Private Equity
Anges Québec Capital Fund, a fund established in 2012 to invest alongside members of Anges Québec, has been recapitalized. New capital commitments to the fund, totaling $85 million, include $65 million from Anges Québec partners, including the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and the Québec government. To date, the fund and Anges Québec, a network of 165 private investors, have invested in 44 early-stage innovative companies in Québec. François Gilbert, president and CEO of Anges Québec, said the new money will facilitate investments in more than 55 companies.
3 min read · 03 February 2015
Korea's Doosan Heavy Industries & Construction Co Ltd and France's Michelin Group have committed to the latest fund of Emerald Technology Ventures. The amounts committed were not disclosed. Doosan and Michelin join a number of existing corporate investors, including Ecolab Inc, SK Group Inc and Suncor Energy Inc, all of which made fund commitments last June. Emerald, which has offices in Toronto and Zurich, Switzerland, invests in companies in the areas of energy, water, advanced materials and industrial information technology. The firm's 2014 deals include its investment in Canadian mapping service platform GeoDigital International Inc.
3 min read · 03 February 2015
JPMorgan Direct leads New Jersey Division of Investment VC portfolio, according to recent investment portfolio reports.
2 min read · 03 February 2015
The last several years have seen a push by corporations in America and elsewhere to get involved in venture investing. According to a new study, more than 40 percent have IRRs of 10 percent or greater on their portfolios.
2 min read · 03 February 2015
Ecommerce giant Alibaba has formed an HK$1 billion ($129 million) foundation to back young Hong Kong-based entrepreneurs. According to the company, the profits generated from these venture investments will be returned to the foundation for re-investment. The venture investment program is expected to launch in the second half of this year.
3 min read · 02 February 2015
New York City-based OrbiMed has closed its second healthcare royalties and credit opportunities fund at $924 million.
1 min read · 02 February 2015
A new study by Global Corporate Venturing says that corporate VC returns coming in higher than you think, with two in five IRRs reportedly 10 percent or above
2 min read · 02 February 2015
The company, backed by Sofinnova and T. Rowe Price among others, raised $161 million in its IPO
1 min read · 01 February 2015
The Lucas Venture Group-backed med tech company raised $65 million in its IPO
2 min read · 01 February 2015
The drug developer, backed by NEA, Jafco and others, raised $36 million in its IPO
1 min read · 01 February 2015
