Fundraising

7Wire Ventures garners $24.2 mln for initial fund

7Wire Ventures has raised over $24.2 million for its debut fund, according to an SEC filing. The target was not specified in the document. Based in Chicago, the venture firm focuses on healthcare technology.

Bridge Ventures rolls out $25 mln real estate fund

Bridges Ventures has launched a $25 million real estate fund Bridges UrbanView. The fund will focus on real estate projects projects "that can deliver superior risk-adjusted financial returns alongside measurable social and environmental impact." According to the firm, the fund has made its first undisclosed investment: an Atlanta-based mixed-income residential development.

VCs set 16-year record by raising more than $40 bln in 2016

Fonds de solidarité FTQ reports 7.5 pct return, $12.2 bln in assets

The Fonds de solidarité FTQ has reported a six-month return of 4.0 percent and a 12-month return of 7.5 percent for the period ending November 30, 2016. Comprehensive income for the six-month period totaled $470 million, increasing net assets to $12.2 billion. The Fonds, which makes private equity and venture capital investments in Québec companies, also said it deployed $287 million to deals during this period. Its recent deals include an $8 million investment in District M and a role in Sterinova Inc's $70 million financing.

York Plains, Aphria commit to Green Acre Capital's cannabis fund

Toronto private investment firm Green Acre Capital has unveiled its Green Acre Capital Fund, which will invest in Canada's legal cannabis industry. The fund, the size of which was not disclosed, has secured lead commitments from York Plains Investment Corp and Aphria Inc (TSX-V: APH). Led by Managing Directors Matt Shalhoub and Tyler Stuart, Green Acre will target private investment opportunities across verticals in the Canadian medical and recreational cannabis industry. It will also consider additional opportunities abroad.

Cendana targets second direct investment fund at $31.5 mln

Cendana Capital has set out to raise a second direct investment fund, according to a filing with the SEC.

PivotNorth raises third seed fund at $35 mln: Update

PivotNorth Capital has raised a third seed fund, the firm announced on Twitter.

Growth Street Partners targets $60 mln for maiden fund

Growth Street Partners is seeking to raise $60 million for its debut fund, according to an SEC filing. The venture firm focuses on vertical SaaS and technology-enabled services companies especially in underserved markets in the U.S.

Stanford grads launch GoAhead, $55 mln fund focused on the school's startups

Hatteras raises over $150 mln for fifth venture fund

Hatteras Venture Partners has closed its fifth venture fund at over $150 million. Hatteras makes seed and early-stage investments in the human medicine life sciences.