George, who left Skoll’s investment firm Capricorn Investment Group last year, has raised more than $80m over the past six months from investors including Christoph Henkel, according to Bloomberg.
He is targeting $500m for the firm’s inaugural fund, which will make three types of deals, loans to mid-market companies, acquisitions of family-owned businesses and stakes in private technology companies with a view to list them on a stock exchange.
Panorama’s fund has a three year investment period, according to the report.
The firm has already invested in four technology companies and is currently closing three deals in family-owned businesses.
The fund charges LPs that commit at least $1m a management fee of 1.5 per cent and takes 15 per cent of the profits and a two per cent and 20 per cent, respectively, for those investing at least $250,000.
Copyright © 2014 AltAssets