The ears of many venture capitalists are likely to perk up while listening to Ashu Rajbhandari describe his pension fund’s penchant for private equity investing. The Washington State Investment Board prides itself on being an innovator when it comes to alternatives, and the pension plans to continue pouring capital into the asset class at a […]
NEW YORK – Capital Z Partners in March said it would invest $25 million from its latest fund in the online investment bank Wit Capital. Capital Z will become the largest shareholder in Wit following the close of the growth capital round, expected in late March. Funding came from the recently wrapped $1.85 billion Capital […]
In a way, venture firm Tullis-Dickerson & Co. Inc.’s two New Mexico offices owe their existence to venture capital’s explosion in the Southeastern United States more than to anything that happened in the Southwest. Tullis-Dickerson in 1994 launched the TD Javelin Capital Fund, a $34 million vehicle focused on the Southeast. The fund, based in […]
This is the second of three articles about distributing thinly traded stocks to limited partners. The questions were posed by Standish M. Fleming of Forward Ventures. The participants are Jay Luby, managing director of the Strategic Trading Division of U.S. Trust Co. and David York, a principal and manager of the venture services group at […]
GREENWICH , Conn. – Brand Equity Ventures, an independent venture firm that spun out of Consumer Venture Partners in late 1996, invests in early-stage consumer businesses, as well as small mezzanine financings, recapitalizations and management-led buyouts. The firm closed the $95 million Brand Equity Ventures I in April 1998. The vehicle, which was about 40% […]
Try having a conversation about the current trend in mergers and acquisitions without using the word “growth” or any form of “consolidate.” It could be difficult, as venture capitalists who were asked to discuss increased sales of VC-backed companies found out. Consolidation in a diversity of industries, ranging from networking to medical devices, motivated buyers […]
MELO PARK, Calif. – When it comes to Information Technology Ventures (ITV), its name is truly apropos because the firm invests exclusively in IT. Formed in 1994 by Mark Dubovoy, Sam Lee and Virginia Turezyn, ITV often is the first institutional investor, dedicating about $7 million over the life of a portfolio company. Eric Chin […]
BARTLESVILLE, Okla. – Eager to tap a market ripe with attractive, new venture funds, Knightsbridge Advisers Inc. in early March concluded fund raising for its latest fund-of-funds, Knightsbridge Integrated Holdings IV. Knightsbridge’s third fund-of-funds, which closed on $102.3 million in September 1997, still has room for two or three more investments, but the firm did […]
CHAMPAIGN, Ill. – While their vehicle’s name may suggest a remote firm in the hinterlands, the managers of Open Prairie Ventures I believe that the Midwest – Champaign-Urbana, Ill, in particular – will provide as much deal flow as a bustling urban center. While the twin cities of Champaign and Urbana are surrounded by miles […]
DENVER – As Sovereign Financial Services Inc. began pre-marketing its new private equity fund-of-funds, Sovereign New Millennium Fund II, its managing principals decided the vehicle needed a less cumbersome nickname. They settled on “Millie,” in honor of Managing Principal Mary Kelley’s late mother. Millie will seek $125 million from high-net-worth individuals, smaller foundations, pension funds […]