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Venture capital firm 33East has successfully closed a €26 million fund aimed at supporting startups in Cyprus. The fund will focus on innovative pre-seed and seed companies, providing essential financial backing to foster local entrepreneurship. The initiative is backed by the European Investment Fund (EIF) and the Government of Cyprus through the Cyprus Equity Fund. The fund's establishment is expected to enhance the startup ecosystem in the region, offering new opportunities for growth and development.
GCM Grosvenor has raised nearly $800 million for a debut fund to back emerging managers. via @mjarmental @WSJ #PrivateEquity https://t.co/iAWE4mMkJK
Francisco Partners has raised a $3.3 billion private-credit fund to back growth companies and refinancing deals via @isctatlor1091 @WSJ #PrivateCredit https://t.co/dBw7S5SaJ2
US VC firm Insight Partners racks in $12.5bn for new flagship fund https://t.co/kvKVvGtiMH via @Opalesque #VC
