Private Equity
The Fonds de solidarité FTQ has reported comprehensive income totaling $992 million for the year ended May 31, 2015, which resulted in an annual return of 9.8 percent. Net assets managed by the Montréal-based private equity and venture capital firm have also reached a new high of $11.1 billion. During the past twelve months, the Fonds de solidarité FTQ said it deployed a total of $640 million in development capital to companies in Québec. Its recent investments include ATIS Group, Colo-D, Frima and Montreal Gateway Terminals.
3 min read · 06 July 2015
McRock Capital, an investor in the industrial Internet, is preparing to wrap up its debut fund after securing a commitment from one of the world’s largest electric utilities. The Toronto-based firm announced today that McRock iNFund LP received an undisclosed investment from France’s EDF, its second strategic backer. As a result, Fund I moved closer to reaching its goal of $65 million of committed capital.
3 min read · 06 July 2015
Allegis Capital has closed on an initial $100 million of capital for a sixth fund that it says will focus exclusively on cyber-security investing. The venture firm said its target for the fund is $150 million.
1 min read · 01 July 2015
Foundry Group is seeking to raise $225 million for its latest venture fund, according to an SEC filing. In October 2013, the Boulder, Colorado-based venture firm closed its fourth fund at $225 million, as previously reported by PE HUB.
1 min read · 30 June 2015
Benhamou Global Ventures raised $72 million for its second fund. BGV II focuses on making seed and early-stage investments in several enterprise IT sectors that include cyber security, cloud-based services and applications, web scale infrastructure and business analytics.
3 min read · 30 June 2015
Formation 8, the venture-capital firm known for backing virtual-reality company Oculus VR, has filed to raise a $400 million fund for late-stage investments in Asia, highlighting the growing appeal of the region for private-company investors, Reuters News reported.
2 min read · 26 June 2015
In case you missed it, here's a summary of recent SEC filings for various venture funds, including Foundation, Obvious and Revolution, among others.
2 min read · 25 June 2015
While deal value in May climbed thanks to Uber and Snapchat, fundraising, M&A and IPOs declined in proceeds
2 min read · 24 June 2015
CrossCut Ventures has raised a $75 million third fund, according to a blog post. The firm is focused on seed investing in the Los Angeles area.
1 min read · 24 June 2015
San Francisco-based Blockchain Capital (formerly known as Crypto Currency Partners) has raised $7 million for its second venture fund. The focus is on bitcoin and blockchain-enabled tech companies. Alson, the firm has appointed Alison Davis as chair of its advisory board.
2 min read · 24 June 2015
