Foresight Group (Foresight), a listed infrastructure and private equity investment manager, has launched a new prospectus for the Foresight Williams Technology EIS Fund (FWT EIS Fund), which is now open for investment again. The Foresight Williams Technology EIS Fund is a collaboration between Foresight Group, the £8.7 billion specialist asset manager, and Williams Advanced Engineering (WAE), a technology and engineering business originally spun out of Williams Formula 1. The concept of the collaboration is that by working together Foresight and WAE can deliver better results for investors than would be the case if either company were working individually. The FWT

Private equity firm DCP Capital, whose backers include Ping An Insurance and Mengniu Dairy, has held the first closing of its second China fund at $2.5 billion, according to a report by Deal Street Asia. CP Capital Partners II, which has a total target of $3 billion, DCP Capital Partners II and has secured capital commitments from both existing and new limited partners (LPs), has reportedly already completed five investments so far. DCP Capital Partners’ predecessor fund, DCP Capital Partners I, was closed in April 2019 alongside the completion of other Chinese yuan funds, with DCP raising the equivalent of

Victory Park Capital (VPC), a global alternative investment firm specialising in private credit, has held the final close for Asset Backed Opportunistic Credit strategy. The fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the fund. The strategy seeks to provide customised credit solutions to established and emerging, asset-rich companies with strong growth trajectory.   Limited partners in the strategy include pension funds, financial institutions, insurance companies, endowments, healthcare services, family offices and other institutional investors. In addition to the limited partner commitments, the Fund has secured a term credit facility to

Paladin Capital Group has held the close of the Paladin Cyber Fund II at $372 million, exceeding its initial target of $250 million. Paladin’s Cyber Fund II is a multi-stage fund focusing on cybersecurity startups that bring innovative technologies to the market.  Greenstone Equity Partners, one of the largest licensed fund placement firm in the Middle East, supported Paladin Capital Group in achieving this fund closure by raising capital from Greenstone’s network of GCC-based investors.   Cyber Fund II will focus on positioning capital across cybersecurity and online safety sectors, with an emphasis on advanced technologies that focus on protecting

McWin has launched the McWin Food Tech Fund, a €250 million strategy that will focus on investing in the agtech industry, with a specific focus on the whole food value chain, according to a report by Agri Investor. The new fund will invest in 15-20 companies using capital commitments secured from institutional investors, family offices and high-net-worth individuals. McWin’s 2021-vintage Food Ecosystem Fund has raised €260 million to date and is on course to close on €300 million in the third quarter of this year.

European life science venture capital firm Forbion has held the first close of the Growth Opp Fund II – which will invest in late-stage European life sciences funds – at €470 million, according to a report by AltAssets. The firm is targeting €500 million in total capital commitments for the fund which is expected to reac its hard cap later this summer. New institutional investors to commit to the fund include the PME and PMT pension funds, plus the Ewing Marion Kauffman Foundation and Reggeborgh, with Pantheon, Wealth Management Partners, and Eli Lilly and Company all reinvesting again.

Carey Olsen and Oakbridge Fund Services (Oakbridge) have supported the Singapore regulated manager Play Ventures on the launch of the Play Future Fund Limited (the Fund). The fund invests in global early-stage pre-seed, seed, Series A and blockchain and metaverse gaming companies and tokens. It was established as a Jersey Private Fund, an increasingly popular route for Singapore fund managers with digital asset focused investment strategies. The Carey Olsen team was led by Jersey corporate partner Chris Griffin and Singapore-based senior associate Susan McKinstray, with further support from senior associate Sophie Hancock.

Sky is anchoring a new £100 million ‘operator-first’ venture capital fund powered by Founders Factory that will champion early-stage entrepreneurs launching planet positive technologies. Hoping to plug the funding gap that exists for seed stage climate startups, Planet Fund offers entrepreneurs Founders Factory’s robust approach to company building with high-conviction capital, execution support and unparalleled network. The new fund will focus on broad sustainability themes including decarbonisation, resource preservation, climate resilience and the circular economy. Sky will support Planet Fund building on decades of successful environmental initiatives including its ongoing net zero commitment – Sky Zero. Sky plans to move

ISF (Israel Secondary Fund) has raised $312 million for its third fund focussed on investments in the Israeli agh-tern market. In 2017, ISF raised its second fund of $100 million and currently manages over half a billion dollars focused on secondary transactions in the Israeli technology market. Several of Israel’s largest institutional investors have committed capital new fund including Migdal Insurance, Altshuler Shaham, Bank Hapoalim, as well as leading institutions, pension funds, endowments and family offices from Europe and the USA.

Bain Capital’s special situations fund for the Asia-Pacific region has closed with capital commitments of $2 billion, in excess of its $1.5 billion target, according to a report by Private Equity Insights. The fund, Bain’s second Asia-focused strategy, will invest in a range of asset types but will have a particular focus on real estate. Barnaby Lyons, one of the investment firm’s managing directors, says Bain now has $5 billion of capital to invest in the region across debt capital structures, structured capital deals, distressed assets, physical assets and growth equity transactions.