2002
Complete monthly roundup: November 2002
03/12/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
People: November 2002
02/12/2002. Close Brothers takes on three investment managers, Eric Archambeau leaves Benchmark Capital, and The Riverside Company hires David Gordon…
North America: November 2002
02/12/2002. Horsley bridge cuts fund size, CalPERS likely to have to reveal performance data, Prudential abandons fund of funds plan, US exits still woeful, CSFB to sell portfolios…
Asia and Australasia: November 2002
02/12/2002. China eases foreign investor requirements, Australian university launches second venture fund and South Korean government helps the venture capital industry…
UK and Ireland: November 2002
02/12/2002. Guy Hands' Terra Firma Capital Partners holds first close at E1bn, Irish venture capital investment plummets in 2001, UK MBO activity edges upwards …
Continental Europe and Israel: November 2002
02/12/2002. Jafco cuts investment activity in Israel, citing the volatile political situation, Greenwich Associates finds that European pension funds are increasing allocations to private equity, Credit Suisse launches private equity fund for Germans to be managed by Golding Capital Partners …
Trends: November 2002
02/12/2002. UK sees record year for university spin-outs, German investment pace slows, European pension funds looking increasingly to private equity, secondary buy-outs on the rise…
Funds: November 2002
02/12/2002. LCF Rothschild launches second life science fund, Trinity Venture Capital closes ‘record' technology fund, Catalyst launches social business fund, JP Morgan closes largest ever fund, Lime Rock closes energy fund above target, Lehman Brothers Venture Partners launches third fund, Quivira Venture Partners launches healthcare fund…
UK and Ireland: October 2002
01/11/2002. UK VCs expect to increase their activities in spite of dismal IPO market, E-Capital renames itself Avanti Capital, and a low appetite for UK small quoted companies may spell trouble further down the line for venture firms …
Asia and Australasia: October 2002
01/11/2002. Greylock Partners to start investing in Asia next year, Baring Private Equity Partners announces final closing of Asia Fund II, Seoul government helps to launch a new VC fund
North America: October 2002
01/11/2002. MassPRIM may be sued by VCs, UTIMCO figures confirm poor returns fears, General Electric pulls away from VC activities, US investment figures continue decline…
Complete monthly roundup: October 2002
01/11/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Continental Europe and Israel: October 2002
01/11/2002. Alchemy Partners closes its German office in response to disappointing deal flow, total value of European private equity investment increases by 12 per cent over third quarter, a cloud hangs over the future of DeutscheBank's private equity investment arm …
Trends: October 2002
31/10/2002. European VCs remain confident, Asia beats US on IPO numbers, US venture capital returns continue downward spiral, French private equity investment figures up this year…
Funds: October 2002
31/10/2002. Doughty Hanson launches new mega-fund, Coller Capital closes record secondaries fund, Chequers Capital exceeds target on debut mid-market fund, General Electric pulls carpet from under GE Equity, JP Morgan nears close of record fund, Goldman Sachs announces close of fund of funds with $1.2bn…
People: October 2002
31/10/2002. Permira embarks on a recruitment drive, Clayton, Dubilier & Rice hires two partners, Ariadne Capital names five executives-in-residence…
UK and Ireland: September 2002
02/10/2002. Enfield council announces plans to invest up to six per cent of its assets in provate equity, Interregnum writes down its portfolio value by 80 per cent, Royal Bank Private Equity backs Cannons' bid for Holmes Place …
Complete monthly roundup: September 2002
02/10/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Continental Europe: September 2002
22/09/2002. Norway's Energy Ventures teams up with BP to launch new early-stage energy fund, new Spanish firm Grupo Rodania launches wireless venture fund, 3i survey says European business confidence has plummeted in the last three months …
North America: September 2002
19/09/2002. Mitsubishi launches buy-out firm, Alta Partners to raise two new funds, Colorado targets small funds, The Shansby Group raises $500m …
Central and Eastern Europe: September 2002
