Glilot raises $110 mlm for third fund

Glilot Capital Partners, an Israeli venture firm focused on early-stage startups, has closed its third fund at $110 million. As with the previous funds, Glilot III will invest in Israeli early-stage startups in artificial intelligence, big data and cyber security. PRESS RELEASE TEL AVIV, Israel, Oct. 15, 2018 /PRNewswire/ — Glilot Capital Partners a Venture capital fund which invests in early-stage startups, has announced the closing of its third investment fund, Glilot III, at $110 million. Like the earlier funds (Glilot I and Glilot II), Glilot III will specialize in investing in Israeli early-stage startups in artificial intelligence, big data and cyber security. Glilot focuses on startups in the seed and A stages. Apart from capital investment, the fund offers entrepreneurs support, guidance and direct access to international players, drawing on the fund leaders’ extensive experience and the expertise of a dedicated team to add value to the funded
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The Growth Stage launches funding platform

UK-based The Growth Stage is launching its first funding platform for private growth companies to raise capital from institutional investors. The Growth Stage is focusing on scale-up rather than start-up situations where private companies are raising more than $10 million. The company is planning on raising several funding rounds in 2018. PRESS RELEASE LONDON–(BUSINESS WIRE)–The Growth Stage, a UK based company, is launching today the world’s first funding platform for private growth companies to raise capital from regulated institutional investors (pension funds, retail funds, hedge funds, sovereign wealth funds and family offices), who have over $4tn of assets under management. The Growth Stage has been created to satisfy the increasing demand from institutional investors to invest in high growth, scale-up companies. It has no joining fee for private companies or institutional investors, and charges only 1% of funds raised – challenging the traditional funding model, and providing private companies with
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Rhythm Venture Capital forms Rhythm Fund X

Rhythm Venture Capital has launched Rhythm Fund X, a new fund. Rhythm Fund X has raised an undisclosed amount of funding in its first closing. The fund is seeking to make its initial investment by the end of the first quarter of 2019. Rhythm Venture Capital focuses on digital health, healthcare services, biotech and life sciences. PRESS RELEASE NEW YORK, Oct. 11, 2018 /PRNewswire/ — Today RHYTHM VENTURE CAPITAL announces the formation and first closing of its new venture capital fund. The new fund is called Rhythm Fund X and has formally accepted its first limited partners and aims to make its first investment by end of first quarter 2019. Rhythm Venture Capital is managed by partners Jordan S. Ryan and Jimmy D. Brown. The rest of the team being comprised of top tier experts in fields such as genomics and data driven solutions for diseases such as Cystic
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LFM wraps up second fund at $184 mln

LFM Capital LLC has closed its sophomore fund at $184 million. The Nashville-based private equity firm focuses on acquiring private U.S.-based manufacturing and industrial services companies with at least $3 million of EBITDA and valuations ranging between $15 million and $125 million. LFM’s previous fund closed at $110 million. PRESS RELEASE NASHVILLE, TN, October 12, 2018 – LFM Capital, LLC (“LFM”), a Nashville-based private equity firm founded in May 2014, announced today that it has closed its second fund, LFM Capital Partners II, L.P. (“LFM II” or “Fund II”) with $184 million in aggregate capital commitments. LFM II received significant investor interest and held a single close less than three months after launching fundraising efforts. LFM’s prior fund had commitments of $110 million. Fund II received strong support from investors in LFM’s first fund as well as select new investors with whom the team had developed relationships
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HealthpointCapital gathers $100 mln for fourth fund

HealthpointCapital, a private equity firm focused on musculoskeletal healthcare, has raised $100 million for its fourth fund. The target is $500 million. The fund plans on investing in eight to 10 growth-stage companies. PRESS RELEASE NEW YORK, Oct. 9, 2018 /PRNewswire/ — HealthpointCapital, the leading private equity firm focused exclusively on musculoskeletal healthcare, today announced the successful first closing at $100 Million of its fourth fund. The Musculoskeletal Fund IV will continue HealthpointCapital’s successful strategy of investing in differentiated technology and service companies in the orthopedics, spine, dental, maxillofacial, rehabilitation and digital health sectors. The Fund’s target size is $500 Million, with the intention to invest in eight to ten innovative growth-stage companies that can benefit from HealthpointCapital’s sector focus, industry / management experience, and investment. Commenting on the announcement, Mike Mogul, HealthpointCapital’s President, said: “The first closing for Fund IV represents a milestone and a validation of our
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Aldrich Capital wraps up inaugural fund at over $256 mln

Aldrich Capital Partners has closed its debut fund at over $256 million. The limited partners of Aldrich Capital Partners Fund I LP include endowments, foundations, pension funds and family offices. The fund will invest in North American-based lower middle market companies in three technology sectors: healthcare IT, financial technology, and application software. Kirkland & Ellis LLP provided legal counsel to the fund. PRESS RELEASE VIENNA, Va., Oct. 9, 2018 /PRNewswire/ — Aldrich Capital Partners (ACP), a Virginia-based growth equity firm, announced today the successful final close of its debut institutional fund, Aldrich Capital Partners Fund I, LP (Fund); with more than $256 million in capital commitments on June 22, 2018. Institutional investors including endowments, foundations, pension funds, and family offices committed to the Fund. The investment strategy of the Fund is to make growth equity investments, including both control and minority investments, in North American-based lower middle market companies
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Commonfund Capital wraps up 12th venture fund at $432 mln

