Managers

True Ventures to raise $175 mln select fund

True Ventures says it plans to raise a $175 million select fund, according to an SEC filing. The fund - True Ventures Select 1 - would be the firm's first select fund, No first close has taken place, the document states. True portfolio company Fitbit last week unveiled its plans to conduct an IPO.

SherpaVentures targets $175 mln for second fund

According to an SEC filing, San Francisco-based SherpaVentures is seeking to raise $175 million for its second fund. As previously reported by peHUB, the firm raised $154 million for its debut fund.

Actual reasons to get excited about virtual reality

Renata Quintini of Felicis Ventures and others are seeing VR companies beyond gaming applications

Bubble-era funds make small gains in Pennsylvania portfolio--VCJ fund performance report

LLR, Perseus-Soros lead Pennsylvania pension portfolio dominated by smaller funds.

FreshBooks’ Mark MacLeod turns his talents to startups

Former Real Ventures GP launches startup advisory firm in Toronto

SEC OKs 'tick size' pilot that includes 'trade-at' rule: Reuters

U.S. regulators approved a new study on Wednesday that calls for widening the increments, or "ticks," at which smaller companies' stocks are priced to see if this helps improve market liquidity.

Bernstein, Goldman Sachs' global head of venture capital coverage, is retiring

Stuart Bernstein, Goldman Sachs' global head of the clean technology and renewables and venture capital coverage group, is retiring, according to internal memos viewed by peHUB.

MaRS, SDTC partner to help build $50 bln clean-tech industry

MaRS Discovery District and Sustainable Development Technology Canada (SDTC) have agreed to partner in an initiative to launch and grow Canadian clean technology and energy innovation startups. The initiative, which will draw on SDTC’s funding and support activity and MaRS' skills development programs, aims to connect companies with global opportunities, share market information, and highlight the work of leading startups. SDTC Vice President David Harris Kolada said the MaRS-SDTC collaboration is intended to advance the goal of creating a $50 billion Canadian clean technology industry by 2022.

Ontario government to establish $20 mln health technology fund

The Ontario government plans to establish a new fund to support emerging health technologies in the province. The Health Technology Innovation Evaluation Fund will be capitalized at $20 million to support pre-market evaluations and early adoption of innovations in specific care settings and across the health sector. Last month, the provincial government announced it would commit $25 million to Scale Up Ventures Fund, an Ontario early-stage venture capital fund.

Matrix Capital leads $195 mln round for Adaptive Biotechnologies

Seattle-based Adaptive Biotechnologies, a provider of immunosequencing diagnostics, has raised $195 million in funding, the company announced in a statement.