Private Equity
Canadian venture capital firm Quark Venture and GF Securities Co Ltd, a Chinese investment bank, have launched a US$500 million health sciences fund. The fund, which held an initial close of US$100 million, will invest in global biotechnology and health sciences companies. Karimah Es Sabar, recently named Quark's CEO and partner, said it will focus on building a portfolio of "game-changing innovations in drug development, medical devices, health IT and emerging convergent technologies." Quark earlier this month led the US$30 million financing of Vancouver's MSI Methylation Sciences Inc.
3 min read · 17 October 2016
Canadian venture firm Quark Venture Inc has teamed up with China-based investment bank GF Securities Company Limited to launch a $500 million venture fund. Based in Vancouver, British Columbia, the fund will focus on global biotech and health sciences companies.
3 min read · 17 October 2016
Sinovation Ventures has raised over $302 million for its third fund, according to an SEC filing. The San Francisco-based early-stage venture firm focuses on Chinese and U.S. tech startups.
1 min read · 17 October 2016
Portag3 Ventures, a new Canadian venture capital fund focused on deal-making in the financial technology (fintech) industry, has closed at an undisclosed amount. The fund is an exclusive corporate partnership of financial affiliates of Montréal-based Power Corp (TSX: POW), including Power Financial Corp, IGM Financial Inc and Great-West Lifeco Inc. Adam Felesky, co-founder and former CEO of Horizons Exchange Traded Funds, has been appointed president of Portag3, and Paul Desmarais III, a vice-president of Power Corp, will serve as executive chairman. Portag3 will target investments in early-stage fintech opportunities in Canada.
3 min read · 17 October 2016
Sofinnova Ventures has closed a $650 million 10th fund with an increase in capital and a goal to invest in more companies.
1 min read · 17 October 2016
1 min read · 17 October 2016
4 min read · 17 October 2016
Redpoint Ventures has raised $180 million for its ACE Redpoint Ventures China I fund, according to a filing with the SEC.
1 min read · 13 October 2016
Greylock Partners announced in a blog post that it has raised $1 billion for its 15th early-stage fund. The firm, which has backed the recently exited Apptio, Pure Storage, Quip and TellApart, raised virtually the same amount for its previous fund in 2013. U.S.-based venture funds have raised more than $33 billion in commitments through the first three quarters of the year, according to Thomson Reuters and Greylock's is the seventh venture fund to close at $1 billion or more in 2016, according to Thomson Reuters.
1 min read · 11 October 2016
2 min read · 10 October 2016
