NIO Capital, a Chinese investment firm focused on decarbonisation and digitalisation, has closed its flagship fund, Eve ONE Fund II at approximately USD400 million. The fund was oversubscribed and quickly surpassed its original target fund size and hard cap. Notably, this Fund has nearly doubled the capital commitments of its predecessor fund, NIO Capital Eve ONE Fund, which held its final closing in 2019. With its comprehensive platform of strategies, NIO Capital supports emerging founders and innovative technologies across the company life cycle. Despite various fundraising limitations and challenges arising from the Covid-19 pandemic, the Fund enjoyed strong support from

Rockets Capital has held the first closingachieved it of its maiden fund with over USD200 million in capital commitments. Led by the strategic anchor investor XPeng Inc, a smart electric vehicle (Smart EV) company in China, the fund raising also attracted a number of institutional investors, such as IDG Capital, eGarden, Sequoia China, 5Y Capital, and GGV Capital. Rockets Capital was established in early 2022 and will focus on venture and growth stage investments in Smart EV industry value chain, clean energy, and frontier technology areas. While operating independently with a market-oriented approach, Rockets Capital will leverage XPeng Inc’s industry

MedTex Ventures has closed its first fund, Biotex Medical Device Fund I, which held its final close on 1 March with USD46.5 million in commitments. The fund will invest in early-stage medical devices, with a focus on Seed and Series A rounds.  Since its initial close in March 2021, the Fund has made investments in ten device companies across various surgical, diagnostic and therapeutic applications. The Fund also offers co-investment opportunities to its limited partners, providing another source of capital for its portfolio companies, and raised USD2.5 million in its first co-invest vehicle last summer.

Elbow Beach Capital, an impact investment company, has launched a venture vehicle with an initial GBP20 million of committed capital, focused on decarbonisation, sustainable energy, and social impact opportunities. Elbow Beach Capital invests in early-stage businesses whose technologies have the potential to solve the planet’s biggest challenges, while simultaneously achieving significant commercial growth. The fund targets long-term value creation, while working with founders and entrepreneurs to accelerate the development and implementation of positive impact technologies.   Elbow Beach Capital will invest across a range of opportunities including: innovative and disruptive technologies which decarbonise supply-chains and create profitable circular economies; sustainable

Asana Partners has held the final close of Asana Partners Fund III, with aggregate equity commitments of USD1.5 billion. A diverse group of institutional investors from North America, Europe, and Asia Pacific made commitments to the Fund, Asana Partners’ fifth and the third in its flagship series of value-add funds focused on acquiring and repositioning mixed-use assets in high-quality urban and near-urban neighboorhoods in the United States.

Frazier Life Sciences has closed Frazier Life Sciences XI (FLS XI), exceeding its target of USD800 million and raising more than USD987 million in capital commitments in an oversubscribed fundraise. FLS XI is Frazier Life Sciences’ fourth venture fund focused on biopharmaceuticals and represents a continuation of the team’s investment strategy of advancing innovative therapeutics through company creation, early-stage venture (Series A and Series B), and crossover and public investing. FLS XI will be led by Managing Partners Patrick Heron and James Topper and General Partner Dan Estes, who have been with Frazier for 24, 20, and 12 years respectively.

Border to Coast Pensions Partnership (Border to Coast), one of the UK’s largest pension pools, has launched a GBP1.4 billion Listed Alternatives Fund, expanding the investment opportunities available to its Partner Funds. The fund provides exposure to a diversified portfolio of investments in sectors such as renewable energy, digital infrastructure, specialist healthcare, real estate, private equity, and alternative credit. These sectors tap into key long-term structural themes. For example, the current portfolio gives investors access to 40GW of wind power and 14GW of solar power to enable the net-zero transition; 160,000 mobile communication towers that look set to benefit from

Antler has closed its East Africa investment fund to continue to support early-stage tech startups in the region. Following strong interest, Antler’s East Africa fund was oversubscribed beyond thitse USD10 million target, closing at USD13.5 million. Leading investors including Baillie Gifford, institutional investors such as IFC and family offices like Canica all supported the fund.   Antler East Africa’s first venture building cohort was launched in August 2019. To date, Antler East Africa has run five full cohorts, totalling 153 founders, and has made 14 investments. Starting March 2022, Antler East Africa is embarking on a new, community-driven platform approach

Yieldstreet, a digital alternative investment platform dedicated to providing access to exclusive private market opportunities, has launched its third art equity fund. Art Equity Fund III will feature a diverse collection of contemporary artists including well-known artists such as Banksy and Takashi Murakami, as well as up-and-coming artists like Amoako Boafo and Mickalene Thomas. Fund III includes globally celebrated artists who are among some of the leaders in the market in liquidity, price momentum, trading volume, institutional support, dealer representation, and popular interest. Yieldstreet launched its first art equity fund in November 2021, followed quickly by its Art Equity Fund