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Family Planning: A bigger, more competitive industry has forced venture capitalists to devote more time and energy to choosing e –

20 years ago

When John Glynn became a venture capitalist almost 30 years ago, he entered an industry that bore little resemblance to what exists today. Mr. Glynn, founder and general partner of Glynn Ventures in Menlo Park, Calif., and a self-described generalist, worked for several years as a lawyer before entering the fledgling VC industry in 1970. […]

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EnerTech Capital Adds Five Advisers –

20 years ago

WAYNE, Pa. – EnerTech Capital Partners has followed the lead of many private equity firms by adding five new members to its advisory board. David Lincoln, a managing director at the firm, said that while other firms have expanded their boards of advisers to assist with fund raising and credibility, EnerTech made its additions to […]

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Former Ad Executive Joins Walden Group –

20 years ago

SAN FRANCISCO – In an effort to bring valuable advertising expertise to its new media portfolio companies, the Walden Group in April welcomed online marketing veteran Rich LeFurgy to its team. Mr. LeFurgy, who has worked with Walden as a consultant since November 1998, will complete several outstanding consulting commitments before joining the firm full […]

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Doug Brent Bids Adieu to BT Capital –

20 years ago

NEW YORK – Douglas Brent in May left his post as president of BT Capital Partners, the private equity arm of Bankers Trust Corp., to establish his own buyout firm. The move comes in the shadow of an imminent merger between Bankers Trust and Deutsche Bank that likely will produce a restructuring of both BT […]

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Highland Capital Names Two Principals –

20 years ago

BOSTON – Highland Capital Partners has promoted Steve Harrick and Jo Tango to principals of the firm. Mr. Harrick joined Highland as a senior associate in 1997 with a specialty in computer software. He has participated in the firm’s investments in WebLine Communications and RoweCom, which recently went public. “As we all know, software and […]

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Billimoria Quits H&Q, Takes Sprout Post –

20 years ago

MENLO PARK, Calif. – When several venture firms attempted to recruit Hambrecht & Quist Senior Equity Analyst Farrokh Billimoria, he turned to his friend, venture capitalist Steve Diamond for advice. As it turned out, Mr. Diamond’s firm, Sprout Group, was in the market for a general partner with a background in networking and communications – […]

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Terms Tango –

20 years ago

Venture capital partnership terms have remained relatively stable since the market picked up earlier this decade, but recent years have brought some mild changes. Management fees on the whole have declined slightly from their traditional 2.5%, and while 80%/20% remains the common carried interest split, top-flight G.P.s are taking 25% and even 30% cuts without […]

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Two Patricof Staffers Promoted to Partners –

20 years ago

NEW YORK – Patricof & Co. Ventures Inc. recently promoted Thomas Hirschfeld and George Phipps to managing directors and made them partners in the new fund, APA Excelsior V. The move, coupled with the impending departure of General Partner Patricia Cloherty in early June (VCJ, February, page 37), leaves the firm with 10 managing directors […]

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AIG-Backed Israeli Internet Fund Nets $80 Million First Close –

20 years ago

TEL AVIV, Israel – Armed with a healthy injection of capital from a host of North American and international strategic investors, AIG Orion Fund in late April held an $80 million first close and began evaluating its first Israeli and European Internet deals. Led by Managing Partners Eyal Levi and Gary Leibler, the vehicle inked […]

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Centennial Hits Goal With Its First Close –

20 years ago

DENVER – Denver-based Centennial Funds in May held a $307.5 million close on Centennial Fund VI L.P., exceeding its $300 million target. Launched in January, Fund VI is expected to hold a final close in July at $400 million, nearly doubling the size of the $221 million Centennial V, which closed in February 1997. “We […]

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Merlin and Rothschild Unit Form Global Bioscience Group –

20 years ago

LONDON – Merlin Ventures, the biotechnology venture group founded by Dr. Chris Evans in 1996, looks set to become the largest fund dedicated to bioscience development in the world. Merlin announced in April that Jeremy Curnock Cook, a director of Rothschild Asset Management and head of Rothschild Bioscience Unit (RBU), along with other key individuals […]

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Battery Hires Abate, Seeks More Staff –

20 years ago

WELLESLEY, Mass./SAN MATEO, Calif. – Having recently wrapped a $400 million fund, Battery Ventures is boosting the staff in its East and West Coast offices. Tony Abate joined Battery in early April as a principal from J.H. Whitney & Co., where he spent three years as a vice president spearheading deals in telecommunications services and […]

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Ireland Fund Targets American Investors –

20 years ago

DUBLIN, Ireland – Agincourt Capital, a new independent Irish venture capital firm founded by a group of more than 25 Irish and American businessmen with strong contacts and experience in the technology sector, aims to raise $200 million for investment in early-stage Irish technology companies with the potential to tap the North American market. Despite […]

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Accredo Health Inc. –

20 years ago

MEMPHIS, Tenn. – Accredo Health Inc., a marketer of specialized pharmaceutical products for patients with costly chronic diseases, went public April 15 offering 3 million shares of common stock. The stock priced at $16, in the middle of the company’s $15 to $17 filing range. Welsh, Carson, Anderson & Stowe VII was the only venture […]

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Methodologies of Marketing Private Equity Returns –

20 years ago

For general partners who ask themselves how their competitors market returns, value unrealized gains and choose appropriate benchmarks, this article might shed some light. Following are comments and statistics on how the private equity industry markets its performance data based on an examination of 75 private equity offering memoranda (OM). The sample is made up […]

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William Blair Capital Partners, L.L.C. –

20 years ago

CHICAGO – William Blair Capital Partners, L.L.C., founded in 1982, invests in early- to expansion-stage companies, as well as buyouts and recapitalizations. The firm prefers to invest in the health-care, software, business and customer service sectors throughout the mid-Atlantic region between the Rocky and Appalachian mountain ranges. William Blair has backed more than 125 companies […]

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BUCA Inc. –

20 years ago

MINNEAPOLIS, Minn. – BUCA Inc., which owns and operates 21 full-service BUCA di BEPPO restaurants, went public April 21, offering 3.07 million shares at $12 apiece. The stock priced near the top of the company’s $10.50 to $12.50 filing range. Norwest Equity Partners V, Consumer Venture Partners II, Northwood Ventures, Regent Capital Partners, Walden Investors, […]

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GTCR Golder Rauner, L.L.C. –

20 years ago

CHICAGO – GTCR Golder Rauner, L.L.C., founded in 1980 under the name Golder, Thoma, Cressey, Rauner, Inc., is a private equity firm that invests in the information technology, marketing, niche financing, payroll processing and education/training industries. Two years ago, Golder Thoma split into two firms, GTCR Golder Rauner and Thoma, Cressey Equity Partners – due […]

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