The latest in funds and investments across North America.

JLL
JLL Spark, a division of New York-listed JLL, has created the JLL Spark Global Venture Fund, which plans to invest up to $100 million in companies focused on using technology to improve areas from real estate development and management to leasing and investing.

The fund will also help entrepreneurs and their companies by connecting them with JLL's business lines and clients, JLL said in a statement.

"Having been entrepreneurs ourselves, we know how hard it is to bring a new product to market, especially in an industry that has been slow to adopt new technology. That's why our goal is to partner with entrepreneurs, and help them tap into the resources of JLL's business lines so they can succeed in rapidly growing their companies while we also create value for JLL's clients," Mihir Shah, co-chief executive at JLL Spark, said.

The new fund will focus on seed and Series A investments, as well as select later stage rounds. Typical investment size will range from a few hundred thousand to several million dollars. JLL Spark will direct its efforts to technology startups with products that can help JLL investor and occupier clients, or that can be used by JLL businesses to better deliver their services. The fund is also interested in companies that are inventing new technology-enabled business models in traditional JLL service areas or those that will help expand its services to new client segments.

JLL Spark was founded in 2017 and is headquartered in San Francisco, California.

OppenheimerFunds, The Carlyle Group
OppenheimerFunds and The Carlyle Group have launched the OFI Carlyle Private Credit Fund. 

It is the first strategy made available through the firms’ joint venture to provide global private credit opportunities for high net worth investors and advisors.

The fund is designed for long-term investors seeking current income.

The strategy allocates assets across a range of credit strategies including direct lending, opportunistic credit, structured credit and liquid credit to companies around the world.