MVision served as placement agent, while limited partners include CDC Enterprises, Industrial & Financial Investments Co., JP Morgan Asset Management, Partners Group and Skandia Life Insurance Co.
Sofinnova Partners raised about $500 million for its fifth fund, which closed in 2005.
The Environmental Innovation Fund will invest in low carbon and clean technology funds and co-investing in companies.
Hermes Private Equity CEO Susan Flynn said in a prepared release that the fund has already identified a number of investment opportunities and “will begin to deploy capital shortly.”
Utah firm raises $35M
Salt Lake City-based
It is unknown how much the firm has raised for its third fund. More than a year ago, PE Week reported that vSpring lowered the target of its third early stage fund to about $200 million and was more than halfway to its target.
The firm’s second early stage fund capped out at $86 million in 2004, but the firm then added a $39.6 million supplemental fund to back some of its most promising portfolio companies from fund II. Separately, vSpring is also shopping a new fund it calls Kickstart Seed Fund. The fund will invest in university spinouts from Utah and New Mexico.
Known LPs include Arizona Public Safety Personnel Retirement System, Canada Pension Plan Investment Board, Merrill Lynch & Co., New Mexico State Investment Council, SVB Financial Group, Wells Fargo & Co. and Zions Bancorporation.
Psilos launches parallel side fund
The firm focuses on health care services, health care IT and medical technology, and especially on companies that can improve health care and lower costs.
Weathergage hopes to reign in second fund
The firm’s first fund had $250 million in commitments and closed in 2007. Cazenave & Co. is the firm’s placement agent.