US

Early draft of legislation protects 'loophole,' targets cuts to Biden-era stimulus, affiliate Private Funds CFO has learned.

The aviation investment manager plans to raise a new fund that will build on JetBlue Ventures’ existing portfolio and expand founders’ access to more strategic relationships around the world.

'Investors in the fund will have the option to earmark a portion of their investment to be held in an interest-bearing account that will serve as an ongoing source of revenue to cover management fees and carried interest,' says managing partner Michelle Urben.

After nearly two decades in Apollo’s private equity division, Justin Stevens brings his relationships with debt and other structured finance providers to bear at Overlap Holdings.

The fund's private markets-style structure 'allows us to apply a venture capital mindset to publicly traded biotech companies,' says managing partner Gaurav Aggarwal.

Fund III is 28% smaller and took 10 months longer to raise than Deerfield Healthcare Innovations Fund II, according to Venture Capital Journal research.

The global asset manager is expanding its $10bn evergreen platform to include a dedicated vehicle for venture and growth equity investments.

The co-founder and general partner of Azolla Ventures talks about trail running, the unexpected signatures on his college diploma and why investing in climate tech is so important.