Jerusalem Venture Partners (JVP) has announced the interim closing of its largest fund, JVP IV, with $350m in commitments. The new fund targets early-stage communications and Internet infrastructure companies.
Contrary to slowing venture capital trends, JVP has maintained a steady investment pace, resulting in a 68% increase in capital invested in the first half of 2001 over the same period last year.
Through JVP IV, we're creating a new model for international venture capital investing. This model utilises a cohesive team approach to investing that leverages our past experience of growing international markets for Israeli companies, of partnering with local investors to enable larger rounds of financing, and of effectively supporting our entrepreneurs across three continents, said Erel Margalit, JVP founder and managing partner.
JVP IV's limited partners make up a global network of strategic partners, institutional investors and financial institutions including France Telecom, Infineon and Boeing.
By Janet Du Chenne
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.