BALTIMORE – Although hoping to raise an additional $40 million before a June 30 final close, QuestMark Partners L.P. had begun investing the $210 million already committed to its first fund. QuestMark in late May invested $10 million in ZapMe!, a provider of Internet and interactive services to schools. Earlier that month, the fund invested […]
TEANECK, N.J. – Reaching a final capitalization of $360 million on BCI Growth V L.P., BCI Partners Inc. closed its fifth venture partnership in May and added Thomas Cusick as a general partner. Limited partners in the latest effort include existing investors Abbott Capital Management, Bank of America Capital Corp. and Oregon Public Employees’ Retirement […]
SEATTLE – Guide Ventures, a firm recently founded by a former partner in Redleaf Venture Management, notched a $10 million first close in early June for Guide Ventures II L.P. The fund was launched early this year with a $25 million target and a $30 million cap, and founder Russ Aldrich said he envisioned reaching […]
The Nevada Public Employees Retirement System has not exactly been a trailblazer when it comes to private equity investing – the $12.1 billion pension allocates 2% of its capital to the asset class and has no plans to increase the percentage – but Nevada has done well in the alternatives arena and plans to stick […]
BELLVUE, Wash. – Encompass Ventures expects a first close in June on EV II Partnership, raised from Japanese operating companies, and the firm is contemplating raising another fund targeting institutions in the United States (VCJ, February, page 12). Encompass, which intends to raise $30 million for EV II, at press time expected the first close […]
SAUSALITO, Calif. – Although it was founded last year as a start-up consulting firm, the partners at Artemis Ventures soon realized that most of their time was spent helping clients raise money. So, early this year, the firm raised its own seed-stage fund, which closed on $22 million in early May. The firm originally helped […]
MENLO PARK, Calif.-Doll Capital Management held a $42 million first close on its second fund in early June, and the group secured commitments reaching its $100 million target, said Managing General Partner Dixon Doll. Doll Technology Investment Fund II, like its predecessor, will back early-stage telecommunications and information technology companies (VCJ, February, page 25). Doll […]
LONDON – Duke Street Capital hopes to hold a first close on its fourth European buyout fund in June. Following last year’s buyout from Hambros, the group – formerly HEV – aims to raise at least euro 500 million ($523 million) for Duke Street Capital IV in its debut fund raising as an independent firm. […]
BRANFORD, Conn. – In response to an icy reception by investors to a health-care focused fund, Scheer & Co. has expanded its inaugural venture vehicle to include health care-related information technology deals. Scheer Venture Partners was launched about a year ago with a $50 million target (VCJ, February, page 28), but by press time the […]
PRINCETON, N.J. – ProQuest Investments I L.P., a medically focused venture fund, held a $100 million final close in late May. The vehicle will invest in seed-stage to public companies in the pharmaceutical, health-care device, Internet and service industries in the United States and overseas. Launched in February 1998, ProQuest held a $40.5 million first […]