Hamilton Lane, a $470 billion private-markets investment and advisory firm, has opened an office in Toronto, its first in Canada. The location, the Philadelphia firm’s 16th worldwide, will be run by Mike Woollatt, hired in January as a principal in the fund investments and co-investments team. Woollatt joined from C$97 billion ($73 billion) Canadian pension […]
500 Startups officially set out to raise its fifth main fund, according to a regulatory filing. The filing doesn’t list a target and 500 Startups declined comment. But a source close to the firm said Fund V would be its largest to date. Founded in 2010, the seed-stage investor initially targeted Fund IV at $150 million, according […]
Emerging managers raised more than $3.1 billion from March 27 through April 9. Venture firms were responsible for $886.3 million of that. Fifth Wall Ventures led all venture firms, raising $468 million for its sophomore fund. The firm focuses on using technology solutions for real estate problems. Redmile Group makes venture and growth investments in […]
Below is performance data for the vintage 2005 to 2012 venture-capital funds in the New Mexico Educational Retirement Board portfolio. The figures from the New Mexico LP are current as of September 2018. To download the full version of the spreadsheet below with additional data, click here: Fund Performance, New Mexico Retirement Board, 2005-2012. New Mexico Retirement Board venture […]
Venture capitalists raised $12.8 billion for 141 funds in Q1, notching a fourth straight quarter of strong fundraising in the United States. The first quarter saw major new funds from Technology Crossover Ventures, Flagship Pioneering, Accel Partners, Eclipse Ventures, Menlo Ventures and MPM Capital. It also saw enthusiasm for the asset class remain at a […]
Early-stage investor Defy Partners closed its sophomore fund at an oversubscribed $262 million, nearly 75 percent larger than Fund I. The Woodside, California, firm in late 2017 quietly raised $151 million for its maiden fund to make Series A deals on the West Coast. The majority of its investments are in the Bay Area; Defy […]
OMERS Growth Equity, the growth equity arm of C$97 billion ($73 billion) Canadian pension fund OMERS, is looking to invest in mid-stage companies poised to reshape traditional sectors. OGE, led by Head of Growth Equity Mark Shulgan, hired in 2018 from Canada Pension Plan Investment Board, launched this year as a third pillar of OMERS […]
LiveOak Venture Partners, whose three founding partners all have ties to the former Austin Ventures, closed its second fund at an oversubscribed $105 million. The Austin firm, founded by Partners Ben Scott, Krishna Srinivasan and Venu Shamapant, closed its inaugural fund in 2014 at $109 million. The firm didn’t disclose LPs in its sophomore effort, but […]
Big rounds continued to drive venture capital investing in the first quarter, even as late-stage deal sizes plateaued and private equity firms showed a slowing interest in the asset class. Overall, venture capital investment maintained a strong pace in the period, falling only modestly from an unusually large fourth quarter, according to PitchBook and the […]
AutoTech Ventures, a Menlo Park, California-based firm, has closed a $120 million first fund and according to a regulatory filing, is currently raising a $225 million second fund to invest in transportation disruptors. The firm was founded in 2015 by Managing Directors Alexei Andreev, a physicist and a tenured venture capitalist, and Quin Garcia, a […]