REDWOOD CITY, Calif.-Phone.com Inc., a software provider that delivers Internet-based services to wireless telephones, held an initial public offering June 10. The company offered 4 million shares at $16 apiece, above its $14 to $15 filing range. Credit Suisse First Boston, BancBoston Robertson Stephens, Hambrecht & Quist and U.S. Bancorp Piper Jaffray underwrote the initial […]
SANTA CLARA, Calif. – Ramp Networks Inc., a provider of shared Internet access solutions for small businesses, went public June 22. The company offered 4 million shares at $11 apiece, within its $10 to $12 filing range. BancBoston Robertson Stephens, Dain Rauscher Wessels and Hambrecht & Quist underwrote the initial public offering, which left 20.01 […]
NEW YORK – Private equity giant Chase Capital Partners is in the midst of expanding its business to include managing money other than that of its parent, Chase Manhattan Corp. Partners at Chase Capital are planning a number of new funds, said David Mullane, a managing director at Chase Capital. Mr. Mullane, who previously worked […]
NEW YORK – Sentinel Capital Partners held a final close on its second private equity fund in June, rounding up a total of $126 million. The firm launched Sentinel Capital Partners II, L.P. in June 1998 with a $125 million target, and Sentinel’s debut fund closed in 1996 on $50 million. New limited partners in […]
WAYNE, Pa. – Pilgrim Baxter & Associates last month hired Carol Proffer away from Crossroads Group to head a new private equity fund-of-funds that initially will target venture capital investing. Ms. Proffer, who was a managing director at Crossroads, said Pilgrim Baxter will begin marketing the fund-of-funds in September with a target of approximately $100 […]
BOULDER, Colo. – Sequel Venture Partners expected a late July final wrap on Sequel Limited Partnership II. Targeted at $150 million, the fund was launched earlier this year and notched a first close on $112 million in March, said Partner John Greff. A lucrative exit from Internet advertising monitor MatchLogic Inc., a portfolio company from […]
PALO ALTO, Calif./PRINCETON, N.J. – Accel Partners began raising Accel VII in June and is seeking $350 million from financial investors as well as $150 million from entrepreneurs and strategic corporate investors, said Managing Partner Jim Breyer. The information technology and communications-focused fund in late June had more than $1 billion in hard commitments, and […]
GREENWICH, Conn. – Following the increasingly popular strategy of launching satellite offices in emerging cradles of entrepreneurship, Tullis-Dickerson & Co. Inc. in June opened its third regional office in Michigan and closed its second health care and health-related venture fund. The $195 million Tullis-Dickerson Capital Focus II will feed three satellite funds in Alabama, New […]
SAN FRANCISO – Horsley Bridge Partners in early July held a first and final close on more than $1 billion for Horsley Bridge Fund VI L.P. As its predecessors, the fund-of-funds will invest in domestic private equity partnerships, said Managing Director Gary Bridge. The 1997 $500 million Horsley Bridge Fund V is fully invested. The […]
STAMFORD, Conn./BOSTON – FLAG Venture Management in June wrapped its third venture capital fund-of-funds and recently added a new partner who opened its Boston office. FLAG Venture Partners III, wrapped on $315 million after a January launch and a March first close and, like its predecessors, will back only top-tier venture capital funds, said Managing […]