File photo of Lynn Tilton, chief executive officer of private equity firm Patriarch Partners, speaks at the 2009 Reuters Restructuring Summit in New York September 29, 2009.  REUTERS/Mike Segar

PE HUB Second Opinion

In Second Opinion, Greece asks for a third bailout, Apple is fined $450 million for ebook price fixing and Lynn Tilton fails to block the SEC from trying her for defrauding investors.


peHUB Second Opinion

In Second Opinion, the Arkansas governor rejects religion bill after pressure over gay discrimination, Lynn Tilton and Patriarch Partners file counter-suit against the SEC and Sprint settles U.S. class-action lawsuit for $131 million.

Top 10 Posts this Week Focus on San Francisco Shindig Photos, Connecticut’s Hits and Misses and Ben Smith’s Take on Entrepreneurship

You just love to look at yourself, don’t you? Photos of our recent San Francisco Shindig were by far the most popular post on peHUB this week, judging by pageviews from our regular readers. Other top posts included Connecticut’s biggest hits and misses with PE and VC investments, Ben Smith’s take on entrepreneurship and Halsey Minor’s reflections on Steve Jobs.

ONE: Shindig Photos: Lookin’ Good, San Francisco!by Lawrence Aragon
TWO: Connecticut’s Biggest PE/VC Hits and Misses (slideshow)by David Toll
THREE: Ben Smith: There’s More to the Startup Game than a Post-Exit Payday. It’s Called Fishingby Ben Smith
FOUR: SLIDESHOW: Ivy League Endowments – Who Did Best In FY2011? (subscribers only) – by Gregory Roth
FIVE: Ex-Houlihan Bankers Launch Firm to Target Technology & Services Companies in Luisa Beltran
SIX: Woof! Woof! The 10 Biggest Dogs in UTIMCO’s Portfolio (slideshow) (subscribers only) – by Lawrence Aragon
SEVEN: Halsey Minor: What Steve Jobs Taught Meby Halsey Minor
EIGHT: Lynn Tilton Didn’t Get Her Reality Show But Will Be on 20/20 This Weekby Luisa Beltran
NINE: Q3 VC Deals Surge in NY, Texas and Northwest, But Falter in New England, LA and Midwest (slideshow)by Mark Boslet
TEN: RockPort Feels Pain from Betting Big on Solyndra, Going ‘All In’ on Cleantechby Nichola Groom and Sarah McBride, Reuters


Strike a Pose, Andrew Nikou! OpenGate CEO in Reality Show Talks

Ever since Sundance nixed Lynn Tilton’s reality show a few months ago, I’ve been waiting for the next PE/VC exec to strike a deal.

Now a reliable source tells me that Andrew Nikou, OpenGate Capital’s founder and CEO, is in talks for his own show. It’s not clear whether the reality show will be a competition, or what the prize will be, or if there will be a prize. Instead, Nikou will be mentoring companies — entrepreneurs and small businesses with revenue of $20 million to $25 million — and helping them grow their businesses. The show is geared as a combination of “Undercover Boss” meets “The Apprentice,” I’m told.

“It’s a show that’s not focused on nonsense but on issues

Top 10 Hub Posts this Week Feature Compensation Data, Lynn Tilton, VC Returns

Catch up on what your colleagues found most interesting on peHUB this week. Posts that garnered the most pageviews from regular readers from June 6 to June 10 focused on compensation data; venture returns at UTIMCO; most active PE buyers for Q2; Austin Ventures decision to hire a chief compliance officer; Gridiron Partners holding a first close; outrage over Lynn Tilton’s plans to take one of her companies into bankruptcy; and more.

1. Slideshow: Who Makes The Most Money Of All?, by David Toll

2. Slideshow: UTIMCO’s Top 5 Venture Capital Investments, by Mark Boslet (subscribers only)

3. Slideshow: Q2’s Most Active Buyers, by Bernard Vaughan (subscribers only)

4. Excerpt: Sub Debt Coming in More Flavors, by Steve Bills

5. TPG Capital Is Planning $1B BDC, by Steve Bills

6. Why Did Austin Ventures Hire A Chief Compliance Officer?, by David Toll

7. Job Moves: Kleiner Lures Huang from Vivo, CalPERS Gets Real, Founders Fund CFO Moves On, More, by Joanna Glasner (subscribers only)

8. Lynn Tilton Blasted for Bankruptcy Conflicts, by Tom Hals, Reuters

9. Conn. Firm With Ties To Pro Sports Holds $147M First Close: Source, by Bernard Vaughan

10. Cerberus’ Feinberg Foresees Smaller Funds, by Megan Davies, Reuters

Lynn Tilton Blasted for Bankruptcy Conflicts

WILMINGTON, Del., June 7 (Reuters) – Self-proclaimed billionaire Lynn Tilton has dumped one of her retail companies into bankruptcy to rinse it of its debts while maintaining control, according to an attorney for a leading creditor. The Internet and catalog retailer of women’s fashion, Signature Styles LLC, filed for bankruptcy late on Monday. The business […]

peHUB First Read

This is Unfortunate: Seems there was a patent suit filed against Skype as its Microsoft deal was closing

Good Enough for Lobster: Former SAC trader testifies on “perfect” inside tips

Nails Off the Numbers: Dykstra charged with grand theft auto, drug possession

No Culprit? German officials can’t say what tipped off E. coli outbreak now

Social Scene: Tilton Battles Forbes, Redlitz Gets His Hands Dirty, Parker Proposes, Birthday Wishes, More

In this week’s Social Scene, Diva of Distressed Lynn Tilton goes to war with Forbes, Ethernet inventor/VC Bob Metcalfe settles into his fifth career, new NVCA Chairman Paul Maeder explains “bublet,” Founders Fund’s Sean Parker takes himself off the market, Garage Technology Ventures’ Bill Reichert is three days away from his birthday, and lots more.


Venture capitalists turned out in full force for this year’s annual meeting of the National Venture Capital Association in Boston. My colleague Joanna Glasner was there and shared some of her observations — including the significance of the line for the women’s bathroom — yesterday. Here are more of Joanna’s musings:

Happy Birthday to Venture (and Bob Metcalfe)… Bob Metcalfe turned 65 yesterday -– and he wasn’t afraid afraid to tell everyone. The Ethernet inventor, 3Com founder, Polaris Venture Partners partner and, most recently professor of innovation at the University of Texas at Austin, announced the milestone to a mostly-VC audience of several hundred.

Social Scene: The Week in Personalities

Welcome to a new weekly feature called “Social Scene,” where we compile personality-related news from the worlds of venture capital and private equity. We’re starting off by trolling for tidbits on Facebook, Twitter and other social media platforms, but long-term we want to get items straight from peHUB readers. What are we looking for? Birthdays, […]

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