Anil Hansjee had previously spent five years to April at PayPal Ventures.

Michael Dolbec had been executive managing director for GE Ventures, the corporate venturing unit of industrial conglomerate General Electric, since late 2012.

Aliza Reisner joined Axa in March last year after an analyst role at Altman Vilandrie.

Chuanghong Fund’s first close included corporate LPs Century Golden Resources Group, Country Garden, Joyoung and Hunan TV & Broadcast Intermediary.

Sompo Holdings, Dai-ichi Life and Sumitomo Mitsui Trust Holdings have all backed MPower Partners' inaugural vehicle, which has a $150m target.

PayPal is one of 99 limited partners to have committed to the debut fund for the black entrepreneur-focused venture capital firm.

A total of 11 early-stage venture capital funds run by members of the black and Latinx community have secured part of $50m of commitments from PayPal.

Banco do Brasil, Lenovo, Multilaser, Motorola and Telefónica have committed to a $45m joint venture fund established by Qualcomm, Indicator Capital and BNDES.

Legend Holdings’s venture capital spinout has executed a secondary transaction to close its healthtech-oriented vehicle, LC Healthcare Continued Fund.