Private Equity
Distributions jumped in the past year
3 min read · 07 October 2015
Octopus Ventures is launching a $140 million fund. Octopus Zenith Opportunities II LP will focus on backing later-stage European startups. Bluetower Associates LLP served as advisor to Octopus on the fund.
3 min read · 05 October 2015
Trident Capital is seeking to raise $200 million for a new growth fund, according to an SEC filing. As previously reported by PE HUB, the venture firm recently revealed in an SEC filing that it was launching a cybersecurity fund, also with a $200 million target. Based in Palo Alto, California, Trident invests in software, IT security, internet and mobility, health IT and business services.
1 min read · 02 October 2015
Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary in August, provides term, venture and amortizing loans to Canadian and U.S.-based companies, the bulk of which are in technology sectors. The firm also announced the hire of Ash Vaidya as a partner in its Silicon Valley office. Wellington President and CEO Mark McQueen was recently interviewed by PE Hub Canada.
3 min read · 02 October 2015
Los Angeles-based seed-stage investor TenOneTen has raised $13.18 million of a targeted $20 million fund, according to a regulatory filing. The firm, named after the 10 and 110 freeways in Los Angeles, had initially set out to raise $25 million when it began raising the fund last year, according to a previous regulatory filing.
1 min read · 30 September 2015
Top 10 funds include Union Square, Spark, Emergence, Foundry, ARCH & OrbiMed, based on VCJ research
2 min read · 30 September 2015
Healthcare specialist sets $950 mln target for Fund VI; OrbiMed’s $735 mln 2013 vintage fund a top performer for CalSTRS
2 min read · 30 September 2015
The Fonds de solidarité FTQ, a Canadian private equity and venture capital firm, recently completed its annual general meeting at which the majority of the members of its board of directors were elected for the first time. Lyne Bouchard, Gérard Coulombe and Jean-Claude Scraire have joined the board as independent members, without any affiliation with the Fonds or its labour sponsors. Fonds Chairman Robert Parizeau said the event was the "last big step" in the implementation of the Fonds' new governance. The Montréal-based firm, which manages net assets of $11.1 billion, has 610,605 shareholders.
4 min read · 29 September 2015
Qualcomm Inc will be launching a fund that will invest up to $150 million in India startups. Qualcomm Ventures will advise and direct Qualcomm on all these investments.
3 min read · 29 September 2015
Accelerator Corp has closed its oversubscribed fourth fund at $62.8 million. The limited partners of Accelerator IV include AbbVie, WuXi PharmaTech, Watson Fund, Alexandria Venture Investments, ARCH Venture Partners, Eli Lilly and Company, Johnson & Johnson Innovation – JJDC Inc, Pfizer Venture Investments and WRF Capital. The pool will focus on early-stage life science investments. In addition to the fund, Accelerator has named Dr. James P. Sullivan, Dr. Tadataka Yamada and Peter Cheney to its board of directors.
6 min read · 29 September 2015