17/09/2002. Charlemagne merges four Croatian banks and Enterprise Investors buys fruit juice producer…
Asia and Australasia: September 2002
16/09/2002. The Korean government launches a venture capital fund, Schroder Ventures KK changes its name and Malaysian VCs get some respect…
Funds: September 2002
15/09/2002. HealthCap closes fourth fund, HBM Bioventures raising new fund, Catalyst Fund Management launching new financial services fund, Carlyle to launch $3bn European buy-out fund, Chicago-based Lake Capital Partners to raise first fund…
People: September 2002
13/09/2002. Tim Farazmand is named chief investment officer by Catalyst, Investcorp appoints two industrialists and Louis Hsieh joins Darby Asia Investors…
Trends: September 2002
11/09/2002. Global overhang of capital stands at $180bn, European venture investment picks up in September, study shows Japanese returns decline over time, US venture consolidation continues apace…
Trends: August 2002
04/09/2002. UK VCs confident about future, venture investment slashed in first half of 2002, global IPO volume slides…
Asia and Australasia: August 2002
04/09/2002. Fundraising in Asia plummets, Alpha West returns to managers, Singapore experiences MBO…
Funds: August 2002
04/09/2002. Charterhouse has first close, Matrix Private Equity closes below target, LGT to raise new fund of funds, Quad Ventures closes debut fund, HealthCare Ventures to raise $350m biopharmaceutical fund…
People: August 2002
04/09/2002. James Burton leaves Calpers, Clayton, Dubilier & Rice hires Oliver Cognet, Kim Pedersen joins Nordea Private Equity…
UK and Ireland: August 2002
04/09/2002. Charterhouse raises E1.4bn at first close, CDC Capital Partners changes direction, and HSBC reaches an MBO agreement for its private equity arm …
Complete monthly roundup: August 2002
04/09/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
North America: August 2002
04/09/2002. Dismal US fundraising figures, CIBC takes over Accenture venture portfolio, Calpers reports losses on private equity investments, Apax merges US and European operations…
Central and Eastern Europe: August 2002
04/09/2002. Czech government selects Cesky consortium, Raiffeisen wins legal battle over chocolates, Slovakia awaits new VC fund…
North America: August 2002
04/09/2002. Dismal US fundraising figures, CIBC takes over Accenture venture portfolio, Calpers reports losses on private equity investments, Apax merges US and European operations…
Continental Europe: August 2002
04/09/2002. France's PAI Europe Fund II closes at E1.8bn, CapMan profits fall by more than 90 per cent in the first half of 2002, European technology venture capital funding declines …
People: July 2002
31/07/2002. Flagship Ventures hires Edward Pitcher, Tucker Twitmeyer joins EnerTech Capital and Partech International names Helmut Schon as general partner…
South America: July 2002
31/07/2002. Charlemagne launches Argentine fund, Advent closes Latin American fund and Baring Latin American Partners announces exits…
Asia and Australasia: July 2002
31/07/2002. VC investments in Asia Pacific plunged 73 per cent in first half, China is set to change VC regulations and Dham launches $50m India fund…
North America: July 2002
31/07/2002. Calstrs joins forces with Altius, Blackstone Group raises record venture fund and venture capital funding in the US falls even further…
UK and Ireland: July 2002
31/07/2002. Abbey National considers selling its private equity portfolio, Yell pulls its IPO plans and sluggish MBO activity set to increase…
Complete monthly roundup: July 2002
31/07/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Trends: July 2002
31/07/2002. Global M&A activity picks up, Asia Pacific venture capital investments plunge 73 per cent and US venture-backed liquidity enjoys modest upturn in Q2…
Continental Europe: July 2002
31/07/2002. Europe's private equity industry continues to struggle, Danish venture capital grows rapidly and the Carlyle Group cuts the size of its European venture fund…
Funds: July 2002
31/07/2002. Teknoinvest holds first closing, Carlyle Group reduces fund size, Charterhouse Development Capital raising $3bn fund, Blackstone raises record breaking fund, Brooks Houghton launches mezzanine fund…
Funds: June 2002
02/07/2002. Final closing for Audax Mezzanine, Merrill abandons healthcare fund, GSC closes mezzanine vehicle, Candover closes buy-out fund, GI Ventures hits fundraising trail….
