Posted on: May 21, 2013 by Mark Boslet
Yahoo’s $1.1 billion purchase of blogging site Tumblr is the largest exit of a pre-public venture-backed New York-based company in the city’s history, according to CB Insights.
Tags: Buddy Media, New York, Right Media, Tumblr, Yahoo
Posted on: May 21, 2013 by Luisa Beltran
Alok Singh, a long-standing executive of New Mountain Capital, has left the private equity firm, which is currently raising its fourth fund.
Tags: Alok Singh, Bridge Growth Partners, New Mountain Capital
Posted on: May 21, 2013 by Connie Loizos
Posted on: May 21, 2013 by Gregory Roth
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing…
Tags: Bain Capital, Mitt Romney, Solamere Capital, Tagg Romney
Posted on: May 21, 2013 by Connie Loizos
Will Griffith, a venture capitalist who spent a dozen years with Technology Crossover Ventures, is raising a fund for a firm called Iconiq Strategic Partners.
Tags: Iconic Capital, Iconiq Strategic Partners, Will Griffith
Posted on: May 21, 2013 by Connie Loizos
Since Yahoo announced it was acquiring Tumblr, venture capitalists have probably pondered how the deal impacts the value of their stakes in still-private social networks like Pinterest. The early consensus is that it’s good news, indeed.
Tags: Paul Kedrosky, Pinterest, Tumblr, Yahoo
Posted on: May 21, 2013 by asormani
The job’s board this week features an associate position at Goldman Sachs; a private markets consultant post at Strategic Investment Solutions; a Silicon Valley portfolio manager at Microsoft and a financial analyst position at ThomVest Ventures.
Tags: Fifth Street Finance Corp., Goldman Sachs, Microsoft, Strategic Investment Solutions, Thomvest Ventures
Posted on: May 21, 2013 by Steve Bills
Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts.
Tags: Cyan Partners, MC Credit, Moore Capital Management LP
Posted on: May 21, 2013 by Mark Boslet
PeHUB took a look at this year’s 18 venture-backed IPOs to see where the action has been. Its analysis shows that companies trading above their IPO price greatly outnumber those that have sunk below it. The score is 12 above to six below.
Tags: Chimerix, Cyan, Enanta Pharmaceutical, IPOs, Marketo, Rally Software, Silver Spring Networks, Tableau Software
Posted on: May 21, 2013 by asormani
This Tuesday morning First Read brings you five traits to look for in start-up employees; an insight into the success of sovereign wealth funds and a musing on the rarity of mergers among start-ups and VCs.
Posted on: May 20, 2013 by Mahendra Ramsinghani
The problem with the Midas List is that it focuses on individuals when venture capital is a team sport; it’s like giving a medal only to the member of a relay team who crosses the finish line, says guest columnist Mahendra Ramsinghani.
Tags: David Hornik, George Zachary, Jason Green, Jerry Neumann, Midas List, Mygdon, Sean Parker, Tim Connors
Posted on: May 20, 2013 by Luisa Beltran
Olympus Partners has hit a first close of more than $1.7 billion for its sixth fund and expects to hold a final close on $2.5 billion by the end of next month, a source tells peHUB.
Tags: Fundraising, Middle Market, Olympus Partners, private equity