Jerusalem Venture Partners (JVP) has raised the first $50 million for a new $120 million opportunity fund, Globes reports. The vehicle has already made investments in three companies and is close to raising the rest of the funding. The fund has made investments in photonic integrated circuit developer, CyOptics, Altair Semiconductor and digital mobile TV chipset developer Siano Mobile Silicon. Presently, JVP has seven funds and has around $820 million worth of investments.

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