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Scheer Venture Fund Adds IT to Focus –

19 years ago

BRANFORD, Conn. – In response to an icy reception by investors to a health-care focused fund, Scheer & Co. has expanded its inaugural venture vehicle to include health care-related information technology deals. Scheer Venture Partners was launched about a year ago with a $50 million target (VCJ, February, page 28), but by press time the […]

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Duke Street Shoots For euro 500 Million –

19 years ago

LONDON – Duke Street Capital hopes to hold a first close on its fourth European buyout fund in June. Following last year’s buyout from Hambros, the group – formerly HEV – aims to raise at least euro 500 million ($523 million) for Duke Street Capital IV in its debut fund raising as an independent firm. […]

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Doll II Collects $42M in Initial Close –

19 years ago

MENLO PARK, Calif.-Doll Capital Management held a $42 million first close on its second fund in early June, and the group secured commitments reaching its $100 million target, said Managing General Partner Dixon Doll. Doll Technology Investment Fund II, like its predecessor, will back early-stage telecommunications and information technology companies (VCJ, February, page 25). Doll […]

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New Seed Fund Hits Bay Area –

19 years ago

SAUSALITO, Calif. – Although it was founded last year as a start-up consulting firm, the partners at Artemis Ventures soon realized that most of their time was spent helping clients raise money. So, early this year, the firm raised its own seed-stage fund, which closed on $22 million in early May. The firm originally helped […]

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Encompass Fund Eyes First Close for June –

19 years ago

BELLVUE, Wash. – Encompass Ventures expects a first close in June on EV II Partnership, raised from Japanese operating companies, and the firm is contemplating raising another fund targeting institutions in the United States (VCJ, February, page 12). Encompass, which intends to raise $30 million for EV II, at press time expected the first close […]

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Nevada Stays the Course in Venture Investing –

19 years ago

The Nevada Public Employees Retirement System has not exactly been a trailblazer when it comes to private equity investing – the $12.1 billion pension allocates 2% of its capital to the asset class and has no plans to increase the percentage – but Nevada has done well in the alternatives arena and plans to stick […]

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Guide Takes In $10M At Initial June Close –

19 years ago

SEATTLE – Guide Ventures, a firm recently founded by a former partner in Redleaf Venture Management, notched a $10 million first close in early June for Guide Ventures II L.P. The fund was launched early this year with a $25 million target and a $30 million cap, and founder Russ Aldrich said he envisioned reaching […]

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BCI Growth V Holds $360M Final Close –

19 years ago

TEANECK, N.J. – Reaching a final capitalization of $360 million on BCI Growth V L.P., BCI Partners Inc. closed its fifth venture partnership in May and added Thomas Cusick as a general partner. Limited partners in the latest effort include existing investors Abbott Capital Management, Bank of America Capital Corp. and Oregon Public Employees’ Retirement […]

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QuestMark Seeks More for First Fund –

19 years ago

BALTIMORE – Although hoping to raise an additional $40 million before a June 30 final close, QuestMark Partners L.P. had begun investing the $210 million already committed to its first fund. QuestMark in late May invested $10 million in ZapMe!, a provider of Internet and interactive services to schools. Earlier that month, the fund invested […]

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Ullico, MIF Launch Latin American Funds –

19 years ago

WASHINGTON, D.C. – In a move to further immerse union pensions into the world of private equity, Ullico Inc. in early June partnered with the Inter-American Development Bank to raise two small venture funds in Chile and Argentina. Ullico, which manages capital for labor union pensions through jointly managed trust funds, has been a fast-growing […]

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Sequoia Active with Late-Stage Vehicle –

19 years ago

MENLO PARK, Calif. – Citing a desire to participate in more late-stage financing opportunities, Sequoia Capital Partners recently closed on the $350 million Sequoia Capital Franchise Fund, which will invest in the firm’s existing portfolio companies. “We noticed over the years that a lot of value was created post-initial public offering,” said Sequoia General Partner […]

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3i Aims to Conquer U.S. Technology Market –

19 years ago

LONDON/BOSTON – 3i will open specialist technology investment offices this summer in Boston and Silicon Valley, a move that underlines the firm’s ambition to create the first integrated global technology business, said Director Martin Gagen, who will head expansion efforts in the United States. The firm previously launched a venture capital business in the U.S. […]

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MPE Enters German Market –

19 years ago

frankfurt, Germany – Following the beaten path of many other United Kingdom houses searching for a piece of the private equity action in Europe’s largest economy, Mercury Private Equity (MPE) in mid-May opened a sister office in Frankfurt. The group also dropped the somewhat cumbersome Mercury Asset Management Private Equity tag in favor of the […]

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Oh, Canada:The growth of the venture capital industry is making slow but steady progress in the Great White North –

19 years ago

Unlike the United States venture market, where fund-raising figures have plotted a course headed straight to the heavens and stayed the path for the better part of the past decade, corresponding Canadian figures, compiled by Toronto-based information firm Macdonald & Associates Ltd., trace a more gentle upwards slope of slow but steady growth. The continued […]

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JP Morgan CFO Jumps to PE Group –

19 years ago

NEW YORK – In another sign of J.P. Morgan & Co.’s growing commitment to the private equity arena, the investment bank’s chief financial officer, John Mayer, has moved over to run Morgan Capital Corp., the firm’s private equity arm. Morgan Capital manages a portfolio of more than $1 billion and earlier this year began fund […]

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BT Capital Boosts Two McCown Execs –

19 years ago

NEW YORK – BT Capital, the private equity investment arm of Bankers Trust Corp., has found a replacement for Douglas Brent, who recently resigned as president to start his own firm. Charles Ayres in May left his post as managing director at New York and Menlo Park, Calif.-based McCown De Leeuw & Co. to head […]

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Windy Hill Aims to Identify Cancer in Its Infancy –

19 years ago

MENLO PARK, Calif. – As a former internist who had diagnosed many patients with cancer, venture capitalist Ross Jaffe wanted to back a company that worked on early detection technology to give patients better treatment options and increased odds for survival. Toward that end, Dr. Jaffe’s information technology and health-care focused firm, Brentwood Venture Capital, […]

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Seattle University May Up Alternatives –

19 years ago

SEATTLE – Seattle University is considering increasing its alternative asset allocation to as much as 15% from its current level of 5%, said Denis Ransmeier, the endowment’s vice president of finance. Mr. Ransmeier said the $115 million endowment already has made investments in a number of venture capital funds and a hedge fund, but he […]

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