media management platform, has unveiled a $5 million integration fund. The pool will back developers building integrations and business applications for the Hootsuite platform.