Firms & Funds

BOSTON – Highland Capital Partners recently held a first and final close on its fifth venture capital fund, garnering $500 million in commitments from more than 25 limited partners. In conjunction with the close, the firm has begun to expand its staff with the promotions of Jo Tango and Sean Dalton to general partners. Dalton […]
MIAMI – Buyout firm H.I.G. Capital held a first and final close in January on its $250 million H.I.G. Venture Partners LP, which will back early-stage communications, Internet and information technology companies, said Tony Tamer, a managing director at the firm. Known for its management-led buyouts and recapitalization investments, H.I.G. formed the fund in response […]
WOODSIDE, Calif. – The Woodside Fund, an early-stage investor in Internet and telecommunications companies, is raising its fourth vehicle, the $125 million-targeted Woodside Fund IV. The vehicle had more than exceeded its $100 million target, just three months after its launch in September 1999. As a result, the firm was forced to increase the fund’s […]
NEW YORK – Impact Venture Management, a new venture firm founded by Adam Dell, recently held a $100 million close on Impact Venture Partners LP. Dell, a former partner at Crosspoint Venture Partners and the brother of Dell Computers’ Michael Dell, created the vehicle to back early-stage e-commerce business-to-business companies in the Northeast, a market […]
NORTH CASTLE, N.Y. – International Business Machines Corp. (IBM) recently set aside $500 million to assist business-to-business e-commerce companies in need of capital to lease and finance computer hardware and software products, said William Doscas, vice president of financial products and sales for IBM’s Global Financing division. The computer giant will provide its own equipment […]
KIRKLAND, Wash. – AVT Corp., a developer of managed communications solutions, in January launched AVT Capital LLC, a $25 million venture capital fund. The vehicle, which receives capital solely from its parent company, will back about 10 to 15 early-stage e-commerce business-to-business communications companies primarily on the West Coast, said Roger Fukai, the company’s executive […]
NEW YORK – For the first time, some of Japan’s $1.5 trillion in pension money has been invested with a United States-based private equity group. La Jolla, Calif.-based Pacific Corporate Group in January closed a $100 million fund-of-funds co-sponsored by Mitsubishi Corp. Capital that only has Japanese institutional investors as limited partners, including Daido Life […]
NEW YORK – As public market investors continue to shun various small and mid-cap companies, scores of publicly traded businesses are now seeking private investments to strengthen both their boards and their balance sheets. The reason is partly because these private deals are less complex than secondary public offerings and can be a savior for […]
CLEVELAND – Morgenthaler in January finalized its private placement memorandum for Morgenthaler Partners VI and began marketing the $450 million-targeted vehicle. Chief Financial Officer Theodore Laufik, however, said that given initial response from limited partners, the firm likely will close above $550 million. Investments from MP VI will be split into three areas – 50% […]
ORLANDO, Fla. – The University of Central Florida recently launched an incubator to take advantage of in-house ideas and the growing number of high-tech companies in Orlando and its surrounding areas. The Central Florida Business and Technology Development Center (CFBDTC) is expected to bring “business minds and technical minds together to create a commercial success,” […]
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