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Japanese Firm Launches Fund IX –

18 years ago

PALO ALTO, Calif. – Techno-Venture Co. Ltd., a Japan-based venture firm with a Silicon Valley presence, is raising its ninth fund. The vehicle, likely to total $15 million to $20 million, will get its capital from Japanese institutions but invest exclusively in the United States, mainly on the West Coast, said Techno-Venture U.S. Chairman Jonathan […]

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Continuus Software –

18 years ago

IRVINE, Calif. – Continuus Software Corp., an Internet and asset management software developer, went public July 29, offering 2,523,642 shares. The stock priced at $8 apiece, the low end of the company’s $8 to $10 filing range. U.S. Bancorp Piper Jaffray and CIBC World Markets underwrote the initial public offering, which left 13.04 million shares […]

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Siemans’ VC Unit Seeks Strategic Fits –

18 years ago

PRINCETON, N.J. – German conglomerate Siemens AG is following in the footsteps of other large enterprises by creating a strategic-oriented venture unit. Having already established a finacially-oriented venture group in Germany, Siemans has launched a U.S.-based strategic venture operation as part of the company’s Corporate Research Group. The research group will evaluate young innovative companies […]

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TH Lee Putnam Lures GE Equity’s Jeff Coates –

18 years ago

STAMFORD, Conn. – Thomas H. Lee Co. and Putnam Investments have hired Jeffrey Coates, a managing director at GE Equity, and are courting several other GE Equity executives to head an Internet investment fund. The vehicle will be the first of many proposed funds to be managed by TH Lee, Putnam Capital, a joint venture […]

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Wasserstein Team Launches New Fund –

18 years ago

new york – A group of old hands in the emerging markets, led by Peter Marber, Michael Gagliardi and Hernando Perez Anez, have bought themselves out of Wasserstein Perella Emerging Markets (WPEM) and launched a new venture – Trust Company of the Atlantic. The group will be building off a core of roughly $300 million […]

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Far Away Start-Ups In Need of Cash –

18 years ago

NEW YORK – With more than $60 billion committed to the asset class, private equity managers are swimming in a sea of capital. However, according to a report issued in July by the Kauffman Center for Entrepreneurial Leadership and Babson College, the distribution of that capital resembles Asia’s fertile crescent in that entrepreneurs near the […]

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Lycos Nears Wrap With $70 Million –

18 years ago

PITTSBURGH – Departing from the traditional corporate venture investment model, Boston-based Internet portal Lycos Inc. has teamed with Triangle Capital Corp. to raise a venture fund that will invest in Internet-related companies. Unlike other corporate investors such as Comcast Corp., Oracle Corp. and E*Trade Group Inc., which have created in-house venture capital units to enhance […]

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Saunders Karp Opens Affiliate Firm –

18 years ago

DALLAS – Saunders, Karp & Megrue has launched an affiliated firm in Dallas that will invest in lower middle-market deals using capital from the New York firm’s $500 million private equity fund. Saunders Karp General Partner Barron Fletcher will return to his native Texas to head the new venture, dubbed SKM Growth Investors. The firm […]

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Rho Raises its First Multi-L.P. Vehicle –

18 years ago

NEW YORK – For the first time in its nearly 20-year existence as a professional money manager, Rho Management has combined its private equity clients under one partnership. The $100 million Rho Capital Partners 1999, first marketed in January and closed in June, is the firm’s first fund raised from multiple high-net-worth individuals and “one […]

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Female Execs to Help Fund With Deals –

18 years ago

NEW YORK – A group of private equity professionals is preparing to launch a fund with a target of approximately $300 million that will rely on a network of female executives for deal flow and due diligence. The firm, as yet unnamed, has three partners: Molly Ashby, a former managing director at J.P. Morgan Capital […]

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Chicago Seeks More Venture Capital –

18 years ago

CHICAGO – The Windy City has all the ingredients to cultivate a fertile venture capital community. However, Chicago’s robust financial services infrastructure, elite universities and high quality of life have yet to stimulate an entrepreneurial atmosphere that can compete with Silicon Valley and Route 128. According to a study produced by the Illinois Coalition, 10 […]

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SEC Proposes Rule to End Pay-to-Play Targeting PE Managers, Financial Advisers –

18 years ago

WASHINGTON, D.C. – After months of pondering the issue of “pay-to-play” involving public pensions, the Securities and Exchange Commission (SEC) in early August proposed a rule aimed at stamping out the practice. The measure is directed at financial advisers, a category the SEC deems to include managers of private investment companies, such as venture capital […]

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Spray Venture –

18 years ago

Partners BOSTON- Spray Venture Partners invests in early- to late-stage health-care companies. Formed in 1996, the firm wrapped its inaugural fund, Spray Venture Fund I, on $52 million in July 1998, said General Partner Kevin Connors. About half the vehicle already is invested, and Connors expects Spray to launch another fund sometime in 2000. No […]

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Olympic Venture Partners –

18 years ago

KIRKLAND, Wash./OSWEGO, Ore. – Olympic Venture Partners invests in information technology, communications and life science companies, mostly in the Pacific Northwest. The group’s latest fund, Olympic Ventures Partners IV, wrapped on $63 million in 1997 and has one or two deals remaining to close. Founded in 1983, Olympic has $160 million under management and anticipates […]

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Institutions Invest $450M in Columbia –

18 years ago

ALEXANDRIA, Va. – Marketing the first institutional round in the firm’s 11-year history, Columbia Capital has garnered more than $450 million in just over six months of fund raising. The new fund, Columbia Capital Equity Partners II, will continue the firm’s strategy of investing in the communications and information technology sectors. Managing Director Jim Fleming […]

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Seapoint Plans $30M Oak-Anchored Fund –

18 years ago

BELLEVUE, Wash. – Created in August 1997 as a point fund in the Northwest for a trio of venture firms, Seapoint Ventures in July launched a $30 million fund that will enable the firm to more actively invest in the deals it sources. The launch of Seapoint Fund I does not indicate a change of […]

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Sports Fund Notches $160M in July Close –

18 years ago

NEW YORK – Sports Capital Partners, the joint venture between Chase Capital Partners and International Management Group (IMG), in July held a close on $20 million, which brings IMG/Chase Sports Capital’s total to $160 million, said Managing Director David Moross. The close follows an initial commitment of $102 million by Chase Capital last year, and […]

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Rho Raises its First Multi-LP Vehicle –

18 years ago

NEW YORK – For the first time in its nearly 20-year existence as a professional money manager, Rho Management has combined its private equity clients under one partnership. The $100 million Rho Capital Partners 1999, first marketed in January and closed in June, is the firm’s first fund raised from multiple high-net-worth individuals and “one […]

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