Private Equity
Munich-based Acton Capital Partners hit its target and held a final close of $200 million on Heureka II Growth Fund. Anchor investors include the European Investment Fund, Hubert Burda Media, KfW Banking Group, UniCredit Bank and family offices. The firm held a $110 million first close on the growth equity fund in January 2014. Acton focuses on growth companies in consumer Internet, such as online marketplaces, e-commerce, e-services, digital media and software as a service.
1 min read · 28 October 2015
Investissement Quebec is investing $10 million in XPNDCROISSANCE Fund bringing the pool’s total capitalization to $37 million. XPNDCROISSANCE will invest in Quebec-based businesses in sectors such as sustainable transportation, innovative industries, technologies, media and entertainment.
2 min read · 26 October 2015
Investissement Québec (IQ) has committed $10 million to the XPNDCroissance Fund, the second fund of Canadian growth equity firm XPND Capital. The commitment brings the fund's total capitalization to $37 million. XPNDCroissance Fund, which is ear-marked for investments in Québec-based companies that operate in sustainable transportation, innovative industries, technologies, and media and entertainment, is expected to reach $70 million by the end of 2015. Montréal-based XPND is led by Managing Partner Alexandre Taillefer. The firm's prior investments include Lumenpulse Inc (TSX: LMP), an LED lighting solutions provider that went public last year.
3 min read · 26 October 2015
Venture capital activity in Europe mirrored that of the United States in the third quarter.
1 min read · 26 October 2015
Sequoia Capital is raising new U.S. and global growth funds, according to filings with the SEC.
1 min read · 23 October 2015
Index Ventures has raised a new life fund of $116.9 million, according to a filing with the SEC.
1 min read · 22 October 2015
The San Francisco Employees’ Retirement System’s private equity portfolio netted a 17.77 percent return for the fiscal year ending on June 30, surpassing its benchmark by 5 percentage points, according to an annual investment report released on October 14.
1 min read · 22 October 2015
The Upside Foundation of Canada, a Toronto-based charity launched in 2013 by a group of entrepreneurs, investors and other professionals, has devised a plan for encouraging Canada’s high-growth companies to share their good fortune with others. A clue to the strategy is in the organization’s name.
3 min read · 22 October 2015
Seed 2 Growth Ventures, a food and agriculture venture fund, has launched with $125 million in funding. The fund will focus on "healthy, sustainable and local food." So far S2G Ventures has invested in a number of companies that include ShopWell, a digital platform for personalized food recommendations; Maple Hill Creamery, a maker of yogurt and other diary products from organic milk; and Shenandoah Growers, a fresh herbs brand.
3 min read · 21 October 2015
The Dementia Discovery Fund, which focuses on developing new dementia treatments, has raised $100 million. DDF's backers include UK Government’s Department of Health, Alzheimer’s Research UK, Biogen, GlaxoSmithKline, Johnson & Johnson, Eli Lilly, Pfizer and Takeda. SV Life Sciences is managing the fund.
7 min read · 21 October 2015
