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Horsley Bridge VI Notches $1 Billion –

19 years ago

SAN FRANCISO – Horsley Bridge Partners in early July held a first and final close on more than $1 billion for Horsley Bridge Fund VI L.P. As its predecessors, the fund-of-funds will invest in domestic private equity partnerships, said Managing Director Gary Bridge. The 1997 $500 million Horsley Bridge Fund V is fully invested. The […]

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Tullis-Dickerson Wraps Second Fund –

19 years ago

GREENWICH, Conn. – Following the increasingly popular strategy of launching satellite offices in emerging cradles of entrepreneurship, Tullis-Dickerson & Co. Inc. in June opened its third regional office in Michigan and closed its second health care and health-related venture fund. The $195 million Tullis-Dickerson Capital Focus II will feed three satellite funds in Alabama, New […]

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Accel Boosts Carry for $500M Fund VII –

19 years ago

PALO ALTO, Calif./PRINCETON, N.J. – Accel Partners began raising Accel VII in June and is seeking $350 million from financial investors as well as $150 million from entrepreneurs and strategic corporate investors, said Managing Partner Jim Breyer. The information technology and communications-focused fund in late June had more than $1 billion in hard commitments, and […]

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Sequel Expects Fund II To Wrap in July –

19 years ago

BOULDER, Colo. – Sequel Venture Partners expected a late July final wrap on Sequel Limited Partnership II. Targeted at $150 million, the fund was launched earlier this year and notched a first close on $112 million in March, said Partner John Greff. A lucrative exit from Internet advertising monitor MatchLogic Inc., a portfolio company from […]

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Pilgrim To Launch $100M Fund-of-Funds –

19 years ago

WAYNE, Pa. – Pilgrim Baxter & Associates last month hired Carol Proffer away from Crossroads Group to head a new private equity fund-of-funds that initially will target venture capital investing. Ms. Proffer, who was a managing director at Crossroads, said Pilgrim Baxter will begin marketing the fund-of-funds in September with a target of approximately $100 […]

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Second Sentinel Fund Wraps on $126M –

19 years ago

NEW YORK – Sentinel Capital Partners held a final close on its second private equity fund in June, rounding up a total of $126 million. The firm launched Sentinel Capital Partners II, L.P. in June 1998 with a $125 million target, and Sentinel’s debut fund closed in 1996 on $50 million. New limited partners in […]

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Chase Capital Extends Into Third-Party Funds –

19 years ago

NEW YORK – Private equity giant Chase Capital Partners is in the midst of expanding its business to include managing money other than that of its parent, Chase Manhattan Corp. Partners at Chase Capital are planning a number of new funds, said David Mullane, a managing director at Chase Capital. Mr. Mullane, who previously worked […]

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Ramp Networks Inc. –

19 years ago

SANTA CLARA, Calif. – Ramp Networks Inc., a provider of shared Internet access solutions for small businesses, went public June 22. The company offered 4 million shares at $11 apiece, within its $10 to $12 filing range. BancBoston Robertson Stephens, Dain Rauscher Wessels and Hambrecht & Quist underwrote the initial public offering, which left 20.01 […]

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Phone.com Inc. –

19 years ago

REDWOOD CITY, Calif.-Phone.com Inc., a software provider that delivers Internet-based services to wireless telephones, held an initial public offering June 10. The company offered 4 million shares at $16 apiece, above its $14 to $15 filing range. Credit Suisse First Boston, BancBoston Robertson Stephens, Hambrecht & Quist and U.S. Bancorp Piper Jaffray underwrote the initial […]

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Salon.com –

19 years ago

SAN FRANCISCO – Salon.com, an online publication and community site, went public June 22, offering 2.5 million shares at $10.50 apiece. The company’s stock priced at the low end of its $13.50 to $10.50 filing range. W.R. Hambrecht & Co. and Daiwa Securities America Inc. underwrote the initial public offering, which left 10.73 million shares […]

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Pittsburgh’s Entrepreneurial Evolution Attracts VCs –

19 years ago

PITTSBURGH – After long bemoaning a lack of funding for Western Pennsylvania’s technology community, the region can now tap into three new sources of venture capital. Two Silicon Valley firms, Redleaf Venture Management and Draper Fisher Jurvetson, and Boston-based technology company Lycos Inc. are preparing to start venture investments in this newest technology hub, joining […]

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Ariba Inc. –

19 years ago

SUNNYVALE, Calif. – Ariba Inc., a provider of business-to-business e-commerce solutions, held an initial public offering June 23. The company offered 5 million shares at $23 apiece, above its $20 to $22 filing range. Morgan Stanley Dean Witter, Dain Rauscher Wessels, Deutsche Banc Alex Brown, Merrill Lynch & Co., Discover Brokerage Direct and E*Trade Securities […]

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AppNet Systems Inc. –

19 years ago

BETHESDA, Md. – AppNet Systems Inc., a provider of Internet and e-commerce services to medium- and large-size businesses, went public June 17. The company offered 6 million shares at $12 apiece, the low end of its $12 to $14 filing range. Credit Suisse First Boston, Hambrecht & Quist, Deutsche Banc Alex. Brown, The Robertson-Humphrey Co. […]

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Why Tech VCs Have Left Biotech –

19 years ago

Biotechnology, considered the darling investment sector of the high rollers in the early 1990s, seems to have fallen by the wayside, and investors are now wondering what kind of future this sector holds. Returns in biomedical portfolios in recent years have lagged behind those in information technology to the extent that large diversified venture firms […]

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Portfolio Profiles: Newbury Ventures –

19 years ago

SAN FRANCISCO, Calif./PARIS – Newbury Ventures focuses on seed- and early-stage communications and health-care companies in the United States and overseas. The firm’s managing partners – Jay Morrison, Bruce Bauer and Ossama Hassanein, along with Partner Colleen Young – work closely with entrepreneurs and VCs around the globe to help identify, support and nurture start-ups […]

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Venture-Backed IPOs Make a Comeback –

19 years ago

The first six months of 1999 produced 96 venture-backed initial public offerings – more than three times the 29 IPOs completed the preceding half year, according to Venture Economics Information Services (VEIS), a data company affiliated with VCJ. January through June also saw larger deal sizes, soaring average first-day run-ups and younger companies taking the […]

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Persistence Software Inc. –

19 years ago

SAN MATEO, Calif. – Persistence Software Inc., an e-commerce software developer, went public June 24, offering 3 million shares at $11 apiece. The company’s stock priced at the high end of its $9 to $11 filing range. BancBoston Robertson Stephens, U.S. Bancorp Piper Jaffray and SoundView Technology Group underwrote the initial public offering, which left […]

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Online Resources Communications –

19 years ago

MCLEAN, Va. – Online Resources & Communications Corp., a provider of outsourced e-commerce services for financial institutions, held an initial public offering June 4, offering 3.1 million shares at $14 each, the high end of the company’s $12 to $14 filing range. J.P. Morgan & Co., U.S. Bancorp Piper Jaffray and Keefe, Bruyette & Woods […]

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