Banking on a good exit


Last month’s $330 million deal involving SunPower and PowerLight has put one VC group well on the way to raising a second fund of $200, whcih double its previous effort, according to PE Week reporter Alex Haislip.

The Bay Area Equity Fund invested $5 million in PowerLight’s Series C deal last year, and the investment is certain to pay off as the fund markets its latest vehicle, Haislip reports.

PE Week subscribers can read the story here.
Also in this week’s issue, Dan Primack writes about how Bain Capital has almost invested all of its $10 billion fund, and we also report how LA-based Zone Ventures has launched a third fund. All that and more in this week’s issue of PE Week.