NGP Capital, the global, growth stage investment firm has raised a new venture investment fund of USD400 million from Nokia.
The new fund will invest in promising, growing companies, with a focus on Edge Cloud, Cybersecurity, Digital Industry and Digital Transformation in the US, Europe, and China.
This is the fifth fund that NGP Capital has managed for Nokia and the investment brings the fund’s total committed, but uninvested, capital to more than USD550 million, and total commitments from Nokia since the fund’s inception (in 2005) to more than USD1.6 billion.
Read more: Private Equity Wire
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