NEW YORK — Pequot Private Equity Group, the direct venture investment arm of Pequot Capital Management, Inc., today announced the final closing of its $725 million Pequot Private Equity Fund III, L.P. (“PPE III”), Pequot’s third expansion-stage venture fund and its fifth venture fund overall. PPE III will finance companies with high-growth business models in […]
NEW YORK — Peter J. Solomon Company (PJSC) announced today that Bradley I. Dietz had joined the firm as a Managing Director to lead its Restructuring activities. A Managing Director at Citigroup for the last ten years, Brad Dietz comes to PJSC with broad based experience in complex restructuring and reorganizations matters across a variety […]
NEW YORK — Merrill Lynch today announced that David Williams has returned to the firm’s technology investment banking franchise as director of its Global Venture Banking Group and head of the group’s Asian venture banking activities. Based in Palo Alto, Calif., Mr. Williams joins Jack Weingart, managing director and head of venture banking, a newly […]
CHICAGO —
NEW YORK & MEXICO CITY — Emit Capital, which invests in early-stage companies that employ and adapt proven technology-oriented business models in emerging markets worldwide, has signed a letter of intent to purchase a substantial equity interest in LatinIdea (www.latinidea.com). LatinIdea is an integrated, early-stage venture firm focused on identifying, funding and operating Internet, Internet-related […]
BURLINGTON, MA — Phonetic Systems Ltd., developer of voice-driven access systems to large dynamic data sources, has secured $37.5 million in financing led by General Atlantic Partners, LLC, the world’s largest private equity firm with an exclusive focus on IT, Internet and Internet-enabled businesses. Also participating in the round are Sonera Media Holding B.V., and […]
WALTHAM, MA
NEW YORK — As further evidence that the venture capital industry has not been immune from the public market turmoil through the second and third quarters, Venture Economics today announced its preliminary quarterly Private Equity Performance Index (PEPI) results for Q3 2000. For the third consecutive quarter, returns to limited partner investments in venture capital […]
NEW YORK — Auda Advisor Associates LLC today announced that David S. Andryc has joined the firm’s Private Equity group as a Managing Director. In that role, he will be responsible for managing Auda’s direct private equity activities, complementing the firm’s traditional role as a leader in partnership investments. Andryc, 40, has more than 13 […]
DENVER — Telseon, the leading provider of instantly scalable optical networks, announced today that it raised $100 million in new equity investment from leading investment banks, strategic partners and venture firms. In addition, the company has arranged for $75 million in capital lease financing. Since its inception, Telseon has raised more than $261 million in […]