GCV Powerlist mainstay Jon Lauckner has announced his imminent retirement from General Motors after leading the firm's GM Ventures unit for a decade.

Venture capital and private equity dealmaking veteran David Almodovar has joined University of Pittsburgh as managing director of investments.

The conglomerate's corporate venturing subsidiary, set up over a year ago with a $100m investment target, has closed, apparently without striking a deal.

Seasoned tech transfer professional Sean Reeder will become Eastern Illinois University's chief financial officer and vice-president for business affairs.

Losses at the commercialisation firm fell to $105m from $375m as its cash returns exceeded funding commitments for the first time in 13 years.

Harry Rein has been promoted to Allied Minds board chairman in the latest twist in the commercialisation firm’s leadership saga.

Uday Kumar, whose previous spinout iRhythm is trading with a market cap of $2.6bn, has collected $145.6m in a GV-backed round for his latest venture.

Portal Innovations will target biomedical spinouts from across the Midwest under the direction of ex-UChicago innovation veteran John Flavin.

Cambridge Enterprise has named Ajay Chowdhury, managing director of BCG Digital Ventures, chairman of the board.

Ajay Chowdhury has been named chairman of the board at Cambridge Enterprise following Sir Keith O'Nions's five-year tenure.