Vertex Ventures raises more than $140 mln for debut fund

Vertex Ventures has raised $140.85 million for its inaugural fund, according to a regulatory filing. The firm, which is located above Antonio’s Nut House in Palo Alto, Calif., was co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies.

China-based Shunwei files to raise $500 mln

Beijing-based venture firm Shunwei Capital Partners has filed to raise $500 million for Shunwei China Internet Opportunity Fund II. The amount listed on the regulatory filing is in U.S. dollars. The firm raised $210 million for its previous Internet Opportunity Fund, which closed in 2014, according to data from Thomson Reuters.


Seattle-based Tola seeks inaugural fund

Seattle-based Tola Capital, which focuses on enterprise software companies, has filed a regulatory document seeking to raise $116.4 million for its inaugural fund, called Tola Ventures. The filing appears to be a continuation of its ongoing fundraising efforts in which it is seeking to raise $150 million for its inaugural fund. Last fall, the firm closed on $33.6 million from 18 investors.


Stone Arch Capital raises $200 mln for third private equity fund

Stone Arch Capital has closed its oversubscribed third private equity fund at a hard cap of $200 million. The target for Stone Arch Capital III was $175 million. According to the firm, it makes equity fundings in lower-middle market companies with revenues that usually average between $20 million and $150 million.


Singulariteam raises $102 mln for second fund

Israel-based Singulariteam has closed its second investment fund at $102 million. The pool’s limited partners include Tencent, Renren and Kenges Rakishev. The fund will focus on making seed investments in startups in a variety of sectors that include fintech, mobile development, robotics, internet of things and traditional internet.

PHD Equity Partners seeking to raise 25 mln pounds for second PE fund

PHD Equity Partners, the fund management arm of the Dow Schofield Watts Group, is launching its second private equity fund. The firm is seeking to raise 25 million pounds for Fund 2. As in the case of its previous fund, Fund 2 will invest in UK businesses that have a valuation of up to 10 million pounds. The initial close of Fund 2 is expected to be in mid-December.

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