Featured Content

PCA Keeps Position As CalSTRS Adviser –

18 years ago

SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) in April reselected Pension Consulting Alliance (PCA) as its general consultant for the next five years, effective May 1. The Encino, Calif.-based consultant had already spent five years as a general consultant for the $96 billion pension, said CalSTRS Chief Investment Officer Pat Mitchell. BARRA […]

Continue

Viventures Raises Multinational Fund –

18 years ago

PARIS – Newly-created Viventures Partners held a second close in late March on its first multinational $100 million-targeted vehicle, Viventures. Launched in September, the fund held a first close in November on FFr 515 million ($85 million) and is capped at $115 million. Some $14 million already is invested, and a final close is expected […]

Continue

Singapore to Foster Technopreneurship –

18 years ago

SINGAPORE – As part of a plan to encourage what it calls “technopreneurship,” the government of Singapore has launched a $1 billion venture fund to shift the city-state to an “advanced knowledge economy” from a manufacturing economy, said Deputy Prime Minister Tony Tan Keng Yam. Minister Tan in April announced the Technopreneurship Fund, which aims […]

Continue

Chase Capital Raises $750 Million Asia Fund –

18 years ago

HONG KONG – Chase Capital Partners is raising a major new buyout fund focusing on Asia and is partnering with the International Finance Corp. and some of Hong Kong’s most prominent families to participate in an expected wave of divestitures and consolidations throughout the region. According to Arnold Chavkin, a partner at Chase Capital, Chase […]

Continue

Atlas IV Attracts American Investors –

18 years ago

AMSTERDAM/LONDON – Atlas Venture Fund IV, which closed in late February on $400 million, is the largest venture fund raised to date by a European group and this year is likely to rank among the top five technology venture funds worldwide in size. Atlas Venture anticipates its latest fund will invest an average of $5 […]

Continue

E-Business Targeting College Students Rakes in $6 Million –

18 years ago

CAMBRIDGE, Mass. – As the red- hot market for e-commerce investments continues to sizzle, companies with innovative ideas about Internet retailing are finding themselves awash in cash from backers hungry to get in on the action. One example is CommonPlaces, a developer of the CollegeBytes.com Internet hub designed to help marketers reach the highly sought-after […]

Continue

Two Groups Launch Australian Funds, Third Awaits Tax Reform –

18 years ago

SYDNEY, NEW SOUTH WALES, Australia – Two Australian venture groups recently launched domestic private equity funds, and a third group is awaiting a government overhaul of the tax system before raising its vehicle. Development Australia Nominees Ltd. is launching a second fund-of-funds targeting A$300 million ($191 million) for investment in Australian venture capital and buyout […]

Continue

Brooke, Perkins Honored by NVCA –

18 years ago

BOSTON – The National Venture Capital Association in April awarded lifetime achievement awards to Peter Brooke, Advent International Corp.’s founder and chairman, and Thomas Perkins, founding partner of Kleiner Perkins Caufield & Byers. Mr. Brooke, most noted for bringing venture capital to more than 20 countries, was singled out for his talent in applying U.S.-style […]

Continue

Brand-Building Fund Takes In $25 Million –

18 years ago

SAN FRANCISCO – Venture Strategy Partners, the venture arm of brand-consulting firm Venture Strategy Group, held a $25 million final close in March on its first fund. Targeted at $40 million when it was launched in late 1997 (VCJ, October 1998, page 22), the firm later cut its goal in half when it was decided […]

Continue

Hickman, St. Paul Start Late-Stage Fund –

18 years ago

ANNAPOLIS, Md. – St. Paul Venture Capital has created its fifth satellite fund, the late-stage Annapolis Ventures, which will be invested by a former managing director at T. Rowe Price. Doug Hickman, who spent 14 years at the investment house, oversaw T. Rowe Price’s late-stage private equity vehicles, Threshold funds. Mr. Hickman will essentially perform […]

Continue

BankBoston Development Co. Strikes a Chord in Urban America –

18 years ago

When Daniel Coleman walked into the offices of Job Link Inc. two years ago, he stepped back 30 years to a time when he was a teenager growing up in Tampa, Fla. The minority-owned employment agency reminded him of the many out-reach programs located in the poor neighborhoods of his youth, and now it was […]

Continue

Tech Advocates Seek Undying RD Credit –

18 years ago

WASHINGTON, D.C. – Although the federal government’s research-and-development tax credit has not greatly benefited venture capitalists or their young portfolio companies, Congress’s attempt to make R&D write-offs permanent might eventually prove advantageous. Mark Heesen, the National Venture Capital Association’s director of legislative, regulatory and entrepreneurial affairs, noted that the current tax credit structure does not […]

Continue

iDEAL Partners Launches $125M Fund –

18 years ago

PORTLAND, Maine – iDEAL Partners recently launched a $125 million fund with pledged equity from Berkshire Partners and BancBoston Capital. Former Wright Express Inc. Chief Executive Paul Walsh will manage the fund. “I’m a growth guy,” Mr. Walsh said. “I was looking for a partnership to try to build an intelligent platform, have some fun […]

Continue

Sprout Adds Exec from U.S. Robotics as Venture Investor –

18 years ago

CHICAGO – Semir Sirazi, a former executive with U.S. Robotics and a consultant to small companies, recently joined Sprout Group’s Chicago office as a venture partner. Dr. Sirazi will bring deal flow to the firm through his network of contacts in the technology community and will assist Sprout portfolio companies in their development. “He has […]

Continue

Benchmark Woos Gurley from Hummer Winblad –

18 years ago

MENLO PARK, Calif. – Just 19 months after his arrival at San Francisco venture firm Hummer Winblad, prominent columnist and Internet guru Bill Gurley has defected to Bay Area rival Benchmark Capital. Lateral moves such as Mr. Gurley’s are highly uncommon in the close-knit VC community. Benchmark, however, has been red-hot of late – reaping […]

Continue

ONSET Promotes Bottorff to Investor –

18 years ago

MENLO PARK, Calif. – As a sign of its ongoing commitment to medical deals, ONSET Ventures in mid-March hired its executive-in-residence Leslie Bottorff as a venture investor. Ms. Bottorff, who was vice president of sales and marketing at the medical device company Medtronic Inc., is the firm’s only professional devoted to medical investments. ONSET backs […]

Continue

Western Pa. Fund Closer to Launch –

18 years ago

PITTSBURGH – After nearly a year of speculation, the long-rumored venture fund aimed at capitalizing on Western Pennsylvania’s seed-stage technology companies might be approaching a launch. Sources estimated the proposed vehicle will target $50 million for seed-stage deals, particularly those spun out of Carnegie Mellon University and the University of Pittsburgh. The two universities and […]

Continue

Alloy Online Inc. –

18 years ago

NEW YORK – Alloy Online Inc., an Internet service provider for teens and young adults, filed to go public March 10. An offering size and filing range have not yet been established. The underwriters for the deal include BancBoston Robertson Stephens, Volpe Brown Whelan & Co., Dain Rausher Wessels and Ladenburg Thalmann & Co. There […]

Continue

Digital Edition

VCJ_1017_cover

To read a digital copy of our latest magazine

click here