SAN FRANCISCO – Hambrecht & Quist’s Access Technology Partners L.P. surged to almost three times its target and at press time had scheduled a mid-May wrap on $336 million, said Managing Partner Charlie Walker. H&Q had planned to launch the fund a year ago, with the intention of raising $200 million for both direct deals […]
PALO ALTO, Calif. – Summit Partners at press time was preparing the late spring launch of a $150 million fund that will invest smaller amounts of capital than are usual for the firm, said General Partner Walter Kortschak. Summit in May hired Kip Sheeline, an 11-year veteran of Hambrecht & Quist, to manage the vehicle, […]
Try having a conversation about the current trend in mergers and acquisitions without using the word “growth” or any form of “consolidate.” It could be difficult, as venture capitalists who were asked to discuss increased sales of VC-backed companies found out. Consolidation in a diversity of industries, ranging from networking to medical devices, motivated buyers […]
REDWOOD CITY, Calif. – How much is about two hours of your time worth? Venture capitalist Steve Jurvetson of Draper Fisher Jurvetson, thanks to a recent charity auction on eBay, can give a precise market value for the time it takes have breakfast with him: $9,400. That’s the cumulative price two entrepreneurs paid to shoot […]
ATLANTA – Former information- technology entrepreneur Buck Goldstein and strategic partner Mellon Ventures in February launched netWorth Partners, the latest in a growing list of Internet-focused venture funds. Mellon Ventures, the captive equity investment vehicle for Mellon Bank, will invest in netWorth as a strategic limited partner, sharing deal flow and expertise and assisting in […]
MENLO PARK, Calif. – Silicon Valley Bank (SVB) in January transferred Gregory Becker to its Sand Hill Road office to replace Mike Weeks as head of the bank’s venture capital practice. Mr. Becker, a SVB senior vice president formerly based in Boulder, Colo., has experience working with venture capitalists, having referred deals to Colorado VCs […]
HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]
PARIS – Sofinnova, S.A. was slated to reach a first and final close on Sofinnova Capital III in mid-December, with expectations of exceeding its FFr 600 ($106.6 million) target. The fund (VCJ, November 1998, page 26) will back early-stage information technology and life-sciences companies, predominantly in France. Limited partners include J.P. Morgan Investment Management Inc., […]
HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]
NEW YORK – Behrman Capital rounded out its management ranks in November by adding Neil Sandler as a partner. The former investment banker came from BancBoston Robertson Stephens, where he spent two years working on health care. Mr. Sandler also will focus on health-care investments at Behrman, a later-stage venture and buyouts group, that has […]