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Chase CDO Fund Debuts Broader Strategy

18 years ago

The private equity affiliate of Chase Manhattan Bank has created the first in a proposed series of specialized funds that will expand Chase’s investment presence in a swatch of sectors from high-yield corporate bonds to non-investment grade bank loans. Chase Capital Partners has closed a $1 billion collateralized debt obligation (CDO) fund, Octagon Investment Partners […]

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Essex Kicks Off $50M Venture Fund

18 years ago

Essex Investment Management in July will launch a late-stage venture capital fund open to both private clients and institutional investors, said Dan Beckham, a principal and portfolio manager for the firm. The fund, which will cap at $50 million, will invest in communications technology companies-software, electronics, telecommunications and the Internet, for example-that are likely to […]

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Quallaby Manages $9M Venture Network

18 years ago

Woburn, Mass.-based network management software developer Quallaby Corp. raised $9.5 million last month in its second round of venture financing. Commonwealth Capital Ventures of Wellesley, Mass., led the transaction followed by first round investors North Bridge Venture Capital and Matrix Ventures. Following the transaction, Rob Chandra of Commonwealth will join the company’s board of directors. […]

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Qwest Leads $251M Investment in ART

18 years ago

Publicly traded Advanced Radio Telecom Corp. (ART) of Bellevue, Wash., has received commitments for $251 million in private financing, in what is said to be one of the largest equity rounds for an early-stage telecommunications company. The deal, which is subject to ART shareholder approval, is expected to close in the third quarter. Denver-based Qwest […]

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Blackstone/AIG Launch Asian Advisory Partnership

18 years ago

Asian corporations are slowly reeling back in American investment firms. Last week, The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group Inc. (AIG), formed a partnership that will focus on advising companies throughout Asia on various financial situations. The two firms have an exclusive collaboration agreement in […]

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W.R. Hambrecht Closes $50M First Round

18 years ago

Epartners, a $300 million investment vehicle of media conglomerate News Corp, made its first investment May 28, taking a minority stake in W.R. Hambrecht & Co.’s $50 million first-round financing. Epartners would not disclose the amount of its investment in the round, which saw four other strategic investors join the newly formed corporate fund, said […]

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Cadabra Pulls $6M Round Out of Hat

18 years ago

Cadabra Design Automation Inc. recently received $6.25 million in its second round of private equity financing. The Santa Clara, Calif.-based company sells software to companies that design integrated circuits. CMEA Ventures led the funding, which also saw investments from Synopsis Inc. and Access Technology Partners. Several executives in the circuit design industry also made individual […]

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Europeans Speak Transparent Language

18 years ago

After nearly a decade of developing language learning and translation technology for the Internet, consumer and corporate markets, Transparent Language Inc. last month raised $7.7 million its first institutional round of private equity financing. The Hollis, N.H.-based company intended to collect $3 million to $5 million in the round, but decided to raise the maximum […]

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Access Radiology Grabs $5M Third Round

18 years ago

Access Radiology Corp., a Lexington, Mass.-based electronic radiology image distribution company, held a $5 million close May 17 on its third round of venture funding. Zero Stage Capital of Cambridge, Mass., committed $1 million as the sole new investor in the round. Existing investors Bessemer Venture Partners, Delphi Ventures, Pacific Venture Group and Seaflower Associates […]

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Techies.com Engineers $13M Round

18 years ago

Techies.com has decoded a problem faced by many technology professionals who seek new employment. The Minneapolis-based company develops local career communities that provide job seekers with extensive career information and advice, as well as job listings. To that end, Techies.com recently received $13.6 million in its second round of venture financing. Omega Venture Partners, an […]

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World Commerce Online Receives $8M

18 years ago

Interprise Technology Partners of Miami recently invested $8 million in World Commerce Online Inc. The Orlando-based company creates communication and transaction channels shared by e-commerce companies that distribute perishable goods. The company has partnered with the Wholesale Florist and Florist Supply Organization to develop a secure e-commerce network for the floral industry. “We are essentially […]

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Two Texas Techs Emerge from Incubator

18 years ago

Following the intended path to maturity, two StarTech companies have received first round financing, thus emerging from the Richardson, Texas-based incubator. Fast Software Corp. was formed last September when, according to StarTech President Matt Blanton, two professionals from Deloitte & Touche brought in an enterprise resource planning software product. The company received $310,000 in seed […]

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News – QuestMark Seeks More for First Fund

18 years ago

Still hoping to raise an additional $40 million before a June 30 final close, QuestMark Partners LP has begun investing the $210 million already committed to its first fund. Last week, QuestMark invested $10 million in ZapMe!, a provider of Internet and interactive services to schools. Earlier last month, the fund invested $11 million in […]

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DEN Receives $26M After Launch Boost

18 years ago

As traditional media and the Internet converge, content is produced that combines the reactive sensation of watching television with interactive capabilities. The target audience for this type of programming falls between the ages of 14 and 24, or Generation-Y. Not only is this demographic the most coveted among advertisers, but it is assumed by entertainment […]

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Soft-Market Retains Agent for $3M Round

18 years ago

Philadelphia-based Soft-Market Inc. said last week it had retained Sigmund Hartmann of Universal Microtechnology Inc. (UMI) to advise and negotiate Soft-Market’s second round of financing. The round has a target of $3 million and will be launched later this month, said Soft-Market Chief Executive Mitch Rosenberg. The round will likely consist of common stock, although […]

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Centillium Jacks Up $38M Third Round

18 years ago

Capitalizing on the breadth of interest in digital subscriber line (DSL) technology, Centillium Technology Corp. of Fremont, Calif., raised $38 million in its third round. Integral Capital Partners of Menlo Park, Calif., led the new investor group that also included General Motors Investment Management, GE Equity Capital, Goldman, Sachs Group, J&W Seligman & Co., Velocity […]

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Prio Nets $25M Series F Round

18 years ago

Prio Inc. of Mountain View, Calif., recently raised $25 million in its Series F round of venture capital financing. Investors in the round included Knight-Ridder Investment Co., American Express Travel Related Services, Softbank Technology Ventures IV LP, DataCard Corp. and other financial investors. BancBoston Robertson Stephens acted as placement agent on the financing. The company […]

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Spring Tide Rides In $16M Second Round

18 years ago

Spring Tide Networks Inc. raised $16.7 million May 28 in its second round of venture capital financing. The Boxborough, Mass.-based company develops network carrier equipment that allows service providers to offer Internet protocol (IP) services. Oak Investment Partners’ Palo Alto, Calif., office led the round. Existing investors North Bridge Venture Partners and Matrix Partners each […]

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