Private Equity
Late-stage funds are thin on the ground in Europe, but a flurry of recent exits from Acton Capital Partners should encourage other firms to look beyond Series A
3 min read · 23 November 2015
Formation 8's Hardware Fund, which was renamed Eclipse Ventures Fund I, has relocated to Palo Alto, the latest move in which the firm's partners are going their separates ways.
2 min read · 20 November 2015
Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Capital de risque, has secured $150 million in its 2015 fundraising year. A total of 51,700 Québec taxpayers bought shares this time, 24 percent of which were first-time buyers. CRCD, which has net assets of about $1.6 billion, is a partner to 400 companies, co-operatives and funds. They include Courchesne Larose Ltd, a Montréal-based fruit and vegetable distribution network backed by CRCD earlier in November.
2 min read · 20 November 2015
The Fonds de solidarité FTQ said it has invested $640 million over 2014-2015, putting it on track to reach a $1.6 billion target for the period 2014-2017. The Montréal-based private equity and venture capital firm invests directly in companies and commits capital to private funds. It was named the most active private equity deal maker in Canada in the first nine months of 2015 in the third quarter report of the Canadian Venture Capital & Private Equity Association (CVCA). Both the Fonds de solidarité FTQ and Fondaction CSN have applauded the new federal government's commitment to reinstate tax credits for labour-sponsored funds.
3 min read · 20 November 2015
Oversee.net founder Lawrence Ng has launched OnRamp Fund, a $10 million incubator that will back early-stage startups. Among those serving as advisors to OnRamp Fund are: Legalzoom Chairman and co-founder Brian Liu; Jamie Lin, founding partner of Taiwan-based AppWorks; Eytan Elbaz, chairman of Opposing Views and co-creator of Adsense; Scott Jarus, CEO of EV Connect; and Gene Morphis, former CFO of David’s Bridal.
3 min read · 18 November 2015
XPNDCroissance Fund, the second fund of Canadian growth equity firm XPND Capital, has increased its size to $52 million following an investment by the Caisse de dépôt et placement du Québec. The Caisse committed $15 million to the fund, which adds to a $10 million commitment made last month by Investissement Québec. XPNDCroissance Fund plans to invest in Québec companies active in sustainable transportation, innovative industries, and technology, media and entertainment. It is expected to reach $70 million in committed capital by the end of 2015.
3 min read · 18 November 2015
Venture firm Andreessen Horowitz put itself on the map with software investing. Now, it plans to take its software-heavy approach to biology and medicine, with a new $200 million fund for the hybrid sector and a former Stanford professor to run it, Reuters News reported.
2 min read · 18 November 2015
Fundraising recaps from the past month regarding Formation 8, 500 Startups, Partech and other firms from around the world
10 min read · 18 November 2015
4 min read · 18 November 2015
Three investing partners at Formation 8 have filed to raise a new fund, Eight Partners Fund I, according to a filing with the SEC. No target size for the fund was listed.
1 min read · 17 November 2015
