The oversubscribed fund has been backed by a range of unnamed insurance companies.

Chernin Group and KKR have jointly set up Emerald Media, which will back entertainment companies in Asia.

China Media Capital has attracted Alibaba and Tencent as investors for its $1.6bn CMC Holdings fund.

Tides could be changing down under as universities anticipate $800m in new funds for university innovation by end of H1 2016.

The conglomerate will launch its Unilever Foundry in the US next month, giving participating startups access to its various brands.

Mastercard and New York Life are among the investors on board DCG, which aims to build the largest portfolio of digital currency companies in the world.

Louis Dreyfus Holding has committed $10m to Nisaba, also backed by private equity firm Bamboo Finance, which will fund agribusinesses in sub-Saharan Africa.

The $395m Deutsche Telekom Strategic Investments unit will take over the activity of the company's T-Venture and Telekom Innovation Pool subsidiaries.