Cambridge Associates has launched a Mission Investing Group for its clients, which will focus on such areas as community development and climate change. It is being advised by members of the “2% for Mission Campaign,” which encourages foundations to invest at least 2% of their assets
TLcom Capital, a London-based venture capital firm, has held a first close for its second fund, in excess of EUR 50 million. The fund target is EUR 150 million, and follows a EUR 138 million debut fund that closed in late 2000. Limited partners include Access Capital Partners, European Investment Fund, IDeA Alternative Investments and […]
Target Partners, a Munich-based venture capital firm, has held a EUR 61.5 million first close on its second fund. The fund target is EUR 120 million. Limited partners include Morgan Stanley, LGT Capital Partners, Bayerische Beamten Lebensversicherung, RWB RenditeWertBeteiligungen AG and CS Strategic Partners. The firm's debut fund closed on EUR 112 million in 2000. […]
SellPoint Inc., a Pleasanton, Calif.-based provider of on-demand video product tours, has raised $7 million in Series C funding. Granite Ventures led the round, and was joined by return backer Menlo Ventures. PRESS RELEASE SellPoint, Inc., the leading provider of on-demand video product tours, announced today that it has secured $7 million in […]
Clarus Ventures has closed its second fund with $660 million in limited partner commitments. The Boston-based VC firm focuses on life sciences opportunities, and spun out of MPM Capital in 2005. PRESS RELEASE Clarus Ventures, LLC (“Clarus Ventures”), a leading life sciences venture capital firm, announced today the single close of Clarus Lifesciences II, […]
Adconion Media Group, a Germany-based online advertising network, has raised EUR 40.9 million (US$80m) in Series C funding. Index Ventures led the round, and was joined by return backer Wellington Partners. PRESS RELEASE Adconion Media Group, Munich, one of the world's fastest growing online advertising networks, has announced a
Candover Investment PLC has appointed Jamie Paton to lead the firm's expansion efforts in Asia. Initially, Paton will be based in Hong Kong while he is evaluating options in the region. Candover Investments plans to open its first Asian office, according to AltAssets. www.candover.com
Five Elms Capital, has completed a first close of $14 million in capital commitments. The investment team is led by Fred Coulson, former senior investment professional at TH Lee Putnam Ventures. Five Elms expects to finish fundraising in the second quarter and is targeting $20 million in capital commitments. www.fiveelms.com
Warburg Pincus has effectively completed marketing efforts for its newest vehicle and anticipates having a final close on the fund soon, said a person familiar with the endeavor. The New York-based firm began marketing the fund, Warburg Pincus Private Equity Fund X LP, in May 2007, with a $12 billion target. After two interim closings, […]
Mobile Mini Inc. (Nasdaq: MINI), a Tempe, Ariz.-based provider of portable storage solutions, has signed a definitive agreement to merge with Mobile Storage Group Inc., a Glendale, Calif.-based provider of portable storage. The transaction is valued at about $701.5 million. Mobile Storage Group, which will assume senior roles with the combined organization, is majority owned […]