Graham Winfrey

The firm is roughly halfway to its $1bn target and recently raised $1.09bn for its seventh fund of funds, which also purchases direct secondary fund interests.

Healthcare investing veteran Bob More has joined the Gates Foundation to help develop a ‘venture capital initiative’ in support of global health.

The firm is more than half way to its $750m target for American Securities Opportunities Fund III.

Distributions in both emerging markets and non-US developed markets were down year-over-year, while US distributions rose to record levels in 2012.

The firm has raised $286m for its Fund II, which has a $200m target and $300m hard-cap.

Caisse de dépôt et placement du Québec’s executive vice president of private equity Normand Provost will retire next year after more than 33 years at the financial institution.

The Canada Pension Plan Investment Board’s entire portfolio generated a 1.1% return during the first quarter of the fiscal year, a ‘relatively turbulent’ period, says CPPIB president and CEO Mark Wiseman.

The Toronto-based firm will commit $1.2bn to its Fund IV, the same amount it contributed to its $4.7bn Fund III, which is nearly 90% invested.

The firm is coming off one of its strongest fundraising periods since 2008, raising $6.9bn in Q2 and $19.7bn during the past 12 months while investing $3.8bn so far this year.

The investment in social media business HootSuite on behalf of OMERS Ventures, Insight Venture Partners and Accel Partners represents the largest-ever Canadian venture capital investment in a software company.