Lawrence Aragon

Sapphire Partners will assume investment management responsibilities of five of CalSTRS' existing new and next-generation manager funds.

Investors include Japan Bank of International Cooperation, which anchored the fund, as well as BaltCap, Honda, Omron and Swedbank pension funds.

Thirteen is considered an unlucky number, but for Sierra Ventures it is serendipitous: the Silicon Valley firm closed on $265m for its 13th fund, beating its target in a tough fundraising environment.

Fin Capital, a B2B fintech-focused venture capital firm, has named Nicholas Cirella as general counsel and chief compliance officer.

The UK government-backed investor joined Spanish investment firm Aldea Ventures, UK impact investor Big Society Capital, US family offices and funds-of-funds managers.

Orange County Employees Retirement System committed $50m to TCG Crossover Fund II, joining the New Mexico State Investment Council and Rhode Island State Treasury.

Zeal Capital Partners, which is in the market raising its second fund, has hired Emily Zhen as a principal to spearhead a new health equity investing mandate.

Geek Ventures, which seeks to invest in immigrant founders, has raised $23 million for its inaugural fund.

The SEC's new private funds rules aren’t as draconian as some anticipated, but they still represent a significant change from business as usual. Here is what you need to know.

Growth-stage healthcare investor Questa Capital Management managed to nearly hit its ambitious target for its third fund despite a tough fundraising environment.