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Chris Witkowsky

New Enterprise Associates is nearing a close for a process to spin out startup investments from older funds into a new pool managed by one of its executives. The process is one of several run by high-profile investment managers using the secondary market to provide liquidity to investors in older funds and sort out long-held […]
As Butterfly Equity, a food-focused PE firm, closes in on its debut fund, one of the firm’s operating partners is also in the lead to buy the fresh-foods business of Campbell Soup Co. Butterfly has raised at least $174 million, and likely much more, for its first fund, called Butterfly II. The pool has a […]
Goldman Sachs has emerged as the lead buyer in an innovative secondary deal, being run by New Enterprise Associates, that is among the largest-ever such transactions in the venture capital world, three sources told VCJ affiliate publication Buyouts. The transaction is one of a group of deals involving high-profile GPs finding ways to deliver liquidity […]
Bessemer Venture Partners is targeting $1.6 billion for its 10th venture fund that invests in across stages, from seed to growth rounds, according to a person with knowledge of the firm. Bessemer filed a Form D fundraising document with the SEC earlier this month. The document did not state a target for Bessemer Venture Partners […]
Two members of the private-markets team at DuPont Capital Management, Kevin Campbell and Eric Wilcomes, have left the group, a DuPont spokesman confirmed for VCJ’s affiliate publication Buyouts. Campbell was managing director of the private-markets team for the company’s private pension fund. Wilcomes was a portfolio manager on the team. Why they left or whether anyone […]
Ian Chiu, a longtime executive at Warburg Pincus, left the firm and joined Owl Ventures to focus on education-technology investments. Chiu joined Owl Ventures as a managing director this month, according to his LinkedIn profile. He did not respond to a LinkedIn request for comment. A spokeswoman for Owl Ventures also did not respond to […]
Three big-name executives are in market raising their debut fund to invest in financial-technology entrepreneurs, sources said. Communitas Capital Partners Fund I is targeting $50 million, sources said. Fund I has raised at least $14.9 million, according to a Form D fundraising document filed in January. Communitas was formed in 2017 by Doug Atkin, Tom Glocer and Duncan Niederauer. Atkin […]
It’s a common refrain when asking about sexual harassment in private equity that change needs to come from limited partners. The people controlling the money can put maximum pressure on managers to change their cultures, address sexual harassment and make sure these types of issues get some focus through the ranks. The unfortunate fact is […]
Technology Crossover Ventures, which has invested in major tech companies including Netflix and LinkedIn, is preparing to raise its next flagship fund later this year, possibly in the third quarter, according to three people with knowledge of the firm. No official target has been set, but one person with knowledge of the firm said TCV could try and raise as […]
Mike Bego, who founded Kline Hill Partners in 2015, said fundraising never really ends, especially for a first-time fund manager. Bego, a former partner at Willowridge Partners, closed his debut fund on $180 million in 2016 and got down to investing. But it doesn’t take too long to start thinking about the second fund. “You always need to […]
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