2001
Asia: December 2001
31/12/2001. Dramatic fall in Japanese VC but Indian venture activity at an all-time high...
Funds: December 2001
31/12/2001. Final close for Invesco, Abingworth exceeds target, Axa closes secondaries fund, third fund of funds for Pantheon…
Continental Europe & Israel: December 2001
31/12/2001. Morgan Grenfell to sue EM.TV, Europe's VC-backed companies gloomy about future, New Israeli start-up fund, Europe becoming more entrepreneurial, AXA closes secondaries fund...
North America: December 2001
31/12/2001. Canadian private equity still way behind US, corporate venturers stand their ground, end of year sees US IPO flurry, Softbank changes name to Mobius…
UK & Ireland: December 2001
31/12/2001. Barclays to increase private equity exposure, Scotland home to new nanotechnology centre, upturn in European market, says Legal & General, new BVCA valuation working party…
Trends: December 2001
31/12/2001. UK buy-out values fall, nearly half of all hedge funds fail within five years, dotcom deathrate doubles, 2002 to see pick up in LBOs...
People: December 2001
01/12/2001. Anson replaces Szente at Calpers, NAPF director general steps down and KPMG boosts London private equity team...
Funds: November 2001
30/11/2001. Final close for Jerusalem, initial closing for Aberdeen Murray Johnstone, two new funds for Cofiri, first closings for Merlin BioMed and Lexington, new fund for Arcturus…
People: November 2001
30/11/2001. Calpers loses chief investment officer, Steingraber appointed new non-executive director at 3i and Myners relinquishes Gartmore chairmanship….
Asia: November 2001
30/11/2001. Private equity alliance for Nomura and Thomas Weisel, Indian VC down 25 per cent…
Central & Eastern Europe: November 2001
30/11/2001. Private equity investment slumps in Hungary, Czech government to look to private equity firms for privatisation of national telecoms group….
Trends: November 2001
30/11/2001. LPs defaulting on private equity commitments, European biotech attracting investment, US VCs in paralysis, Sweden top for innovation and industry potential, UK VCs suffer confidence crisis…
North America: November 2001
30/11/2001. Investment frozen in Silicon Valley, Hicks Muse short of target, KKR breaks through $5bn mark, Lehman teams up with Ehrenkranz to offer fund of funds…
Continental Europe & Israel: November 2001
30/11/2001. Corporate venturing lags behind US, Europe biotechs still attracting VC funding, French private equity market to grow threefold by 2006...
UK and Ireland: November 2001
30/11/2001. BVCA highlights the positive impact of VC, 20-partner rule to be abolished, CDOs to be rated, Schroder Ventures becomes Permira, CGNU ups private equity allocation…
Continental Europe: October 2001
31/10/2001. Europe to escape the US downturn, Austria allows private equity allocation for pension funds, Pantheon sees slump in portfolio value…
UK and Ireland: October 2001
31/10/2001. BVCA sets up task force to prevent money laundering, new raft of local authority pension funds eye private equity, UK buy-out market affected by 11 September…
People: October 2001
31/10/2001. Davis to head private equity at Merrill Lynch, new chairman for Royal Bank Private Equity and two new hires for Amadeus….
Asia and Australia: October 2001
31/10/2001. Trouble looms for Asian venture funds, VC investments in India plummet and new DragonVenture fund for China…..
Central/Eastern Europe: October 2001
31/10/2001. Credit Agricole to set up VC fund in Poland, Russian pension reforms in the pipeline…
North America: October 2001
31/10/2001. Applied Materials establishes corporate venturing arm, Primedia shuts VC operations, Accenture Technology Ventures announces write-down…
Trends: October 2001
31/10/2001. US and Europe report dismal private equity figures, Finland ranks top for future growth, US private equity executives see fall in wages…
Funds: October 2001
31/10/2001. Final closing for Gilde, debut fund of funds for Schroders, launch of Kleinwort Capital, second fund of funds for Danske, final close for Brockway Moran, Riverside closes ahead of target....
Trends: September 2001
30/09/2001. The world stopped on 11 September as it heard about the terrorist attacks in the US, but after the initial shock wore off, the private equity industry started taking stock of how the tragedy would affect it…
North America: September 2001
30/09/2001. Calpers removes performance stats from website, Canadian Pension Plan commits C$325m to private equity and Capital Z founding partner quits…
Continental Europe: September 2001
30/09/2001. Uncertainty for Allianz and Dresdner,a rise in Venture Capital activity in Spain and impressive profits for NPM Capital...
People: September 2001
30/09/2001. Cybulski joins Almeida, Royal Bank of Scotland expands in Germany and Colloton becomes COO at Bessemer...
Funds: September 2001
30/09/2001. New biotech fund for Eli Lilly, debut fund of funds for Schroders, green VC fund for Triodos Bank, final closing for Parthenon, JP Morgan cuts fund target…
UK and Ireland: September 2001
30/09/2001. New exchange for UK private companies, Close Brothers' profits fall and Barclays commit to support regional VC funds...
