Santé Ventures said it raised a $250 million third fund that is 79 percent larger than its second fund and aimed at maintaining ownership levels in its most successful portfolio companies. The life sciences fund will target investments in 20 to 25 companies, was oversubscribed by 25 percent, and attracted more than 30 LPs. Among […]
Insight Venture Partners, a growth- and early-stage investor, has been working on a restructuring process to move assets out of older funds into a continuation vehicle that will give the GP more time to manage the assets. Insight is one of a handful of top-line venture managers who have turned to the secondary market to […]
When Los Angeles-based seed-stage investor Fika Ventures wrapped up its debut fund two years ago, it was part of a recent surge of venture activity in the California Southland. In addition to Fika, such early-stage firms as Mucker Capital, Karlin Ventures, Crosscut Ventures, Double M Partners, Bonfire Ventures and most recently Beth Seidenberg‘s Westlake Village […]
By Paul Asel, NGP Capital These are heady times. Every day it seems a new unicorn is created. New vocabulary – unicorn, minicorn, decacorn, mega round, super mega round – is now common in venture parlance to describe the current investment frenzy of large rounds at high valuations. While surely it is a great time […]
StandUp Ventures, part of a small but fast-growing group of Canadian women-focused venture firms, held the second close of its inaugural fund, raising C$18 million ($13.4 million). StandUp Ventures Fund I secured additional commitments from CIBC, Export Development Canada, Northleaf Venture Catalyst Fund II, RBC and Vancity, a news release said. The new limited partners […]
Although the timetable for a second Vision Fund is not known, SoftBank Group COO Marcelo Claure acknowledged that most of the capital from the first near $100 billion Vision Fund has been deployed. In addition, Claure said that SoftBank is indeed planning a second Vision Fund and it will go all in on artificial intelligence. […]
The cannabis market is made of the stuff that usually keeps venture capitalists away: uncertain regulation, difficult banking rules, a product with a social stigma. And yet certain intrepid investors haven’t turned away. The reason is simply. More states and nations are opening their doors to recreational and medical marijuana, and the potential of a […]
Below is performance data for the venture capital funds in the New York State Common Retirement Fund portfolio, vintages 2007 to 2017. The figures from the New York LP are current as of March 2018. To download the full version of the spreadsheet below with additional data, click here: NY State Common Retirement Fund (Vintages 2007 to 2017) NY State Common Retirement […]
Chaifetz Group is based in Chicago, on one of the seven floors in NBC Tower claimed by ComPsych, the employee-assistance-program provider founded by Richard Chaifetz and the source of the wealth this multibillion-dollar single-family office has managed and invested since it was founded in 2010. Ross Chaifetz, Richard’s son and director of venture capital at […]
Europe is giving Silicon Valley a run for its money when it comes to launching global technology platforms, and private equity investors are paying attention. While the US had 55 startups that reached unicorn status, or a $1 billion-plus valuation, last year, Europe gave chase at 14, according to research from CB Insights. These include […]