Managers

Dashboard: Fundraising soars in February

IPOs come back from the dead, thanks to four VC-backed biotech companies debuting

HealthQuest Capital closes second fund at $225 mln hard cap

HealthQuest Capital closed its second fund at its $225 million hard cap, exceeding an initial target of $175 million in commitments.

Accel raises $2 bln in new capital

Accel Partners has raised $2 billion in new capital, according to a blog post.

Fund performance: Late vintage venture portfolio generating mixed results for California investor

Funds from Column Group and OrbiMed are off to good starts, while those from Khosla and Cannann aren’t distinguishing themselves from the pack

Sequoia Capital partner departs amid sex abuse allegations: Reuters

A partner at Sequoia Capital has left, the Silicon Valley venture capital firm said on Sunday, days after a lawsuit was filed accusing him of sexually abusing a woman and not honoring an agreement to compensate her.

Data Collective seeks to raise $280 mln for two new funds

Venture capital firm Data Collective, which invests in big data companies, has set out to raise its fourth early-stage fund and its second opportunity fund to back growth-stage companies. Data Collective IV LP and DCVC Opportunity Fund II LP are sized at $155 million and $125 million, respectively. The firm has not yet raised any capital for the funds, according to the filings.

Vanedge leverages strong returns in $104 mln first close of Fund II

Vanedge Capital has held an initial close of its second information technology fund on the strength of several big portfolio wins, including last year’s sales of MediaCore, Metafor and Recon. Vanedge II raised $104 million in committed capital in January, Vanedge Managing Partner Moe Kermani told PE Hub Canada. That puts the fund over half way to meeting its $200 million target.

Navitas Capital targets $52 mln to invest in energy, IT

Navitas Capital, a venture capital firm based in Los Angeles, has set out to raise $50 million for its second venture fund, Navitas Capital II LP, according to a filing with the SEC. The firm is also targeting $2 million for Navitas Capital II SG LP, according to a separate filing. The funds have yet to report a first close.

Intel plans to sell part of venture capital unit: Bloomberg

Intel Corp is looking to sell part of its venture capital portfolio, assets that could be worth as much as $1 billion, Bloomberg reported.

Data spotlight: U.K.-based companies raised nearly €339 mln in February

France leads all European countries, with 28 companies in the country during the month