Managers

Vanedge Capital II wins new commitment from BC Tech Fund

BC Tech Fund has made an undisclosed commitment to Vanedge Capital II, the second information technology fund of Vancouver-based venture capital firm Vanedge Capital. The investment is the second to date for the $100 million BC Tech Fund, which was launched this month under the management of Kensington Capital Partners. Vanedge II, which is targeted to raise $200 million in total, held an initial close of $104 million in January. Vanedge Managing Partner Moe Kermani discussed the fundraising, as well as the firm's recent deals and track record, in a March interview with PE Hub Canada.

Carried-interest defense may need to emphasize subtleties

Closed Loop Ventures targets $50 mln for debut fund

Closed Loop Ventures raised $3.5 million for its initial fund, according to an SEC filing. The target is $50 million.

Centana Growth Partners nabs over $122 mln for debut fund

Centana Growth Partners has raised over $122 million for its inaugural fund, according to an SEC filing. The target is $200 million.

Meritas SRI Funds invests in InvestEco's sustainable food vehicle

Meritas SRI Funds, managed by OceanRock Investments Inc, has made a commitment to the second sustainable food vehicle of Canadian venture capital firm InvestEco Capital Corp. No financial terms were released. InvestEco Sustainable Food Fund II, which will focus on expanding North American companies that promote health and sustainability in the food and agricultural industry, secured a commitment from The Co-operators Group Ltd in July. InvestEco's investments in the sustainable food sector include Toronto-based Mama Earth Organics, an organic food delivery service financed earlier this year.

Carry debate triggers unease

With a change in carried interest taxation looking more certain, VCs begin to contemplate life under new rules

It's OK to invest outside Silicon Valley, including in Pittsburgh

It's OK to invest outside Silicon Valley, including in Pittsburgh

Out of the limelight, venture hubs in the Midwest, Texas and Southeast shine this year

Fitz Gate Ventures seeks to raise $15 mln for initial fund

Fitz Gate Ventures has raised almost $5.94 million for its debut fund, according to an SEC filing. The target is $15 million. Based in Princeton, New Jersey and Houston, the venture firm mostly backs startups founded, managed or owned by Princeton University alumni, faculty or students.