Commonfund Capital has closed its twelfth venture fund at $432 million. The limited partners of Commonfund Capital Venture Partners XII include endowments, foundations and pensions. PRESS RELEASE Wilton, CT, October 5, 2018 – Commonfund Capital today announced the closing of its 12th venture capital fund, Commonfund Capital Venture Partners XII. The fund closed with $432 million of capital commitments sourced from investors including endowments, foundations and pensions. “We are pleased to partner with some of the leading managers across the globe for our 12th venture capital fund,” said Aaron Miller, Co-Head of Venture Capital at Commonfund Capital. “Through our decades-long industry track record, dedicated focus and access, we bring mission- and membership-based organizations exposure to a range of companies driving disruptive innovation across sectors such as information technology, consumer and healthcare” added Co-Head Kent Scott. Commonfund Capital is a private capital solutions provider that invests with global partners into primarily
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Mosaic Ventures amasses $150 mln for sophomore fund

Mosaic Ventures has raised $150 million for its second fund. The London-based early-stage venture firm is focused on Series A investments. PRESS RELEASE LONDON: 0900, Monday 8th October 2018 Launched in 2014, Mosaic Ventures today announced that it has closed a second fund of $150m, to continue its focus on Series A. Global ambition for Europe’s best founders
Mosaic is a ‘Silicon Valley-style’ venture capital firm that invests in early-stage technology startups. The firm embraces Series A risk: backing founders whose dreams have a genuine shot to become global category leaders. In the four years since launching, Mosaic has invested thematically in over 20 startups, in sectors at the frontier of innovation including blockchain & crypto, machine intelligence learning, mobility & location services and next generation, consumerised fintech (unbundling banks). The portfolio: backing the boldest entrepreneurs
Mosaic has backed transformative companies such as Blockchain, the world’s leading cryptocurrency wallet provider.
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Kraft Heinz launches $100 mln venture fund

Kraft Heinz has launched Evolv Ventures, a Chicago-based venture fund focused on food tech companies. Kraft Heinz has committed up to $100 million to Evolv and has named Bill Pescatello, a former partner at Lightbank, to lead the fund. PRESS RELEASE PITTSBURGH & CHICAGO–(BUSINESS WIRE)–Kraft Heinz announces the launch of Evolv Ventures, a venture fund that will invest in emerging tech companies transforming the food industry. Kraft Heinz has committed up to $100 million to Evolv Ventures and brought on venture investor Bill Pescatello to lead the fund. “New technological innovations in the food industry create endless new opportunities to strengthen business models,” said Bernardo Hees, Chief Executive Officer at Kraft Heinz. “Through Evolv Ventures, we will work with tomorrow’s most innovative founders and companies in the space, and use the full resources of Kraft Heinz to help them succeed.” Pescatello brings more than a decade
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Humbition collects $30 mln for new fund

Humbition, a newly launched early-stage venture firm focused on founder-led companies in New York City, has raised $30 million for its new fund. Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin lead Humbition. PRESS RELEASE Humbition announces the close of a new $30 million operators fund investing in founder-led companies in New York City. Led by Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin, the fund focuses on connecting early-stage firms with operators experienced in building and growing successful businesses. humbition fills a void in New York where most early-stage investment firms have limited operator experience. The fund has cultivated an impressive roster of New York-based startup founders as advisors, including ClassPass founder Payal Kadakia, Warby Parker founder and CEO Neil Blumenthal, Compass founder and CEO Robert Reffkin, B Lab founder Andrew Kassoy, Charity: Water CEO and founder Scott Harrison and Casper founder and CEO Philip Krim.
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Landmark Partners racks up $7 bln for PE secondaries fund

Landmark Partners has closed its latest private equity secondaries fund at $7 billion, beating its $4 billion target. The investors of Landmark Equity Partners XVI include public pensions, corporate pensions, insurance companies, asset managers and foundations. In January 2015, Landmark closed its previous secondaries fund at a hard cap of $3.25 billion. PRESS RELEASE Simsbury, Boston, Dallas, New York and London – Landmark Partners, a leading investor in the private equity, real estate and infrastructure secondary market, today announced that Landmark Equity Partners XVI (“LEP XVI”), together with its secondary co-investment affiliates, held its final close on September 28, 2018, with commitments of US$7 billion. LEP XVI exceeded its initial target of US$4 billion. LEP XVI continues Landmark’s dedicated secondaries investment strategy of acquiring interests in existing private equity funds, partnerships and other structured entities globally. The final close of LEP XVI brings Landmark’s total committed capital to approximately US$27
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Epiris wraps up new fund

UK-based private equity firm Epiris has closed its new fund at 821 million pounds. The fund’s investors include public and private pension funds, endowments and foundations, asset managers and private investors. Campbell Lutyens was the financial adviser and placement agent. PRESS RELEASE Epiris is pleased to announce the successful final close of Epiris Fund II (“Fund II” or “the Fund”), the first institutional private equity fund advised by Epiris LLP. The Fund attracted capital commitments totalling £821 million, making it one of the largest European first-time funds raised in the last decade. Fund II comprises commitments from some of the world’s leading private equity investors, including public and private pension funds (34%), endowments and foundations (30%), asset managers (22%) and private investors (14%). The Fund’s investor base is global and originates from North America (46%), the United Kingdom (32%), Europe (18%) and the rest of the world (4%). Fund II
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