Funds & Finance

Gilmore to join NZ Super following Future Fund departure
Stephen Gilmore will take up his new role as chief investment officer in March 2019.
EIB backs NTR’s $1.4bn renewable energy fund
The Irish business has secured the investment for its Renewable Energy Income Fund II.
Bitfury joins Plekhanov university for blockchain accelerator
Plekhanov Russian University of Economics and Bitfury will pilot the program with Russian government funding in the latest of a series of blockchain-related projects announced by higher education institutions.
Moghalu promises $2.8bn venture capital fund in Nigerian elections
The former Central Bank of Nigeria deputy governor bemoaned the lack of startup finance in the country.
TandemLaunch in line for $5m from Canada’s VCCI
The Montreal-based accelerator works closely with electronics companies and research organisations.
CIC joins Japanese banks for $1.8bn fund
Nomura Holdings, Daiwa Securities, Mitsubishi UFJ, Sumitomo Mitsui Financial and Mizuho Financial will aim to raise up to $1.78bn for the fund, in partnership with China Investment Corporation.
Brightlands Agrifood Ventures harvests $22.7m
The fund will invest in agritech companies connected to Brightlands, an ecosystem backed by the provincial government of Limburg.
Saudi Arabia joins Russia-China fund with $500m injection
The investment, made by the Saudi Public Investment Fund, heralds the start of a trilateral agreement.

News Continued

EIF helps Ananda close its $50m third fund
The impact venture capital firm’s new fund will focus on technology startups across Europe.
Xuzhou and SummitView collaborate on $433m fund
The new vehicle will focus on investment in the Internet-of-Things sector.
Opic launches VC platform
The American federal agency is targeting later-stage venture funds in developing markets.
Forbion closes $410m fourth fund with institutional help
The fund closed well above its original target.
Alaska Permanent commits $564m
Alaska's state-owned pension scheme is planning to invest in a range of funds.
Pi Ventures announces final close of $31m debut fund
The Indian investor has received support from the UK.

Editor's Picks

Main Sequence rearranges fund to $167m
University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the Csiro Innovation Fund, bringing its total to $167m.
JD.com joins efforts to raise $5.8bn fund
The e-commerce firm has joined Sequoia Capital China and the state-owned China Reform Holdings for a late-stage fund with a $5.8bn target.
New Oriental enrols corporates in $220m fund
New Oriental Education and Technology will invest in education-focused startups through a fund backed by fellow corporates 51Job and Sunlands Education.
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