US

Fubon Life Insurance is committing $75m to the new fund, which is slightly smaller than Battery's previous flagship.

The first GP to join the San Francisco-based VC firm since its founding, Rosenthal’s hire attests to AI being seen as a true platform embarking on a second wave of commercial impact.

Limited partners in previous funds include Powder Mill Foundation, Albuquerque Community Foundation, Ball Brothers Foundation and Berkshire Taconic Community Foundation.

The largest known VC fund commitment in 2025 was $225m – 38% less than the biggest known commitment of the previous year.

The appointment reflects expanding demand for entrepreneurial ecosystem development and AI readiness across emerging markets.

Will we finally see a wave of IPOs this year, or will GPs have to turn to the secondaries market to deliver liquidity to their investors?

Investment from new wealth management clients at parent company Northern Trust has enabled the private equity group to continue to raise new funds of funds amid liquidity challenges.

Limited partners include AMB Holdings, Builders Vision, Cisco Foundation, Stray Works and Australian impact investing firms Understorey Ventures and Wedgetail.

Several US endowments undergoing a venture program ramp-up are enjoying flexibility, access and the potential for a market turnaround.

The Silicon Valley-based firm plans to invest in physical and applied AI through SAFE notes at the earliest stages.