Fundraising

Building a firm, not just raising a fund

Sunil Dhaliwal, founder of Amplify Partners, chats with Winter Mead from Sapphire ventures about lessons learned from launching a fund.

Dashboard: Deals and M&A exits emerge from slow summer

U.S. fundraising in September dips to lowest monthly amount in a year.

Spanish born, but internationally focused

Nauta Capital’s latest business software fund will maintain the firm’s focus on the U.K. and U.S. and Spanish markets.

Wellington Financial closes Fund V at $300 mln hard-cap target

Canadian specialty finance firm Wellington Financial has closed Wellington Financial Fund V, reaching its hard-cap target of $300 million of re-circulating equity commitments. As reported by PE Hub Canada, the firm secured $285 million, or nearly all of Fund V's target, in an initial close held in October. The largest innovation-focused private debt fund raised to date by Wellington, it was backed by Canadian institutional investors and family offices, the majority of which were repeat limited partners. Fund V will continue to provide term, venture and amortizing loans to North American and U.K.-based companies, most of them technology-focused, with deals ranging from $2 million to $40 million in size.

Sequoia, back in fundraising mode, to raise a fifth Indian fund

Sequoia Capital is back in fundraising mode. The firm has kicked off fundraising for a new India fund, its fifth, according to a filing with the SEC.

Alberta Enterprise secures $50 mln to back Alberta VC, tech sectors

Canadian fund-of-funds manager Alberta Enterprise Corp (AEC) has obtained $50 million from the provincial government. The commitment, which will be deployed in two tranches over the next two years, will be used to support venture capital investment in Alberta-based startup and early-stage technology companies. Founded in 2008, AEC previously committed $100 million to eight venture funds and the Accelerate Fund LP. By partnering with other investor groups, it estimates that every $1 committed by AEC leverages about $4 of investments into Alberta companies. AEC is led by President and CEO Kristina Williams.

BDC, Real Ventures partner in launch of Hacking Health Accelerator

Canadian venture capital firms BDC Capital and Real Ventures are partnering with Hacking Health and MaRS Discovery District to launch the Hacking Health Accelerator, a digital health innovation platform. The platform will support entrepreneurs and startups focused on the digital transformation of the health, fitness and wellness sectors. For startups, it will provide up to $200,000 in funding along with mentoring and other resources and services to help accelerate commercialization initiatives. Other partners include Anges Québec, Cossette, Agile MV, Fasken Martineau, GCI Canada, MMA Group and several angel investors.

USVP raises over $281 mln for 11th fund

According to an SEC filing, U.S. Venture Partners has raised over $281 million for its 11th fund. In 2008, the Menlo Park, California-based venture firm, which invests mostly in information technology and healthcare, raised $625 million for its 10th fund, as previously reported by PE HUB.

Fundraising recap from around the world Oct 28, 2015

Los Angeles-based firm, named after the local freeways, on way to $20 million fund; while Octopus in Europe raises $140 million.

FinTech-focused Green Visor Capital targets $200 mln for second fund

Green Visor Capital is seeking to raise $200 million for its second fund, according to an SEC filing. Headquartered in San Francisco, the venture firm concentrates on the financial tech sector.