PEI Staff
Minneapolis-based SightLine Partners announced the closing of SightLine Healthcare Opportunity Fund II LP with $107 million in commitments. The fund, which finances late-stage medical technology companies, was oversubscribed and exceeded its original target of $100 million. As part of the fund close, Scott Ward has transitioned from a Venture Partner role to a full time Managing Director.
It’s human nature to assume that bigger is better, but that isn’t necessarily the case when venture capital-backed companies choose lead underwriters for their initial public offerings.
The acquisition today of ecoATM by Outerwall helps demonstrate that corporate venture capital funding is alive and well, says guest columnist Randy Hawks of Claremont Creek Ventures.
These may be halcyon days to sell, but the private equity industry may need to buff its reputation if it wants to replenish its inventory, writes Robert Cyran of Breakingviews.
Guest columnist Philippe T. Schenk of Grove Street wonders if the uncertainty around taxes in Q4 affected PE investment decisions and led to a misalignment of interests between the taxable GP and the tax-exempt LP.
The Tick Size Bill would allow small-cap issuers to opt in to trading increments of either a nickel or dime, and provide the necessary incentive for Wall Street to once again support these stocks, says Timothy Keating.
Blue Coat Systems' purchase of Solera Networks is not only good news for Allegis Capital, but also a healthy reminder of the major opportunity in building technology-based defenses against successful cyber attacks, writes Bob Ackerman, Allegis Capital founder and peHub guest columnist.
Institutional investors are taking over the nascent peer-to-peer lending industry, says guest columnist David Drake, founder of PE firm LDJ Capital.
The problem with the Midas List is that it focuses on individuals when venture capital is a team sport; it’s like giving a medal only to the member of a relay team who crosses the finish line, says guest columnist Mahendra Ramsinghani.
Electranova Capital, a fund managed by Idinvest Partners in association with EDF, has backed Forsee Power Solutions. Founded in 2011, Forsee Power Solutions specializes in integration which entails designing, developing and assembling battery systems.