US

Orange County Employees Retirement System, the City of San Jose Retirement System and UK pension fund Railpen are among the LPs betting on a new firm that wants to buy stakes in 15 to 20 VC management companies.

Menlo says the newly raised capital will go to its flagship venture fund Menlo XVI, Menlo Inflection III and affiliated funds 'with a mandate to invest in promising technology companies leading the AI transformation.'

Collective Global says it plans to invest in 15-20 venture managers in the US and Europe and has already agreed to acquire a stake in a "leading venture firm that invests in market-defining companies across technology and artificial intelligence."

Kearney's focus includes investments across the climate, advanced computing and human health sectors.

Davis will focus on growth equity investments and open a new office in San Francisco.

In Part 3 of his series on venture debt, Zack Ellison of Applied Real Intelligence explains how to enhance equity upside through smart and creative structuring of deals.

The Silicon Valley-based firm has raised nearly $73m across three funds since its founding in 2014.

Zeal Capital Partners, which is raising its second fund, hires Stefanie Thomas of Impact America Fund as a managing director.

Native American Capital and Investment Alliance is a platform where equity investors, investment advisers and alternative lenders can learn about investment opportunities in Native-founded companies.