Venture
ITALY - SICI launches new fund
Sviluppo Imprese Centro Italia (SICI) has launched Toscana Innovazione, a new €44m fund subscribed to by the financial institution of the Tuscan Region and the Cameral System.
SPAIN - Nauta reaches first close at EUR 50m
Nauta Capital has reached a first closing of its third fund on EUR 50m. A second closing on the target of EUR 100m is expected in the coming months.
UK - PROfounders Capital holds first close of new venture fund
London-based PROfounders Capital has held a first close of its inaugural VC fund. No financial details were disclosed.
FINLAND - CapMan Public Market Fund holds final close at EUR 138m
CapMan has held a final close of its Public Market Fund on EUR 138m. CapMan plc's own commitments are reduced from EUR 15m to EUR 7m.
ITALY - Xenon PE holds first close at EUR 113m
Xenon Private Equity has held a first close of its fifth fund, reaching EUR 113m towards a EUR 130m target.
FRANCE - EdRIP holds first close of Winch Capital 2 on EUR 175m
Edmond de Rothschild Investment Partners (EdRIP) has held a first close of its new fund, Winch Capital 2, on EUR 175m.
ITALY - Arca reaches first closing of third fund on EUR 70m
It is understood that Arca Impresa Gestioni has reached the first closing of its vehicle Arca Impresa TRE on EUR 70m. The fund is targeting targets EUR 200m.
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at £90m (EUR 105m).
NETHERLANDS - Holland Venture launches EUR 70m fund
Holland Venture Partners has set up NPE Holland Venture Partners Fund I, a EUR 70m fund sponsored by Natixis Private Equity.
SPAIN - Diana to launch second fund
According to reports Diana Capital is close to launching its second fund, having fully investing its first EUR 70m vehicle.
RUSSIA - UFG holds first close of second fund on $150m
UFG Asset Management has held a first closing of its second Russia-focused private equity fund, UFG Private Equity Fund II, on $150m.
UK - Albion Ventures launches £25m share issue for VCT fund
Albion Ventures, formerly Close Ventures before spinning out of Close Brothers in January, intends to launch a new share issue this autumn to raise £25m for its Albion Development VCT.
ITALY - Montezemolo launches EUR 350m second fund
Montezemolo & Partners SGR has launched its second private equity fund, Charme II, which is targeting EUR 350m.
HUNGARY - Launch of EUR 100m SME fund for CEE
ELAN SBI Capital Partners, an arm of Japanese financial services business SBI, and MFB Invest, the investment banking arm of the Hungarian Development Bank, have launched SBI Europe Fund, a EUR 100m vehicle designed to invest in small- and medium-sized...
UK - Cambridge Discovery Fund raises £1m
The new University of Cambridge Discovery Fund, designed to provide researchers with pre-licence, pre-seed or seed funding for high-tech ventures, has raised £1m of its £5m target.
EUROPE - Skype founders to raise new venture fund
According to reports, Atominco Ventures, the investment vehicle of Skype co-founders Niklas Zennström and Janus Friis, is raising a new USD 266m fund.
CIS - EBRD may back Dragon’s Virgin Fund
The European Bank for Reconstruction & Development (EBRD), the largest investor in Central & Eastern Europe, may invest up to $30m in the Europe Virgin Fund, a vehicle sponsored by Dragon Capital to invest in FMCG, retail, industrials, telecom, media,...