The firm said it hopes the Empowerment Fund will be a catalyst to change that equation.
Accolade managing partner Joelle Kayden said, “The Accolade team is passionate about investing in thought leaders who are launching funds to back a diverse set of founders and invest in technologies that can change the world and also drive strong returns.
“Building more inclusive businesses is a priority for executives and a necessity to attract talent.
“We believe Accolade’s managers will have a compelling advantage in winning competitive deals.”
Accolade has raised $2.9bn of capital across a string of VC and growth fund of fund vehicles since it was founded in 2000.
Oil Search seeking beneficial outcome with PPL for 40MW PNG Biomass and Solar Farm – EMTV Online emtv.com.pg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from emtv.com.pg Daily Mail and Mail on Sunday newspapers.
Oil Search has received a notice of termination from PNG Power Limited concerning a PPA for the PNG Biomass and Solar Farm project in Papua New Guinea.
The firm outdid even that total thanks to backing from investors including the European Investment Fund, which doubled its initial €30m commitment to become the fund’s largest backer at 27.7%.
Ysios is tapping Fund III to invest in companies developing disruptive therapeutic products and platform technologies, backing seed, early stage and development-stage businesses “at the forefront of the future of medicine”.
About 80% of the YBF 3 investments will target Europe, with a special focus on Spain, while the remainder of the fund will target opportunities in North America.
More than 60% of the portfolio has already been constructed, Ysios said, with eight investments made in the last 12 months by blue-chip European and US investors.
Lower mid-market focused private equity firm Branford Castle Partners has hauled in more than $200m to close its sophomore fundraise, almost doubling the size of its debut investment vehicle.