News

The pan-African development financier is targeting African-owned funds to direct attention to African tech and attract institutional capital.

With Banco Santander as its sole limited partner since inception, the London-based VC firm is about to pursue institutional investors and multifamily offices across North and Latin America and Europe.

Anders Bendsen Spohr of Novo Holdings describes the need for various groups of investors to collaborate to fill an urgent funding gap.

The Dallas-based venture firm has made 13 investments from the new fund to date, spanning the space, defense and deep tech sectors.

The Saudi Industrial Development Fund Investment Co committed to the sophomore fund from Khwarizmi Ventures, which recently held a first close on about $72m.

Family offices are becoming catalytic capital providers via direct investments, co-investments and thematic platforms, writes Steven Thayer of Ice Miller.

The $40bn AUM pension system committed a combined $30m to two funds managed by Eclipse Capital.

Limited partners in prior funds include Argyros Family Foundation and Oregon Growth Board.

The New York-based firm received commitments from ZOMA Capital, GCM Grosvenor, MassMutual, Sorenson Impact Advisory and Pivotal Ventures.

The GP and LP have joined forces to strengthen Canada's venture ecosystem and help prepare emerging managers for discussions with institutional LPs.