TALLAHASSEE, Fla. – After a half year’s lull in private equity investing following the departures of key investment staff, the Florida State Board of Administration was gearing up late last fall for a return to the asset class in 2000. The $100 billion pension’s reentry will come with a more formal approach to alternatives investing. […]
Once upon a time, there was an entrepreneur with a fabulous idea who needed help getting it off the ground. He searched and searched, but all that was available was some office space in a venture firm, along with a telephone line, a photocopier machine, and with luck, a second-hand computer, in exchange for a […]
The University of Oregon Foundation, which administers the endowment of the University of Oregon, aims to invest up to 20% of its capital in alternative assets, including venture capital funds. At the initiative of Peter Rothschild, chairman of the investment committee of the University of Oregon Foundation Board of Trustees, the foundation started diversifying the […]
RIDGEWOOD, N.J. – Facing in a rise in investor interest, Ridgewood Capital Management increased the target size of its second venture fund to $125 million from the $75 million goal set at the vehicle’s launch in early November. Ridgewood Capital Venture Partners II L.L.C. will retain the investment focus of its $52 million predecessor, which […]
RESEARCH TRIANGLE PARK, N.C. – Southeast Interactive at press time was anticipating a first close on $60 million to $70 million on Southeast Interactive III L.P. The fund targets $100 million and is expected to wrap on that figure in early in 2000, said General Partner David Blivens. The firm, which closed the $36 million […]
AUSTIN, Texas – Austin Ventures expected to finish raising its $825 million Fund VII in December and expects to hold a final close in January, said John Thornton a general partner at the firm. The fund notched a first close on just less than $700 million in October. To keep up with the firm’s growth, […]
SAN FRANCISCO – As venture capital firms shift their staff-hungry eyes from Wall Street’s investment bankers to its research departments, analysts are finding that private equity is promising something just as valuable as a shot at personal fortune – a life. When Keith Benjamin, a former senior Internet analyst and managing director at BancBoston Robertson […]
TALLAHASSEE, Fla. – After a half year’s lull in private equity investing following the departures of key investment staff, the Florida State Board of Administration was gearing up late last fall for a return to the asset class in 2000. The $100 billion pension’s reentry will come with a more formal approach to alternatives investing. […]
BOSTON – Scudder Kemper Investments Inc. in December launched the Scudder Kemper Investments E-Cubator Group, an incubator geared toward funding, building and launching e-businesses in the financial services industry. Jay Kingley, formerly a partner at the e-business consulting firm Diamond Technology Partners, will head the new unit, whose parent company is Zurich Financial Services Group. […]
WESTWOOD, Mass. – Prism Venture Partners at press time was preparing for a January launch of Prism Venture Partners III L.P., which will target $200 million and invest in health-care, communications and Internet companies at all stages of development. “We expect about two-thirds of the new fund to go into Internet and communications sectors,” said […]