The IP Group-owned fund management unit closed three university funds targeting Cambridge, Oxford and Bristol-linked companies last year.

Parkwalk Advisors, the fund management arm of UK-based commercialisation firm IP Group, invested a total of £64m ($81.7m at end of 2018) across 58 funding rounds in 2018, down from the $105.3m committed to its portfolio companies the previous year.
The unit’s portfolio secured more than $319m of capital last year, a year-on-year decrease from $337.6m in converted dollar terms, though on par at approximately £250m when denominated in British pound.
Parkwalk Advisors closed a trio of university venture funds during 2018 – University of Cambridge Enterprise Fund (UCEF) VI, University of Oxford Enterprise Fund IV and University of Bristol Enterprise II. All three vehicles channel private investment into university-linked companies including spinouts based on academic research.
Formed in 2009, Parkwalk Advisors runs spinout-focused investment vehicles which often benefit from UK venture capital tax allowances. The unit was acquired by IP Group for an initial consideration of $12.4m…

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