peHUB First Read
First Read helps close out another snowy week with news Apple Pay has been stung by low-tech fraudsters, Formation8 has been dropped from U.S. sexual assault lawsuit and Glenn Beck’s top execs quit to form digital media startup.
Featured Stories
Madison Dearborn to make 2.8x its money with Ikaria sale
The $2.3 billion sale of Ikaria Inc. is expected to produce a whopping 140 percent IRR for Madison Dearborn Partners after a one-year hold, a source said.
peHUB Second Opinion
In Second Opinion, Apple will launch its streaming music service in June, Mark Cuban says not only are we in a tech bubble but it’s worse than the last one and Ringling Bros. Circus will phase out elephant acts by 2018.
239 Views
The best way to score an investor meeting: VCJ
There’s no denying that VCs are busy people with hectic schedules, but the calendar app Tempo crunches the data to figure the code on how to best meet them.
Gains show up in Asian growth funds: VCJ
UTIMCO portfolio benefits from advances by Emerald Hill, Everstone.
277 Views
Kleiner ex-partner Pao to testify in own Silicon Valley bias case — Reuters
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.
399 Views
peHUB First Read
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.
232 Views
Head of KKR’s Australia business to retire
Justin Reizes, head of Kohlberg Kravis Roberts’ Australia business, is retiring from the firm, according to an investor letter recently sent to limited partners.
397 Views
KKR in talks to settle SEC probe of expense sharing
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.
403 Views
Linden Fund III raises $750 mln
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.
412 Views
peHUB Second Opinion
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.
296 Views
HGGC closes second fund at $1.33 bln
HGGC has closed its second fund at $1.33 billion, beating its $1 billion target.
597 Views
peHUB First Read
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.
916 Views
PE owners to show tiny gain on Freescale’s $16.7 bln sale
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.
187 Views
Doerr seeks to fend off Kleiner Perkins sexism charges: Reuters
John Doerr took the stand Tuesday in Ellen Pao’s discrimination suit against Kleiner Perkins Caufield & Byers, as the trial continues.
350 Views
peHUB Second Opinion
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.
160 Views
Former HP chairman admits ‘mistake’ in venture firm sexism trial: Reuters
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.
358 Views
Frontier Capital raises $390 mln for fourth fund
Frontier Capital has closed its fourth growth equity fund at $390 million, beating its $300 million target.