UK and Ireland: June 2002
02/07/2002. 3i bioscience fund struggles, Corporate Venturing UK launched, disastrous results for UK's LMS, VCs more optimistic…
Continental Europe: June 2002
02/07/2002. European biotech industry hungry for private equity, Finland sees fundraising slump for second year running, European Commission to invest E700m in nanotech…
People: June 2002
02/07/2002. Michael G Raab joins New Enterprise Associates, Dresdner Kleinwort Capital recruits Nicholas Kabcenell, former US secretary of state, Henry Kissinger joins Hicks Muse Tate & Furst…
Trends: June 2002
02/07/2002. Europe sees sluggish activity in Q1, private equity set for rapid growth, US venture valuations drop, Europe flooded with first-timers…
Asia and Australasia: June 2002
02/07/2002. Mitsubishi launches new venture fund, Carlyle closes latest Asia fund and China gets a new venture capital association…
Central and Eastern Europe: June 2002
02/07/2002. Euroventures targets Hungary, Mezzanine Management announces first closing and Hungarian Innovative Technologies Fund is optimistic…
North America: June 2002
02/07/2002. Walden, Worldview, Meritech and Austin slash fund sizes, US returns down, Novell to raise capital from third-party sources, Illinois state treasury gets in on venture capital…
Complete monthly roundup: June 2002
02/07/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Complete monthly roundup: May 2002
05/06/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Central and Eastern Europe: May 2002
03/06/2002. Dresdner Kleinwort Capital to extend MBO club to Czech Republic and OPIC sets up a private equity fund for Russia…
People: May 2002
03/06/2002. James E Burton leaves Calpers, Warburg Pincus names Beau Vrolyck as managing director and Kurt Kinzius joins Candover…
Asia and Australasia: May 2002
03/06/2002. VCs to set up The China Venture Capitalists Association, India to experience private equity boom and private equity firms pull out of Asia…
Trends: May 2002
03/06/2002. Second highest year on record for European private equity funding, US early-stage companies see increase in venture investment, software hot for European VCs, venture firms getting tough with portfolio companies…
UK & Ireland: May 2002
03/06/2002. Half of all UK corporate venturing attempts fail, Cinven closes fund well ahead of target, global firm 3i upbeat about recovery as results pick up…
Continental Europe and Israel: May 2002
03/06/2002. Strong 2001 performance from European private equity industry, European institutional investors set to pump more into private equity, 3i survey finds gentle recovery in confidence among European portfolio firms…
Funds: May 2002
03/06/2002. E3bn buy-out fund for 3i, Final closing for Bridgepoint, BNP Paribas spins out private equity division, Adams Street closes fund of funds at $900m, Carlyle launches $400m secondaries fund….
North America: May 2002
03/06/2002. Exit values plummet in Q1, Charles River Ventures slashes fund size, Indiana takes private equity plunge, Illinois cuts back private equity allocation…
Complete monthly roundup: April 2002
01/05/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
Continental Europe and Israel: April 2002
30/04/2002. EVCA opposes EU pension fund plans, European venture capital investment halved in 2001, setback for Italian private equity market…
UK & Ireland: April 2002
30/04/2002. Permira makes early pay-out, Babcock & Brown and Abbey National set up new fund, fall in profits for ICG…
South America and Africa : April 2002
30/04/2002. Barings to manage Latin American growth fund and CDC Capital Partners buys Entergy businesses…
Central and Eastern Europe: April 2002
30/04/2002. Dresdner Kleinwort Capital launches MBO/MBI club, Polish Private Equity Association established...
Asia and Australasia: April 2002
30/04/2002. Alcatel sets up China fund, Australia's Macquarie Bank in second private equity retail offering and India-based Infinity Ventures targets overseas investments…
Funds: April 2002
30/04/2002. Final closing for Cinven, Doughty Hanson to launch new mega-fund, First closing of tech fund for Pall Mall Partners, new fund of funds for Henderson, Accel cuts fund in half, Leonard Green & Partners plan fourth fund, Lone Star closes mega-fund, Warburg Pincus closes above target
People: April 2002
30/04/2002. Thomas Weisel Partners names Alan Crane as secondaries expert, Bob Sick joins Tangent Fund Management and Ariadne Capital names Emma Griffin as director…
North America: April 2002
30/04/2002. Lehman launched fund of funds, Accel slashes fund size, OVP retreats from biotech, Park Street capital spins out of Tucker Anthony…
Trends: April 2002
30/04/2002. US fund returns show mild uptick; venture investments still falling sharply, more bad news likely from venture portfolios, European fund-raising down in 2001, clawbacks to hit VCs' pockets…
Complete monthly roundup: March 2002
03/04/2002. All the month's most important stories from across the globe in one, easy to print format. Essential reading for those who need to keep up-to-date with the industry's key developments.
