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ATTIMCO Picks Angelica To Fill Post as Chairman –

19 years ago

Robert Angelica, president and chief investment officer of AT&T Investment Management Corp. (ATTIMCO), was promoted to chairman and chief executive of the pension following the retirement of Larry Prendergast in late June. Angelica will be responsible for investing and overseeing the $18.7 billion pension, where he has worked since its founding in 1992. “For the […]

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U.S. LBO Shops Face Off In Two European Deals –

19 years ago

A number of U.S. private equity firms in the coming months look set to participate in some high-profile acquisitions in Europe. In Germany, The Blackstone Group and Texas Pacific Group have joined forces with a syndicate of U.S. investors to acquire Deutsche Telekom AG’s cable television network, valued by some industry analysts at approximately $10 […]

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TPG and Stanton Split, Plan Technology Funds –

19 years ago

David Stanton, the head of Texas Pacific Group’s highly profitable technology investment team, is leaving the firm to form a technology buyout fund. At the same time, TPG is considering launching a buyout fund of its own that would target that sector, according to a spokesperson for the firm. James Coulter, a founding partner at […]

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Indiana Fund Seeks Private Equity

19 years ago

The $1 billion Indiana University Foundation of Bloomington, Ind., recently added a 5%, or $50 million, allocation to alternative investments and is now seeking private equity funds-of-funds to handle an initial $5 million to $8 million commitment, said Walt Koon, senior vice president of investments. “We’re basically doing what everyone else is doing, looking at […]

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Illinois Teachers Shift Private Allocation

19 years ago

The $22 billion Illinois Teachers’ Retirement System has adopted a new asset allocation mix that more than doubles its private equity allocation to 7%, boosting it by $880 million, and bumps international equities by 6%, or $1.3 billion, said Executive Director Keith Bozarth. Bozarth said it has not yet been determined whether the private equity […]

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Softbank Adds Staff, Creates Incubator

19 years ago

Softbank Technology Ventures has spent the last few months boosting its staff to help operate a new incubator and invest its fifth fund, a $600 million vehicle. The Internet-focused venture firm in July hired as general partners D. Rex Golding, a former co-head of technology banking at Morgan Stanley Dean Witter, and Heidi Roizen, a […]

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Halifax First Close Totals $150M

19 years ago

The founding partners of Halifax Capital Partners have witnessed the boom times for large scale private equity investing; however, the four launched a middle market fund earlier this year on the theory that future buyout and growth capital deal flow lies in the middle market. That thesis netted the new firm $150 million, as of […]

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CBS and Clear Channel Eye Minority Fund

19 years ago

Executives at CBS Corp. and Clear Channel Communications Inc. have confirmed that the media companies are in the process of raising a private equity fund that will invest exclusively in minority-owned media enterprises, including broadcast, print and new media. The fund, which will be in the multi-hundred million dollar range according to CBS Vice President […]

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LifeChart.com Raises Strategic Third Round

19 years ago

Abandoning plans to launch its own Internet company dedicated to managing chronic medical conditions, cellular communications provider Nokia Corp. recently committed capital and corporate resources in return for approximately a 20% stake in LifeChart.com. Last month, Mountain View, Calif.-based LifeChart.com raised $25 million through a combination of debt and venture financing. Nokia, which invested $3 […]

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Campus Pipeline Adds $25M to Curriculum

19 years ago

Campus Pipeline Inc. has developed an online portal that expedites several administrative tasks faced by college students, allowing them to focus on college essentials, such as pizza and Jerry Springer. The company operates a portal that integrates more than 400 university databases, allowing students to electronically enroll, register for classes, buy books and participate in […]

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Private Equity Suits Privada

19 years ago

Web weary software provider Privada, is set to protect users from the invasive data collection habits of many of the Internet’s most popular sites. Founded in 1997, Privada intends to tap the venture capital market for $5 million later this fall. Proceeds from the proposed equity offering will be used to expand its marketing and […]

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Two VCs, KKR Execs Put $29M on Desktop

19 years ago

Desktop.com cleared off the tables to rake in its $29 million first round of venture financing. Founded by the team that launched Four11’s Rocketmail, Desktop.com plans a mid-September launch for its product, details of which are being kept under wraps. “We are not at full disclosure on the product, but we decided that a bigger […]

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Competition Gets Ugly in Online Beauty Industry

19 years ago

Beauty supplies is one of several e-commerce areas that lacks a dominant player. To fill that void, several start-ups have attracted venture funding in hopes of building a prettified version of Amazon.com. Earlier this month, Gloss.com raised $20 million in its second round of venture financing. The San Francisco-based company, whose Web site is not […]

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Wit Adds Private Equity Fund to I-Banking Slate

19 years ago

Continuing the pursuit of its avowed goal of becoming a full-service online investment bank, Wit Capital Corp. closed its first private equity fund last week, raising $39.45 million from individual investors within its retail network. The fund, Arista Capital Partners LP, received an average commitment of $500,000 from the limited partners, said Ron Drake, a […]

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Generalist Firms Split Up into Two Specialists

19 years ago

In a move that may trigger a chain reaction in the venture community, general partners at Brentwood Venture Capital and Institutional Venture Partners (IVP) have combined to form two new firms that will specialize in early-stage investments in the information technology and health-care industries. The information technology firm, tentatively titled Project T-Rex, includes Brentwood partners […]

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Yupi Closes Sony Financing

19 years ago

Miami Beach-based Yupi.com received an equity commitment two weeks ago as part of a new strategic relationship with three divisions of Sony Corp. – Sony Corp. of America, Sony Pictures Entertainment and Sony Music Entertainment. Oscar Coen, Yupi’s president and chief executive, said the new relationships were intended to help his company access Sony’s technology […]

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Chase Strikes Two LatAm Internet Deals

19 years ago

Chase Capital Partners has just closed on two Internet deals in the Latin American region, said Susan Segal, Latin American group head at Chase Capital Partners (CCP). Segal said both sites – Viajo.com, and Sportya.com – are regional plays, rather than country-specific, and both are start-up companies. The firm invested a small amount of money […]

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Hotlinks Nets $2M Seed Round

19 years ago

Another early-stage company has raised venture capital without having to divulge the full scale of its product. Hotlinks, a new company in the midst of developing an Internet navigation system that aggregates Web sites and eases navigation, recently raised $2 million in its Series A financing from @Ventures, the venture capital arm of CMGI. “They […]

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