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Sports Fund Notches $160M in July Close –

19 years ago

NEW YORK – Sports Capital Partners, the joint venture between Chase Capital Partners and International Management Group (IMG), in July held a close on $20 million, which brings IMG/Chase Sports Capital’s total to $160 million, said Managing Director David Moross. The close follows an initial commitment of $102 million by Chase Capital last year, and […]

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Rho Raises its First Multi-LP 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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First Union Adds Nine to Private Equity –

19 years ago

NEW YORK – Bowles Hollowell Conner in July hired three managing directors and nine new professionals in an ongoing effort to expand its private equity coverage. The New York-based division of First Union Capital Markets Corp. now has almost 20 professionals dedicated to serving the financial sponsor community, said David Knowlton, co-head of private equity […]

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Sprout Promotes VP, Seeks Two More Investment Professionals –

19 years ago

MENLO PARK, Calif. – Sprout Group promoted Vice President Alex Rosen to general partner this summer and is in the market for two more investment professionals, said Managing Partner Richard Kroon. Rosen, who joined Sprout in 1996, focuses on e-commerce and Internet software companies. He sits on the boards of four Sprout portfolio companies: Quintus […]

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SOFTBANK Adds Staff, Creates Incubator –

19 years ago

SAN JOSE, Calif. – SOFTBANK Technology Ventures has spent the last few months boosting its staff to help operate a new incubator and invest its fifth fund, a $600 million vehicle. The Internet-focused venture firm in July hired as general partners D. Rex Golding, a former co-head of technology banking at Morgan Stanley Dean Witter, […]

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Explorador Backs Latin American Net –

19 years ago

SAN FRANCISCO – Latin American hedge-fund manager Andrew Cummins has launched explorador.net, a venture fund that will invest in Internet-related companies targeting the region. Affiliated with his hedge operation Explorador Capital Management, explorador.net began raising its fund in mid-June and a month later reached a first close on $15 million, leading to a question of […]

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TL Ventures IV Rakes in $250M –

19 years ago

WAYNE, Pa. – Bolstered by a number of returning investors, TL Ventures in late July wrapped its fifth fund, the $250 million TL Ventures IV. TL IV quickly gathered $200 million from existing limiteds in an April first close and wrapped the fund three months later. First Union Corp., a first-time investor in the firm, […]

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Japanese Firm American Companies –

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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Parthenon Closes Debut Effort, Deals –

19 years ago

BOSTON – Parthenon Capital held a final $350 million close in June on its debut private equity fund. In addition, the firm closed its first two deals in June, putting $30 million in equity into a staffing company and $15 million into a children’s clothing company. Demand among investors to enter Parthenon Capital’s fund was […]

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TCV’s Partner Ranks Increase By Three –

19 years ago

PALO ALTO, Calif. – Technology Crossover Ventures (TCV) in July hired Warburg Pincus’ Chris Nawn as a partner and also promoted two associates to the partner level to help invest its latest fund. Nawn, an acquaintance of several TCV partners for many years, was a five year veteran at Warburg Pincus, where he worked in […]

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Bank of New York Establishes SBIC –

19 years ago

NEW YORK – The Bank of New York Co. has formed a new small business investment company that will act as a junior capital partner in private equity transactions. BNY Capital Partners L.P. will operate primarily as a mezzanine provider to financial sponsors, but the group also will make equity commitments, said Stratton Heath, the […]

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Draper VI, Affiliates on Capital Trail –

19 years ago

REDWOOD CITY, Calif. – Draper Fisher Jurvetson and three of the firm’s affiliated regional funds have certainly contributed their share to a venture market awash with fresh capital. Timberline Ventures in Portland, Ore., Zone Ventures II in Los Angeles and Draper Atlantic in Reston, Va., three vehicles concentrating on emerging Internet hubs in their respective […]

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TIBCO Software –

19 years ago

PALO ALTO, Calif. – TIBCO Software Inc., a developer of software that allows businesses to integrate internal operations with customer and partners in real-time, held an initial public offering July 13. The company offered 7.3 million shares of common stock at $15 apiece, the high end of its $14 to $15 proposed price range. Underwriters […]

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WatchGuard Technologies Inc. –

19 years ago

SEATTLE – Watchguard Technologies Inc., a provider of Internet security solutions, held an initial public offering July 30. The company offered 3.5 million shares at $13 apiece, the high end of its $11 to $13 filing range. Dain Rauscher Wessels, Warburg Dillon Read, SoundView Technology Group and Wit Capital Corp. underwrote the initial public offering, […]

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Scientific Learning –

19 years ago

BERKELEY, Calif. – Scientific Learning Corp., a neuroscience-based software developer, went public July 21, offering 2.3 million shares at $16 per share. The company’s stock priced at the high end of its $14 to $16 filing range. Merrill Lynch & Co., Thomas Weisel Partners L.L.C. and Pacific Growth Equities Inc. underwrote the offering, which left […]

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Talk City Inc. –

19 years ago

CAMPBELL, Calif. – Talk City Inc., a provider of on-line communities and interactive services for businesses and consumers, went public July 19, offering 5 million shares at $12 apiece. The company’s stock priced at the high end of its $10 to $12 filing range. Underwritten by Lehman Brothers, Volpe Brown Whelan & Co., U.S. Bancorp […]

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Quokka Sports Inc. –

19 years ago

SAN FRANCISCO – Quokka Sports Inc., a provider of digital sports entertainment programming, went public July 27, offering 5 million shares. The company’s stock priced at $12 per share, within its $12 to $13 filing range. Merrill Lynch & Co., Lehman Brothers and BancBoston Robertson Stephens underwrote the initial public offering, which left 43.66 million […]

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Ravisent Technologies Inc. –

19 years ago

MALVERN, Pa. – Ravisent Technologies Inc., a digital video and audio stream management software developer, went public July 15, offering 5 million shares at $12 per share. The company’s stock priced in the middle of its $11 to $13 filing range. Bear, Stearns & Co., SG Cowen and Volpe Brown Whelan & Co., underwrote the […]

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