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…

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