The fund will act as a successor to the Ulster Bank Diageo Venture Fund, though it is not clear whether Diageo or Ulster Bank will put capital into the new vehicle.
South Africa-based asset management firm Investec is aiming to launch a €75m ($85m) venture capital fund aimed at early-stage startups based in Ireland, the Irish Times reported on Monday.
The fund will act as a successor to the €75m Ulster Bank Diageo Venture Fund, which was established in 2008 and is set to wind down next year. It is unclear whether beverage company Diageo or financial services firm Ulster Bank will back the new fund.
Investec is reportedly seeking investment…
