Data Collective collects $177.5 mln for fourth fund

By Alastair Goldfisher — 2 days ago

Big data investor Data Collective has raised $177.45 million in commitments for its fourth fund, according to a regulatory filing. The fund is about 20 percent larger than its third fund, which raised $148.4 million and closed in 2014, according to Thomson Reuters. The fourth fund was initially targeted at $155 million, according to a regulatory filing from March.

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EQT Ventures Fund closes at $633.3 mln

By Luisa Beltran — 3 days ago

EQT Ventures said May 26 its multi-stage venture capital pool closed at 566 million euros ($633.3 million). EQT Ventures Fund will invest in tech-enabled companies across Europe throughout all stages of growth. EQT Partners has contributed approximately 10 percent of committed capital to the fund.

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Lime Rock Fund IV closes at $754 mln

By Luisa Beltran — 3 days ago

Lime Rock said May 25 that its fourth fund closed with $754 million in commitments. Lime Rock Resources IV will seek to acquire, improve, and directly operate producing oil and gas properties in the United States. The prior Lime Rock Resources fund collected $750 million in 2013. Morgan, Lewis & Bockius LLP served as fund counsel.

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OrbiMed Fund II raises $307 mln

By Luisa Beltran — 5 days ago

OrbiMed said May 23 that it second Israel-focused VC fund closed with about $307 million in capital commitments. OrbiMed Israel Partners II will target all stages and sectors of the healthcare industry, with a focus on biopharmaceuticals, digital health, medical devices, and diagnostics companies in Israel. Where appropriate, Israel Partners II may co-invest with OrbiMed’s global private equity team.

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Pennington Partners launches as multi-family office

By Luisa Beltran — 6 days ago

Pennington Partners & Co has launched as a multi-family office that will provide advisory services to successful families who have built wealth through privately held businesses and real estate. Services include advising successful families who have built wealth through privately held businesses and real estate. Brian Gaister, formerly of Merrill Lynch and Morgan Stanley, and Rodd Macklin, with several years of experience as a CFO in the financial services industry, helped form Pennington Partners.

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Geodesic raises maiden fund of $335 mln

By Mark Boslet — 2 weeks ago

Geodesic Capital said it raised a maiden fund of $335 million, according to a press release. The firm was co-founded by former ambassador to Japan John V. Roos, previously CEO of Wilson Sonsini Goodrich & Rosati, and Ashvin Bachireddy, a former growth stage partner at Andreessen Horowitz, the press release said.

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