PALO ALTO, Calif. – Technology Crossover Ventures (TCV) in July hired Warburg Pincus’ Chris Nawn as a partner and also promoted two associates to the partner level to help invest its latest fund. Nawn, an acquaintance of several TCV partners for many years, was a five year veteran at Warburg Pincus, where he worked in […]
BOSTON – Parthenon Capital held a final $350 million close in June on its debut private equity fund. In addition, the firm closed its first two deals in June, putting $30 million in equity into a staffing company and $15 million into a children’s clothing company. Demand among investors to enter Parthenon Capital’s fund was […]
PALO ALTO, Calif. – Techno-Venture Co. Ltd., a Japan-based venture firm with a Silicon Valley presence, is raising its ninth fund. The vehicle, likely to total $15 million to $20 million, will get its capital from Japanese institutions but invest exclusively in the United States, mainly on the West Coast, said Techno-Venture U.S. Chairman Jonathan […]
WAYNE, Pa. – Bolstered by a number of returning investors, TL Ventures in late July wrapped its fifth fund, the $250 million TL Ventures IV. TL IV quickly gathered $200 million from existing limiteds in an April first close and wrapped the fund three months later. First Union Corp., a first-time investor in the firm, […]
SAN FRANCISCO – Latin American hedge-fund manager Andrew Cummins has launched explorador.net, a venture fund that will invest in Internet-related companies targeting the region. Affiliated with his hedge operation Explorador Capital Management, explorador.net began raising its fund in mid-June and a month later reached a first close on $15 million, leading to a question of […]
SAN JOSE, Calif. – SOFTBANK Technology Ventures has spent the last few months boosting its staff to help operate a new incubator and invest its fifth fund, a $600 million vehicle. The Internet-focused venture firm in July hired as general partners D. Rex Golding, a former co-head of technology banking at Morgan Stanley Dean Witter, […]
MENLO PARK, Calif. – Sprout Group promoted Vice President Alex Rosen to general partner this summer and is in the market for two more investment professionals, said Managing Partner Richard Kroon. Rosen, who joined Sprout in 1996, focuses on e-commerce and Internet software companies. He sits on the boards of four Sprout portfolio companies: Quintus […]
NEW YORK – Bowles Hollowell Conner in July hired three managing directors and nine new professionals in an ongoing effort to expand its private equity coverage. The New York-based division of First Union Capital Markets Corp. now has almost 20 professionals dedicated to serving the financial sponsor community, said David Knowlton, co-head of private equity […]
NEW YORK – For the first time in its nearly 20-year existence as a professional money manager, Rho Management has combined its private equity clients under one partnership. The $100 million Rho Capital Partners 1999, first marketed in January and closed in June, is the firm’s first fund raised from multiple high-net-worth individuals and “one […]
NEW YORK – Sports Capital Partners, the joint venture between Chase Capital Partners and International Management Group (IMG), in July held a close on $20 million, which brings IMG/Chase Sports Capital’s total to $160 million, said Managing Director David Moross. The close follows an initial commitment of $102 million by Chase Capital last year, and […]