Secondary PE Deal Making Strong In 2011, Thanks to Pension Funds

This year’s secondary market for private equity is expected to outpace last year’s, sources tell peHUB. LPs—particularly, pension funds—are doing more to get out of LBO firms and reallocate into cash, according to interviews with PE professionals and secondary transaction execs. One such pension LP is the secretive $22 billion Indiana Public Retirement System, which […]

Dropbox’s Mega-Round Comes with Bullish Revenue Projections

So, how did Dropbox get itself valued at approximately $4 billion and rope in a quarter-bil from investors including Index Ventures and Goldman Sachs? For one, the company aims to grow its revenue almost ten-fold over the next couple of years, peHUB has learned. Projections provided to investors in its most recent round have Dropbox’s […]

Taykey Builds Toward Exit With Sequoia Backing

Taykey, the Israel-launched mobile advertising technology company, just wrapped a $9 million funding from investors including Crescent Point, Softbank Capital and Sequoia Capital.

Now, says co-founder and CEO Amit Avner, the company—at just $11 million raised—will build out its New York offices as it looks….

Sequoia Capital India Partners Quit

Four founding partners of venture firm Sequoia Capital’s India unit have quit to start a new company for public market investments in India, Reuters reported. The partners – Sumir Chadha, K.P. Balaraj, S.K. Jain and Sandeep Singhal – will continue to represent Sequoia on the boards of portfolio companies, Reuters said. Sequoia named a team of five new managing directors who will run the India unit.


VCs Heed Obama’s Call with More Than $100M For Solar Installation

President Obama emphasized clean energy in his State of the Union address on Monday, calling on the nation to get 80% of its electricity from renewable and other sources by 2035. It seems like the venture community anticipated his plea. Clean energy comes in a number of different flavors, according to Obama. Wind, solar, nuclear, […]

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