Sept cov914
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LPs warm up to venture: VCJ

Near record distributions are bringing limited partners back to the asset class. As fund commitments jump so do capital flows.

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Maiden Lane to close initial fund – Fortune

According to Fortune, a new fund of fund Maiden Lane is set to close its debut fund at between $20 million and $25 million. The outlet reported that the fund will back syndicates and companies tied to the startup network AngelList. The LPs include Top Tier Capital Partners and Venture Investment Associates. And although Maiden Lane is “not officially part of AngelList,” one of its partners is Kevin Laws, current COO of AngelList.

Top Tier Capital Partners hires chief business development officer

Top Tier Capital Partners, a $2.4 billon San Francisco-based venture capital fund of funds manager, has recruited Jeff Watts as chief business development officer. He will lead Top Tier’s investor client business activities in the areas of sales, marketing and customer service while also contributing his perspective to Top Tier’s investment team.

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Top Tier Raises $310M Toward New Venture Fund of Funds

Top Tier Capital Partners is closing in on its $400 million target for a new fund of funds to invest in venture capital. The San Francisco firm has raised $310 million for Top Tier Venture Capital VI, according to a pair of filings on Wednesday with the Securities and Exchange Commission.

No More Excuses: LPs See 2.5x Venture Fund Performance as a Target

Venture capital has been an under performing asset class, but firms can no longer use the past decade’s lack of liquidity as an excuse for poor performance. This was one message from a panel of limited partners at the Venture Capital Investing Conference in San Francisco on Wednesday.

Awarepoint Picks up $14M

Awarepoint Corp., the real-time location system services provider for healthcare clients, has added $14 million in funding. Heritage Group led the round and was joined by Kleiner Perkins Caufield & Byers, Cardinal Partners, Venrock, Jafco Ventures, Avalon Ventures, New Leaf Venture Partners and Top Tier Capital Partners. PRESS RELEASE: Awarepoint Raises $14 Million in Additional […]

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Sean Warren Joins Top Tier Capital

Top Tier Capital Partners said Wednesday that it has hired Sean Warren to lead its compliance and legal effort. Warren will be Top Tier’s counsel and chief compliance officer. Warren was previoulsy the president and COO of Robertson Stephens Asset Management.

Recycle Rewards Gets Waste Management Backing

Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.

Kleiner Perkins Leads $27 Mln Financing Round for Awarepoint

Awarepoint Corp. said Wednesday that it has closed $27 million in Series F financing. Kleiner Perkins Caufield & Byers led the round while Top Tier Capital Partners also invested. Existing investors Cardinal Partners, Venrock, and Jafco Ventures also participated. Awarepoint, of San Diego, provides real-time location systems for U.S. hospitals.

Paul Capital Investments is Now Top Tier Capital–CORRECTED

Private equity asset management firm Paul Capital Advisors has announced a management-led change in ownership, and will now be known as Top Tier Capital Partners. Both Paul Capital Advisors and the Bank of Ireland have sold their respective equity interests in the firm. Effective immediately, all business activity of the restructured firm will be undertaken using the new name. Top Tier Capital Partners’ management will continue running day-to-day operations. And in the near term, Top Tier Capital Partners will co-locate with Paul Capital Advisors and share certain back-office functions, the firm said in a statement.

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