News

Ocean Propeller Fund I GP has raised about $59m toward a goal of $120m, according to a regulatory filing.

LPs include Mitsubishi Estate, Tokyu Fudosan, Obayashi Corporation, Mori Trust and Hitachi Solutions.

The House is set to pass the Inflation Reduction Act after Democrats nixed their plan to close the so-called 'carried interest loophole,' but you can be certain this won’t the last we hear of the issue.

The VC and growth firm has established 10 sustainability goals, inspired by the UN SDGs, and in December published its first annual report on its progress against these.

The market passed the $100bn mark in 2021, according to research by VC secondaries specialist Industry Ventures.

GPs and LPs are keeping a close eye on 409A filings and new financing rounds, which can reverberate in hundreds of funds, judging by two recent examples.

First-time fund manager Cornerstone VC has set out to prove that backing diverse entrepreneurs will deliver superior financial returns. Positive impact is a 'significant secondary benefit.'

The woman-led firm, which raised about $24m for its debut vehicle, is targeting up to $150m for its sequel fund, its founder tells Venture Capital Journal exclusively.

Firm CEO Sol Trujillo says his long term goal is to build 'a multibillion-dollar AUM firm that will endure for many generations.'

The FoF will invest in private equity and venture capital funds, coupled with direct investments into companies.