News and Analysis

REDMOND, Wash. – InfoSpace.com Inc., an aggregator and integrator of Internet content services, went public December 15, offering 5 million shares at its proposed filing range of $15 each. The initial public offering, which left 20.1 million shares outstanding, was underwritten by Hambrecht & Quist, NationsBanc Montgomery Securities L.L.C. and Dain Rauscher Wessels. There were […]

MINNEAPOLIS – Select Comfort Corp., a nationwide retailer of air mattresses and sleep products, went public December 4, offering 4 million shares at $17 apiece. The stock priced at the high end of the company’s $15 to $17 filing range. The initial public offering, underwritten by Hambrecht & Quist, BancBoston Robertson Stephens, Piper Jaffray Inc. […]

HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]

HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]

SACRAMENTO, Calif. – For the second time in less than a year, California Public Employees’ Retirement System (CalPERS) has questioned its two advisers, Pacific Corporate Group Inc. (PCG) and Hamilton Lane Advisors, about how recent staff changes at the firms would affect their services to the $130 billion pension. CalPERS Senior Investment Officer Barry Gonder […]

LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]

OKLAHOMA CITY – The $1.1 billion Oklahoma Police Pension & Retirement System has for the first time carved out $15 million to $17 million of its assets for venture capital investing and plans to hire two or three alternative investment managers early this year. The pension issued a request for proposals for fund managers in […]

PARIS – Sofinnova, S.A. was slated to reach a first and final close on Sofinnova Capital III in mid-December, with expectations of exceeding its FFr 600 ($106.6 million) target. The fund (VCJ, November 1998, page 26) will back early-stage information technology and life-sciences companies, predominantly in France. Limited partners include J.P. Morgan Investment Management Inc., […]

NEW YORK – Behrman Capital rounded out its management ranks in November by adding Neil Sandler as a partner. The former investment banker came from BancBoston Robertson Stephens, where he spent two years working on health care. Mr. Sandler also will focus on health-care investments at Behrman, a later-stage venture and buyouts group, that has […]

PALO ALTO, Calif. – Bruce Golden initially joined Accel Partners as an entrepreneur-in-residence, and planned to focus only on his next business project. But he soon developed a passion for investing, and the firm took advantage of his operating and Internet experience by officially naming him a venture partner in mid-November. “It was more of […]