Dan Primack

Among those closely watching tonight’s election results will be the National Venture Capital Association, which contributed over $1 million to candidates and causes during the 2005-2006 cycle. The checks were written on behalf of VenturePAC, a political action committee funded by NVCA members. To see how VenturePAC has been spending its money, take a look […]

Updated: 11/7, 9:30am When Boston law firm Testa Hurwitz began disbanding in late 2004, I used a dry-erase board to keep track of all the comings and goings. Maybe it’s time to bring the board back for Pacific Corporate Group, which is down yet another managing director. This time it’s Michael Underhill, thus bringing the […]

Allan Karp has resigned as co-CEO of Apax Partners U.S., according to multiple sources close to the firm. The move comes just two months before a final close is scheduled for Apax Excelsior VII, and will be exacerbated by the simultaneous resignation of U.S. consumer and retail group head Chris Reilly. Apax isn’t commenting publicly (both […]

Four years ago, I launched a daily email publication called the PE Week Wire. It had a development budget of $0, and about 45 minutes of forethought. In fact, my group publisher didn’t even know it existed until a few days later. Today, the PE Week Wire has well over 30,000 subscribers. This website – called peHUB – has taken […]

In yesterday’s PE Week Wire, I asked readers to name the Boston-area VC firm that is launching a sponsored growth equity fund. My hint was to “look up.” OK, apparently not a great hint – since no one got it right. The correct answer is North Bridge Venture Partners, the venerable Waltham, Mass.-based firm that has made […]

Thomson Financial and the NVCA on Monday released their latest private equity performance numbers, and I’m trying to analyze them in the context of Sevin Rosen’s “VC model is severely damaged” argument.I see some validation for Steve Dow & Co., and also some contradiction (between Dow and the numbers, not between Dow and this company). Dow believes […]

Some quick hits before embarking on the return trip from Portland, Ore. to Boston… *** Today’s big LBO deal news is the possibility that Clear Channel could go private for around $18.5 billion. There are lots of angles of this deal worth discussing – high leverage multiples, family management control but not financial control, a […]

A reader asks: “Does it make any sense that Morgan Stanley is getting back into private equity? I thought they left because of conflicts with advisory clients. Have those conflicts somehow evaporated?” I hear you dear reader, and have been wondering the same thing myself. Morgan Stanley isn’t talking yet – partially because new group […]

The sky is gray, the World Series is tied and I’ve got a lot of “big new project” work to do before heading to Portland, Oregon for Venture Northwest (via Phoenix, ugh). In other words, it’s time for Monday Mouth-Off. *** Thomas on the spinout of Shore Points Capital from BNP Paribas: “These types of […]

The Rapt Inc. lawsuit has been settled out-of-court, according to PE Week. No details were disclosed. The case had involved two of three Rapt Inc. founders suing venture backers Accel Partners and Levensohn Venture Partners for fraud and breach of fiduciary duty. *** A few months ago, I told you that three IT-focused partners had […]