Private Equity
Trident Capital has begun raising a $200 million cybersecurity fund, according to a document filed with the SEC. GSR Ventures also is raising a $150 million fifth fund, an SEC filing states.
1 min read · 03 August 2015
Boulder, Colorado-based venture firm Foundry Group has reached its target goal of $225 million for its latest venture fund, according to an SEC filing. In October 2013, the firm closed its fourth fund at $225 million, as previously reported by PE HUB.
1 min read · 31 July 2015
Canadian venture fundraising reversed two years of decline with growth in the first half of 2015, owing in part to the increased influence of the Venture Capital Action Plan (VCAP). Jeff Pentland, managing director of Northleaf Capital Partners, whose Northleaf Venture Catalyst Fund recently closed at $300 million, said "we’re now beginning to see the impact of all of the VCAP funds coming on stream.”
3 min read · 29 July 2015
Latest data from the first half of 2015 show that the VCAP program, launched in 2013, has bolstered VC supply
3 min read · 29 July 2015
Kensington Venture Fund, a venture fund-of-funds managed by Canadian alternative assets investor Kensington Capital Partners, has increased its total capital committed to $237 million in a third close. The fund added $44 million from its second close last month as a result of new commitments from a mix of institutional investors, family offices and individual investors. At the new level, Kensington Venture Fund is now closing in on its final target of $300 million. Launched last November with the backing of Ottawa's Venture Capital Action Plan (VCAP), the fund has so far completed commitments to seven Canadian venture capital funds and direct investments in four Canadian startups.
3 min read · 29 July 2015
Australian firm Blue Sky Venture Capital holds first close on late-stage fund that it hopes reaches about $23 million.
3 min read · 29 July 2015
Vistara Capital Partners, a newly-formed Canadian growth investor in technology companies, has closed its inaugural fund. Vistara Capital Partners Fund I LP, which secured an initial $80 million earlier this year, raised its target of $100 million in the final close. A total of 45 limited partners, reflecting high net-worth investors, family offices and private charitable foundations, committed capital to the fund. Based in Vancouver, Vistara was founded by Managing Partners Fabio Banducci and Randy Garg. As reported by peHUB Canada in May, the firm plans to offer debt, equity and quasi-equity financing to established companies in North American technology and technology-enabled services sectors.
3 min read · 29 July 2015
Expensify, a provider of expense reporting solutions backed by OpenView Venture Partners, Redpoint Ventures and others, has launched a venture capital unit called Expensify Ventures. The strategic venture outfit will back early-stage companies in fintech, expense management and travel booking. Support for investments is coming from an undisclosed Series C round of funding that the San Francisco-based company raised earlier this year. Expensify Ventures has disclosed its first investment, having backed Piper, a provider of digital receipt solutions.
4 min read · 28 July 2015
Deerfield Management Company LP has raised $550 million for its healthcare innovations venture fund. The limited partners of Deerfield Healthcare Innovations Fund LP include New York-Presbyterian Hospital, Memorial Sloan Kettering, Seattle Children's Hospital, the Robert Wood Johnson Foundation, Princeton University and Northwestern University. The fund will focus on backing "groundbreaking advancements in science that may lead to therapeutic interventions in genetic diseases, cancer, and orphan diseases" as well as healthcare technologies.
3 min read · 28 July 2015
Envision Ventures said Monday it closed a $100 million venture capital evergreen fund formed in partnership with Managing Partner Dan Ahn. Mountain View, California-based Envision will invest in software companies in Big Data, Security and Internet of Things. Investments will range between a few hundred thousand dollars up to $10 million.
2 min read · 27 July 2015
