Lilly Asia Ventures has secured a $40m commitment for its fifth biosciences fund, LAV Biosciences V, from San Francisco’s city and county pension fund.

Lockheed Martin, SAIC and Maxar Technologies have all become sponsors of a new space-focused accelerator targeting industries including communications, energy and robotics.

An undisclosed endowment has signed up to a $40m cryptocurrency-focused fund managed by Morgan Creek Digital Assets that will make seed-stage and token-based investments.

The Irish private equity investor is reportedly approaching AIG, Goldpoint and Cigna, all of which backed the firm's debut vehicle in 2013, for commitments to its Fund II.

Krungsri Finnovate, formed by the eponymous Thai bank in mid-2017, could be doubled in size to $60m as it looks to increase the size of its investments.

Trive Ventures and the co-working office space operator have launched a Singapore-based incubator to provide working support and space for startups.

The chemicals producer now has a total of more than $280m under management for its corporate venturing activities, having launched its first fund six years ago.

The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.

The airline operator's Redbeat Ventures unit is seeking limited partners for a corporate venturing fund that will be anchored by the corporate.

Bank Mandiri's corporate venturing unit is seeking $50m to $100m for a second fund and is targeting LPs outside the company.