Another top-tier venture capital house, DFJ’s European outpost DFJ Esprit, has found enough money to open another fund - in fact, two funds totaling $495 million…

—With the first, DFJ Esprit III, the VC firm is making €150 million available for “most exciting early and later stage technology companies across Europe”. Backers include European Investment Fund, Finnish Industry Investors, Partners Group, JP Morgan, LGT Group and Harbourvest.

—In the second, DFJ Esprit is creating a fund named Encore Ventures I, with £170 million ($280 million) from Coller Capital and Harbourvest, specifically to buy 3i’s European investment portfolio. That includes shopping channel 123 TV, shopping club BuyVIP, wifi network The Cloud and mag publisher VNU Media. Update: 3i clarifies that it’s not its whole Euro portfolio being transferred, but just 29 companies, though it’s only naming six - Icera Semiconductors, Light Blue Optics, ApaTech, The Cloud, CamSemi and FastBooking.