SAN FRANCISCO/TEL AVIV, Israel – Eager to begin investing its oversubscribed $55 million vehicle, Eucalyptus Ventures recently held a final close on its first fund, which focuses on early-stage, Israeli-related technology and health-care companies. “You can fund raise forever,” said Bruce Crocker, a managing director of the vehicle, which was created in 1997 and is […]
PROVIDENCE, R.I. – Chisholm Fund Partners, Fleet Equity Partners’ new fund-of-funds for individuals and small institutional clients, in November held a $20 million initial close as it eyed a final wrap in December. Launched in April 1998, Chisholm Fund Partners’ strategy is a departure from the $35 million Chisholm Partners III and its predecessors. The […]
BOSTON – The two venture firms recently spawned from Media/Communications Partners were well into their inaugural fund-raising efforts this winter, with M/C Venture Partners expecting to wrap a $250 million vehicle in December and Great Hill Partners anticipating a first and potentially final $300 million close in January. The six managing partners of Media/Communications split […]
BLOOMINGTON, Minn./SAN FRANCISCO – St. Paul Venture Capital Inc. this fall created three more satellite funds based in Minnesota, Southern California, Pennsylvania and San Francisco. The medically focused vehicles, managed by investment professionals well known to St. Paul, give the venture firm access to very early-stage and very niched opportunities. (VCJ, December 1998, page 6). […]
SANTA FE, N.M. – Vestor Partners saw a final close in mid-October that raked in $55 million on its debut buyout fund, said David Chase, a managing general director at the firm. The fund is unusual in that its 75 limited partners are comprised only of wealthy individuals. Commitments to the fund ranged in size […]
SCOTTSDALE, Ariz. – Valley Ventures II reached a $20 million first close just before Thanksgiving and is slated for a first-quarter wrap on or near its $35 million target. The two-partner firm will back early and later-stage companies in the Southwestern United States, including health-care businesses (VCJ, November 1998, page 21). Valley Ventures, the first […]
WELLESLEY, Mass. – Mi3, a new venture firm focusing on the medical imaging market, in late November held a first close on $5 million from the Indiana University Department of Radiology. Mi3, which stands for Medical Imaging Innovation and Investment, will target a final close in June somewhere between $25 million and $35 million. The […]
PROVIDENCE, R.I. – Chisholm Fund Partners, Fleet Equity Partners’ new fund-of-funds for individuals and small institutional clients, in November held a $20 million initial close as it eyed a final wrap in December. Launched in April 1998, Chisholm Fund Partners’ strategy is a departure from the $35 million Chisholm Partners III and its predecessors. The […]
DURHAM, N.C. – A.M. Pappas & Associates, a life sciences investment and consulting firm, held a $20 million initial close on its maiden vehicle in late November. Tech AMP International, launched last summer, will focus on early-stage life sciences, medical devices and information technology companies with therapeutic implications. The fund is A.M. Pappas’ first formal […]
AUSTIN, Texas – Austin Ventures, L.P. closed its sixth fund in late November at $320 million, beating its $250 million target and making its first investment. General Partner Joseph Aragona said he was pleased with the level of interest in the fund and the speed of its closing. “I think it says that [our] balanced […]