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…
