Funding, Legal

Mark Carnegie to launch equity fund of over $250 million

Rose Powell /

Venture capital investor Mark Carnegie plans to launch a second private equity fund of between $250 million to $300 million.

 

A spokesperson for the fund, to be managed by investment and advisory company MH Carnegie & Co, told StartupSmart they would be focused on start-ups in the growth and development stages.

 

“We look at early stage tech and life science companies through the government’s Innovation Investment Fund but the focus of the new MHCC fund is on expansion capital, operating real estate, resources and development capital.”

 

The company has previously invested in early stage technology and life science start-ups.

 

This is the second fund Carnegie’s venture capital company has launched this year. In June, M H Carnegie launched an $80 million accelerator fund in partnership with digital development company Vivant.

 

The company is also a significant investor in the Sydney Angels Sidecar fund.

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Rose Powell

Rose is the current head of growth at Rampersand Ventures. She was formerly a reporter at StartupSmart.

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