In a marketplace glutted with money to be put to work, it seems as if everyone – including the kid next door – has launched a venture fund. Meanwhile, established venture capital firms are working harder than ever to differentiate themselves from their competitors. While traditional VC firms scramble to provide all the services the […]
If compensation indicates demand, senior-level partners at private equity firms are hot commodities these days. Their salaries, bonuses and carried interest distributions are swelling at a faster rate than the compensation of other members of the firm primarily because their bosses want them to stay put. With numerous years of VC experience, senior-level partners are […]
SAN FRANCISCO – Despite the troubles some of its corporate limited partners are having in the public markets, Allegis Capital is back in the fund-raising business with the fourth member of its media technology fund family. Allegis Capital’s model is based on leveraging the resources of corporate investors into its portfolio so as to mitigate […]
BOSTON – M/C Venture Partners held a final close on its $550 million venture capital fund, M/C Venture Partners V LP, which launched in June and held an initial close in August, said James Wade, a general partner at the firm. M/C Venture Partners will use the vehicle to back about 30 companies with average […]
SANTA CLARA, Calif.- SBV Venture Partners is aiming for a late fall or early 2001 second close on its inaugural fund and the fund’s companion vehicle, said Jacques Vallee, a principal with the firm. The two funds – Sigefi, Burnette & Vallee I and Sigefi, Burnette & Vallee IA – together will total $75 million […]
AUSTIN, Texas – Convergent Investors LLC held a $64 million final close in September on Convergent Investors VI LP, said Chris Yeoman, an associate with the investment group. The fund is Convergent’s first traditional venture capital fund, Yeoman added. The vehicle, which was launched in May with an $80 million target, held an initial close […]
MILAN – Just one week after Nokia Ventures revealed it was straying outside of the corporate huddle to bring on third party investors, Telecom Italia (TI) is prepping a new stand-alone vehicle mandated to invest in the broadly-defined Internet, communications and technology space. The new fund has a target capitalization of $600 million and is […]
STOCKHOLM – Ericsson, the Swedish communications giant, AB Industrivarden, one of Sweden’s largest active stock ownership holding companies, Investor AB, a Swedish long-term active global shareholder, and investment bank Merrill Lynch & Co. Inc. have formed a $300 million venture capital fund targeting investment in the mobile Internet development space. Each partner is committing $75 […]
MEXICO CITY – Advent International recently led a $4 million Series A investment in netLogistiK, an online logistics marketplace focused on the transportation industry. Advent invested $1 million in the Mexico City-based issuer through its $185 million Latin American Private Equity Fund. While Advent has approximately 60% of its Latin American portfolio invested in Mexico, […]
PALO ALTO, Calif. – Vanguard Venture Partners hired Daniel Eilers in early September as the firm’s fourth general partner. Vanguard made the move just in advance of the mid-September final close on its latest vehicle, the $240 million Vanguard VII LP fund. The firm, a backer of early-stage communications equipment, Internet infrastructure and life sciences […]