The vehicle, which is of undisclosed size, has made genetic sequencing developer Oxford Nanospore its first investment.

UK-based commercialisation firm IP Group has teamed up with pension investment fund Hostplus to launch an Australia-based investment vehicle called IP Group Hostplus Innovation Fund targeting life sciences and technology businesses.

The news emerged in an announcement from law firm Corrs Chambers Westgarth, which advised IP Group on what is its first institutional investment mandate in Australia.

Despite the Australian focus, IP Group Hostplus Innovation Fund’s first portfolio company is Oxford Nanopore Technologies, a genetic sequencing technology spinout from University…