IP Group has set up a joint venture with China Everbright that will invest in Chinese subsidiaries of the commercialisation firm’s portfolio through a $235m-target fund.

The institution has committed $40m to Chengwei Ventures Evergreen Fund LP and $55m to two Eclipse Ventures funds.

Imec's venture capital arm has received $36.7m in capital from the Flemish government for its sophomore fund.

Western Michigan University-linked investment firm Sleeping Giant Capital has raised $21m for the first close of its fund which has a $50m target.

University of Tokyo Edge Capital is seeking up to $275m for its fifth venture capital fund.

Blue Square Discoveries will involve Deerfield providing funding and business support to researchers at Baylor College of Medicine in the latest such partnership for the investment firm.

University of Rochester and Grinnell College were among the LPs in the venture firm’s latest vehicle, which had a $100m target.

Atlantic Bridge has launched the University Bridge Fund II, with University College Cork joining existing partners Trinity College Dublin and University College Dublin.

The venture fund, focused on companies out of MIT, Harvard and Rochester, has collected more than $191m on its way to a $325m target.

Evotec has partnered Bristol-Myers Squibb to launch another Bridge programme, this time focusing on the universities of Birmingham, Dundee, Edinburgh and Nottingham.