Staff Writer
NEWARK, N.J. – Venture capitalists in the United States raised a record $22.2 billion last year, beating 1997’s figure by about $9.4 billion, according to preliminary data compiled by Venture Economics Information Services (VEIS), a sister company to VCJ. It is important to note, however, that $5 billion of last year’s take came from Warburg, […]
NEW YORK – Kohlberg Kravis Roberts & Co. in early January launched a debut European fund targeted at $2 billion and capped at $3 billion. If it exceeds its target, KKR potentially will control the largest buyout partnerships in both the United States and in Europe. The firm is trying, not for the first time, […]
RESTON, Va./CHAPEL HILL, N.C. – In an effort to capitalize on the flourishing Internet sector in the Mid-Atlantic and Southeastern United States, Draper Fisher Jurvetson in early January launched the Draper Atlantic Venture Fund, the latest of several early-stage, geographically-focused satellite funds the firm has launched in recent years. Draper Atlantic was formed to take […]
MENLO PARK, Calif. – Asia Pacific Ventures (APV) is preparing for a first and possibly final close in March on its inaugural fund aimed at institutional investors, said General Partner Pete Bodine. Targeting $100 million, APV Technology Partners Institutional Fund will invest side-by-side with the $83 million APV Technology Partners II, a corporate investors’ vehicle […]
WESTPORT, Conn. – Pequot Capital Management Inc. in early January spun out of Dawson-Samberg Management Inc. and anticipated a first close on its new venture vehicle by the end of the month, a source said. The amicable spinoff, first announced last August but not effective until January 1, was a natural evolution of the business, […]
NEW YORK – Investment bank Credit Suisse First Boston (CSFB) in early January was finalizing the private placement memorandum for its long-awaited new fund-of-funds and expected to launch the vehicle by the end of the month. The $500 million-targeted fund for institutional clients primarily will focus on international and domestic buyout vehicles, but also will […]
PHILADELPHIA – In an attempt to better leverage its core business, Comcast Corp., one of the nation’s largest cable television operators, in early January launched the Comcast Interactive Capital Group, an independent venture capital unit focused on the Internet. Comcast, which will dedicate $100 million to the captive fund, is no stranger to venture capital, […]
BOSTON – Another corporation has entered the venture capital fray. TF Ventures has been formed to identify and invest in early-stage companies that could be acquisition candidates for business units within its parent company, Thomson Financial Services (TFS). TFS is a division of The Thomson Corp. and the parent owner of Venture Capital Journal. Investments […]
SARATOGA, Calif./SEATTLE – In an effort to preserve its strategy of backing early-stage Internet companies with intense hands-on assistance and capital, Redleaf Venture Management L.L.C. has split into two firms, one in California and the other in Washington. Seattle-based Russ Aldrich, a managing director of Redleaf Venture I, has formed Crossroad Ventures with Jim Thornton, […]
PHOENIX – P.F. Chang’s China Bistro Inc., owner and operator of a full-service Chinese restaurant chain, went public December 4, offering 3.3 million shares. The stock priced at $12 apiece, above the company’s $8 to $10 filing range. The initial public offering, underwritten by Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities L.L.C. and Dain Rauscher […]