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The Tax Man Cometh?

By Dan Primack — 11 years ago

The convergence of hedge and private equity funds has been one of the most overplayed stories of the past few years, but the linkage seems to have beencemented in the minds of folks like Senator Chuck Grassley (R-IA). This isn’t to say that Grassley can’t distinguish between hedge and private equity (he can), but rather […]

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Blackburn Lands at Hamilton Lane

By Dan Primack — 11 years ago

I really don’t want to keep writing about the travails of Pacific Corporate Group, and agree with some critics (mostly within PCG) who suggest that it’s devolving into dangerous obsession. But as long as the scoops keep coming, I’ll keep sharing… The latest is that Tara Blackburn has agreed to join Hamilton Lane Advisors, effective […]

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VCs Oppose India Options Tax

By Alexander Haislip — 11 years ago

Kleiner Perkins Caufield & Byers has entered into a consortium of entrepreneurs and venture capitalists lobbying India’s minister of finance to rescind plans to tax stock options that companies grant to employees, partner Ajit Nazre told PEHub.com. Minister of Finance P. Chidambaram announced the 35% options tax at the end of February in a speech […]

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Draper Still Eyeing Russia, Turkey

By Joanna Glasner — 11 years ago

Draper Fisher Jurvetson’s efforts to start a fund focused on Russia and Ukraine are still underway, managing director Tim Draper told attendees of the Stanford Global Technology Symposium Thursday in Palo Alto, Calif. “We’ve had two false starts and we keep plowing ahead,” Draper said. “We’re running as fast as we can.” DFJ is also […]

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5 Questions for Bob Boldt

By Dan Primack — 11 years ago

Bob Boldt, former head of the University of Texas Investment Management Company (UTIMCO), today joined Perella Weinberg Partners as head of a new asset management unit called Agility. Bob is an unsung private equity legend, so let’s ask him 5 Questions: 1. Many press reports of your hiring suggest that this is yet another case of […]

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Unsung PE Legend Joins Perella Weinberg

By Dan Primack — 11 years ago

Bob Boldt, former head of the University of Texas Investment Management Company (UTIMCO), has agreed to join Perella Weinberg Partners as head of a new asset management unit called Agility. He actually had stepped down from UTIMCO late last year, but his destination was only revealed today. The lead story here is that yet another […]

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MDV Leaves Pixim Fold

By Dan Primack — 11 years ago

Pixim, a Mountain View, Calif.-based maker of chips for video security and surveillance cameras, yesterday announced that it had raised $15 million in new VC funding. It’s the company’s first round since a $12 million VC recap in 2005, which came after VCs had invested around $75 million (mostly during the bubble). The recap round […]

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PCG: Positive Progress?

By Dan Primack — 11 years ago

Some interesting news out of Pacific Corporate Group, which today said that David Fann would serve as president and CEO of the PCG Asset Management spinout. No, the announcement itself isn’t terribly interesting, but rather some background info provided by Fann himself (via a spokesman). Specifically, he addressed two issues raised previously in this space: […]

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Grassley Pushes for PE Firm Tax Changes

By Jeremy Harrell — 11 years ago

Federal legislators are mulling a proposal to treat carried interest compensation for private equity and hedge fund professionals as ordinary income rather than capital gains. The move would instantly propel the biggest pool of private equity compensation into a much higher tax bracket. Salaries and bonuses earned by private equity professionals come from fund management […]

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Enjoy your wealth

By Larry Aragon — 11 years ago

Remember Larry Bock? Back in 2002, Venture Capital Journal dubbed him “the most successful venture capitalist you’ve never heard of.” At that time, 11 of the 16 biotech companies he had seeded boasted an aggregate market cap of more than $14 billion and another two had been acquired for more than $1 billion. Not content […]

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Smartphone Industry Poised for Innovation?

By Alastair Goldfisher — 11 years ago

I’m in the market for new cellphones for my wife and me. She wants to replace her small clamshell with a smartphone so she can check email and keep tabs on her schedule (though, frankly, I’m not sure why since she always loses her phone and never keeps it charged, which as her co-dependent, I […]

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Artis Unlisted in Aruba S-1

By Alexander Haislip — 11 years ago

Aruba Wireless revealed it would price shares in its initial public offering between $8 and $10 per share, according to a regulatory filing. Aruba raised a total of $86 million in four rounds from investors, according to Thomson Financial (publisher of PEHub.com). The company is compelled by securities law to list any owners of more […]

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Shock Marketing

By Alexander Haislip — 11 years ago

The American Red Cross parked a truck in the middle of the plaza that separates Market Street from the Embarcadero Wednesday. Each side of the truck carried a 10 foot by 20 foot picture of destruction: San Francisco ripped apart by an earthquake, the emblematic clock tower of the Port of San Francisco fissured and […]

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Iconix Owns Part of RockYou

By Alexander Haislip — 11 years ago

Update: RockYou is in the middle of fundraising talks with Partech International, a person involved in the deal says. The deal has not closed. Iconix, the company that sued two of its former employees for walking off with proprietary software they later used to found RockYou, now counts itself as a beneficial owner of the startup and […]

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Document Dump

By Dan Primack — 11 years ago

Just clearing off the desktop… * Law firm Paul Weiss this morning sent a client memo about how Congress might change tax laws affecting investment funds. Key line: “Significant consideration is also being given to carried interest issues, with the focus being whether to characterize that income as compensation for services and not as long-term […]

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Google Phone Could Be Bad for VCs

By Larry Aragon — 11 years ago

Simeon Simeonov should think about giving up his job as a VC at Polaris Venture Partners and becoming a reporter. Check out his great post about a rumored Google phone on his blog, High Contrast. The part that stands out for me is that the main guy is a founder of Danger (maker of the hip […]

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CRV Is Not Buying BigBand

By Dan Primack — 11 years ago

Charles River Ventures is not buying BigBand Networks. Apologies for the self-obvious news flash, but two separate people have now inquired about the matter. At issue seems to be a the Federal trade Commission’s mid-February ruling that CRV would not be in violation of Hart-Scott-Rodino regs as related to BigBand. Such rulings do often portend […]

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Buying in Bulk

By Dan Primack — 11 years ago

During a 2005 speech in San Francisco, David Rubenstein of The Carlyle Group got asked if there was a tangible difference between mega-LBO firms and corporate conglomerates. He acknowledged some obvious similarities, but added one big distinction: LBO firms don’t acquire to indefinitely consolidate – they acquire to ultimately sell. Here’s another: Corporate conglomerates traditionally […]

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