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Main Sequence hits first close of $450M AUD for its third deep tech fund

Main Sequence hits first close of $450M AUD for its third deep tech fund

Main Sequence, an Australian venture capital firm, said Wednesday it has raised the $450 million AUD (approximately $303 million) first close of its third fund. The venture capital firm, founded by Australia’s national science agency CSIRO (Commonwealth Scientific and Industrial Research Organisation), has secured funding from new limited partners, including LGT Crestone, NGS Super, Daiwa Securities Group and the Grantham Foundation, as well as returning backers Hostplus, Temasek, Australian Ethical Investment and Morgan Stanley Wealth Management.

APRA 'expects' quarterly unlisted asset valuations by big super

Super funds have been told to value the $650 billion they hold in unlisted assets at least every quarter.

Hostplus tops up mandate, returns 8% to members

Hostplus invested an additional $100 million in venture capital projects, while also confirming it returned 8% to members in its MySuper Balanced option.

APRA flags tougher stance on superannuation funds' unlisted asset valuations following FRAA review

A review led by Nicholas Moore found the watchdog had been asleep at the wheel on managing the risk of inflated valuations to members’ savings.