Elan Microelectronics has contributed to a $290m fund raised by Vertex Ventures that has so far invested 10% of its capital in markets including Southeast Asia.

Limited partners including Cisco Investments and Shell have helped McRock Fund II achieve a $60.9m close, putting it 80% of the way to its target.

The corporate has already backed Kaszek Ventures and Valor Capital, but plans to supply cash for up to 10 venture firms in connection with its $5bn Latin America fund.

Children’s Minnesota has backed the first close of 4Bio Ventures II, a $150m venture fund that will focus on areas such as cell and gene therapy.

Sompo, Mitsubishi UFJ Trust, Kansai Electric Power, Suzuyo, NEC, Bridgestone, Yamaha Motor and Lion are among the LPs that contributed to Global Catalyst Partners Japan’s $75.4m fund.

Norwest Venture Partners alumni Amit Garg and Sanjay Rao have formed a venture firm called Tau Ventures, Garg having also spent time at Samsung Next.

Kuehne + Nagel and Temasek's joint investment venture has launched with its first fund, to back logistics and supply chain technology startups.

Venture capital firm Fireside Ventures has received a commitment from L'Oreal for its second fund, which has targeted $100m for a final close.

Visa and Prudential contributed to a $23m co-investment fund that was launched by Accion Venture Lab alongside $10m more from Accion.

Taiwan Life has provided capital for Bessemer Venture Partners' Century Fund, one of a range of fund investments it has made in 2019.