The Gates Foundation’s climate venture fund raised $1.25bn for its second vintage in 2021 and $1bn for its first vintage in 2019 from billionaires including Jeff Bezos, Michael Bloomberg, Richard Branson and George Soros.
The New York firm's debut fund had backing from Bain Capital Ventures, Tiger Global and VCs such as Fred Wilson of Union Square Ventures and Hunter Walk and Satya Patel of Homebrew.
Investors in the first close for Yosemite's debut fund include Emerson Collective, The Rockefeller University, Memorial Sloan Kettering Cancer Center and venture capitalist John Doerr.
Guests from PEI Group's 2023 list of influential women in alternatives reflect on the past decade in private markets, and analyze the current challenges facing the industry.
Prime Movers Lab, a Wyoming-based venture capital firm focused on scientific start-ups, has raised $245 million for its third early-stage fund.
Energize Capital, a climate software venture firm, has raised $300m for its second growth fund, bringing its total assets under management to $1.2bn.
Realizations are key this year, even for funds seeking re-ups, according to a recent survey of limited partners.
The UK-based firm has achieved returns ranging from 1.9x to 16.1x for venture-backed companies that generate at least 20 percent of their revenue in the US.
Investors in the new funds include California Public Employees' Retirement System, New Mexico State Investment Council, Alaska Permanent Fund and the Fire and Police Pension Association of Colorado
Luo, who specializes in enterprise software and fintech, joined the firm in 2018 and was made a principal in 2021.