The new firm's aim was to make investments in the Ukrainian cities of Kiev, Odessa and Mariupol.
Merrill also agreed to pay $400,000 compensation to an investor, Debasas Kanjilal, who claimed Mr Blodget's buy recommendation on internet company Infospace had been influenced by the Wall Street firm's aim to win business from the company.
Norman Fiore, General Partner at Dawn Capital said the firm's aim "continues to be the same: to be the first institutional investment partner of choice for entrepreneurs right from the early stages through to exit".
One of the firm's main aims in the last few years has been to rein in compensation expenses, something investors like Nelson Peltz have made a key focus.
When "Neutron Jack" (so nicknamed for his readiness to fire employees) ran GE, he was regarded as the incarnation of the idea that a firm's sole aim should be maximising returns to its shareholders.
In fact, the Spanish firm's chief aim when it invested in Telecom Italia in 2007 was to prevent América Móvil from winning a dominant position in Brazil.Politically, however, selling Telecom Italia to a foreign company is probably still unacceptable.
That means that despite the Cambridge-based firm's stated aim of addressing "fragmentation" in the so-called "internet of things" (IoT) market, the code will not work on devices that use Intel's Quark and Atom chips or Imagination's Mips processors.
It's the third fund in the venture firm's history and aims to raise the bar a bit from Lerer's second fund, of $25 million, which it raised in May 2011.
The firm's boss, Martin Winterkorn, aims to triple sales by 2018 and plans to spend some $3 billion on boosting the group through such things as marketing and opening more dealerships.
George R. Roberts of K.K.R. is on CNBC at 3 10 p.m., possibly to discuss his firm's new funds aimed at individual investors.
