The fund will invest $1m of capital each year in University of Florida spinouts that have already secured the support of one external investor for the round in question.

The payment services provider has reportedly already begun investing out of Saison Capital, which is targeting early-stage deals in India and Southeast Asia.

Payment services firm Lakala is investing more than $42m in the fund and has so far sourced the same amount from two state-backed investors.

Quarterly data report: Q3 2019

Neil Woodford has been removed as investment manager of the Equity Income Fund, which will be wound down by administrator Link Fund Solutions.

Sector analysis: Energy

The Brazil-based educational services firm has reorganised its structure and intends to create a corporate venturing arm called Cogna Ventures next year.

The fund will provide capital for MIT-founded Gingko's own spinouts and has attracted LPs including Viking Global Investors, General Atlantic and Cascade Investment.

The $350m fund will provide capital for Gingko spinoffs and has attracted limited partners including Viking Global Investors, General Atlantic and Cascade Investment.

JR East, Mitsui Sumitomo Insurance, Mitsui Fudosan, Mitsubishi Heavy Industries and Takenaka are among the backers of UTokyo IPC's First Round accelerator.