ANTWERP, Belgium – GIMV, the Flanders-based investment group announced in October a ecu 100 million ($118.1 million) raft of commitments to international funds, signaling the group’s intention to significantly expand beyond its domestic market. Three of the fund investments – Sofinnova Capital III, Galileo II and REL-Club Deal – involve France-focused funds. GIMV will also […]
WESTWOOD, Mass. – Prism Venture Partners II, an early-stage health care and information technology investor, in late December completed a $66 million first close, moving closer to a targeted $125 million final wrap in the first quarter. The initial close, the bulk of which was rounded up by the end of October, included new limited […]
ANDOVER, Mass. – @Ventures III, the latest venture fund affiliated with CMGI Inc., held a final close in December, landing $272 million. While it is the company’s third VC effort, this is the first time outside investors were permitted to participate. Limited partners that ponied up at least the $2 million minimum included Microsoft Corp., […]
NEW YORK – Bear Stearns Asset Management held a Christmas Eve final close on $101 million for Constellation Ventures, its first venture capital effort. The fund, which was formed in 1997 and held a first close in March of last year, makes mid- to late-stage investments in new media and communications companies whose products interface […]
MENLO PARK, Calif. – Benchmark Capital was extremely tight-lipped about the first investment made from Benchmark Capital Partners III, L.P., a $125 million vehicle that held a final close in mid-November. General Partner Bruce Dunlevie would only reveal that the deal, finalized in December, involved a telecommunications company. The latest fund closely resembles Benchmark Capital […]
BRANFORD, Conn. – Scheer & Co. Inc., a financial advising firm that helps large pharmaceutical companies spin off or license medical technologies, is raising its first venture fund targeted at $50 million. The fund, likely to be called Scheer Venture Partners, will back new companies resulting from such divestitures, said David Scheer, who founded the […]
PROVIDENCE, R.I. – Providence Equity Partners in December capped a short fund raising by holding a first and final close that garnered $940 million for the firm’s third fund, said Jonathan Nelson, president of Providence. The Providence, R.I.-based firm kicked off fund raising in early August for Providence Equity Partners III, L.P., seeking a target […]
MENLO PARK, Calif. – Eric Chin joined Information Technology Ventures in January as a principal who will focus on the Internet, e-commerce and software. Mr. Chin will work with the firm’s three general partners, Mark Dubovoy, Sam Lee and Virginia Turezyn. The firm, which had been searching for a principal for some time, also intends […]
MENLO PARK, Calif. – In a somewhat unusual transition, Silicon Valley attorney Allen Morgan in early January joined Mayfield Fund as a venture partner focusing on the Internet, e-commerce and new media. Mr. Morgan made the move after spending the past five or six years advising young companies and building a network in the VC […]
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 […]