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MPE Enters German Market –

20 years ago

frankfurt, Germany – Following the beaten path of many other United Kingdom houses searching for a piece of the private equity action in Europe’s largest economy, Mercury Private Equity (MPE) in mid-May opened a sister office in Frankfurt. The group also dropped the somewhat cumbersome Mercury Asset Management Private Equity tag in favor of the […]

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Oh, Canada:The growth of the venture capital industry is making slow but steady progress in the Great White North –

20 years ago

Unlike the United States venture market, where fund-raising figures have plotted a course headed straight to the heavens and stayed the path for the better part of the past decade, corresponding Canadian figures, compiled by Toronto-based information firm Macdonald & Associates Ltd., trace a more gentle upwards slope of slow but steady growth. The continued […]

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JP Morgan CFO Jumps to PE Group –

20 years ago

NEW YORK – In another sign of J.P. Morgan & Co.’s growing commitment to the private equity arena, the investment bank’s chief financial officer, John Mayer, has moved over to run Morgan Capital Corp., the firm’s private equity arm. Morgan Capital manages a portfolio of more than $1 billion and earlier this year began fund […]

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BT Capital Boosts Two McCown Execs –

20 years ago

NEW YORK – BT Capital, the private equity investment arm of Bankers Trust Corp., has found a replacement for Douglas Brent, who recently resigned as president to start his own firm. Charles Ayres in May left his post as managing director at New York and Menlo Park, Calif.-based McCown De Leeuw & Co. to head […]

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Windy Hill Aims to Identify Cancer in Its Infancy –

20 years ago

MENLO PARK, Calif. – As a former internist who had diagnosed many patients with cancer, venture capitalist Ross Jaffe wanted to back a company that worked on early detection technology to give patients better treatment options and increased odds for survival. Toward that end, Dr. Jaffe’s information technology and health-care focused firm, Brentwood Venture Capital, […]

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Seattle University May Up Alternatives –

20 years ago

SEATTLE – Seattle University is considering increasing its alternative asset allocation to as much as 15% from its current level of 5%, said Denis Ransmeier, the endowment’s vice president of finance. Mr. Ransmeier said the $115 million endowment already has made investments in a number of venture capital funds and a hedge fund, but he […]

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ARCH IV Wraps On $175 Million –

20 years ago

SEATTLE – With strong support from existing and new limited partners, ARCH Venture Partners in early May wrapped its fourth fund on $175 million, 40% oversubscribed and more than 60% larger than the group’s previous effort. ARCH Venture Fund IV, focused on seed- and early-stage information technology, life sciences and physical sciences deals, welcomed a […]

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Single Road Show Collects Mayfield X –

20 years ago

MENLO PARK, Calif. – Mayfield Fund raked in $450 million for Mayfield X from a single late-May road show, allowing the firm to schedule a June 15 first and final close (VCJ, June, page 25). The firm also promoted David Ladd, Allen Morgan and Todd Brooks to general partners from venture partners, bringing the firm’s […]

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Castile Ventures Sets Sail with $50M –

20 years ago

WALTHAM, Mass. – Named after the region of Spain where the first venture capitalist, Christopher Columbus, received funding for his historic voyage, Castile Ventures also considers itself somewhat of an explorer. While the seed- and early-stage data networking market is certainly not uncharted territory, Castile is targeting – with a $50 million maiden vehicle wrapped […]

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Venture Firms Toast Online Wine Industry –

20 years ago

NEW YORK – The online wine industry has not aged gracefully. Unlike books and compact discs, the distribution of alcoholic beverages via the Internet is subject to several regulatory barriers that differ in literally every state. “You can pick up a phone and order a pair of blue jeans and have it shipped from state […]

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Ascent Seeks $125M For Inaugural Fund –

20 years ago

BOSTON – Ascent Venture Management Inc. in mid-May began raising its first fund since spinning out from the Pioneer Group earlier this year (VCJ, March, page 5). Targeted at $125 million, Ascent Venture Partners III, L.P. was named to reflect the management team’s experience in running two prior funds under the Pioneer banner. The team […]

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Banks Back Financial Technology VC Firm –

20 years ago

SAN FRANCISCO – Not many venture funds, if any at all, focus exclusively on the financial technology market. So when three Montgomery Securities veterans in early 1998 launched maiden fund FT Ventures to back financial software and transaction-related e-commerce businesses, a number of banks leapt at the chance to invest as strategic limited partners. Twenty-one […]

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Battery Launches Strategic Side Fund –

20 years ago

WELLESLEY, Mass. – To help its portfolio companies benefit from strategic limited partners, Battery Ventures in early May launched a side vehicle to invest exclusively in businesses developing ways to integrate voice, video and data traffic into one network. The Convergence Fund, a $40 million fund that will invest alongside the recently wrapped $400 million […]

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Harbert Launches $100M Venture Fund –

20 years ago

Birmingham, Ala. – Seeking to expand the breadth of its private equity offerings, Harbert Management Corp. of Birmingham, Ala., recently launched Harbinger/Aurora Venture Fund L.L.C., its first venture capital fund, with a target of $100 million. The firm formed a partnership with Research Triangle Park, N.C.-based Aurora Group to seek out early-stage technology and life […]

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Wyckoff Leaves S.F. for Private Sector –

20 years ago

SAN FRANCISCO – Analyst Brewster Wyckoff was slated to leave the San Francisco City and County Employees’ Retirement System’s private equity program in mid-June to advise a local firm that invests in international turnarounds, buyouts and distressed debt. Ms. Wyckoff, who had been with the San Francisco pension for more than four years, applied for […]

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NetWorth Nets First New Hire –

20 years ago

ATLANTA – Three months after inking a partnership with Mellon Ventures, Buck Goldstein, founder and managing partner of Internet-focused netWorth Partners, welcomed Andrew Dietz as the firm’s second partner. Most recently a vice president of product development for BellSouth.net, the telephone company’s consumer Internet access service, Mr. Dietz will help netWorth source and manage Internet […]

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IAI Veterans Form Sapient Capital, Focus On Private, Public Micro-Cap Deals –

20 years ago

JACKSON, Wyo./MINNEAPOLIS – Two former venture capital executives from IAI Ventures Inc. teamed in May to launch Sapient Capital, a new venture fund with an innovative strategy focused on middle- to late-stage and public micro-cap technology, communications and health-care companies. At first glance, Sapient, managed by Principals Noel Rahn and Mitch Dann, two Investment Advisor […]

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Talisman Launches $250M Asia Fund –

20 years ago

LITTLE ROCK, Ark. – As a reflection of the slow return to Asia by private equity investors, Talisman Capital has begun fund-raising efforts for the $250 million Talisman Capital Asia Opportunity Fund. The new vehicle, Talisman’s second private equity fund, was launched in January and has hard commitments of $100 million, said Geoffrey Tirman, president […]

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