E.ON’s current venturing team, Future Energy Ventures, has established a new, independent Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF. This launch marks a new chapter for the venturing team in its mission to create a decarbonised future through Europe’s leading energy transition venture fund. E.ON, one of Europe’s largest operators of energy networks and energy-related infrastructure, has committed to be an anchor investor to the Fund. In an important step towards the first closing of the Fund and the venturing team’s planned independent future outside of E.ON, BaFin, Germany’s financial regulator, has granted a license to

Pomona Capital, a global private equity firm specialising in secondaries investing, has raised a combined total of $4 billion across its platform in the past two years.  The firm recently held a final close on its tenth secondaries flagship fund, Pomona Capital X (PC X) with commitments of $2.6 billion.  PC X was oversubscribed and capped, surpassing its target of $2 billion by 30% and is approximately 50% larger than its predecessor fund Pomona Capital IX, which collected nearly $1.8 billion. The fund combined with primaries, co-investment interests and its retail product offering has contributed to the firm’s growth momentum

Conversus, an investment platform designed to expand access to the private markets for high net worth and accredited investors, has launched the Conversus StepStone Private Venture and Growth (CSPRING). CSPRING has begun accepting subscriptions and expects to hold its first closing over the next several months. CSPRING offers individual investors and smaller institutions exposure to venture capital and growth equity in a single investment. As an open architecture solution, CSPRING’s portfolio seeks broad diversification across underlying managers, investment stages, and sectors of the innovation economy. CSPRING will predominantly purchase venture and growth equity fund interests on the secondary market with shorter

Innova Capital has raised over €220 million for the first close of its latest fund – Innova/7 – achieving 60 per cent of the fund’s €350 million target in just 10 months. The vast majority of the capital was committed by existing investors (LPs) of prior funds. Commitments have been made by a global investor base, including commercial investors and international financial institutions. As in the past, Innova will focus on making control investments in companies with enterprise values of EUR 50–150 million, investing equity tickets of EUR 25–40 million. The Innova/7 strategy will be based on two key transaction types

HitecVision has held a final close on the HitecVision New Energy Fund (NEF), oversubscribed at the fund’s hard cap of EUR875 million, exceeding its EUR500 million target. In addition, €175 million in co-investment capital has been raised for Vårgrønn, the fund’s first offshore wind investment, meaning that HitecVision will deploy €1.050 million for its new energy transition strategy. The New Energy Fund is HitecVision’s first non-oil & gas fund, and is defined as an Article 8 (light green) fund under EU’s SFDR. The Fund has already deployed €540 million across three investments in onshore and offshore wind power, district heating with

Financial Venture Studio, a venture capital fund focused on early-stage fintech startups in the US, has held the final close of its second fund with approximately $40 million in commitments from an array of institutional investors, including banks and insurance companies, as well as pension funds, and global fund-of-funds.

Liberty Street Advisors’ Private Shares Fund has increased assets under management to more than $1 billion. The Fund seeks capital appreciation by investing in the equity securities of private, operating, late-stage, growth companies.