The sale has increased Electra’s Net Asset Value per ordinary share by 13 pence since the most recent valuation of £15.5m on 30 September 2000.
The investment will be used to develop Possio’s wireless products and applications.
The fund has been set up to help companies looking for alternative sources of debt financing.
Medicover, known previously as Oresa Ventures, has confirmed its plan to focus on healthcare and exit other investments.
The two companies have acquired Deutsche Telekom’s remaining broadband cable assets in Germany.
It is believed that the new fund could raise as much as $4bn.
The pension fund's losses were mainly from its public equity investments but it was boosted by the performance of real estate, bonds and alternative investments, such as private equity.
InCentive Capital made a takeover offer for Sulzer AG on Monday but today the Sulzer board recommended a rejection of that offer saying ‘it does not offer sufficient value to our shareholders’.
A new venture capital trust has been set up to invest in technologies which have been developed in the research laboratories of four UK universities.
Former business partners Hugh Osmond, chief executive of Punch Taverns, and Luke Johnson, owner of Belgo restaurants, are heading the teams racing to buy Whitbread's pubs.