North America: August 2001
30/08/2001. Hicks Muse Tate & Furst announced cut backs, Lucent lays off 20,000 employees Susan Woodward takes the private equity industry to task...
People: August 2001
30/08/2001. A shake-up at Hicks Muse, a new recruit for Duke Street and Gresham Private Equity heads north…
Trends: August 2001
30/08/2001. Israeli venture capital drops, US exits rise but early stage investments slump, annex funds on the up, VCs get the Hollywood treatment …
Funds: August 2001
30/08/2001. STAR to close on $457m, WestAM announces fisrt close on fund of funds, half-year loss for 2M Invest, Polaris attracts $900m, Prudential beats mezzanine target…
UK & Ireland: August 2001
30/08/2001. New entrants flood the VCT market, Bank of Scotland increases private equity investment, J Sainsbury moves into private equity investments
Asia and Africa: August 2001
30/08/2001. 3i opens a new Asian office, Baring announces closing of Asian fund…
People: July 2001
30/07/2001. Graham Hutton leaves Morgan Grenfell Private Equity; Sir Robert Smith takes helm, Christophe Bavière replaces Antoine Valdes at AGF and Calpers names Richard J Hayes as new manager for private equity investments…
Trends: July 2001
30/07/2001. Secondary buy-outs on the rise; exits on the wane, private equity performs well for UK pension funds, IPO and M&A activity doom and gloom, US private equity returns up…
Continental Europe: July 2001
30/07/2001. Total funds raised in Europe sets new record, Eiger Capital launches technology fund of funds, Kodak establishes venture arm, Battery Ventures abandons European office plans, UBS postpones private equity spin-off…
UK and Ireland: July 2001
30/07/2001. Two local authorities make private equity moves, buy-outs strong, but not for long, Deutsche Bank drops MGPE spin-off, private equity produces top returns for pension funds…
People: June 2001
30/06/2001. Duke Street hires head of origination, Hg Capital attracts Robin Lincoln and Guy Hands is set to leave Nomura…
Funds: June 2001
30/06/2001. Europe – Duke Street prices largest ever European CDO, Doughty Hanson to launch mega-fund, CVC closes record European buy-out fund. US – Hicks Muse way off $4.5bn target, Blackstone to launch new buy-out fund, Behrman Capital III closes
Trends: June 2001
30/06/2001. EVCA figures show record year, worldwide M&A dives, secondary buy-outs on the increase, European tech investing higher than ever…
North America: June 2001
30/06/2001. Hicks Muse to miss target, Willis Stein oversubscribed, more go at Whitney…
Continental Europe: June 2001
30/06/2001. Private Equity Holdings abandons Vontobel, Carlyle now in Spain, Intel Capital slows investment, Germany tops European buy-out league table…
UK & Ireland: June 2001
30/06/2001. Greenhouse granted independence from Reuters, Mercury renamed HgCapital, Chancellor outlines pro-venture policies, 3i takes technology hit...
North America: May 2001
30/05/2001. US investment down, Thomas Weisel closes fund of funds down $200m, Levitt Joins Carlyle, Octane and Camelot return funds…
UK and Ireland: May 2001
30/05/2001. Crucible opens office in Northern Ireland, Charles Thompson joins Inflexion, 3i posts negative returns…
Continental Europe: April 2001
30/05/2001. Phoenix breaks free from CSFB, Easdaq and Nasdaq to merge, Italy's first fund of funds, European private equity figures, Germany's M&A boom...
UK and Ireland: April 2001
30/05/2001. IPO activity slows, large buy-out market alive and well, Barings and F&C Ventures spinning out, local authorities get into private equity...
Africa and the Middle East: April 2001
30/05/2001. South African private equity growing, despite troubles and Israel to benefit from biotech boom...
North America: April 2001
30/05/2001. Insight and Geocapital return funds, Hummer Winblad apologises, IPOs stagnant...
Trends: April 2001
30/05/2001. VCs appear in top 100, boom in corporate venturing, fund raising gets tough...
Funds: April 2001
30/05/2001. IDG comes to Europe, Illuminator, Electra raise first funds, Penta and Atlas close, Duke Street launches new fund...
Funds: May 2001
30/05/2001. New funds launched by CSFB, Standard Life and Botts Capital, successful closings from IDG, Invesco and Thomas Weisel, and disappointment for Whitney…
Continental Europe: May 2001
30/05/2001. John Major to chair Carlyle Europe, Raffeisen eyes Poland, Bridgepoint hires in Germany and Duke Street sues Steiner
Trends: May 2001
30/05/2001. pension fund private equity investment soars in the UK, European bankers positive about private equity, but across the Atlantic, US venture capital fund-raising declines…
Asia: May 2001
30/05/2001. GE capital launches Indian private equity arm and Deutsche Bank strengthens Asian team, while Whitney & Co spin off their Japanese business.
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