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Constellation Hits $101M Final Tally –

18 years ago

NEW YORK – Bear Stearns Asset Management held a Christmas Eve final close on $101 million for Constellation Ventures, its first venture capital effort. The fund, which was formed in 1997 and held a first close in March of last year, makes mid- to late-stage investments in new media and communications companies whose products interface […]

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@Ventures III Closes on Its Fund and Three Deals CMGI Raises $50M –

18 years ago

ANDOVER, Mass. – @Ventures III, the latest venture fund affiliated with CMGI Inc., held a final close in December, landing $272 million. While it is the company’s third VC effort, this is the first time outside investors were permitted to participate. Limited partners that ponied up at least the $2 million minimum included Microsoft Corp., […]

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$125M Prism II Passes Halfway Mark –

18 years ago

WESTWOOD, Mass. – Prism Venture Partners II, an early-stage health care and information technology investor, in late December completed a $66 million first close, moving closer to a targeted $125 million final wrap in the first quarter. The initial close, the bulk of which was rounded up by the end of October, included new limited […]

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GIMV Unveils International Goals –

18 years ago

ANTWERP, Belgium – GIMV, the Flanders-based investment group announced in October a ecu 100 million ($118.1 million) raft of commitments to international funds, signaling the group’s intention to significantly expand beyond its domestic market. Three of the fund investments – Sofinnova Capital III, Galileo II and REL-Club Deal – involve France-focused funds. GIMV will also […]

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HQ Asia Pacific Raises New Fund –

18 years ago

SAN FRANCISCO – H&Q Asia Pacific is raising a $750 million private equity fund mostly geared toward buying controlling positions in companies, with the remainder to be focused on more conventional venture capital investments in the region. H&Q Asia Pacific Growth Fund III, L.P. initially will invest in the depressed economies of Thailand and South […]

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Big Bang Physicist Signs On with NEA –

18 years ago

MENLO PARK, Calif. – New Enterprise Associates (NEA) has hired Nobel-prize winning astrophysicist and technology businessman Arno Penzias as a part-time venture partner who will work from his home in San Francisco scouting communications companies and evaluating deals. Dr. Penzias, who worked informally for NEA throughout 1998 to become acquainted with the firm’s portfolio companies […]

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Adauction.com Nets $7M Private Round –

18 years ago

SAN FRANCISCO – Adauction.com in December closed its first venture capital round of financing, landing $7 million from a group of venture firms led by Convergence Partners of Menlo Park, Calif. The company also received equity commitments from Geneva Partners, b/z Partners, Band of Angels and Ben Rosen. Silicon Valley Bank provided a bank loan […]

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First-Time Swiss Fund Gears for Final Close –

18 years ago

GENEVA – Index Ventures I, a maiden vehicle launched in September, at press time expected a $62.5 million second close and hired NationsBank Montgomery Securities as a placement agent to guide fund raising to a final wrap in March. The latest close follows a $40.5 million first close in late November, said General Partner Neil […]

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GENES to Launch Space-Focused Fund –

18 years ago

KOLN, Germany – GENES Venture Services, Germany’s oldest venture management group, this year plans to launch Europe’s first fund dedicated to the space technology sector. The fund, Ignition SpaceVentures, aims to become world leader in the field of commercial space start-ups. Apart from telecommunications, the commercial potential of space technologies has to date been largely […]

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Cardenas Named At Olympus Partners –

18 years ago

STAMFORD, Conn. – Less than two years after joining Olympus Partners as a principal, David Cardenas in mid-December was named a general partner. Mr. Cardenas has been very active in sourcing and evaluating deals in education and business for the $505 million Olympus Growth Fund III, including two current portfolio companies: National Technological University Corp., […]

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Info Tech Ventures Names Chin Principal –

18 years ago

MENLO PARK, Calif. – Eric Chin joined Information Technology Ventures in January as a principal who will focus on the Internet, e-commerce and software. Mr. Chin will work with the firm’s three general partners, Mark Dubovoy, Sam Lee and Virginia Turezyn. The firm, which had been searching for a principal for some time, also intends […]

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Crossroads President Retires –

18 years ago

FARMINGTON, Conn. – Hanse Halligan, the president and chief investment officer of Crossroads Investment Advisers, will retire at the end of March, the firm said in a written statement. Mr. Halligan will be replaced as president of the firm by Richard Spencer, and his CIO position will be assumed by an investment leadership team composed […]

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OraPharma Garners $16M in Series C –

18 years ago

WARMINSTER, Pa. – OraPharma, a company seeking to prevent periodontal disease and other oral maladies in December raised $16 million in a third round of venture capital financing. New investor Domain Associates led the preferred-stock deal with $5.1 million, and Biotechnology Investments Limited of Guernsey, a publicly traded United Kingdom fund advised by Domain, added […]

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Incentive Systems Nails $7M Second Round –

18 years ago

BURLINGTON, Mass. – In an effort to support the beta testing of its products, Incentive Systems recently closed a second round of venture financing at $7.3 million, just six months after landing its initial round of institutional capital. Polaris Venture Partners led the round, which had only one new investor – Frank Ingari of Growth […]

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In Brief –

18 years ago

BioVentures Fund Holds Initial Close WORCESTER, Mass. – BioVentures Investors, a first-time fund focusing on health and medical technology, in early January held an initial close on just under $12 million, amid a tough market for medical-related investments. Peter Feinstein, a general partner of the firm, was optimistic about the prospects for deal flow in […]

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Apax Israel II Fund Raising Underway –

18 years ago

TEL AVIV, Israel – An Israeli affiliate of Patricof & Co. expects a first close on its second vehicle in the near future, but the fund’s managing director, Allan Barkat, declined to provide details about a specific timetable. Apax Israel II is seeking $100 million from investors in the United States, Europe and Israel. The […]

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Silicon Valley Lawyer Joins Mayfield as a Venture Partner –

18 years ago

MENLO PARK, Calif. – In a somewhat unusual transition, Silicon Valley attorney Allen Morgan in early January joined Mayfield Fund as a venture partner focusing on the Internet, e-commerce and new media. Mr. Morgan made the move after spending the past five or six years advising young companies and building a network in the VC […]

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TL Ventures Names New Venture Partner –

18 years ago

WAYNE, Pa. – TL Ventures hired Robert Verratti in December as a partner who will establish the firm’s presence on the West Coast by identifying new investment opportunities and managing existing portfolio companies in Southern California. Mr. Verratti, most recently chief executive officer of National Media Corp., the world’s largest infomercial company and a TL […]

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