Funding
Connecticut OKs 2nd Hedge Fund Aid Package
To save its economy, Connecticut approves aid package for its 2nd hedge fund which will grant benefits to the people and the current industry.
Tech Billionaire Commences Late-Stage Life Science VC Fund
An entrepreneur who made his fortune building a $14 billion tech company is setting up a life science venture capital fund. The Israel-focused fund will target maturing life science startups with a view to helping companies grow into the next Teva ($TEVA) rather than sell up or outlicense their programs.
Spark Capital To End 2 New Funds With $2B
Spark Capital, an early and growth-stage venture firm, has raised a total of$1 billion for two funds, according to a news post. The firm closed $400 million for its fifth venture fund and $600 million for its second growth fund. Investors included foundations and university endowments.
Saudi Fund Eyes Overseas Deals Exploration
The Kingdom of Saudi Arabia's sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter.