Former venture capitalist Ellen Pao could take the stand as early as Thursday in her gender discrimination lawsuit against her previous employer Kleiner Perkins Caufield & Byers, giving testimony that will likely make or break the case, Reuters News reported.
First Read kicks off your morning with news of AbbVie to acquire Pharmacyclics for $21 billion, Etsy files for an IPO and Hillary Clinton asks the State Department to release her e-mails.
Justin Reizes, head of Kohlberg Kravis Roberts’ Australia business, is retiring from the firm, according to an investor letter recently sent to limited partners.
Kohlberg Kravis Roberts is in discussions with the Securities and Exchange Commission to settle an inquiry about how the firm has allocated expenses between funds and co-investors, according to the firm’s annual report and a recent letter to limited partners.
Linden Capital Partners has closed its third fund at its $750 million hard cap, said Tony Davis, the Chicago-based firm’s president and managing partner.
In Second Opinion, the Supreme Court appears divided on Obamacare, IBM acquires AlchemyAPI and if you want to work at Facebook, then you better act like Mark Zuckerberg’s boss.
HGGC has closed its second fund at $1.33 billion, beating its $1 billion target.
First Read starts your morning with news of Target set to cut thousands of jobs, Uber’s first acquisition will be mapping tech startup deCarta and Microsoft co-founder Paul Allen has found the wreck of a lost WWII Japanese battleship.
The private equity firms that acquired Freescale Semiconductors in a mammoth $17.6 billion deal nearly nine years ago are finally getting their money back.
John Doerr took the stand Tuesday in Ellen Pao’s discrimination suit against Kleiner Perkins Caufield & Byers, as the trial continues.
In Second Opinion, the House greenlights Homeland Security Dept. funding through September, Edward Snowden’s lawyer says he’s willing to return to the U.S. if he’s guaranteed a fair trial and the new Pebble smartwatch is now the most-funded project in Kickstarter history.
Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.
Frontier Capital has closed its fourth growth equity fund at $390 million, beating its $300 million target.
First Read ushers in your morning with news of Hillary Clinton using a personal email account at State Dept., possibly breaking rules, Tinder to charge those 30 and over more for new dating app and Michael Jordan joins the billionaire’s club according to Forbes.
Fortress Investment Group credit guru Peter Briger believes the credit investment environment remains uninteresting even though the firm is closing in on $5 billion for its next flagship credit fund.
TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.
In Second Opinion, the NASDAQ hits 5000 for the first time in 15 years, Google confirms plans on becoming a wireless carrier and Kleiner Perkins General Partner John Doerr is expected to testify in the Pao gender discrimination trial.
This week’s job opportunities include a family office vice president at Blackstone, private equity legal counsel at GIC and a private equity senior manager at Standard Chartered Bank. Also, Bay Hills Capital is looking for either an analyst or associate.
