Managers

FACIT launches fund to advance Ontario cancer discoveries

Fight Against Cancer Innovation Trust (FACIT) has launched the Prospects Oncology Fund, a pre-seed evergreen fund intended to support oncology discoveries in Ontario. Managed by FACIT, the fund will provide up to $200,000 to help technologies attract seed-stage investment. Opportunities will be sourced within Ontario research institutions and startups. FACIT, established by the Ontario Institute for Cancer Research to commercialize oncology innovations, said the fund will address a capital gap "commonly associated with early-stage research and translational discoveries."

The Entrepreneurs' Fund collects $27.4 mln for fourth fund

The Entrepreneurs' Fund has raised $27.4 million for its fourth venture fund, according to an SEC filing. The target is $100 million. The Silicon Valley-based, early-stage venture firm is focused on cloud-based B2B software.

OPB grows assets to $24.4 bln in 2016, shifts to private markets

Ontario Pension Board (OPB) reported an annual investment return of 8.1 percent in 2016. This provided the pension fund manager with net investment income of $1.75 billion and net assets of $24.4 billion at year's end. OPB, which administers Ontario's Public Service Pension Plan, said it continued to shift assets from public to private markets in 2016, increasing its gross exposure by about $831.6 million. The private equity portfolio saw the largest increase: 68.5 percent.

Project A co-founder looking at early-stage Berlin and beyond

Lightspeed, Hummer Winblad, NEA see windfall from MuleSoft IPO

Source Code Capital targets $260 mln for third fund

Source Code Capital is seeking to raise $260 million for its third fund, according to an SEC filing. The China-based venture firm focuses on tech startups.

CircleUp files to raise $100 mln

CircleUp, which operates an investment platform to invest in consumer brands, is seeking to raise $100 million, according to a regulatory filing. CircleUp Growth Partners has yet to make a sale. San Francisco-based CircleUp is backed by Union Square Ventures, Canaan Partners, Collaborative Fund, QED Investors, Maveron, GV and others.

Fund performance: JMI tops late-decade growth equity portfolio

Midwest venture firm Mutual Capital collects $15.8 mln for third fund

Westlake, Ohio-based venture firm Mutual Capital Partners has raised $15.8 million for its third fund, according to an SEC filing. The target is $50 million.

Foundation's Adit Singh joins Kittu Kolluri at NeoTribe Ventures