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5 Questions for Ray Rothrock

By Dan Primack — 11 years ago

Venrock Associates today is announcing that it has raised $600 million for its fifth fund, and also that it has hired former Spark Networks (a.k.a. JDate) CEO David Siminoff as a partner in charge of media investments. Oh, and it’s also dropped “Associates” from its masthead. So let’s play 5 Questions with Ray Rothrock, one of […]

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SEIU to Buyout Firms: Let’s Share

By Dan Primack — 11 years ago

Updated after jump: The Service Employees’ International Union (SEIU) has just released a 44-page report that asks buyout firms to share their prosperity with the workers at their portfolio companies. I just got my copy and am about to hop on an SEIU media call, but here are its three basic points: 1. The buyout industry […]

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Self Promotion Alert

By Alastair Goldfisher — 11 years ago

I’m a panelist in VC Taskforce‘s Meet the Press event tonight in Redwood City, Calif. Len Rand of Granite Ventures is moderating the discussion, which will cover what makes news, and what doesn’t. I imagine that there will be a fair number of Valley-based startups in attendence, with their respective flaks, wondering how best they […]

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VC Investing at Six-Year High

By Dan Primack — 11 years ago

Venture capital disbursements reached a six-year high of $7.1 billion in Q1 2007, according to new MoneyTree data released by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial. I’m still going through all the information, but here are some docs: Full data: MoneyTree_data.xls. Press release: Q1_PR.doc; Presentation given yesterday to media members: Moneytree Analyst Call_1Q2007.pdf […]

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PEHub Twitter-stream?

By Alexander Haislip — 11 years ago

Blog:PEHub.com::Twitter:???? What would you want in the way of a VC-Twitter stream? Is there some way our smart journalists can use this new technology to give you, the readers, something of value?    

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Goldman Gets Bragging Rights

By Dan Primack — 11 years ago

Goldman Sachs may not have Henry Kravis’ respect, but it does have something else that Kravis covets: The largest private equity fund ever raised. The Wall Street titan today announced that it has closed its sixth GS Capital Partners fund with $20 billion in capital commitments, which easily tops the $18.1 billion that Blackstone had […]

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India Posts Strong Quarter

By Alexander Haislip — 11 years ago

Venture investment in India grew substantially during the first quarter of 2007, with the number of deals nearly tripling over the same period in 2006, according to data from Thomson Financial (publisher of PEHub.com). VCs invested nearly $640 million in 37 Indian companies in the first three months of the year, up from the $53.5 […]

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EMG: From Dallas to China

By Dan Primack — 11 years ago

Last Friday was the first time I ever spoke to Ed Ewing, chief executive of Dallas-based turnaround firm Ewing Management Group. I also got the sense that it might be the last. Not a big fan of the press, to be certain, particularly when it comes to matters that Ed doesn’t think concern them (me). […]

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Carlyle Needs New CFO

By Dan Primack — 11 years ago

John Harris has decided to step down as Carlyle Group’s chief financial officer, after about ten years on the job. All indications are that the move is amicable (legitimately so, not PR speak for “we hate each other’s guts”), with Harris expected to become a senior advisor to the firm. A Carlyle spokesman confirmed the […]

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Improving the PE Image in Europe

By David Silver — 11 years ago

Private equity has become the subject of extensive debate here in Europe. In particular, much has been made of the tussle between the unions and the large buyout funds. Little of the criticism is justified, although there is widespread recognition that disclosure by private equity firms, and their portfolio companies, can be improved. There has […]

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Help a Desperate Intern

By Dan Primack — 11 years ago

Is your firm looking to hire summer interns from the current crop of first-year MBA candidates? That’s right, we’re almost ready to launch our annual Desperate Interns Drive. It’s basically just like the  Internship Rodeo we ran a few months back, except it’s a bit later in the game for both prospective employers and employees. […]

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Romney Rakes in LBO Dough

By Dan Primack — 11 years ago

Wall Street may favor Barrack Obama, but buyout pros are firmly behind former colleague Mitt Romney. The ex-Bain Capital chief raised approximately $257,525 from buyout pros in Q1 2007, according to data compiled by peHUB.com (LBO_Donors.xls). This compares to just $85,350 for Obama, $47,900 for Hillary Clinton, $47,900 for Rudy Giuliani and $41,450 for John […]

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An Exclusive Club?

By Dan Primack — 11 years ago

Spotted in the crowd at Buyouts Symposium East was Doug Lowenstein, head of the new Private Equity Council. So I ambled over, and asked why all of the inaugural PEC members are part of the “mega-fund” community? Does it indicate that PEC will be an exclusive club focused on the needs of the few, rather […]

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LPs: Venture Returns Too Concentrated

By Joanna Glasner — 11 years ago

The National Venture Capital Association made an exception to its annual meeting methodology this week, by opening up the majority of panels to the press. Observing most of the proceedings, it’s hard to say there was much reason to avoid the media spotlight. Venture capitalists and the ecosystem of entrepreneurs, investment bankers and corporate acquirers […]

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Next big thing: Distressed debt funds?

By Larry Aragon — 11 years ago

As tech buyouts get more and more competitive, some PE firms are bidding up deals through overly aggressive debt. That’s what Alex Slusky of Vector Capital and Robert Smith of Vista Equity Partners said during my tech buyouts panel yesterday at the Buyouts Symposium. They both half-jokingly said that they plan to raise distressed debt […]

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The Clear Channel Lesson

By Dan Primack — 11 years ago

Bain Capital and Thomas H. Lee Partners blinked yesterday, when they agreed to up their per share bid for Clear Channel Communications from $37.60 to $39. Early indications are that the increase still might not sway opposition shareholders like Fidelity Investments, but the move lends credence to an argument far larger than any one deal: […]

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Predicting Future Performance

By Dan Primack — 11 years ago

Every private equity firm brags in public about how it’s funds are top-quartile, but it’s often a different story once they get behind closed doors with prospective limited partners. Some firms can legitimately maintain their public face, but the vast majority plead for why things will be different the next time around. Unfortunately, it appears […]

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Musical Chairs at NVCA

By Dan Primack — 11 years ago

The National Venture Capital Association yesterday announced that Ted Schlein of Kleiner Perkins would succeed Bob Grady as chairman for the upcoming year. But, as Alex Haislip reported last year, the job had originally been expected to go to board member Heidi Roizen of Mobius Venture Capital. So, what happened? In short, Mobius decided not […]

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