PE Hub Staff

SWITZERLAND — Prime Edge Capital, the first Collateralized Private Equity Obligation (CPO) successfully completed its second closing, bringing total capital amount to EUR 175 million, with an investment capacity of EUR 280 million. The notes have a stated maturity of 12 years. To the extent that assets remain in Prime Edge after the senior noteholders […]

ALPHARETTA, GA — Wave7 Optics Inc., an innovative developer of optical access equipment for the fiber-to-the-home and business (FTTX) market, today announced that is has raised a second round of funding totaling $23 million, bringing the company’s total funds raised to $32 million. Advanced Technology Ventures led the Series B round with new investors Mellon […]

MINNEAPOLIS — In a planned transition to new leadership, St. Paul Venture Capital today named Zenas W. Hutcheson and David W. Stassen as the firm’s managing general partners, succeeding Patrick A. Hopf. The appointments are effective immediately. Hopf, 53, who founded St. Paul Venture Capital in 1988, will continue with the firm as a general […]

DERRY, NH — Cedar Point Communications, a New Hampshire company developing an innovative PacketCableT based telephony technology for cable system operators, announced today the completion of an initial round of $19 million in private equity financing. Charles River Ventures and Battery Ventures have committed capital to the development and commercialization of Cedar Point’s Cable Media […]

OAKLAND, CA — NightFire, the provisioning automation company, today announced that it has secured $11.7 million in its fourth round of funding. U.S. Venture Partners led the latest round, with Sequoia Capital, New Enterprise Associates and the Roda Group also increasing their investments in NightFire. SAN FRANCISCO — Reef, a global provider of Internet software […]

CUPERTINO, CA — Pluris, the leading developer of scalable, fault-tolerant routers for the Internet core, has raised $53 million in the initial closing of its latest financing round. JP Morgan Partners, ComVentures, and Crescendo Ventures co-led the round, which included participation from other existing investors. The company continues to pursue additional funding opportunities with new […]

ANDOVER, MA — CMGI Inc. (Nasdaq: CMGI) today announced that George McMillan, its current chief financial officer and treasurer, will become the Company’s new chief executive officer, effective March 1, 2002. In connection with his promotion to CEO, McMillan has also been elected to CMGI’s Board of Directors. HOD HASHARON, ISRAEL & FARMINGDALE, NY — […]

PALO ALTO, CA — Nanosys Inc., the leader in nanotechnology enabled systems, today announced the closing of a $15 million Series B financing. The series was financed by five top-tier venture capital firms. Series A investors — ARCH Venture Partners, CW Group, Polaris Venture Partners, and Venrock Associates — were joined by Prospect Venture Partners […]

NEW YORK — Venture-backed merger and acquisition activity saw a drop in volume during the fourth quarter of 2001 to 74 acquisitions with a combined, reported value of $1.66 billion, according to Venture Economics and the National Venture Capital Association. This compares with the prior quarter

SANTA CLARA, CA & YOKNEAM, ISRAEL — Mellanox Technologies Ltd., the leading provider of InfiniBand silicon, announced today it has secured $56 million in its third round of funding. The round, led by Bessemer Venture Partners, includes both existing and new corporate and financial investors. In addition to Bessemer, new investors participating in the round […]