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Clarent Corp. –

19 years ago

REDWOOD CITY, Calif. – Clarent Corp., an Internet protocol telephony systems provider, went public July 1, offering 4 million shares at $15 each. The company’s stock priced at the high end of its $13 to $15 filing range. Credit Suisse First Boston, BancBoston Robertson Stephens, Thomas Weisel Partners L.L.C. and U.S. Bancorp Piper Jaffray underwrote […]

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Efficient Networks –

19 years ago

DALLAS – Efficient Networks Inc., a provider of digital subscriber line equipment, went public July 14. The company offered 4 million shares of common stock at $15 apiece, the top of its proposed offering range of $13 to $15 per share. Credit Suisse First Boston, BancBoston Robertson Stephens and Volpe Brown Whelan & Co. underwrote […]

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drugstore.com inc. –

19 years ago

BELLEVUE, Wash. – Drugstore.com inc., an on-line pharmacy and information resource, went public July 27, offering 5 million shares at $18 apiece. The stock priced above the company’s $15 to $17 filing range. Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette and Thomas Weisel Partners underwrote the initial public offering, which left 42.35 million shares […]

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CommTouch Software Ltd. –

19 years ago

SANTA CLARA, Calif. – CommTouch Software Ltd., a global provider of email and messaging services, went public on July 13. The company offered 3.3 million shares of common stock at $16 each, within its $15 to $17 filing range. U.S. Bancorp Piper Jaffray, Prudential Securities and Warburg Dillon Read L.L.C. underwrote the initial public offering, […]

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Southeast Lures Venture Activity –

19 years ago

RESEARCH TRIANGLE PARK, N.C. – Anchored by Raleigh, Durham and Chapel Hill, Research Triangle Park (RTP) for decades has provided the necessary resources to stimulate a fertile venture capital community. The region hosts elite universities, Fortune 500 technology and life sciences companies, and, most important to deal brokering, killer golf courses. Further, the Internet 2 […]

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Softbank Wraps Two Vehicles –

19 years ago

BOSTON – Coinciding with the close of its early-stage fund, Softbank Technology Ventures V, Softbank Corp. in June closed the $1.2 billion Softbank Capital Partners, a vehicle focused on more mature opportunities. Softbank Capital, first marketed in January, will be used to invest in – but not acquire – later-stage, pre-IPO technology companies. The fund […]

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Internet Incubator Lands in New York –

19 years ago

NEW YORK – Given the enormous success of Internet incubators and the recent prominence of Silicon Alley in the IPO market, it was only a matter of time before an Internet incubator was launched in the Big Apple. Simon Erblich and Edward Greissle have unveiled First Venture.com Inc., an incubator with plans to guide projects […]

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CMGI Raises Funds, Acquires AltaVista –

19 years ago

ANDOVER, Mass. – CMGI Corp.’s $2.3 billion acquisition of search engine AltaVista from Compaq Computer Corp. in June fortified the company’s Internet distribution platform, and now the firm plans to raise as much as $1.6 billion in two additional funds for its venture capital arm, @Ventures. CMGI in late June completed a $375 million private […]

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U of C’s Borrelli Dies Unexpectedly –

19 years ago

CHICAGO – Michael Borrelli, an assistant vice president at the University of Chicago who worked on the school’s private equity portfolio, died in late May. Other members of the university’s investment staff have since taken over Mr. Borrelli’s duties, and the school has no plans to change its private equity investment strategy. Mr. Borrelli worked […]

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Munder Raising First Fund-of-Funds –

19 years ago

BIRMINGHAM, Mich. – Sensing the growing popularity of private equity among its institutional clients, Munder Capital Management in early July was ready to hit the fund-raising trail with its first fund-of-funds, Munder Capital Partners. At press time, the asset management firm had completed its private placement memorandum for the $200 million-targeted vehicle, which will invest […]

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Enterprise Readies $75 Million Fund III –

19 years ago

ANN ARBOR, Mich. – Emerging from humble beginnings as a small regional seed fund, Enterprise Development Fund is joining the big leagues with the launch of its much larger $75 million-targeted third effort. More than 10 times the size of Enterprise’s inaugural fund, Enterprise Development Fund III will be raised primarily, but not exclusively, from […]

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Dorset Closes Inaugural Fund –

19 years ago

SAN FRANCISCO – Dorset Capital, a new venture capital and buyout firm focused on consumer companies, held a first and final $71 million close in late June on its inaugural fund. The firm was formed last spring by three former investment bankers from Montgomery Securities, now known as Bank of America Securities.The transition to private […]

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Tom Lee Putnam Build a Fund Family –

19 years ago

BOSTON – A marriage between Thomas H. Lee Co. and Putnam Investments looks set to spawn a family of alternative investment vehicles that will see the Thomas H. Lee name stamped on everything from hedge funds to investments in oil and gas. The formation of TH Lee, Putnam Capital in June was the clearest indication […]

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INVESCO Vehicle Notches Second Close –

19 years ago

NEW YORK – INVESCO Partnership Fund II, a private equity fund-of-funds, is expected to wrap this fall, having achieved a second close in June on an undisclosed amount, said Parag Saxena, head of INVESCO Private Capital. The $500 million-targeted fund reached a first close in February (VCJ, March, page 25). INVESCO had completed fund raising […]

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Akers Waterman Raises Small Funds –

19 years ago

FAIR OAKS, Calif. – Suburban Sacramento-based Roger Akers recently raised two small funds and is rounding up a third. As co-founder of Akers, Waterman & Co., Mr. Akers is on the road raising $10 million for California Technology Fund II, which will invest in information technology companies. Akers Waterman invests in companies with at least […]

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MeriTech Collects $550M in First Close –

19 years ago

PALO ALTO, Calif.- MeriTech Capital Partners reached a $550 million first close and expects a second close on its $1 billion target this fall (VCJ, April, page 5), said Managing Director Paul Madera. The fund had commitments close to $800 million by late June, said John Walecka, a partner at Brentwood Venture Capital, one of […]

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Comcast Adds Director, Closes Deals –

19 years ago

PHILADELPHIA – Comcast Interactive Capital Group, the new venture capital investment unit of cable operator Comcast Corp., concluded its first six months of operations with a flurry of activity, adding a second managing director and inking several more deals. Managing Director John Kole joined Comcast in April, about a month after the company welcomed Sam […]

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San Francisco Fills Private Equity Post –

19 years ago

SAN FRANCISO – Wen Ling Chin joined the San Francisco City and County Employees’ Retirement System in late June as a security analyst, principally responsible for monitoring the pension’s private equity investments. Ms. Chin replaces Brewster Wyckoff, who left the pension in June (VCJ, July, page 30) to launch her own consulting practice, which helps […]

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