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Firms and Funds
Beringea has sold Mergermarket, the M&A data provider, to the Financial Times Group, which is a subsidiary of Person. The sale will generate a total return of 14x the original investment for Beringea and an IRR of 69%. Beringa invested in Mergermarket through Global Fights Fund II, ProVen VCT and ProVen Growth & Income in […]
OncoMethylome Sciences, a venture-backed Belgian life sciences business, has completed a dual listing on the Euronext Brussels and Amsterdam Stock Exchanges. The molecular diagnostics company issued 3,373,334 shares on its IPO at a price of €7.50 per share, raising €25.3m, giving it a market capitalisation of approximately €75.5m. OncoMethylome is backed by ING Belgium (which […]
Investors are willing to back sub-£2m entrepreneurs
Susquehanna International Group (SIG) is planning to enter the U.S. venture capital market. The firm said that it expects to invest about $50 million per year in U.S. venture capital and growth equity deals in technology, financial services, business services and health care services. SIG spokesman Todd Simkin said that the $50 million figure is […]
When Sequoia Capital and Index Ventures bet $10 million on a site that invites children to dress up virtual celebrities and a dozen more top firms begin to spend wildly on avatars, you have to wonder if the venture industry hasn’t gone completely bananas. Since January, VCs have sunk more than $150 million into teen-oriented […]
Two of the largest public pension funds have set out to identify small firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS)—with the help of investment advisor Altura Capital—are compiling a database filled exclusively with emerging managers and financial service […]
Two of the largest public pension funds are aiming to identify the smaller firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) – with the help of investment advisor Altura Capital – are compiling a database filled exclusively with emerging […]
The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]
Shasta Ventures has yet to announce any investments, but that hasn’t stopped limited partners from lining up for its inaugural fund. The Menlo Park, Calif.-based firm currently is in allocation mode, and expects to soon hold a final close in excess of its $175 million target capitalization. If oversubscription for a first-time fund manager doesn’t […]
The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]