SAN FRANCISCO – Thomas Weisel Partners expected a final close in January on its debut technology-focused buyout fund, rounding up a total of $1.25 billion. In addition to garnering commitments from traditional institutional investors, including corporate and state pensions, Thomas Weisel Capital Partners LP has commitments from 175 active and retired chief executive officers, all […]
NORTHBROOK, Ill. – KB Partners LLC in January launched the $60 million-targeted KB Partners Venture Fund II, which will invest in start-up and early-stage information technology companies in Chicago and the Midwestern United States, said Keith Bank, a managing partner at the firm. The sophomore vehicle is expected to hold a first close in March […]
CHICAGO – The $9 billion Illinois State Board of Investment of Chicago has committed a total of $110 million to four private equity funds and will award $50 million to $75 million to two real estate managers this month, said Ron Schmitz, chief investment officer. The fund awarded $35 million to the INVESCO Venture Capital […]
NEW YORK – The $115 billion New York State Common Retirement Fund has recently made private equity commitments totaling $275 million. The fund made the following private equity commitments: $100 million to Fairview Ventures I, a captive venture capital fund-of-funds; $75 million to Vestar Capital Partners IV, a mid-market buyout fund; and $100 million to […]
WAYNE, Pa. – EnerTech Capital Partners is raising EnerTech Capital Partners II L.P., targeted at $150 million, double the size of its goal. The venture firm invests in companies seeking to capitalize on the recent deregulation and convergence of the utilities, communications and energy industries. Launched in the early fall, Fund II held a first […]
REDWOOD CITY, Calif. – Draper Fisher Jurvetson in December expanded its network of regional venture firms as it invested $5 million in Cambridge Incubator. In addition to the investment, the venture firm will raise and co-manage the Cambridge Incubator Fund, which has a $100 million target. The fund was expected to hold a first close […]
MINNEAPOLIS – eBenX Inc., an electronic health plan management company, went public December 10, offering 5 million shares at $20 apiece. The company’s stock priced well above its $15 to $17 filing range. Underwritten by BancBoston Robertson Stephens, Warburg Dillon Read LLC and Thomas Weisel Partners LLC, the initial public offering left 15.2 million shares […]
CAMBRIDGE, Mass. – C-bridge Internet Solutions Inc., a provider of Internet expertise, went public December 17, offering 4 million shares at $16 apiece. The company’s stock priced well above its $12 to $14 filing range. Underwritten by Robertson Stephens International, SG Cowen and SoundView Technology Group, the initial public offering left 17.3 million shares outstanding. […]
AUSTIN, Texas – Classic Communications Inc., a cable television operator, went public December 8, offering 8.25 million shares at $25 apiece. The company’s stock priced at the top of its $23 to $25 filing range. Underwritten by Goldman, Sachs & Co., Merrill Lynch Co. and Donaldson, Lufkin & Jenrette, the initial public offering left 17 […]
ACTON, Mass. – Andover.Net Inc., an operator of Web sites for the open source software community, went public December 8, offering 4 million shares at $18 apiece. The company’s stock priced at the top of its $15 to $18 filing range. Underwritten by W.R. Hambrecht & Co. LLC, Advest Inc. and DLJdirect Inc., the initial […]