Today's News and Views

Showing all categories

Latest News

Female VCs Speak Out

By Alexander Haislip — 11 years ago

Coworker Joanna Glasner did an awesome job interviewing four female VCs about their work and careers last month. You can catch the video online if you missed the event. The event was hosted by Girls in Tech, a burgeoning network of Silicon Valley women spearheaded by Laurie Anne Lassek and Adriana Gascoigne. Picture thanks to […]

Continue

PE Fund Performance Data

By Dan Primack — 11 years ago

UTIMCO is the granddaddy of private equity disclosure – having been the nation’s first public institution to intentionally release fund-level return data (CalPERS previously did so by accident). But you still can’t get updated numbers on the UTIMCO website, as you can for CalPERS, CalSTRS, UC Regents, Oregon, Washington, etc. Instead, you’ve got to make […]

Continue

Bertram Considers Diversification

By Dan Primack — 11 years ago

Sometimes you can learn something from a regulatory filing, besides just how much money a company raised. Case in point is a recent Form D from Rocketon Inc., a San Francisco-based MMO gaming startup, which has called down $500,000 of an $800,000 Series A commitment.  The rub here is that the investor is something called […]

Continue

Healthcare Boomlet?

11 years ago

Consistent with Dan’s boomlet theory, recent market volatility probably won’t create a wave of new healthcare activity, but it should change the dynamics a bit. Healthcare has generated a steady stream of activity for several years, and the drivers in the healthcare business continue. And, with the amount of equity placed in the sector by […]

Continue

General Atlantic (Intentionally) Buries the Lead

By Dan Primack — 11 years ago

Public relations 101 dictates that there are only two reasons to send out press releases at 5:20pm the Friday before Labor Day: (1) Because it’s bad news, or (2) Because it’s good news that you’re hoping will go unnoticed for strategic reasons. It seems like General Atlantic falls into the latter category, with an announcement […]

Continue

From the Filings…

By Dan Primack — 11 years ago

What follows is a set of VC funding items culled from recent Regulation D filings with the SEC. None of these deals has been otherwise announced: ClearEdge Power, a Hillsboro, Ore.-based fuel cell develops, has secured around $6.47 million of a $19.47 million Series C round. The only listed backer is existing shareholder Applied Ventures. […]

Continue

Mid-Atlantic Movement

By Dan Primack — 11 years ago

Intersouth Partners today announced that partner Don Rainey is leaving “to join another venture capital firm.” peHUB has learned that mystery firm is Grotech Capital Partners – which is where the more interesting story seems to be. Grotech employs a stage-agnostic investment strategy, with a focus on companies located in the Mid-Atlantic and Southeastern regions. […]

Continue

Carry Tax Debate Alive in Senate, Too

By Joanna Glasner — 11 years ago

The Congressional debate over tax treatment of carried interest – a topic much of the private equity industry thought (and hoped) had petered out over the summer – is poised for revival in the Senate as well as in the House. Starting in September, the Senate Finance Committee plans to begin tackling the issue of […]

Continue

5 Questions for John Scarano, Co-Founder of Zayo Bandwidth

By Dan Primack — 11 years ago

Zayo Bandwidth, a Louisville, Colo.-based regional provider of fiber-based network services, today announced that it has raised $225 million in private equity funding. Backers include Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures. The company is co-founded by Dan Caruso and John Scarano, who previously ran ICG Communications and its […]

Continue

Next Thursday: Private Equity Tax Hearing

By Dan Primack — 11 years ago

The House Ways & Means Committee today announced that it will hold a hearing next Thursday on the carried interest tax issue. It will begin at 10am, and also will include other “tax fairness” issues like the impact of the AMT on working families. In a statement, committee chairman Charlie Rangle said the following: “One […]

Continue

Oaktree Joins Hung Bridge Club

By Dan Primack — 11 years ago

Oaktree Capital Management has decided to help loosen some of the “hung bridges” that are currently strangling Wall Street. Sources tell me that the Los Angeles-based firm is raising between $3 billion and $5 billion for a new fund that will buy up LBO-related debt that banks have been unable to place. It is being […]

Continue

Who’s Selling Parlano?

By Dan Primack — 11 years ago

Microsoft yesterday announced that it is acquiring Parlano Inc., a Chicago-based maker of the MindAlign enterprise group chat application. Seems like a typical tech M&A deal, but Parlano has an unusual funding history. The company was originally formed back in 2003, when Golden Gate Capital and Oak Investment Partners acquired the collaboration assets of Divine […]

Continue

The Return of Corporate VC

By Dan Primack — 11 years ago

Corporate venture capital has made a comeback, after years of being dismissed and degraded as an example of bubble-era excess. This is based on new data released this morning by the MoneyTree Three of PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial (publisher of peHUB). Corporate VCs invested $1.3 billion into 390 deals during the […]

Continue

Strategic M&A Boomlet Ahead?

By Dan Primack — 11 years ago

I’ve been playing around with the idea that we could soon see a boomlet in corporate M&A, thanks to the credit crunch. My tentative thesis is that companies have been hesitant to make certain acquisition inquiries, for fear of being topped by private equity firms that have much cheaper costs of capital. But with that […]

Continue

A Preemptive Price Reduction

By Dan Primack — 11 years ago

We now have a second take-private buyout whose price was reduced due to credit market woes. Actually, it seems to have been the first one. More than a month before Home Depot Supply became a business page soap opera, Platinum Equity cut its offer for metal processor Ryerson Inc. (NYSE: RYI) from $37.50 per share to […]

Continue

And The Winner Is…

By Dan Primack — 11 years ago

Earlier this year, I was asked to compile a list of VC firms investing in New England-based life sciences companies. More specifically, I was asked to rank them. This was largely a thankless task, since it was bound to piss off any number of people (including some of my sources). But then I realized that […]

Continue

From the Filings…

By Dan Primack — 11 years ago

What follows is a set of VC funding items culled from recent Regulation D filings with the SEC. None of these deals has been otherwise announced: Analogix Semiconductor Inc., a Santa Clara, Calif.-based chipmaker, has raised nearly $14 million in Series B-2 funding. Return backers include DCM, Globespan Capital Partners and Woodside Fund. Analogix previously […]

Continue

Bulls & Bears

By Dan Primack — 11 years ago

Email of the Day comes from Dale: “Dan, you’ve been reliably bearish over the past two years, insisting that the credit markets would eventually stop providing such cheap debt to private equity firms. Then once it finally happens, you begin talking ‘bull’ about how the market will survive, deals will get done, etc. I’ve concluded […]

Continue