Ms Barnes said: "Wragge & Co has been working closely with the North West Evergreen Fund
for some time and we are delighted to have been able to support it in its first investment.
A firm that has licensed a Purdue University tracking software innovation has received funding from the Emerging Innovations Fund, an evergreen fund
created to fas-track the commercialization of Purdue's early-stage discoveries.
North East LEP chairman, Paul Woolston, said: "Hellens has repaid the investment extremely quickly, and because this is an evergreen fund
, that money will go back towards helping other schemes.
Merieux Developpement is an evergreen fund
specialized in the healthcare sector, conducting growth and venture capital investments on an international basis.
The UK small-cap fund is set to close on May 7, 2010, and the evergreen fund
would close on June 11, 2010.
So it is an evergreen fund
, but we have to do the evergreen bit.
Companies returning space to the market in the first quarter of 1999 included Nine West Group, (29,237 square feet at 1109 Westchester Avenue in White Plains); Lieber Evergreen Fund
(41,809 square feet at 2500 Westchester Avenue in Purchase): and Bell Atlantic (40,000 square feet vacated at 222 Bloomingdale Road in White Plains).
Established in 2009, Merieux Developpement is an evergreen fund
specialized in the healthcare sector, conducting growth and venture capital investments worldwide.
These include Harris Harris, a venture capital company, and an evergreen fund
by the city' s business and finance leaders, The Partnership Fund for New York City.
Finance Wales will learn this month whether it has won the contract to manage the fund - which will be an evergreen fund
with interest and repayments on loans being ploughed back and recycled into new lending.
The evergreen fund
will operate on a commercial basis and, by recycling investment returns, has the potential to make finance of up to Au60 million available over five years.
The evergreen fund
reinvests loans to help fund further projects.