Pravati Capital, a litigation specialist and consulting firm, has launched its fifth investment fund, Pravati Investment Fund V (Fund V), with USD200 million.
Launches & Fundraising
Industry Ventures an investment firm focused on the venture capital market, has held the final closing of Industry Ventures Direct II, with total commitments of USD180 million.
UK-focused primary buyout specialist Kester Capital has closed its latest fund, Kester Capital II, at its hard cap of GBP90 million within a nine month fundraising period.
Carey Olsen's corporate team in Guernsey has advised Tembo Capital (Tembo) on the launch of its latest fund, Tembo Capital Mining Fund III (Tembo Fund III), which has a fundraising target of USD300 million.
Fund administration, capital markets, corporate and fiduciary services specialist Ocorian has assisted Pacific Equity Partners (PEP) in the closing of its 6th Core Fund (Fund VI), with AUD2.5 billion of commitments.
North East university partnership Northern Accelerator is launching a new GBP1.7 million Seed Investment Fund that aims to grow the region’s economy, building on its successful record of creating innovative spin-out businesses.
Ocean Avenue Capital Partners (OACP) has completed fundraising for Ocean Avenue Fund IV. The Fund had a USD300 million target and received limited partner commitments at its hard cap of USD350 million.
AlbionVC managed UCL Technology Fund, in collaboration with UCL Business, has held the first close of Fund 2, with a GBP100 million target.
Vitruvian Partners (Vitruvian) has closed Vitruvian Investment Partnership IV (VIP IV) at its hard cap of EUR4.0 billion. The hard cap was reached in under three months from formal launch of the fundraising.
Swiss impact investment manager BlueOrchard Finance Ltd (BlueOrchard) has held the final close of the InsuResilience Investment Fund (IIF) Private Equity Sub-Fund, an initiative to improve access to climate insurance across the developing world.