Amino Capital has raised $20.5 million for its third fund, according to an SEC filing. The target is $100 million. The Palo Alto, California-based venture firm invests in data-driven startups.
GGV Capital is seeking to raise $1.88 billion for its seventh fund, according to an SEC filing. The Menlo Park, California-based venture firm invests in China and the U.S., focusing on a range of tech sectors.
Summit Park has closed its third fund at $245 million, beating its original target of $200 million. Summit Park III’s limited partners include pension funds, foundations and asset managers. Morgan, Lewis & Bockius LLP was legal counsel to Summit Park on the fundraising. The Charlotte, North Carolina-based firm invests in lower-middle market companies that have an EBITDA between $4 million and $15 million. PRESS RELEASE Summit Park (“SP” or the “Firm”) is pleased to announce the final closing of Summit Park III, L.P. (“SP III” or the “Fund”) at $245 million. The Fund exceeded its original target of $200 million. Limited partners include all of the predecessor fund’s investors, as well as the addition of several new institutional investors, including pension funds, foundations and asset managers. SP III will continue the strategy of the Firm’s predecessor fund, Summit Park II, L.P., which closed in April 2015. Investment
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Bessemer Venture Partners has set out to raise a tenth venture-capital fund, according to a filing with the SEC. The firm did not revealed a target size or report a first close. Bessemer’s ninth fund closed in February 2015 and attracted $1.6 billion. The firm invests across stages, from seed to growth rounds, with a focus that ranges from enterprise to consumer and healthcare. The filing can be found here.
Innventure has set out to raise a $150 million maiden venture-capital fund, according to a filing with the SEC. Innventus Fund I did not report a first close. Innventure was co-founded by Michael Otworth. The filing is available here.
Singapore-based venture capital firm Golden Gate Ventures said on Friday it will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups. The fund, called LuneX Ventures, will invest in early-stage companies globally such as cryptocurrency exchanges and security providers. Investors in the fund will include high-net worth individuals and family offices. The fund is among a cluster of similar ventures that invest in the cryptocurrency space, backed by wealthy individuals and financial firms, that have emerged over the past year. Such firms have partially replaced the retail investor base, which drove bitcoin’s skyrocket rise in 2017. The price of the world’s biggest and best-known virtual currency has more than halved from a high of near $20,000 late last year.
Strategic Healthcare Investment Partners has set out to raise a $125 million venture-capital fund, according to a filing with the SEC. The firm did not report a first close. The firm is managed by Brad Vale, formerly with Calaveras Creek Capital and Johnson & Johnson‘s venture unit, and Mudit K. Jain, also formerly with Johnson & Johnson’s venture team and presently a managing director at Synergy Life Science Partners. The filing is available here.
Welsh, Carson, Anderson & Stowe has raised over $2.8 billion for its thirteenth fund, according to an SEC filing. Welsh, Carson, Anderson & Stowe was founded in 1979 and has raised more than $22 billion since its inception. The firm has offices in New York and San Francisco.
