LONDON – Elderstreet Capital Partners recently announced a GBP45 million ($75 million) first close on its new specialist venture fund targeting European software and Internet companies. Michael Jackson, Elderstreet’s founder, confirms that the fund was heavily oversubscribed and will be capped at GBP57 million ($95 million). Elderstreet has a long track record of successful technology-related […]
ncarolina NEW YORK – Pierce “Jack ” Roberts, who left his post as head of the telecommunications group at Bear, Stearns & Co. a little more than a year ago, has resurfaced at one of Wall Street’s oldest private equity firms, AEA Investors. Roberts, formerly a Bear Stearns senior managing director and one of the […]
SAN FRANCISCO – Keith Benjamin, a former senior Internet analyst for BancBoston Robertson Stephens, recently joined Highland Capital Partners as a general partner. Benjamin will remain in San Francisco, thereby becoming the Boston-based firm’s first full-time employee to work in the Bay Area. Highland plans to hire additional investment professionals and a support staff to […]
CHARLOTTE, N.C. – The Wakefield Group in November hired Steve Nelson, senior vice-president at Quokka Sports, as a managing director and partner. Quokka was one of Wakefield’s portfolio companies, and Nelson had worked very closely with the venture firm to bring his company into their fold. “Having been involved with venture capital from the other […]
PALO ALTO, Calif. – Since joining as a principal at Patricof & Co. Ventures Inc. in March 1998, Lori Rafield has led three investments from the $410 million APA Excelsior V, the most recent of which took place in October. As a reward for her performance, Patricof promoted Rafield to general partner. She will focus […]
ST. PAUL, Minn. – IntraTherapeutics Inc., a manufacturer of coronary stents, has taken its product development one step further, making it the only private company in the United States to specifically design peripheral stents for various parts of the human body. Stents are tiny cylinder-shaped devices used to keep constricted arteries open, thus allowing blood […]
Seattle venture capitalists might not agree about exactly when it happened, but they do concur that the city has reached critical mass in the last few years when it comes to receiving venture capital and hosting entrepreneurial activity. Seattle can’t match Silicon Valley in terms of the sheer number of high-tech companies and venture capitalists […]
CHICAGO – Tribune Ventures, the venture capital arm of Tribune Co., plans to make as many as four earlier-stage investments in the next year to take advantage of increased early-stage investment opportunities in the Midwest, said Manager Shawn Luetchens. The firm traditionally has focused on later-stage deals with commitments of between $3 million and $7 […]
ST. LOUIS – The new National Association of Venture Forums has created a nationwide organization that will offer another networking avenue to entrepreneurs and venture capitalists. The association, conceived of by Tom Siegel, a vice president at New Orleans-based Advantage Capital Partners, will give entrepreneurs an opportunity to give presentations at their local venture forums, […]
SAN FRANCISCO – One team in the Walden family of funds has launched a vehicle and a second Walden entity was preparing to hit the fund raising trail at press time, with each vehicle targeting $150 million to $200 million. Walden International Investment Group (WIG) is raising its fourth vehicle, Walden Communications Partners, to back […]