Private Equity
Venture51 has raised $2.3 million for a new fund called Venture51 Game Fund, according to a regulatory filing. The document doesn't indicate the fund's strategy, but it specifies that it has 25 backers.
1 min read · 13 January 2015
New Enterprise Associates announced in a filing that is has begun raising a $2.5 billion 15th fund, according to the document submitted to the Securities and Exchange Commission. A first close has not yet taken place, the documents states.
1 min read · 13 January 2015
Impact investor Gray Ghost Ventures said it is raising a $60 million third fund that represents a big step up from its $35 million second fund in 2009. The firm expects a first close on about $25 million in March, CEO Arun Gore told PEHub.
1 min read · 12 January 2015
Qualcomm Ventures is planning on launching a joint investment firm with health care firm Novartis Pharmaceuticals. The new company will invest up to $100 million in early-stage firms that offer tech solutions, products or services that “go beyond the pill” to help doctors and patients.
2 min read · 12 January 2015
Boston-based HarbourVest Partners is expected to complete an initial close on a new $300 million Canadian venture fund of funds before the end of January, said sources with knowledge of the matter. If it’s successful, HarbourVest will oversee the fourth VCAP-backed fund formed since January 2014. So far, these funds have raised a combined $672 million, close to $450 million of which comes primarily from corporate and institutional investors that are new or returning to Canada's VC market.
3 min read · 12 January 2015
The Beekman Group LLC has closed its third fund at $230 million. Beekman Investment Partners III LP will invest in lower middle-market services companies with enterprise values ranging from $15 million to $75 million in three focus industry sectors – consumer, healthcare and business services. Beekman’s prior fund collected $100 million in 2012.
3 min read · 09 January 2015
Fountain Healthcare Partners announced the initial close of its second fund €85 million (US$100.7 mln) of committed capital. Fountain Healthcare Partners II LP, a dedicated life science venture capital fund, will focus on specialty pharmaceuticals, biotechnology, medical devices and diagnostics.
3 min read · 09 January 2015
Spruce Capital Partners and Xeraya Capital has raised $150 million in the first close of its MLS Capital Fund II. The fund will focus on biogreentech firms.
4 min read · 07 January 2015
Green D Fund has raised $1.5 million in the initial close of its inaugural fund. Its investor base includes 40 Dartmouth College alums. The Green D Founders Fund will focus on backing new ventures led by Dartmouth alumni. The pool will begin making 12 to 18 investments over the next year and a half. Its second and final close is slated for the end of January.
3 min read · 06 January 2015
Tokyo-based Incubate Fund has raised 11 billion yen (about $92 million) for its third fund. The LPs for Incubate Fund III include INCJ, Yahoo Japan Corp., Sumitomo Mitsui Banking Corp., Tencent Holdings, Sega Sammy Holdings, Mistletoe Co. and Tokyo Broadcasting System Holdings. The fund will focus on startups in Japan and Asia.
2 min read · 06 January 2015
