Vinci raises $1 bln for third fund


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Brazilian private equity firm Vinci Capital Partners has closed its third fund at $1 billion. Vinci Capital Partners Fund III’s limited partners include U.S. public pension plans, consultants, sovereign wealth funds, funds of funds and family offices. MVision Private Equity Advisers was strategic fundraising adviser for Vinci Capital Partners while Debevoise & Plimpton LLP provided legal counsel for the fund.

PRESS RELEASE

Rio de Janeiro, Brazil, May 16, 2019 – Vinci Capital Partners (“Vinci” or the “Firm”) is pleased to announce the final closing of its most recent private equity fund, Vinci Capital Partners Fund III (“VCP III” or the “Fund”) and related co-investment entities of US$1billion (R$3.962 billion) of capital commitments. This amount includes US$310.6 million (R$1.225 billion) from co-investment capital, of which US$227.6 million remains discretionary on the part of investors.

In addition to support from existing and local institutional investors, Vinci Capital

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Temasek-backed Vertex raises $230 million for new Southeast Asia fund: Reuters


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Vertex Ventures, backed by Singapore state investor Temasek, said it has raised $230 million in the first close of its latest fund to invest in Southeast Asian and Indian technology start-ups.

The firm was an early investor in ride-hailing giant Grab. Its portfolio includes payments start-up InstaReM, online grocery platform HappyFresh and cryptocurrency exchange Binance.

Vertex expects a final close for the fund, its fourth for the region, over the next few months, it said in a statement.

It plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise technology, financial technology and consumer internet.

The combined Vertex Ventures Southeast Asia and India team operates out of three main offices in Singapore, Bangalore, and Jakarta.

Temasek-backed Vertex raises $230 million for new Southeast Asia fund: Reuters


This post is by Reuters News from Pe Hub Blog: Firms & Funds


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Vertex Ventures, backed by Singapore state investor Temasek, said it has raised $230 million in the first close of its latest fund to invest in Southeast Asian and Indian technology start-ups.

The firm was an early investor in ride-hailing giant Grab. Its portfolio includes payments start-up InstaReM, online grocery platform HappyFresh and cryptocurrency exchange Binance.

Vertex expects a final close for the fund, its fourth for the region, over the next few months, it said in a statement.

It plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise technology, financial technology and consumer internet.

The combined Vertex Ventures Southeast Asia and India team operates out of three main offices in Singapore, Bangalore, and Jakarta.

Miraki Innovation unveils $175 mln fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


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Miraki Innovation has launched a $175 million medical technology breakthrough fund. This will be the third fund started and managed by Christopher Velis, founder of Miraki Innovation and co-founder of Auris Health.

PRESS RELEASE

CAMBRIDGE, Mass., May 16, 2019 /PRNewswire/ — Founder of Miraki Innovation and co-founder of Auris Health, Christopher Velis, today announced the launch of his third fund to finance and build the next generation of pioneering medical technology (medtech) companies. The $175 million Medical Technology Breakthrough Fund will support Miraki’s mission of pinpointing and solving the world’s most pressing health challenges through technology. Adhering to a proven method developed over decades of experience advising and founding companies, the team at Miraki will use capital from the fund to build and support portfolio companies, leveraging existing and new academic and research relationships to develop and commercialize novel, market-leading medtech.

The company’s unique and efficient approach to investing

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Accel collects $575 mln for fund to invest in European and Israeli startups


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Accel has raised $575 million for its sixth fund that will invest in early-stage companies in Europe and Israel. Headquartered in Palo Alto, California, Accel has offices in San Francisco, London, India and China.

PRESS RELEASE

16th May 2019, London: Accel, the leading global venture capital firm, today announces that it has raised a $575 million fund, its sixth to be invested in early stage companies across Europe and Israel.

Accel opened its doors in London in 2000, aiming to become the first meaningful partner to exceptional entrepreneurs from the region. Since those early days, Europe has witnessed staggering growth, as founders across the region have successfully scaled transformative global businesses.

Accel, the only Silicon Valley-founded venture firm to establish itself successfully on the ground in Europe, leverages its 35-year history and global platform to support the founders and companies it backs. The strategy of partnering early (typically at the

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Madrona Ventures Group closed $101 mln acceleration fund


This post is by Marina Temkin from Pe Hub Blog: Firms & Funds


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Madrona Ventures Group, a Seattle-based venture capital firm that invests in early-stage technology companies in the Pacific Northwest, closed a $101 million acceleration fund, according to a filing with the SEC. The document states that 41 limited partners participated in the fund.

The firm raised its $300 million fund VII in May 2018.

Fengate raises C$1.1 bln in close of third core infrastructure fund


This post is by Kirk Falconer from Pe Hub Blog: Firms & Funds


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Fengate Asset Management has raised $1.1 billion in committed capital in the final close of its third core infrastructure fund. Fengate Core Infrastructure Fund III exceeded both its C$750 million target and initial C$1 billion hard cap. It was backed by new and existing limited partners, including public and corporate pension plans, insurance companies and funds of funds, based in North America, Europe and Japan. Threadmark Partners was the placement agent. Fund III, already about 50 percent deployed or committed to seven North American assets, will maintain Fengate’s strategy of investing in mid-sized infrastructure assets emphasizing greenfield projects. Based in Toronto, Fengate invests in infrastructure, private equity and real estate.

PRESS RELEASE

TORONTO, May 15, 2019 /CNW/ – Fengate Asset Management (Fengate) today announced that it has closed total capital commitments of $1.1 billion for Fengate Core Infrastructure Fund III and affiliated vehicles (Fund III), exceeding both its

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OCA Ventures is seeking $125 mln towards fourth fund


This post is by Marina Temkin from Pe Hub Blog: Firms & Funds


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OCA Ventures, a Chicago-based early-stage firm is seeking $125 million towards a fourth fund, according to a filing with the SEC. First raise was not reported.

The firm invests primarily in technology and highly-scalable service industries. OCA ventures raised its $100 million third fund in 2014.

 

Ex-Shepherd GP’s Cure8 Ventures raises $2.6 mln toward VC fund


This post is by Mark Boslet from Pe Hub Blog: Firms & Funds


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Cure8 Ventures has raised $2.6 million toward a venture-capital fund, according to a filing with the SEC.

The St. Louis-based early-stage firm focused on food, wellness and health investing did not list a fund target. It is managed by Tom Siegel, formerly a managing director at Shepherd Ventures, and Justin Siegel, president of Deli Star Corp.

The filing is available here.

 

HSE wraps up fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


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Hull Street Energy has raised over $500 million for its first institutional fund. The fund’s limited partners include endowments and foundations, insurance companies, consultants, corporate pension plans, funds of funds and family offices. HSE targets middle-market power deals. Eaton Partners was the placement agent for the fundraising.

PRESS RELEASE

ROWAYTON, Conn., May 14, 2019 – Eaton Partners, one of the world’s largest capital placement agents and fund advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive placement agent for Hull Street Energy’s (“HSE”) first institutional fund.

HSE exceeded its fundraising target with over $500 million of capital commitments, including parallel funds and co-investment vehicles to invest in the North American power sector as the grid evolves to a more sustainable footprint. HSE received strong interest from a diverse, highly-regarded group of institutional investors that includes endowments and

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