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MPM Closes Fund IV

MPM Capital has closed its fourth venture capital fund with $550 million in capital commitments. Limited partners include GE Healthcare Financial Services, Itochu, the Kauffman Foundation, Scottish Widows Investment Partnership, AlpInvest, Dow Employees' Pension Plan, Skandia and Union Carbide Employees' Pension Plan. Atlantic-Pacific Capital served as placement agent. www.mpmcapital.com