News

Vika allegedly told investors it would invest their money into "highly sought-after pre-IPO companies," but the firm's CEO instead spent the investors' money on "private jets, expensive watches and lavish travel," the SEC claims.

'There’s a tremendous amount of pressure to get money invested, which results in managers accepting investments without the standard governance practices you’d like to see,' says Alaska Permanent CIO Marcus Frampton.

One Peak, a growth investor targeting B2B software companies in Europe and Israel, has closed its third fund at its hard cap of $1bn.

Super{set}, which is raising its second fund, has poached an executive away from Salesforce to bolster its start-up studio. Jon Suarez-Davis, formerly senior vice-president of marketing strategy and innovation at Salesforce, has joined the San Francisco firm as chief commercial officer.

Partech, a tech-focused venture firm based in Paris, announced it has closed its fourth seed fund on its hard-cap of €120m.

Braven, an early-stage investor, is led by William Abecassis, founder and former head of BlackRock's Innovation Capital venture group.

Institutional investors are pulling back from venture funds and spending more time managing their private equity portfolios through secondary sales, a new Probitas Partners survey says.

The New York- and San Francisco-based firm raised $194.5m for its fourth flagship fund and another $153m for follow-on investments in its best-performing portfolio companies. 645 co-founders Aaron Holiday and Nnamdi Okike explain their strategy and share insights about the firm's value-added services.

As part of the commitment, AFF plans to build a frontier technology venture studio, called Roadrunner Studios, in Albuquerque.

The Swedish firm has invested in 15 companies – two of which have had exits – that are led by women or immigrants or are located outside the Stockholm area.