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Patricof Enters Japan With $160M Fund –

20 years ago

NEW YORK – Patricof & Co. Ventures Inc. has launched a $160 million-targeted private equity fund that will invest in Japanese venture capital, buyout and growth equity deals. Patricof is collaborating with the owner of a Tokyo for-profit business school called Globis Corp. to raise Apax Globis Japan, which should hold a first close in […]

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Billimoria Quits HQ, 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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Wisconsin Approves Biotech Fund –

20 years ago

MADISON, Wis. – In an effort to spur in-state biotechnology investing, trustees of the Wisconsin State Investment Board in mid-April approved a proposed $50 million venture fund to invest in biotechnology, life sciences and possibly other high-tech entrepreneurial efforts developed in and around the state. The pension is launching the fund to provide support for […]

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Palomar Ventures I Notches First Close –

20 years ago

SANTA MONICA, Calif. – Palomar Ventures I, the freshman fund of Randy Lunn and Jim Gauer’s year-old venture firm, reached a first close in April on a little more than $50 million, Mr. Lunn said. The Southern California-focused fund is targeting $75 million, and Mr. Lunn said he foresees no problem reaching that goal (VCJ, […]

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HQ Fund Balloons To $336 Million –

20 years ago

SAN FRANCISCO – Hambrecht & Quist’s Access Technology Partners L.P. surged to almost three times its target and at press time had scheduled a mid-May wrap on $336 million, said Managing Partner Charlie Walker. H&Q had planned to launch the fund a year ago, with the intention of raising $200 million for both direct deals […]

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WPG Adds Partner, Raises New Fund –

20 years ago

SAN FRANCISCO – Weiss, Peck & Greer Venture Partners was busy this spring launching a new fund, welcoming a new general partner and tipping its investment strategy a bit more toward information technology and away from health care and life sciences. By press time, the firm had almost finished raising Weiss, Peck & Greer Associates […]

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MeriTech Anticipates A Weighty First Close –

20 years ago

PALO ALTO, Calif. – MeriTech Capital, a new venture fund sponsored by a handful of existing technology-focused VC firms, expects a first close in mid-May and a final wrap in June, said John Walecka, the Brentwood Venture Capital general partner who represents his firm on MeriTech’s investment committee. Launched last spring, MeriTech aims to raise […]

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Southeast Ventures Closes $35M Fund –

20 years ago

RESEARCH TRIANGLE PARK, N.C. – Southeast Venture Partners, a backer of information technology companies, held a $35 million final close in April on its Southeast Information Technology Fund II L.L.C., and already committed half of the vehicle, Managing Director David Blivin said. Southeast invests in early-stage telecommunications, enterprise management, Internet infrastructure, bandwidth enablement and e-commerce […]

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Kitty Hawk Capital –

20 years ago

CHARLOTTE, N.C. – Kitty Hawk Capital provides financing for early- and expansion-stage information-technology, medical devices and consumer businesses throughout the Southeastern United States. Since its inception in 1980, the firm has invested in 70 private companies and currently manages more than $100 million. Kitty Hawk Capital IV, the firm’s most recent fund, held a $43 […]

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Amazon.com, Wal-Mart Settle Suit –

20 years ago

SEATTLE – Five months after the start of a bitter legal battle that pitted a poster child of the upstart e-commerce industry against a giant brick-and-mortar retailer, Amazon.com Inc. and Wal-Mart Stores Inc. have settled their lawsuit. The settlement brings an end to a long legal tale that started in October, in which Wal-Mart brought […]

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Chase Adds Principal In San Francisco –

20 years ago

SAN FRANCISCO – Chase Capital Partners in March beefed up its San Francisco presence by hiring David Britts as a second principal in the four-man office, said Shahan Soghikian, a general partner at Chase. “His bailiwick has been networking equipment, which is a natural extension from our concentration on telecom services,” said Mr. Soghikian, who […]

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Blue Chip Expects Close For Fund III –

20 years ago

CINCINNATI – Blue Chip Venture Co. plans an April close on the $150 million Blue Chip Capital Fund III L.P. The fund will invest in roughly 25 companies with an individual average investment of $6 million, said General Partner John Wyant. Blue Chip III’s minimum investment will be $2 million and no investment will exceed […]

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MeriTech Appoints Managing Director –

20 years ago

PALO ALTO, Calif. – MeriTech Capital in mid-March hired its second managing director, Mike Gordon, formerly of BT Alex. Brown. Mr. Gordon will join MeriTech Managing Director Paul Madera in overseeing the late-stage fund, which is a joint effort of Accel Partners, Brentwood Venture Capital, Oak Investment Partners and Worldview Technology Partners (VCJ, April, page […]

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Comcast Interactive Makes First Hire –

20 years ago

PHILADELPHIA – Two months after its January launch, Comcast Interactive Capital Group, the venture capital subsidiary of cable operator Comcast Corp., hired veteran venture capitalist Samuel Schwartz as a managing director. Mr. Schwartz is Comcast’s first deal-oriented hire since the group launched its $100 million VC unit (VCJ, February, page 5). He joins the company […]

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HarbourVest Markets $2B Fund-of-Funds –

20 years ago

BOSTON/NEW YORK – HarbourVest Partners, L.L.C. is marketing its sixth fund-of-funds targeting investments in the United States. The launch is significant because it signals HarbourVest’s further movement away from committing to buyout partnerships and direct deals. If it reaches its $2 billion target, HarbourVest Private Equity Partners VI, L.P. is planning to invest $500 million […]

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Pantheon Prepares To Wrap Fund III –

20 years ago

SAN FRANCISCO – Pantheon Ventures in early April was awaiting the completion of paperwork by a few limited partners before declaring a final wrap on its third fund-of-funds. Pantheon USA Fund III, launched in mid-1998, was the firm’s first major fund raising effort to include investors in the United States (VCJ, September 1998, page 21). […]

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Crossroad Changes Name, Nears Close –

20 years ago

SEATTLE – Crossroad Ventures, the venture firm that spun out of Silicon Valley’s Redleaf Ventures earlier this year, recently changed its name to Guide Ventures and was anticipating a first close in April on more than $10 million for its inaugural fund, said founder Russ Aldrich. Mr. Aldrich, who had been Redleaf’s Washington-based managing director, […]

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