PALO ALTO, Calif. – Charter Growth Capital expected a final close in February for Charter Growth Capital LP II, falling somewhere between $300 million to $350 million, said Kevin McQuillan, a general partner at the firm. Launched in October 1999 with a $200 million target, the vehicle held an initial close two months later on […]
With fund raising in the United States and Canada soaring to record heights, venture capitalists are teaming up to share deal flow in each other’s backyard. And with the number of technology and telecommunications companies still growing in both countries, there’s certainly no shortage of deals to go around. As a result, VCs on both […]
LAKEWOOD, N.J./BALTIMORE, M.D. – C&S Capital Partners LLC invests in a wide range of private and public companies that have a proof of concept but may have no significant revenue. The firm, which helps developing companies become income producing enterprises, avoids seed or start-up businesses, said Principal Charles Nebenzahl. C&S Private Equity Fund LP held […]
DENVER – Meritage Private Equity Fund LP backs early-stage, high growth telecommunications companies in the United States, with a focus on communication networks and services companies. Founded in 1998 by Jack Tankersley and Laura Beller, Meritage Private Equity Fund closed in December 1999 on $76 million, bringing the firm’s total capital under management to $340 […]
MENLO PARK, Calif. – Mayfield Fund, an investor in early-stage information technology and health-care companies, in January promoted Venture Partner Robin Vasan to general partner. Vasan was elevated to his new position because of his talent in identifying investment opportunities, his leadership qualities and his ability to interact well with colleagues, said Grant Heidrich, a […]
BOSTON – Advent International in early February promoted Wendy Phillips and Greg Smitherman to partners, in advance of an expected first close on its $300 million-targeted Fund III, Phillips said. Phillips and Smitherman, part of the firm’s Global Venture Capital Group in Menlo Park, Calif., will manage the new vehicle along with three additional partners, […]
LONDON – High technology investments in the United Kingdom have produced an average return of 23% per annum and a return multiple of 2.9 times cost during their lifetime, which should challenge institutional preconceptions regarding the performance of such venture investments, according to figures released by the British Venture Capital Association (BVCA) in conjunction with […]
RIO DE JANIERO, Brazil -The recent competition for Latin American Internet deals is about to get even hotter with the entry of Japanese giant Softbank Corp. Through its venture capital subsidiary, Softbank Technology Ventures, the company has allocated $100 million for its new fund Softbank Latin American Ventures. According to International Data Corp. (IDC), Internet […]
WELLESLEY, Mass. – Commonwealth Capital Ventures plans a February launch for the $225 million-targeted Commonwealth Capital Ventures III LP, which is expected to wrap in the second quarter, said Justin Perreault, a principal at the firm. The vehicle will back 25 to 35 early-stage communications, e-commerce and Internet software and services companies primarily in the […]
ARLINGTON, Va. – Friedman, Billings, Ramsey Group & Co. Inc. (FBR), a venture firm specializing in the Internet and other technology-related investments, has joined the ranks of American venture firms seeking a foothold in the European market. FBR announced in January a strategic alliance with Dawnay, Day Lander (DDL), one of the earliest United Kingdom […]