Staff Writer

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 […]

BOSTON – Armed with a Small Business Investment Company (SBIC) license and capital from several Pittsburgh-area institutions and endowments, Caduceus Health Ventures in late January wrapped its first fund-raising effort. The $60 million Caduceus, named after the insignia symbolizing the medical profession, will invest in medical-related companies ranging from devices to bioinfomatics and drug discovery. […]

SEATTLE – Frazier & Co. in late January wrapped its fourth fund, Frazier HealthCare III, on almost $220 million, more than double the firm’s last vehicle and about $60 million more than its goal. Despite exceeding its fund target, the strictly health care-focused firm does not expect to have difficulty putting the extra capital to […]

BOSTON – Great Hill Partners, one of the two venture firms that last year spun out of Media/Communications Partners, in February held a $250 million first close for its inaugural fund. Great Hill has another $50 million in hard-circled commitments and likely will use rolling closes until the fund wraps, Managing General Partner Steve Gormley […]

CLEVELAND – Just as it closed the last new deal of its third fund, Brantley Venture Partners was gearing up for a second close on Fund IV. Brantley Venture Partners IV, a $125 million-targeted vehicle, will have a $90 million second close in February, said the firm’s Managing General Partner Robert Pinkas. The fund held […]

BOSTON – M/C Venture Partners, one of two new venture firms spun out of Media/Communications Partners, closed in January on $230 million. Although all limited partners had committed by early December, the firm held a two-part close – one in December and one in January – to allow some L.P.s to invest from their 1999 […]

SAN FRANCISCO – Hambrecht & Quist’s Access Technology Partners fund in February reached a first close on $154 million, well over the $110 million target set last summer following a redesign of the fund. Managing Director Charlie Walker anticipated the vehicle reaching $220 million, far exceeding a $160 million cap. The fund-raising ceiling was raised […]

SAN FRANCISCO – Imagine an initial public offering in which the company’s prospectus is posted on the Internet with a suggested price. Interested parties – drawn heavily from the general public – would read the document and make bids, submitting the number of shares they want and the price they are willing to pay. After […]

NEW YORK – Capital Z Partners Ltd. in January wrapped a $1.5 billion fund-of-funds the firm will use to help establish groups raising private equity and hedge funds around the world. Capital Z, like a growing number of L.P.s, believes the private equity world is becoming global and the time is now ripe to establish […]

NEW YORK – INVESCO Partnership Fund II in February was slated for a first close on an undisclosed sum, and INVESCO planned to shift its fund-raising attention from the United States to Europe, said Parag Saxena, INVESCO Private Capital’s head. Launched late last year with a $500 million target, the fund-of-funds will make venture capital […]