Venture Capital firms invested USD77m over 17 deals in India during the three months ending September 2009, according to a study by Venture Intelligence in partnership with the Global India Venture Capital Association. The amount invested during the period was significantly lower compared to the same quarter in 2008 (which

The Rainbow Seed Fund, a fund investing in early stage technology companies, says five of its investments raised over GBP22m over the summer. The Rainbow Seed Fund is a GBP10m independently managed seed capital fund dedicated to investing in technologies from its publicly funded research base of ten partners who

Société Générale Asset Management has acquired a 34 per cent shareholding in Opalia Pharma, a generic pharmaceutical company based in Tunisia, by SGAM AI Kantara. The fund will also provide EUR2m of new funding to support the growth of the business.  The Kantara Fund will be represented by three directors

Sometrics, which helps developers and brands monetize the social web, has closed a series B round of financing led by Steamboat Ventures. Concurrent with the investment, Beau Laskey, a managing director at Steamboat Ventures, has joined Sometrics’ board of directors. Original investors, including the Mail Room Fund and Greycroft Partners,

American Capital has completed the sale of its portfolio company Imperial Supplies to W.W. Grainger. American Capital received USD66m in proceeds and realised a loss of USD5m during the fourth quarter from the transaction, subject to post-closing adjustments. Its compounded annual rate of return, including interest, dividends and fees earned

Emerging markets registered a decline in both new capital commitments and private equity investment activity during the first six months of 2009, but captured a larger share of global private equity activity than ever before.   A total of 84 emerging market funds raised USD16 billion through June, down 55%

PPF Partners has acquired a 40% stake in Energy and Industrial Holding (EP Holding) for an undisclosed sum. EP Holding is a new group of energy and industrial companies spun off from Czech investment firm J&T Group. The shareholding structure of the newly formed EP Holding has also been finalised

SEI’s private equity business has more than doubled in the past 18 months, as more firms adopt operational outsourcing to focus resources on core business functions. New clients include private equity funds from Hamilton Lane and Garrison Capital Management, among others, and SEI’s private equity business now totals more than