News and Analysis

WASHINGTON, D.C. – Friedman Billings Ramsey Group, a full-service investment banking and asset management firm, invests in post-seed-stage electronic commerce, telecommunications and Internet-related businesses primarily in the greater Washington, D.C., area and the Mid-Atlantic United States. The firm closed its first venture fund, the $50 million FBR Technology Venture Partners, in late July 1998. The […]
WAYNE, Pa. – Pennsylvania Early Stage Partners, a partially state-sponsored $50 million private equity vehicle, was launched in early 1998 to spur early-stage technology investments in Pennsylvania. The fund was established in response to Governor Tom Ridge’s Technology 21 initiative, which was launched several years ago to help boost the state’s high-tech industry and attract […]
CAMBRIDGE, Mass. – Allaire Corp., a Web development software provider, went public January 22, offering 2.5 million shares at $20 apiece. Shares priced above the company’s $15 to $17 filing range. The initial public offering, which left 10.5 million shares outstanding, was underwritten by Credit Suisse First Boston, Dain Rauscher Wessels and NationsBanc Montgomery Securities. […]
CARLSBAD, Calif. – Invitrogen Corp., a provider of research services to corporate, academic and government entities, filed to go public December 10. The company plans to offer 3 million shares at approximately $15 each. Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities and Warburg Dillon Read underwrote the initial public offering, which will leave 12.6 million […]
SANTA CLARA, Calif. – NVIDIA Inc., a developer of three-dimensional graphics processors and related software, held an initial public offering January 21, offering 3.5 million shares at $12 each. The stock priced above the company’s $7 to $9 filing range. The IPO, which left 28.6 million shares outstanding, was underwritten by Morgan Stanley Dean Witter, […]
NEW YORK – J.P. Morgan Securities Inc., which has been shifting its business from commercial to investment banking, in January launched the first in a series of private equity funds. Tentatively named J.P. Morgan Latin American Capital Partners, the vehicle has a $1 billion target and will receive a significant infusion from the firm, said […]
BELLEVUE, Wash. – Encompass Ventures, a Japanese-backed firm that invests in United States information technology companies, is adjusting to the recent departure of its founder and preparing to raise two follow-up funds at the start of this year. Craig McCallum, who quietly resigned in the fall after expressing disappointment with the group, was expected to […]
MENLO PARK, Calif. – Doll Capital Management Inc. began pre-marketing its second fund in mid-November and planned to formally launch fund raising in February. Doll Technology Investment Fund II, which has a goal of between $80 million and $100 million, will back early-stage telecommunications and Internet software and services companies, said Managing General Partner Dixon […]
NEW YORK – Patricia Cloherty, a 30-year veteran of Patricof & Co. Ventures, in mid-December said she would scale back her daily responsibilities as co-chairperson of the firm, starting in June with a transition from general partner to special limited partner. Ms. Cloherty’s duties at the firm will remain unchanged until the transition, after which […]
WAYNE, Pa. – TL Ventures hired Robert Verratti in December as a partner who will establish the firm’s presence on the West Coast by identifying new investment opportunities and managing existing portfolio companies in Southern California. Mr. Verratti, most recently chief executive officer of National Media Corp., the world’s largest infomercial company and a TL […]

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