MENLO PARK, Calif. – Asia Pacific Ventures (APV) is preparing for a first and possibly final close in March on its inaugural fund aimed at institutional investors, said General Partner Pete Bodine. Targeting $100 million, APV Technology Partners Institutional Fund will invest side-by-side with the $83 million APV Technology Partners II, a corporate investors’ vehicle […]
WESTPORT, Conn. – Pequot Capital Management Inc. in early January spun out of Dawson-Samberg Management Inc. and anticipated a first close on its new venture vehicle by the end of the month, a source said. The amicable spinoff, first announced last August but not effective until January 1, was a natural evolution of the business, […]
NEW YORK – Investment bank Credit Suisse First Boston (CSFB) in early January was finalizing the private placement memorandum for its long-awaited new fund-of-funds and expected to launch the vehicle by the end of the month. The $500 million-targeted fund for institutional clients primarily will focus on international and domestic buyout vehicles, but also will […]
PHILADELPHIA – In an attempt to better leverage its core business, Comcast Corp., one of the nation’s largest cable television operators, in early January launched the Comcast Interactive Capital Group, an independent venture capital unit focused on the Internet. Comcast, which will dedicate $100 million to the captive fund, is no stranger to venture capital, […]
BOSTON – Another corporation has entered the venture capital fray. TF Ventures has been formed to identify and invest in early-stage companies that could be acquisition candidates for business units within its parent company, Thomson Financial Services (TFS). TFS is a division of The Thomson Corp. and the parent owner of Venture Capital Journal. Investments […]
SARATOGA, Calif./SEATTLE – In an effort to preserve its strategy of backing early-stage Internet companies with intense hands-on assistance and capital, Redleaf Venture Management L.L.C. has split into two firms, one in California and the other in Washington. Seattle-based Russ Aldrich, a managing director of Redleaf Venture I, has formed Crossroad Ventures with Jim Thornton, […]
PHOENIX – P.F. Chang’s China Bistro Inc., owner and operator of a full-service Chinese restaurant chain, went public December 4, offering 3.3 million shares. The stock priced at $12 apiece, above the company’s $8 to $10 filing range. The initial public offering, underwritten by Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities L.L.C. and Dain Rauscher […]
BOSTON – Exchange Applications Inc., a provider of open enterprise customer optimization software and solutions, held an initial public offering December 8. The company offered 3 million shares at $11 each, above its $8 to $10 filing range. The offering, underwritten by BT Alex. Brown, Hambrecht & Quist and Adam Harkness & Hill Inc., left […]
NEW YORK – iVillage Inc., an online women’s network, filed to go public December 11. The initial public offering’s size and the stock’s proposed filing range had not been determined at press time. Venture backers include America Online Inc., CIBC Wood Gundy Ventures, Cox Interactive Media Inc., Rho Management Trust I and Tenet Healthcare Corp. […]
WELLESLEY, Mass. – Battery Ventures, founded in 1983, targets high technology companies, primarily in the communications and software industries. While the firm mainly focuses on the United States, it has made investments in Israel and currently is reviewing other opportunities abroad, General Partner Thomas Crotty said. Most investments are made in early-emerging companies, but start-ups […]