MENLO PARK, Calif. – Menlo Ventures plans to raise and wrap its eighth fund in the second quarter of this year. Menlo VIII will target $400 million and be capped at $500 million, said General Partner DuBose Montgomery, who added that most of the capital would likely come from existing limited partners. The new vehicle […]
LOS ANGELES – One-year-old Idealab Capital Partners L.P.(ICP) seems to be approaching the venture capital market as a sprint rather than a marathon. While many first-time funds breathe a mighty sigh of relief at a final close and get to the business of investing, the venture capital affiliate of the incubator idealab! plans to launch […]
CAMBRIDGE, Mass. – Research Corporation Technologies has committed $15 million to form a new venture development company, RCT BioVentures NE. The new firm will be based in Cambridge, Mass., and will scour research institutions, universities and entrepreneurs throughout New England for potential high-value discoveries. RCT BioVentures intends to draw attention to investment opportunities presented by […]
SAN FRANCISCO – GE Equity, the private equity subsidiary of GE Capital, in April plans to open an office in San Francisco to expand its presence as a direct investor in venture-stage technology and media companies. The new office has been given the mandate to invest approximately $162 million in non-control deals, representing about 25% […]
WASHINGTON, D.C. – The House of Representatives in February passed a bill authorizing a significant budget increase to the Small Business Investment Company (SBIC) program, signaling Congress’ support of government efforts to help the venture capital community. In a vote of 402 to 2, the House passed the Small Business Investment Company Technical Corrections Act […]
SUNNYVALE, Calif. – Frontier Communications, one of the nation’s largest long distance carriers, became one of the latest corporations to seize the burgeoning venture capital market for Internet investments when it formed Frontier Internet Ventures Inc. in late February. While Frontier Communications, a subsidiary of Rochester, N.Y.-based Frontier Corp., has been quite active on the […]
MADISON, Wis. – Signaling a possible shift toward more traditional early-stage venture capital investing, the Wisconsin State Investment Board at press time was readying a proposal to its board of trustees to create a $50 million health-care and biotechnology vehicle geared toward local deals. Wisconsin at press time had committed only to later-stage private equity […]
NEWARK, N.J. – Plagued by Wall Street’s downturn in the last two quarters of 1998, the venture-backed secondary public offering market recorded just 64 issues after a first-half total of 52, according to Venture Economics Information Services (VEIS), a data company affiliated with Venture Capital Journal. Last year’s output marked the industry’s worst performance since […]
SIMSBURY, Conn. – Continuing its evolution from secondary investor to full-service private equity shop, Landmark Partners Inc. in early March announced the appointment of a new managing partner to lead the firm’s foray into direct investment. Francisco Borges, the former treasurer of Connecticut and most recently a managing director at Financial Guaranty Insurance Co., will […]
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 […]