Financial

Erie Strategic Ventures will look to make between three and five investments per year in Erie’s core areas and beyond.

UBS's $200m strategic technology fund has promoted Veronika Kuznetsova to lead its work in the Asia-Pacific region.

Helmerich & Payne and Liberty Energy backed a $138m round for Fervo Energy, and Shandong Weigao helped Jinjiang Electron raise $103m.

SK provided $100m for Atom Power, while MediaTek, Ta Ya, Simplo and Chunghwa Telecom all took part in TXOne Networks’ $70m series B round.

Harel Group took part in DriveNets’ $262m series C round while UBS Next and and Wells Fargo Strategic Capital pumped BigPanda's series E to $210m.

It is an old joke that nuclear fusion power is 30 years away, and always will be. The joke is now looking outdated as the technology finally reaches a stage where investors feel comfortable writing cheques for hundreds of millions of dollars towards its development.

Virgin Group helped its cruise ship spinoff, Virgin Voyages, raise $550m while American Express Ventures lined up two M&A exits.

After 25 years at the bank, Harrie Vollaard is taking a strategy role with Dutch cooperative enterprise Royal Agrifirm Group.

James Loftus, formerly Square's global head of corporate development, has joined PayPal Ventures as managing partner.

Galaxy Digital called off its $1.2bn purchase of BitFury-backed crypto wallet developer BitGo while SK Group helped nuclear technology developer TerraPower raise $750m.

Legend Capital-backed clinical services provider R&G Pharmastudies floated in a $174m initial public offering while several corporates exited Pymetrics in an acquisition by Harver.