CW Group New York has raised $115 million for its third venture...

CW Group New York has raised $115 million for its third venture capital fund, CW Ventures III. Investors include the pension funds of IBM, MIT and TIAA-CREF. The fund will invest primarily in start-up and early-stage businesses, particularly in the health care industry, said David Zuidema, a principal at Crane Zuidema Capital, which assisted in the fund-raising.