TLCom Capital's TIDE Africa II has raised $154 million to make early-stage investments in start-ups based in Africa.
The late-stage software investor managed to produce three exits in four weeks to end Q1 2024 even as exits via traditional routes drop quarter-on-quarter.
Chevron Technology Ventures, SOSV and Wellington Management closed on new climate-focused venture capital funds this week.
'We did have indications that the fundraise could close at over $400 million right up until the crash of Silicon Valley Bank in March of 2023,' says founder Sean O’Sullivan.
Fund IV, which closed on $60m, listed a target of $100m in a regulatory filing when it began fundraising in June 2022.
Andreessen Horowitz has closed on $7.2bn for multiple funds, including $3.75bn for growth investments.
In part eight of his series on venture debt, Zack Ellison from Applied Real Intelligence dispels five common myths about venture debt.
Lakestar's fourth early-stage fund, which was seeking €250m, closed on €280m, while its second growth vehicle closed on €320m after targeting €750m.
New York State Common Retirement Fund has disclosed that it committed $150m to B Capital’s second opportunities fund, which closed on $754m in March.
LPs in Fund II, which is targeting €200m, include returning LPs Fonds National d’Amorçage 2 and former Berkshire Partners managing director Bradley Bloom.