Staff Writer
Kevin Appelbaum came to a realization in mid-1997: he was purchasing all of his airline tickets online and found himself reading more books because of Amazon.com. “If I could avoid going to the store by going online and finding what I needed, I was doing it,” says the entrepreneur, who at the time worked with […]
SAN FRANCISCO – Venture Capitalist William Tai and his former employer, the Walden Group of Venture Capital Funds, were slated to enter settlement negotiations in mid-December concerning a lawsuit Walden filed last fall against Mr. Tai, said the defendant’s attorney Robert Bunzel. As a result, Mr. Tai postponed submitting a response to the lawsuit that […]
LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]
OKLAHOMA CITY – The $1.1 billion Oklahoma Police Pension & Retirement System has for the first time carved out $15 million to $17 million of its assets for venture capital investing and plans to hire two or three alternative investment managers early this year. The pension issued a request for proposals for fund managers in […]
REDWOOD CITY, Calif. -Venture capitalist Tim Draper has launched a Web site to rally and gauge support for a proposal for California’s March 2000 ballot to reform the state’s public school system and allow school choice. California’s high-tech community – and the VCs who back it – often complain that the states’ public schools do […]
NEW YORK – Bank of New York is about to become the latest lender to launch a private equity fund-of-funds for its private clients. Industry sources say lenders today are almost forced to offer their clients access to private equity partnerships to keep up with competitors such as BankBoston, Chase Manhattan Corp., Credit Suisse First […]
ANN ARBOR, Mich. – Arbor Partners L.L.C. has begun premarketing a venture capital fund that will target the electronic commerce and Internet sectors. The firm intends to raise between $50 million and $60 million for the vehicle, which will make later-stage investments, said Managing Director Donald Walker. Active fund raising should begin around the middle […]