Firms and Funds

NeoCarta Ventures NeoCarta raised its first and only fund back in 1999, snaring $275 million. It’s still got eleven portfolio companies, but no ability to add new ones. Among the remainders are Handango, Meru Networks, Silverpop Systems and Waterfront Media. NeoCarta was formed by former members of TTC Ventures and GE Equity. Its goal was to invest […]

Oxford Bioscience Partners Update: An attorney for Oxford writes in to tell us that the firm should be excluded from this list, as its latest fund still has 33% of its capital remaining. He adds that Oxford just invested in GloriOil, a Kleiner-backed startup using biotech to enhance oil field recovery. So Oxford is being at […]

CenterPoint Venture Partners Texas-based CenterPoint Venture Partners last raised a fund in 2001, when it secured $282 million for CenterPoint Venture Fund III. That vehicle’s investment period has since expired (although it has reserves for existing portfolio cos.), and it has no current plans to raise new capital under the CenterPoint banner. In other words, […]

Sequel Venture Partners Sequel is the last of three Colorado-based firms on our list, but its predicament is pretty much like the first two. No new capital since raising its $180 million third fund in 2001, which means no new deals. That third fund actually has a positive IRR and positive cash-on-cash return, according to […]

Worldview Technology Partners Worldview is a self-described zombie, having decided in 2006 that it would not raise a fifth fund. The San Mateo, Calif.-based firm had been in the midst of substantial personnel turnover, and didn’t exactly have a recent track record that inspired much LP confidence. So it punted on Worldview V — despite over […]

LONDON (Reuters) – The Danish labour market pension scheme, ATP, said on Thursday it has made its first foray into clean energy with a $400 million investment in a renewable energy private equity fund. The scheme, known for looking beyond the traditional asset classes preferred by European pension funds, has invested in the Hudson Clean […]

NEW YORK (Reuters) – Texas-based private equity firm TPG wrote down the value of investments in its latest buyout fund by 29 percent at the end of 2008, according to a document obtained by Reuters on Wednesday. TPG Partners VI is a buyout fund of about $19 billion in size which the firm finished raising […]

West Hill Partners has ended 18 months of fundraising for what would have been its debut vehicle, according to an LP source. The firm failed to approach its $500 million goal, leading its existing investors to terminate their commitments. West Hill Partners, based in Boston, was founded in mid-2007 by alums of buyout firm J.W. Childs. The firm had secured commitments from Ontario Municipal Employees Retirement System and Adams Street, among others. OMERS had committed $75 million, a source said. The total amount raised was $120 million, according to

With fundraising hard and sliding stockmarkets hurting the value of private equity firms’ portfolio values, firms are increasing their efforts to talk to investors. A recent KKR letter addressed to its LPs (dated Feb 6) details that it will be communicating more in the coming year. Some extracts after the jump...

e-Therapeutics raises £2m