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Adams Capital Seeks –

19 years ago

$125M For Fund II SWICKLEY, Pa. – Less than two years after raising its first vehicle, Adams Capital Management in August was on the fund raising trail again, seeking more than twice the amount of capital collected in its first effort. Adams Capital Management II has a target of $125 million and a cap of […]

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Bertelsmann Ventures Raises Fund to $75M –

19 years ago

SANTA BARBARA, Calif. – One year after launching a $25 million venture capital fund to invest in Internet start-up companies, Bertelsmann Ventures in July raised an additional $50 million from media company Bertelsmann AG, its sole limited partner. “We will look into taking more external partners when we raise additional funds,” said General Partner Jan […]

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Asian Schroder Fund Notches First Close –

19 years ago

SINGAPORE – Schroder Ventures Asia Pacific Fund, the firm’s third fund targeting the region, notched a first close on $269 million in July and is expected to wrap sometime near the end of this year, said Chairman Anil Thadani, who oversees the unit that manages the fund. Commitments to the vehicle’s first close ranged from […]

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Charter Growth Readies Second Fund –

19 years ago

PALO ALTO, Calif. – Charter Growth Capital at press time was readying the launch of its second fund, likely to target $200 million, said General Partner Kevin McQuillan. Charter Growth Capital II is a follow-up to Charter Growth Capital L.P., a $106 million vehicle that closed last summer and is about 70% invested (VCJ, June […]

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Private Equity in South Africa Continues to Grow –

19 years ago

JOHANNESBURG, South Africa – Several South African private equity funds are gearing up to take advantage of the ruling African National Congress’ post-Apartheid privatization efforts, as well as the country’s infrastructure opportunities and growing entrepreneurial activity. One of the biggest players is Ethos Private Equity Ltd., formerly known as FirstCorp Capital Investors Ltd., which expects […]

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Botts Scores GBP150M Success with First Fund –

19 years ago

LONDON – Strong investor demand has allowed first-time fund raiser Botts & Co. to increase the size of Botts Capital Partners L.P. to GBP150 million from GBP100 million ($241 million from $161 million). Launched in July 1998, the fund held a final close a year later, bringing the total private equity capital under management to […]

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Adams Capital Seeks $125M For Fund II –

19 years ago

SWICKLEY, Pa. – Less than two years after raising its first vehicle, Adams Capital Management in August was on the fund raising trail again, seeking more than twice the amount of capital collected in its first effort. Adams Capital Management II has a target of $125 million and a cap of $150 million. The firm […]

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Japanese Firm Launches Fund IX –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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 –

19 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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