Vistara Capital collects $100 mln for debut fund

Vancouver, British Columbia-based Vistara Capital Partners has raised $100 million for its first fund. General Partners Fabio Banducci and Randy Garg committed to 10 percent of the investment for Vistara Capital Partners Fund I LP while 45 limited partners in Canada round out the investor base. The fund will focus on “higher-growth” tech companies and make investments ranging between $5 million and $15 million.


Foresite Capital closes third fund at $450 mln

Healthcare growth equity firm Foresite Capital has raised $450 million for its oversubscribed third fund. Foresite Capital Fund III will focus on healthcare products, technologies and services that have “the potential to significantly improve patient outcomes while decreasing the cost and burden of human disease.” As a result of the closing of this vehicle, Foresite Capital is now managing more than $1 billion in assets.


Expensify launches venture outfit to back fintech startups

Expensify, a provider of expense reporting solutions backed by OpenView Venture Partners, Redpoint Ventures and others, has launched a venture capital unit called Expensify Ventures. The strategic venture outfit will back early-stage companies in fintech, expense management and travel booking. Support for investments is coming from an undisclosed Series C round of funding that the San Francisco-based company raised earlier this year. Expensify Ventures has disclosed its first investment, having backed Piper, a provider of digital receipt solutions.


Deerfield collects $550 mln for healthcare innovations fund

Deerfield Management Company LP has raised $550 million for its healthcare innovations venture fund. The limited partners of Deerfield Healthcare Innovations Fund LP include New York-Presbyterian Hospital, Memorial Sloan Kettering, Seattle Children’s Hospital, the Robert Wood Johnson Foundation, Princeton University and Northwestern University. The fund will focus on backing “groundbreaking advancements in science that may lead to therapeutic interventions in genetic diseases, cancer, and orphan diseases” as well as healthcare technologies.


Ireland Strategic Investment Fund and KKR launch Activate Capital

The Ireland Strategic Investment Fund along with KKR Credit have launched a 500 million Euro(US$551.6 mln) joint venture. The ISIF is contributing €325 million Euros (US$358.6 mln) towards the joint venture while KKR is providing the remaining 175 million Euros (US$193.1 mln). The J.V., called Activate Capital, will focus exclusively on lending to Irish residential development projects. Robert Gallagher, a KKR Director, will be CEO of Activate while Dan O’Connor will be chairman. O’Connor is the former President and Chief Executive Officer of GE Consumer Finance – Europe.


Envision Ventures raises $100 mln VC evergreen fund

Envision Ventures said Monday it closed a $100 million venture capital evergreen fund formed in partnership with Managing Partner Dan Ahn. Mountain View, California-based Envision will invest in software companies in Big Data, Security and Internet of Things. Investments will range between a few hundred thousand dollars up to $10 million.

Village Capital collects $13.2 mln for new fund

Village Capital has raised $13.2 million for its newest fund. The limited partners of VilCap Investments include Jean and Steve Case and The Kapor Center for Social Impact. Founded in 2009, Village Capital “finds, trains, and funds entrepreneurs solving global problems,” according to its website.

Mediterrania Capital Fund II raises $132.9 mln

Mediterrania Capital Partners said Monday that its second growth fund for North Africa closed at its target of 120 million Euros (US$132.9 mln). Mediterrania Capital II will seek growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia, with potential expansion into Africa Sub-Saharan countries. Fund II will invests in small and mid-market companies with an equity value in the €25 million to €400 million range.

Northleaf Capital hits $300 mln hard cap on Venture Catalyst Fund

Northleaf Capital Partners has hit the $300 million hard cap on Northleaf Venture Catalyst Fund. The fund, the first under Canada’s Venture Capita Action Plan, has already deployed about 50 percent of its capital to six venture managers and several direct investments. The final closing includes commitments from Sun Life Financial and high net worth and family office investors.

Notion Capital collects $120 mln for third tech fund

European venture firm Notion Capital has raised $120 million in the first close of its third fund. The target of the fund, which focuses on European cloud computing and Software-as-a-Service companies, is $150 million. The vehicle’s limited partners include family offices, high- net-worth individuals, the European Investment Fund and British Business Bank. Also, the firm has hired Adam Shepherd and Dan O’Toole as associates.

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