Highlights from the past week’s VC Investment Company news.
Arboretum Closes Third Fund with $140 Million
Ann Arbor, MI-based Arboretum Ventures, a venture capital firm specializing in early-stage healthcare investments, today announced the final closing of its third investment fund with capital commitments totaling $140 million, well above the $125 million target for the fund. http://www.xconomy.com/
Riverside Co. Closes SBIC Fund at $137M
Global private equity firm Riverside Co. has closed its second micro-cap fund at $137m. Riverside Micro-Cap Fund II (RMCF II), a small business investment company (SBIC) fund, will focus on investing in companies with under $5m in EBITDA.http://www.finsmes.com/2011/
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