Briefs

Tenaska Capital Management, an affiliate of Tenaska Energy Inc., has closed its Tenaska Power Fund with $838 million in commitments. The fund will acquire energy and power companies and assets in the United States, and already acquired two facilities. The fund’s LPs include a variety of institutional investors from the United States, Canada and Europe.

Last week, the University of Pittsburgh unveiled its Radio Frequency Identification Center of Excellence, which will enable the school to expand its RFID research. Initial funding for the center will be provided by the School of Engineering, and future research support will be provided by grants and contracts from companies and governmental agencies, the university said.

Highland Capital Partners is looking to raise $800 million for its eighth venture capital fund. The Lexington, Mass.-based firm also raised around $800 million for its previous fund, and is stage-agnostic so long as it is participating in a company’s first institutional round of funding.

Wolfgang Reichenberger is stepping down from his CFO post with Nestle SA to create a corporate investment program focused on promising businesses in science and nutrition. The vehicle will be called the Nestle Growth Fund and is being capitalized with $600 million from Nestle. Reichenberger will partner in the fund formation and management with Gunnar Weikert, founder and chairman of Inventages Venture Capital Investments Inc.