Benhamou Global Ventures, a Silicon Valley-based early-stage venture firm, has closed its opportunity fund at over $40 million. The fund’s investors include previous limited partners and several new international and institutional limited partners. PRESS RELEASE PALO ALTO, Calif.–(BUSINESS WIRE)–Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on the digital transformation of the enterprise with a cross-border innovation theme, announced the first close of the BGV Opportunity Fund with over $40M of capital committed to date. Investors in this fourth fund include both existing limited partners as well as several new international and institutional LPs. The BGV Opportunity Fund will focus on capturing the full pro rata in winning portfolio companies from BGV II and BGV III as they mature and raise late stage equity rounds. Target portfolio companies will have achieved product market fit, established a repeatable go-to-market
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OS Fund has raised $250 million for its second fund. OS Fund invests in “entrepreneurs and companies that develop breakthrough discoveries in science to address our most pressing global problems.” PRESS RELEASE VENICE, Calif.–(BUSINESS WIRE)–Bryan Johnson and Jeff Klunzinger are raising $250 million for OS Fund II — following a successful $100M OS Fund I. OS Fund is a venture capital fund that invests in entrepreneurs and companies that develop breakthrough discoveries in science to address our most pressing global problems. OS Fund I made 28 investments total, with 27 receiving follow on investment, four valued at over a billion dollars, and two acquired. According to PitchBook, OS Fund’s investments were among the top 10% of U.S. funds in performance. The success of OS Fund has proven that it’s possible to achieve results by breaking the rules that traditionally govern deep tech investing. OS Fund invested in
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ClearSky has raised $244.7 million of a targeted $300 million for its first security fund, according to a regulatory filing. The venture and growth equity firm has offices in Florida, New York, Boston and San Francisco, and is led by Alexander Weiss, Jay Leek, James Huff, James Goldinger, and Peter Kuper. The firm invests in the power and security industries, according to its website. The filing lists 94 investors.
Houston-based private equity firm Quantum Energy Partners has closed its seventh fund at a hard cap of $5.575 billion. Sidley advised Quantum on the fundraising. PRESS RELEASE HOUSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) — Quantum Energy Partners (“Quantum”) announced today that it has held its final closing on Quantum Energy Partners VII and its affiliates (collectively, “QEP VII”) above its hard-cap with $5.575 billion of equity capital commitments, including commitments from the General Partner and its affiliates. Quantum has built one of the leading energy private equity franchises that invests across the energy value chain and, together with its affiliates, has managed more than $16 billion of equity commitments since 1998. Quantum remains committed to the cycle-tested investment strategy it has successfully implemented since its founding, partnering with exceptional entrepreneurs that have a strong emphasis on operational excellence and that can demonstrate unique and sustainable competitive advantages to
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Cowboy Ventures has raised $93 million for its third fund, according to an SEC filing. The target is $95 million. Cowboy Ventures III will focus on backing U.S.-based seed-stage technology startups.
Polaris Partners has raised $175 million for its debut growth fund, according to an SEC filing. Based in Boston and San Francisco, the private equity firm invests in technology and healthcare companies.
Burlingame, California-based cybersecurity-focused investor Ten Eleven Ventures announced it has raised $140 million for its second growth fund. The firm, managed by Alex Doll, a digital-security entrepreneur and son of DCM Ventures co-founder Dixon Doll, and investor Mark Hatfield, said it added several new investors into the fund, including Singapore LP Temasek. Ten Eleven said it will work with Temasek to expand geographically, including into Southeast Asia, where the firm says its portfolio companies are aiming to reach when they hit the point of scaling. In addition, the firm announced it has hired Brian Draves as a partner and chief operating officer. Draves was previously general counsel at Techstars. Source: Firm blog post
Aldrich Capital has raised over $246 million for its debut fund, according to an SEC filing. The target is $250 million. Based in Vienna, Virginia, the private equity firm invests in sectors that include business services, software and cloud-services, fintech and healthcare IT.
August Capital is seeking to raise $250 million for its eighth fund, according to an SEC filing. Based in Menlo Park, California, the venture firm is focused on information technology.
H.I.G Capital has raised $2.39 billion for a U.S. buyout fund focused on mid-market companies, Financial News reported. H.I.G. is seeking $2.75 billion for the HIG Advantage Fund, up from its initial $2.25 billion target, the story said, citing an SEC filing. H.I.G. of Miami invests in small to mid-market companies valued at between $50 billion to $500 million, Financial News said.
Felicis Ventures has raised $270 million for its sixth fund, according to an SEC filing. The Menlo Park, California-based venture firm “backs iconic companies reinventing existing markets and creating frontier technologies,” according to Crunchbase.
Azure Capital Partners has set out to raise a growth fund, according to a filing with the SEC. The filing for Azure III Bouqs Growth did not report a target or a first close. The filing is available here.