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Labrador Readies Launch of Fund IV –

19 years ago

REDWOOD CITY, Calif. – Labrador Ventures expects a September launch for Labrador Ventures VI, the firm’s first vehicle targeting institutional investors as well as individuals. Previous Labrador funds were raised mainly from high-net-worth individuals, however the firm expects about half of Fund VI’s $60 million target to come from institutions, said Managing Director Larry Kubal. […]

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Summit Accelerator Preps for First Close –

19 years ago

PALO ALTO, Calif. – Summit Accelerator Fund, created to back smaller deals than Summit Partners’s late-stage focus, officially began fund raising in late June and was expected to reach a first close by the end of July, said Kip Sheeline, who was hired earlier this year from Hambrecht & Quist to manage the vehicle (VCJ, […]

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Redleaf II Nets $30M Initial Close –

19 years ago

SARATGOGA, Calif./PITTSBURGH – Expanding its deal flow to the Mid-Atlantic United States, in June Silicon Valley-focused Redleaf Venture Management held a first close on its second fund and made plans to open a Pittsburgh office. Redleaf Venture II is one of three investors from the VC hubs of the Valley and Boston, including Draper Fisher […]

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Diverse Investor Group Backs New IPO Procedure –

19 years ago

SAN FRANCISCO – Bill Hambrecht, a pioneer in the venture capital industry since co-founding the investment bank Hambrecht & Quist in 1968, knows the value of strategic partnerships when introducing radical new concepts. After all, Hambrecht & Quist made its name by ushering venture-backed companies through initial public offerings, mergers and acquisitions and other exit […]

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New Fund Gabriel Nets First Close, Deals –

19 years ago

REDWOOD SHORES, Calif. – Gabriel Venture Partners, a new hands-on technology-focused venture fund, closed two deals in June just two months after its first close. After a $35 million initial close that included General Motors Corp. and several individual investors, Gabriel quickly wrapped its first two deals, a $3.75 million investment in communications Web portal […]

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FLAG Wraps Fund, New Partner Joins –

19 years ago

STAMFORD, Conn./BOSTON – FLAG Venture Management in June wrapped its third venture capital fund-of-funds and recently added a new partner who opened its Boston office. FLAG Venture Partners III, wrapped on $315 million after a January launch and a March first close and, like its predecessors, will back only top-tier venture capital funds, said Managing […]

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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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