People: March 2002
31/03/2002. Michael Tokarz retires from KKR, Jack Mann returns to Merrill Lynch, and Barclays Private Equity makes ten promotions…
Central and Eastern Europe: March 2002
31/03/2002. White Williams forges alliance with Hungarian-American Enterprise Fund, Turkey closes its first venture fund, and Genesis launches Czech and Slovakian fund…
Asia and Australasia: March 2002
31/03/2002. Siemens' VC arm opens office in China, the Carlyle Group set to seal its first Japanese deal and Australia experiences a ‘funding slowdown'…
Africa and South America: March 2002
31/03/2002. Zephyr to manage Africa fund and Citigroup's Brazil fund faces liquidation…
Trends: March 2002
31/03/2002. A total of $7bn wiped off the world's largest banks' private equity portfolios, diversification key to mitigating private equity risk, US first-time fundings fall below 1996 levels…
North America: March 2002
31/03/2002. Yale to cut private equity allocation, accounting rules to jeopardise VC and wider economy, Kleiner Perkins slashes latest fund…
Funds: March 2002
31/03/2002. Final closing for Close Brothers, new fund of funds for Capvent, first ever Turkish venture fund closes, new fund of funds for Standard Life, Accenture abandons venture capital operations, Kleiner Perkins reduces size of Fund X by 25 per cent.
UK and Ireland: March 2002
31/03/2002. 3i confirms slowdown in activity in 2001, Close Brothers Private Equity closes UK mid-market fund, Bridgepoint Capital closes two UK offices, Candover upbeat about medium-term prospects...
Continental Europe and Israel: March 2002
31/03/2002. Private equity investment in France falls by 46 per cent, Israeli VC pinched by political violence, Private Equity Holding reports CHF118m write-down...
UK and Ireland: February 2002
28/02/2002. UK government grants exemption from 20-partner limit for qualifying LPs, exam concessions for VCs, life sciences fund from Irish government…
Continental Europe: February 2002
28/02/2002. French technology companies to get government help, hope in German private equity market, Enron Principal Investment Europe up for sale, ABN AMRO Mezzanine to close…
Funds: February 2002
28/02/2002. Final closing for LGT Capital Partners at E192m, new E300m fund for Allianz, new $750m fund for Landmark, Draper Fisher Jurvetson plans $500m fund of funds, Jafco Ventures hits fund-raising trail...
People: February 2002
28/02/2002. Mike Grabiner joins Apax Partners, former New York mayor Rudy Giuliani launches his private equity career, and Tim Wilson moves to Partech International as general partner.
Asia and Africa: February 2002
28/02/2002. Wesley Clover targets India, South Korea experiences VC dip and Taiwan sets up a leveraged buy-out fund.
Central/Eastern Europe: February 2002
28/02/2002. Innova Capital completes initial closing and Dresdner Kleinwort Capital sets up MBO club in Hungary...
Trends: February 2002
28/02/2002. US figures down but not entirely out, corporate venturers beat retreat, VCs apply ‘power triage' techniques, secondaries set for explosive growth…
North America: February 2002
28/02/2002. Forstmann Little slapped with Connecticut law suit, ComVentures cuts management fee, Memphis ups alts investment, Jay Jordan to set up fund, managers expect public markets to rebound…
Continental Europe and Israel: January 2002
31/01/2002. European VC tech investments drop, more fund losses announced, Allianz moves into mezzanine, new venture capital fund from the French government…
Funds: January 2002
31/01/2002. Latest Walden fund misses target, first closing for HSBC Europe fund, ProVen raises $64m after two-year effort, Hicks Muse closes fund way off target, Advent secures $2bn for global fund
UK and Ireland: January 2002
31/01/2002. VCTs outperform FTSE All-Share Index, Coller Capital buys Lucent Technologies corporate venturing portfolio, UK entrepreneurs more experienced and mature…
North America: January 2002
31/01/2002. Mohr Davidow slashes fund size, Philadelphia ups private equity allocation, Canadian reforms to encourage VC investment, US venture-backed IPOs stage small recovery…
Asia: January 2002
31/01/2002. Dresdner Kleinwort Capital launches its first fund in India, China to open doors to foreign investment, Hamilton Venture receives $90m boost...
People: January 2002
31/01/2002. Dr Peter Barrett joins Atlas Venture, AMJPE recruits Andy Lees from Ernst & Young, and William Hague becomes political adviser to Terra Firma…
Trends: January 2002
31/01/2002. US fund-raising takes a tumble, European LBOs outstrip US, private equity professionals brush up their CVs, German institutions get keen on private equity…
Eastern & Central Europe: January 2002
31/01/2002. The Polish government is set to promote private equity and Baring Vostok closes its latest fund.
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