Page 3 - First Close News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The SA SME Fund has announced the first close of its R1 billion Venture Capital Fund of Funds, with R600 million in commitments.

The SA SME Fund announced on Monday that not only has it successfully achieved First Close for its Venture Capital Fund of Funds (VCFoF), but also that it has significantly exceeded its target figure. The SA SME Fund is a collaborative effort between the South African business sector and government and was set up by members of the CEO Initiative. It is intended to help stimulate the country’s economic growth. The VCFoF is intended to be a R1-billion fund. Its First Close was aimed at raising R500-million. In fact, it raised R600-million. The first commitments to venture capital funds sho...

Round13 Capital ("Round13"), a leading Canadian venture and growth-stage investment firm, today announced a successful first close of $200 million for its Round13 Fund III ("Fund III" or "the Fund"). The Fund will invest in a range of venture and...

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia and the US.

Securities and Exchange Board of India has introduced certain amendments to SEBI, 2012 and circulars in relation thereto focused at inter alia prescribing timelines for first closing, distribution waterfall mechanism and foreign investments in Alternative Investment Funds.