Practica Capital, a Lithuanian venture capital firm, has closed its third fund at a hard-cap of €80m.
To generate liquidity for limited partners in its first fund, Primary Venture Partners has completed a $95 million secondary strip sale to StepStone Group, Venture Capital Journal has learned.
NMSIC committed $10m to Next Frontier Capital's fourth fund, which is targeting $125m to invest in B2B tech companies in the Rocky Mountain region.
ArcTern closed on $335m for its third climate-focused fund, including a $25m commitment from Canadian Pension Plan Investments.
Firm founder Jason Howard says New Catalyst Strategic Partners plans to initially do seven to 10 deals, with investments between $60 million and $75 million or more.
Liquidity from the system’s PE portfolio dropped off over the past two years.
Christopher Ailman, one of the longest serving public CIOs in the US, has been instrumental in growing the pension’s private markets portfolio and continues to shine a light on sustainability and ESG.
The VC unit will consider re-opening JP Fund I to test international appetites before launching its second Japanese fund of funds later this year, PEI understands.
'Given that we don’t think the fundraising pace is going to pick up dramatically in 2024, then we will continue to take our time to ensure we’re backing the right partners while getting appropriate terms – and we’ll weigh our options if that’s what is required.'
Hiroki Takai, Meredith Tibbals, Amanda Way and Kevin Zhang are among the 40 Rising Stars under the age of 40 in Venture Capital Journal's fifth consecutive list.