Town Hall Ventures raises $115 mln for inaugural fund

Town Hall Ventures has closed its debut fund at $115 million. The fund will focus on investing in the health care of underserved communities. In addition to the fund-closing, the firm has also named Ann Hickey as a vice president. PRESS RELEASE (NEW YORK and MINNESOTA) – Town Hall Ventures, a firm built to address the health care challenges of the most vulnerable Americans, is pleased to announce they have closed their first fund. The Fund and its Limited Partners, representing multiple leading non-profit health systems and payors, along with transformational entrepreneurs, executives, and investors, have coalesced around a strong mandate to direct millions of dollars to invest in communities that have long been ignored. Town Hall’s founding partners Trevor Price, Andy Slavitt, and David Whelan announced the firm’s formation on May 7, 2018, commenced fundraising soon after, and closed their first fund recently at $115M – exceeding the target
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Alumni Ventures unveils four new funds

Alumni Ventures has launched four new funds: Elite Engineers Fund, the B-School Fund, Little Ivy Ventures and the Midwest Value Fund. Elite Engineers invests in ventures led by alumni of top engineering schools; the B-School Fund invests in top business school grads; Little Ivy Ventures backs startups founded by alumni from Bowdoin, Middlebury, Amherst, Williams and Tufts; and Midwest Value Fund invests in opportunities outside California, New York and Massachusetts. Each fund is targeting between $5 and $10 million. MANCHESTER, N.H. (PRWEB) SEPTEMBER 19, 2018 Alumni Ventures Group, the second most active venture firm in the world (Pitchbook), has announced the opening of four new funds for accredited investors, increasing AVG’s offerings to 25 funds. Effective today, the Elite Engineers Fund, the B-School Fund, Little Ivy Ventures, and the Midwest Value Fund are available for investment. Like most of AVG’s products, the funds will offer accredited investors a
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Five Arrows wraps up maiden fund at over $655 mln

Five Arrows Capital Partners, the private equity arm of Rothschild Merchant Banking, has closed its first U.S. corporate private equity fund at over $655 million. The fund’s limited partners include institutions, corporations, international family offices and entrepreneurs. PRESS RELEASE NEW YORK, LONDON, and PARIS, Sept. 20, 2018 /PRNewswire/ — Rothschild Merchant Banking, the investment arm of Rothschild & Co, is pleased to announce that it has completed the final closing of Five Arrows Capital Partners (“FACP” or the “Fund”), its first corporate private equity vehicle in the United States. This is the 13th fund raised by Rothschild Merchant Banking over the last 10 years, which brings the total assets under management to more than $10 billion across four strategies: corporate private equity; senior and junior credit; primary and secondary fund of funds; and co-investments. The Fund has secured total capital commitments in excess of $655 million, above its
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Northleaf Capital Partners raises $2.2 bln for global PE strategy

Canadian private-markets investor Northleaf Capital Partners has secured US$2.2 billion in new commitments for its global private equity program. The capital was raised for Northleaf Private Equity Investors VII (NPE VII), Northleaf Secondary Partners II (NSP II) and several separately managed accounts. NSP II, the firm’s second secondaries fund, was closed above target at US$800 million. NPE VII remains open to new investors until early 2019. Northleaf’s strategy combines mid-market fund investments with secondary deals and direct minority investments and co-investments. The Toronto-based firm now oversees more than US$11 billion in private equity, private credit and infrastructure commitments on behalf of institutional investors in North America and Europe. Photo: Stuart Waugh, managing director and managing partner of Northleaf Capital Partners. PRESS RELEASE Northleaf raises more than US$2 billion for global private equity program Specialist secondaries fund hits US$800 million, exceeding target Northleaf’s private markets commitments under management now total more than US$11 billion TORONTO
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China’s Hillhouse raises $10.6 billion in Asia’s biggest private equity fund: Reuters

HONG KONG (Reuters) – Hillhouse Capital, an investor in top Chinese technology firms including Tencent (0700.HK) and Baidu (BIDU.O), has closed its latest funding round at $10.6 billion, it said, making it the region’s biggest private equity capital raising. The new fund, Hillhouse Fund IV, will look for investment opportunities across the healthcare, consumer, technology and services sectors globally, with a focus on Asia, the company said in a statement on Wednesday. Hillhouse’s $10.6 billion fundraising exceeded the $9.3 billion raised by private equity firm KKR & Co’s (KKR.N) Asia-focused buyout fund in June 2017, which was a record for the region at that time. Hillhouse, a Chinese investment firm founded in 2005 by Zhang Lei with seed funding from Yale University’s endowment, is among several China-focused investment managers that have funds in both U.
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Amplify Partners wraps up third fund with $200 mln

Menlo Park, California-based Amplify Partners announced it has closed its third fund with $200 million in commitments. A regulatory filing indicated 50 investors contributed to the fund. The firm, founded in 2012 by General Partners Sunil Dhaliwal and Mike Dauber, raised $125 million for its previous effort in 2015. The firm backs early-stage technical founders in such sectors as machine intelligence, infrastructure, developer tools and security. Source: Medium blog post

Meloy Fund I wraps up at over $22 mln

The Meloy Fund I LP, an impact investment fund focused on backing sustainable coastal fisheries in Indonesia and the Philippines, has closed at over $22 million. The investors included FMO, the Dutch development bank that provided $5 million. PRESS RELEASE ARLINGTON, VA. (PRWEB) SEPTEMBER 17, 2018 The Meloy Fund I, LP, the world’s first impact investment fund dedicated to supporting sustainable coastal fisheries in Indonesia and the Philippines, today announced a $5 million investment from FMO, the Dutch development bank. This brings the fund to a final close at over $22 million. FMO joins a diverse group of family offices, investment managers, and foundations already invested. Working with partners ranging from finance institutions to civil society organizations and investors, FMO invests in over 80 countries, supporting jobs, income generation and a more livable planet. A supporter of the United Nations’ Sustainable Development Goals, FMO’s role extends beyond financing,
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Aflac hikes up investment in its venture fund

Aflac has expanded its investment in its venture fund from $100 million over three years to $250 million over three to four years. Aflac Ventures Fund focuses on growth-stage companies that are “innovative” and “scalable.” So far the fund has invested in eight early-stage companies in the Japan and the U.S., with each investment ranging between $1 million and $6 million. PRESS RELEASE COLUMBUS, Ga., Sept. 17, 2018 /PRNewswire/ — Aflac Incorporated (NYSE :AFL ) announced today that as part of its overall corporate venture strategy, the company is increasing its original investment in the Aflac Ventures Fund from $100 million over three years to $250 million over three to four years, as opportunities emerge. To date, the Aflac Ventures Fund has made eight investments in mainly early-stage companies both in Japan and the U.S., with individual investment size ranging from $1 million to
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