Dan Primack

We don’t talk much about limited partner compensation, perhaps because it’s so puny compared to general partner compensation. But that may change come spring, when public pensions and other institutional investors begin to cut bonus checks. Here’s the pending scenario: The value of a state pension system’s private equity portfolio falls 10% in 2008, but […]

It’s been two months since Sequoia Capital gathered its portfolio company CEOs, for an evening of tough talk about new economic realities. It has come to be known as the graveyard presentation, both by those in attendance and the thousands more who’ve viewed leaked copies online. In fact, it’s difficult to say which has been […]

The 6th Annual Internship Rodeo has begun, for first-year MBA candidates in search of summer internships in the private equity market. Fifty listings are up so far, including shops that focus on venture capital, growth equity, leveraged buyouts, funds-of-funds, investment banking, M&A and more. We've even got some in Asia and Europe. Listings can be found in the MBA Forum section of peHUB.com, under the Internship folder of the Employment section. To access the MBA Forum you must have an Access Code specific to your business school. If you do not have such a code

The Blackstone Group has quietly led a $40 million Series C round for Coskata Inc., a Warrenville, Ill.-based developer of technologies for processing biorefuse into ethanol. The investment came out of Blackstone’s inaugural Cleantech Venture Partners fund, which is in the process of being raised. Jamie Kiggen, a Blackstone senior managing director, will join the Coskata board. Other return backers include Advanced Technology Ventures, Globespan Capital Partners, GreatPoint Ventures and Khosla Ventures. The company also counts General Motors as a strategic equity partner from its Series B round, but the troubled automaker did not participate this time around. To date, Coskata has raised over $76 million. Blackstone is one of many firms raising new funds to help industrial cleantech companies (biofuels, electric vehicles, etc.) bridge the gap between traditional venture capital

The Pennsylvania State Employees’ Retirement System today met to discuss commitments to four private equity funds, but left without taking any action. This is a highly-unusual move for the $29 billion pension system, particularly given that each commitment would have been with an existing fund manager. The funds up for consideration were: Hellman & Friedman […]

Friday marks the beginning of our 6th Annual Internship Rodeo, which helps investment firms find first-year MBA candidates for summer internship. This is a free service open to most any type of firm, including VC, LBO, LP, I-bank, Mezzanine, Consulting, Funds-of-Funds, etc. If you are interested in posting an available position,please do so today by emailing me at daniel.primack@thomsonreuters.com. Please include your firm name, job location and type of business (i.e., VC/LBO/etc.). Also include any additional information you would like posted, including a contact email address for applicants. If you would prefer me to create an anonymous email account for you, just let me know. Your firm name will be kept confidential, unless you specifically request it to be disclosed (which about 50% of firms requested last year). There is no requirement that participating firms hire via the program.

The WSJ reported yesterday that former AOL chief Jon Miller was asking private equity firms and sovereign wealth funds to help him finance an acquisition of all, or part, of Yahoo. This came just days after a UK report that Microsoft would buy Yahoo’s search business, and put Miller and Ross Levinsohn – former Fox […]

Just to satisfy your data cravings, here's a "State of the PE Market" slideshow that our numbers guru Matt Toole put together for last month's Buyouts West event. Make sure to check out page 14 for buyout and VC fund performance data: Private Equity Data Roundup View SlideShare presentation or Upload your own.

Updated peHUB has learned that former RealNetworks executive Jeff Schrock has joined Intel Capital, as a Seattle-based investment director focused on the digital home sector. He had spent the past ten months as a venture partner with early-stage firm Monster Venture Partners, and currently sits on the board of Intel Capital portfolio company Transpera. Schrock is the former VP of corporate development with RealNetworks, where he helped oversee such transactions as the $350 million acquisition of WiderThan and the $600 million joint venture between MTV Networks and Rhapsody. Before that, he worked in corp dev for Yahoo, and co-founded and ran a VC-backed company called Activate (bought by CMGI in 1999 for $100m).

What follows are seven VC deals culled from recent Regulation D filings with the SEC (all original format, not revised format). They have not been otherwise disclosed: Paratek Microwave Inc., a Columbia, Md.-based provider of adaptive RF front-end component solutions for mobile wireless applications, has raised $20 million in Series E funding, according to a regulatory filing. Listed shareholders include Polaris Venture Partners, Novak Biddle Venture Partners, Morgenthaler, Investor AB, STMicroelectronics and ABS Ventures. The company previously raised over $118 million since 1999. www.paratek.com ExtendMedia Corp., a Newton, Mass.-based provider of online video distribution software and services, has raised $10 million in Series C funding, according to a regulatory filing. Return backers include Atlas Venture, Venrock Associates and TVM. The company had previously raised