fund – Karma

Frazier Healthcare Tops Target for Life Sciences Fund, Grabbing $617M on Soaring Biotech Demand

Scarlett Kuang — Thu, 16 Jan 2020 21:07:55 +0000

Frazier Healthcare raised a greater-than-expected $617 million for its latest fund, as private investors’ appetite for healthcare innovation shows no sign of slowing. Frazier Life Sciences X, the company’s third life sciences fund, is slated to invest in biotech products that address unmet needs. It opened with a goal of raising $500 million to $600 million, […]

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Head of Japan’s Biggest Public Fund Says Short Selling Isn’t Compatible With Green Mandate

Margot Habiby — Fri, 13 Dec 2019 19:53:30 +0000

The world’s largest pension fund, Japan’s Government Pension Investment Fund, is getting pushback from a recent decision to throw in its lot with the green, responsible investing crowd. But the fund’s manager insists they aren’t backing down. Hiro Mizuno, the GPIF’s chief investment officer, explained in an interview why the manager of $1.6 trillion is […]

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Magnetar Raising $400 Million for Healthcare Fund as Private Money Piles into Industry

Scarlett Kuang — Fri, 06 Dec 2019 21:19:23 +0000

Magnetar Capital, which has made billions on its energy and infrastructure bets, is joining others who are seeing green lights flashing in healthcare. The $13.4 billion hedge fund is seeking to raise $400 million, Bloomberg reported, citing a person familiar. The Evanston, Illinois-based firm is planning to close the fundraising by mid-2020, and focus on […]

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Portag3 Raises Largest Canadian Fintech Fund Even as Investment in Sector Slows

Bruce Rule — Tue, 03 Dec 2019 20:46:49 +0000

Portag3 Ventures pulled in $321.2 million in closing its second fintech-focused fund, making it the largest Canadian investing pool committed to early development in a sector that saw a decline in interest this year. The fund, which initially raised money last year, already has made investments in 17 companies – among them financial services provider […]

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Green Investing’s Moment? Demand Surges for Clean Energy Ventures’ Fund

Mark Shenk — Thu, 17 Oct 2019 21:44:02 +0000

Green investments, at times shunned and misunderstood by mainstream investors, may be having their moment in the sun. In a latest sign that investors are seeking opportunities to fund companies that mitigate greenhouse gas emissions, Boston-based Clean Energy Ventures raised a greater-than-expected $110 million for its first fund. The company says the fund will invest […]

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Accion’s Venture Lab Announces $33 Million Fund to Expand Inclusive Fintech Investment

Zoë Beery — Mon, 09 Sep 2019 17:47:26 +0000

Kenyan shopkeepers, Chinese farmers and U.S. migrant workers are all vital parts of the global economy. The formal economy, though, has mostly left them behind. According to the most recent edition of the World Bank’s Global Findex, 1.7 billion adults worldwide lack access to financial services. The Findex also found, however, that two-thirds of the […]

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UBS Raises $225 Million for KKR Fund, As Institutions Add to Social Impact Investments

Bruce Rule — Wed, 04 Sep 2019 17:55:51 +0000

UBS raised $225 million from private clients for KKR’s Global Impact fund, the latest example of major financial institutions responding to demand for more social impact investing opportunities. The UBS fundraising is part of its five-year plan to commit $5 billion supporting the United Nations Sustainable Development Goals. The KKR fund invests in businesses that […]

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KKR’s Impact Fund Said to Top $1 Billion on Robust ESG Demand

Ron Day — Thu, 08 Aug 2019 17:27:36 +0000

KKR & Co.’s fundraising for its first Global Impact Fund surpassed its goal, as bets on investments intended to provide a social and environmental benefit surge. KKR is still collecting commitments after surpassing its $1 billion goal, Bloomberg News reported citing a person familiar. The fund has already invested in an Indian recycling firm and […]

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BlackRock Pays $90 Billion Price For Ignoring Its Own Climate Change Rhetoric

Mark Shenk — Mon, 05 Aug 2019 21:29:37 +0000

BlackRock’s fossil fuel investments cost its investors $90 billion in lost value and missed opportunities over the last decade, according to a report that gives support to social impact and sustainable-energy strategies. The world’s biggest asset manager, ignoring its own climate-change rhetoric, eroded the value of its $6.5 trillion funds by betting on fossil-fuel companies […]

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Smartphone Maker ROKiT Launches $50 Million Indie Game Development Fund

Macy Muirhead — Fri, 12 Jul 2019 21:33:36 +0000

ROKiT, maker of 3D smartphones and handheld devices, launched a $50 million development fund to support independent game developers. The fund, ROKiT Games Limited, will invest in both mobile and console titles. Selected companies will be eligible to receive up to a $500,000 investment from ROKiT in exchange for an equity stake in the game. […]

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