Renaissance Venture Capital Fund, a US-based venture capital fund of funds, closed its third fund at $81m yesterday with commitments from several unnamed universities.
The limited partners also included utility DTE Energy, which supplied $10m, insurance providers AAA Michigan, Blue Cross Blue Shield of Michigan and Burns & Wilcox, as well as furniture company La-Z-Boy and retail chain Meijer.
They were joined by unnamed foundations and pension funds. All of the corporates are headquartered in Michigan, the key focus area…
