Luisa Beltran
Women have a more difficult time succeeding in alternative investments than men, according to a survey of female executives.
"What could help women advance in private equity, venture capital, or hedge funds? Women need exposure to roles that allow them to establish an investment track record, a report from Rothstein Kass and 85 Broads, a networking organization for women, found. Roughly 40% of female execs in alternative investments think women lack the investment track record of their male peers, the report said.
For the report, “Women in Alternative Investments – Industry Outlook and Trends," questions were asked of 189 executive-level women during the third quarter. The female execs came from the hedge fund, private equity or venture capital sectors (more than half were from PE, nearly one-fifth from VC and 32.3% were hedge fund execs), Rothstein Kass said. Roughly 50% questioned worked at firms or funds with $1 billion or more in AUM. Over 60% had at least a decade of experience and a majority sit on their firm's investment committee, the study said.
Glam Media has completed its buy of Ning, an online platform for building social web site. Marc Andreessen, Ning's cofounder and chairman, has joined Glam's board.
Now a little bit of restaurant deal info.
It's been a while since I've heard anything on the Tony Roma's auction. In fact, I thought the process was dead.
This isn't true, I'm hearing. In fact, the auction of the casual dining chain known for its ribs is still going on, sources say. I'm not sure what is taking so long, but Tony Roma's is in talks with some restaurant groups (I assume this means strategics), sources say.
Herotainment is expected to announce Wednesday that Cuneo & Co. has made an additional investment in the children's media company.
Cuneo, the VC firm led by Peter Cuneo, initially funded Herotainment six months ago, says Peter Cuneo, who is managing principal of the firm. Cuneo & Co. made another investment in late summer, he says. Cuneo declined to disclose how much was invested. "With both transactions we now have a minority stake," he says.
What are you thankful for?
That was the question we posed to our readers this Thanksgiving holiday. The poll generated a bigger response than I expected. I really thought everyone would be too busy eating, watching football or resting on their couch to vote.
Anyway, it turns out that 59.1% of voters are most thankful for their or their family's health. Roughly one-fifth, or 18.2%, is happy they have a job. The surprise vote? Nearly 11% are thankful that the McRib is back. And 4.5% are glad the IPO window has opened up a bit.
Greg Baty, a Hamilton Lane VP, was named to the board of the Florida Venture Forum. The forum is an entrepreneurial networking group in that state.
YuMe said Wednesday that it has received $12 million in funding from Samsung Ventures and Translink Capital. YuMe provides video advertising technology and services.
Scott Thompson, PayPal president's, was elected to the board of Splunk. San Francisco-based Splunk provides software for operational intelligence.
The results are in!
This week we posed one of those big-issue questions. If you could do it all over again, would you still go into venture capital or private equity?
The question emerged as one of the most popular ever at peHUB. This week's survey even beat our our Bin Laden question from May. However, our "do-over" poll didn't surpass the query we posed in March, when we asked readers if they would buy the iPad 2.
INGIA Fund I LP said Wednesday that it has invested MXN$44.0 million (US$3.3 million) in Comunidades que Renacen S.A.P.I. de C.V. or Provive. Tijuana, Mexico-based Provive - Comunidades Que Renacen acquires, refurbishes, and sells foreclosed homes in low-income housing developments.