Today's News and Views

Showing all categories

Latest News

Ridgelift Returns to Earth

By Dan Primack — 11 years ago

Updated Ridgelift Ventures is shutting down, after a fruitless year spent marketing its debut fund. The Woodside, Calif.-based firm was formed around 14 months ago by former USVP partner Stu Phillips and former Idealab managing director Robert Goldberg. The pair originally met seven years earlier, when Phillips led a USVP investment in browser add-on company […]

Continue

California is to France, what New York Is To…

By Dan Primack — 11 years ago

StrangeMaps has put together a fascinating map of how GDPs of certain states match up to GDPs of foreign countries. California is comperable to France, although actually lags slightly behind. Texas=Canada. Massachusetts=Belgium. Tennessee=Saudi Arabia…  

Continue

Defending the Indefensible: Permira, KKR, 3i, Carlyle and Blackstone

By Amanda Palmer — 11 years ago

Today I will be reporting live-ish from the Treasury Select Committee, part of the UK parliament, as Damon Buffini, managing partner of Premira, Dominic Murphy, partner at KKR, Philip Yea, chief executive of 3i, Robert Easton, managing director of the Carlyle Group and David Blitzer, senior managing partner of Blackstone attempt to defend what the […]

Continue

Hambrecht Exploring New Opportunities

By Alastair Goldfisher — 11 years ago

While Bill Hambrecht is trying to launch a new football league, with the financial backing of Google exec Tim Armstrong and Internet billionaire turned basketball team owner Mark Cuban, his prodigy Bob Hambrecht has his eye on cleantech. The younger Hambrecht has seen his last day at W.R. Hambrecht + Co., the San Francisco-based financial […]

Continue

The Road Less Traveled

11 years ago

Summer is an interesting time in the recruiting cycle. Newly minted MBA’s are looking forward to their new careers. Summer interns bring their fresh, eager faces and enthusiasm to offices across the country. Even senior-level candidates are still actively looking for their next opportunity, because we’re not so far yet into the year that leaving a […]

Continue

Self-Promotion Alert

By Dan Primack — 11 years ago

I’ll be on CNBC’s Squawk Box program tomorrow morning at 6:20am, to discuss recent turmoil in the UK private equity market. We’ll chat about last week’s resignation of BVCA president Peter Linthwaite, tomorrow’s expected Treasury committee grilling of LBO bosses like Permira’s Damon Buffini and what all this may mean for the U.S. market. Oh, […]

Continue

Blackstone IPO: Full Steam Ahead

By Dan Primack — 11 years ago

Forget all that talk about Blackstone delaying or (gasp) canceling its IPO, in response to a proposed federal law that would nearly double its tax burden. Instead, it’s planning to price sooner than expected. The Blackstone IPO is now set to price this Thursday night. It had previously been on the calendar for next week.  No […]

Continue

Takeover Target

By Amanda Palmer — 11 years ago

The summer season is well under way in England, and today is the opening day of Ascot. But instead of skiving off to the track like most of the British chattering classes – I’m here blogging for you. But that doesn’t mean I can’t have a flutter. One of the big stakes races today is […]

Continue

Fund of Funds for Entrepreneurs

By Alexander Haislip — 11 years ago

EB Exchange Funds, a San Francisco-based firm designed to reward startup founders with liquidity, expects to close its third fund later this month, founder Larry Albukerk told PEHub.com. The little-known firm creates a portfolio by inviting entrepreneurs and executives to contribute some of their common stock from their startups to a larger pool, from which […]

Continue

Yang’s Jobsian Return

By Alexander Haislip — 11 years ago

If Jerry Yang starts wearing black turtlenecks, you’ll know Yahoo is ready to kick into high gear. The Internet beometh’s cofounder took over the company Monday after six years of Terry Semel NOT creating shareholder value. Sue Decker, the heir apparent CFO-turned president gets a promotion, but hasn’t been handed the top spot. Yang may […]

Continue

GGVer Plans Africa Fund

By Alexander Haislip — 11 years ago

Yemi Lalude, a principal at Granite Global Ventures, plans to leave the firm to raise a $75 million venture fund focused on development opportunities in Africa, PEHub.com. The fund will focus on Nigeria and South Africa, two of Africa’s fastest growing economies. Lalude expects to work with a wide variety of high-growth businesses that already […]

Continue

Sequoia China Growth Nears Close

By Alexander Haislip — 11 years ago

Sequoia Capital is nearing the final close on a $450 million growth fund, according to a regulatory filing. The firm started raising the fund last August, as PE Week first reported. The growth fund has raised $430 million and expects to pay salaries and fees to its officers, directors and affiliates of $96.8 million. Last […]

Continue

A Voice in the Crowd

By Dan Primack — 11 years ago

I was at Fenway Park on Friday night, to boo Barry Bonds watch the Red Sox play the Giants. One of my companions was a recent Harvard Biz School grad, who takes a certain level of academic interest in what I do. He asked how the work week had been, and I replied that it […]

Continue

DFJ Mulls Network Fund

By Alexander Haislip — 11 years ago

Draper Fisher Jurvetson plans to raise as much as $500 million for a new co-investment fund that would invest alongside its growing worldwide affiliate partners, Managing Director Don Wood told PEHub.com. The changes with the firm’s affiliate network comes after a year of defections in which it lost DFJ ePlanet Ventures, DFJ New England and […]

Continue

Hedge Funds, Private Equity and Side Pockets

By David Tom — 11 years ago

In my last post (Searching for Alpha), I commented on how applying hedge fund metrics to private equity fund performance creates unique complications. Recently another phenomenon in the convergence of alternative assets has emerged as a hot topic—hedge funds making investments in illiquid private companies. In a large buyout deal announced earlier this year, KKR […]

Continue

New VC Alert: Sante Ventures

By Dan Primack — 11 years ago

It can be pretty tough to launch a new VC shop in Texas, but that isn’t stopping a trio of former Austin Ventures pros who are going by the same of Sante Health Ventures. The firm began marketing its inaugural fund earlier this year, and indications are that it may be able to close by year-end. […]

Continue

CCMP Reshuffles Its Deck

By Dan Primack — 11 years ago

CCMP Capital made news today as a bidder for Home Depot’s supply unit, but a more interesting story may be going on behind the scenes. peHUB has learned that CCMP recently laid off three principals and one managing director, while another managing director has left for greener pastures. The roster reshuffling came after CCMP concluded that […]

Continue