HCAP Partners has held the final close of its second SBIC fund, HCAP Partners V, which was oversubscribed with total capital commitments of $353 million including anticipated leverage from the SBA, exceeding the initial fundraising target by over forty per cent.  Operating as a US Small Business Administration SBIC (Small Business Investment Company), the Fund will continue the firm’s strategy of investing in underserved businesses in the lower middle market and implementing the Gainful Jobs Approach, its platform designed to measure and improve job quality standards across its portfolio. More than twice the size of its predecessor fund, HCAP Partners

Two Sigma Ventures has closed two venture funds with a combined $400 million in capital commitments. Two Sigma Ventures IV (TSV IV) will invest in early-stage startups, and Two Sigma Ventures Opportunity Fund II (TSV Opps II) will invest in growth-stage companies.  Approximately 85% of the new capital comes from external investors, primarily institutions such as college endowments, non-profit foundations, pension funds, and hospital systems, with the remainder of the capital coming from Two Sigma’s partners and senior employees. Two Sigma Ventures invests across many industries including enterprise SaaS, fintech, techbio, consumer tech, crypto and defi, and more. The business

Madrona has raised $690 million across two oversubscribed venture capital funds for technology startups based in the Pacific Northwest and beyond  – $430 million for the Madrona Fund 9 and $260 million for the Acceleration Fund 3. These funds represent an almost 40% increase from the $500 million Madrona raised in 2020, and the firm will continue to initially invest in technology startups at pre-seed through Series C stages. Madrona Fund 9 will focus on its enduring strategy of supporting Pacific Northwest-based pre-seed, seed, and Series A founders to help them build and scale throughout their company journey. Historically, over 80%

North Island Ventures, a crypto-focused investment firm, has closed NIV Fund II with $125 million in capital commitments. The new fund will aim to make 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols, with initial investments ranging from $250,000 to $3 million. NIV Fund II is North Island Ventures’ second new investment vehicle within the past year, bringing the firm’s total assets under management to approximately $300 million.  These funds will support investments in Web3 infrastructure and applications spanning multiple layers, verticals, and use cases, across DeFi, NFTs, digital identity, blockchain cybersecurity, cross-chain interoperability, DeSci, and more.  

SER Capital Partners (SER), a private investment firm dedicated to sustainability, has held the final closing of its SER Capital Partners I, LP and affiliated vehicles with $475 million in capital commitments. The fundraise exceeded SER’s stated target with the support of aligned and well-capitalised limited partners that include a diverse group of leading endowments, state pensions, insurers, health systems and family offices. \SER invests and enhances value in businesses positioned to meet the growing demand for economic and sustainable assets, products, and services across North America. SER is led by four partners – Rahul Advani, Sara Graziano, Christopher Smith

SWEN Capital Partners, a specialist in responsible private equity investments, has held the final close for the third vintage of its Innovative Territories fund range, dedicated to supporting growing French SME and mid-market firms.  Boasting €150 million of investment capacity, this vehicle is consistent with prior vintages and will focus on financing in regional France, on innovation and on innovative management (impact investing, sector-focus funds and funds dedicated to the energy transition).     In line with previous vintages, Territoires Innovants 3 (TI 3) plans to invest in French SMEs across all sectors, with a focus on the environment, diversity,

Northzone has raised in excess of €1 billion in new capital commitments for what is the firm’s targets fundraising to date and one of the largest venture capital funds raised in Europe so far this year.