OncoMethylome Sciences, a venture-backed Belgian life sciences business, has completed a dual listing on the Euronext Brussels and Amsterdam Stock Exchanges. The molecular diagnostics company issued 3,373,334 shares on its IPO at a price of €7.50 per share, raising €25.3m, giving it a market capitalisation of approximately €75.5m. OncoMethylome is backed by ING Belgium (which […]
Climate Change Capital, the renewable energy investor, has closed two more venture capital trusts following the launch of Ventus VCT in 2005. Ventus 2 VCT and Ventus 3 VCT were both launched in January 2006 and closed on May 31 with £22.3m of subscriptions, giving the Ventus funds over £37m under management and making them […]
Gilde Healthcare Partners, the Dutch venture firm, has held a first closing of Gilde Healthcare II (GHC II) on €85m, with a final closing on at least €125m anticipated later in the year. Banks invested 47% of the capital raised so far, with fund-of-funds investing 24%, pension funds 11%, 6% from biotech cross-over funds and […]
Investors are willing to back sub-£2m entrepreneurs
Two of the US’s largest pension funds look likely in the coming months to increase their private equity investments. These are the California Public Employees’ Retirement System (CalPERS), the largest pension fund in the US, and the California State Teachers’ Retirement System (CalSTRS), which ranks second. CalSTRS’s board is due to meet on September 7 […]
The California Public Employees’ Retirement System last week upped its commitment to the Central Valley Fund to $40 million. Previously, in 2004, it agreed to a $10 million commitment. The Valley Fund, which had closed on $80 million in December, targets companies that are at least five years old, booking $5 million to $50 million […]
Settlement talks have broken down between three partners of San Francisco-based venture firm VSP Capital and one of those partners has thrown gasoline on the litigation bonfire. Former VSP Managing Director Matthew Crisp filed a counter complaint June 9 in the Superior Court of San Francisco against VSP General Partners John Hamm and Joanna Rees-Gallanter, […]
Susquehanna International Group (SIG) is planning to enter the U.S. venture capital market. The firm said that it expects to invest about $50 million per year in U.S. venture capital and growth equity deals in technology, financial services, business services and health care services. SIG spokesman Todd Simkin said that the $50 million figure is […]
For years, “globalization” has been the byword of journalists, pundits and Fortune 500 CEOs. While long ago, Columbus told us the world was round, Tom Friedman now boldly proclaims it’s flat. And perhaps that’s helping global investors slide dollars, Euros, yuans and shekels across borders and into attractive businesses across the map. Not to be […]
When Sequoia Capital and Index Ventures bet $10 million on a site that invites children to dress up virtual celebrities and a dozen more top firms begin to spend wildly on avatars, you have to wonder if the venture industry hasn’t gone completely bananas. Since January, VCs have sunk more than $150 million into teen-oriented […]