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University of Minnesota, Minneapolis, committed $5 million in the first venture capital fund offered by Icon Venture Partners, a new firm that will focus on investment in early-stage enterprise technology firms.

The university's $1 billion endowment fund has been invested in the firm's predecessor, Vesbridge Partners, according to support materials for the Dec. 13 meeting of University of Minnesota Board of Regents. The size of investments in Vesbridge's funds could not be learned.

To read the original article: University of Minnesota commits to new venture capital fund - Pensions & Investments