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The fund's LPs include the European Investment Fund, First Swedish National Pension Fund, LGT, Nysnø, Investinor and family offices Canica and Lærdal.

The fund bring brings Thomvest's total assets under management to $750 million.

PE firms lead in AI/ML adoption, with 33% reporting that they have already adopted the tech, while just 19% of venture capital firms say the same, according to a new survey by tech provider Allvue.

Vintage Investment Partners, which is an investor in funds from Accel, a16z and General Catalyst, closed its fourth growth-stage fund at $200m, bringing its AUM to $4bn.

VCs have low expectations for IPOs, but see a rebound in M&A, citing optimism about lower interest rates and interest from private equity investors and better-capitalized public companies eager to get teams and technologies at a discount.

The move comes just two months after Menlo announced that it had raised $1.35bn to invest in tech companies “leading the AI transformation.”

David Berry has launched Bedford Bridge with his brother, entrepreneur Eric Berry, to invest in healthcare technology start-ups, including those focused on artificial intelligence, longevity, deep technology and data-driven care.

In Part 5 of his series on venture debt, Zack Ellison of Applied Real Intelligence digs into the strategies lenders use to mitigate the risk of lending to venture-backed start-ups.

Investors in firm's new fund include Carnegie Mellon University, Cook Children's Health Care System, LGT Capital Partners and Next Legacy Partners.

The CEO of 500 Global tells us about what's unusual in her home, her childhood dream of becoming a principal ballet dancer and the importance of doing 'the scary thing.'