CHICAGO – The Windy City has all the ingredients to cultivate a fertile venture capital community. However, Chicago’s robust financial services infrastructure, elite universities and high quality of life have yet to stimulate an entrepreneurial atmosphere that can compete with Silicon Valley and Route 128. According to a study produced by the Illinois Coalition, 10 […]
NEW YORK – A group of private equity professionals is preparing to launch a fund with a target of approximately $300 million that will rely on a network of female executives for deal flow and due diligence. The firm, as yet unnamed, has three partners: Molly Ashby, a former managing director at J.P. Morgan Capital […]
NEW YORK – For the first time in its nearly 20-year existence as a professional money manager, Rho Management has combined its private equity clients under one partnership. The $100 million Rho Capital Partners 1999, first marketed in January and closed in June, is the firm’s first fund raised from multiple high-net-worth individuals and “one […]
DALLAS – Saunders, Karp & Megrue has launched an affiliated firm in Dallas that will invest in lower middle-market deals using capital from the New York firm’s $500 million private equity fund. Saunders Karp General Partner Barron Fletcher will return to his native Texas to head the new venture, dubbed SKM Growth Investors. The firm […]
PITTSBURGH – Departing from the traditional corporate venture investment model, Boston-based Internet portal Lycos Inc. has teamed with Triangle Capital Corp. to raise a venture fund that will invest in Internet-related companies. Unlike other corporate investors such as Comcast Corp., Oracle Corp. and E*Trade Group Inc., which have created in-house venture capital units to enhance […]
NEW YORK – With more than $60 billion committed to the asset class, private equity managers are swimming in a sea of capital. However, according to a report issued in July by the Kauffman Center for Entrepreneurial Leadership and Babson College, the distribution of that capital resembles Asia’s fertile crescent in that entrepreneurs near the […]
new york – A group of old hands in the emerging markets, led by Peter Marber, Michael Gagliardi and Hernando Perez Anez, have bought themselves out of Wasserstein Perella Emerging Markets (WPEM) and launched a new venture – Trust Company of the Atlantic. The group will be building off a core of roughly $300 million […]
STAMFORD, Conn. – Thomas H. Lee Co. and Putnam Investments have hired Jeffrey Coates, a managing director at GE Equity, and are courting several other GE Equity executives to head an Internet investment fund. The vehicle will be the first of many proposed funds to be managed by TH Lee, Putnam Capital, a joint venture […]
PRINCETON, N.J. – German conglomerate Siemens AG is following in the footsteps of other large enterprises by creating a strategic-oriented venture unit. Having already established a finacially-oriented venture group in Germany, Siemans has launched a U.S.-based strategic venture operation as part of the company’s Corporate Research Group. The research group will evaluate young innovative companies […]
IRVINE, Calif. – Continuus Software Corp., an Internet and asset management software developer, went public July 29, offering 2,523,642 shares. The stock priced at $8 apiece, the low end of the company’s $8 to $10 filing range. U.S. Bancorp Piper Jaffray and CIBC World Markets underwrote the initial public offering, which left 13.04 million shares […]