NEW YORK – With more than $60 billion committed to the asset class, private equity managers are swimming in a sea of capital. However, according to a report issued in July by the Kauffman Center for Entrepreneurial Leadership and Babson College, the distribution of that capital resembles Asia’s fertile crescent in that entrepreneurs near the […]
new york – A group of old hands in the emerging markets, led by Peter Marber, Michael Gagliardi and Hernando Perez Anez, have bought themselves out of Wasserstein Perella Emerging Markets (WPEM) and launched a new venture – Trust Company of the Atlantic. The group will be building off a core of roughly $300 million […]
STAMFORD, Conn. – Thomas H. Lee Co. and Putnam Investments have hired Jeffrey Coates, a managing director at GE Equity, and are courting several other GE Equity executives to head an Internet investment fund. The vehicle will be the first of many proposed funds to be managed by TH Lee, Putnam Capital, a joint venture […]
PRINCETON, N.J. – German conglomerate Siemens AG is following in the footsteps of other large enterprises by creating a strategic-oriented venture unit. Having already established a finacially-oriented venture group in Germany, Siemans has launched a U.S.-based strategic venture operation as part of the company’s Corporate Research Group. The research group will evaluate young innovative companies […]
IRVINE, Calif. – Continuus Software Corp., an Internet and asset management software developer, went public July 29, offering 2,523,642 shares. The stock priced at $8 apiece, the low end of the company’s $8 to $10 filing range. U.S. Bancorp Piper Jaffray and CIBC World Markets underwrote the initial public offering, which left 13.04 million shares […]
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 […]
SWICKLEY, Pa. – Less than two years after raising its first vehicle, Adams Capital Management in August was on the fund raising trail again, seeking more than twice the amount of capital collected in its first effort. Adams Capital Management II has a target of $125 million and a cap of $150 million. The firm […]
LONDON – Strong investor demand has allowed first-time fund raiser Botts & Co. to increase the size of Botts Capital Partners L.P. to GBP150 million from GBP100 million ($241 million from $161 million). Launched in July 1998, the fund held a final close a year later, bringing the total private equity capital under management to […]
JOHANNESBURG, South Africa – Several South African private equity funds are gearing up to take advantage of the ruling African National Congress’ post-Apartheid privatization efforts, as well as the country’s infrastructure opportunities and growing entrepreneurial activity. One of the biggest players is Ethos Private Equity Ltd., formerly known as FirstCorp Capital Investors Ltd., which expects […]
PALO ALTO, Calif. – Charter Growth Capital at press time was readying the launch of its second fund, likely to target $200 million, said General Partner Kevin McQuillan. Charter Growth Capital II is a follow-up to Charter Growth Capital L.P., a $106 million vehicle that closed last summer and is about 70% invested (VCJ, June […]