CIOs Talk Early-Stage Venture, Investment Models And More | Distinguished CIO Panel, Part 3
In part three of the "Distinguished CIO" panel at Trusted Insight' 2018 Machine Learning Summit, chief investment officers answered questions from the audience. They discussed early-stage venture and its high return profile; the rise of new investment models like incubators, platforms and studios; and why geopolitical factors keep them up at night.
Venture Capital Growth: Michigan Hits Record With Latest Round Of Fundraising
No wonder, then, that there was a sense of optimism and excitement about the state of venture capital in Michigan at the recent Michigan Growth Capital Symposium, which drew 35 companies from around the Midwest to Ypsilanti to pitch for equity capital. The symposium attracted a record attendance of 530, which included angel investors, venture capitalists and service providers from around the state.
NewSpring Capital’s Fourth Growth Fund Raises $280M
NewSpring Capital, a family of private equity funds providing growth and expansion capital, today announced the final close of NewSpring Growth Capital IV, L.P. The Fund successfully raised $280 million, making it the largest growth fund to date and bringing NewSpring’s total assets under management to $1.7 billion.
NewSpring Capital's Fourth Growth Fund Raises $280M
NewSpring Capital said May 11 that its latest growth fund closed at $280 million. Investors of NewSpring Growth Capital IV LP include family offices, insurance companies, public pension plans, fund of funds, financial institutions, and university endowments. The fund will invest in growth-stage businesses in the information technology, enabling technology, and business services sectors, with an emphasis on the Mid-Atlantic region. NewSpring also said that Prashanth (PV) Boccasam joined the firm as an operating partner dedicated to the growth strategy.
Welsh, Carson, Anderson & Stowe Leads New Investment In Revel Systems
Welsh, Carson, Anderson & Stowe, one of the leading private equity firms in the United States focusing on the Technology and Healthcare industries, and Revel Systems (“Revel” or the “Company”), a leading provider of cloud-based point of sale (“POS”) solutions, today announced that WCAS has led a significant new growth capital investment in Revel. WCAS made its initial investment in Revel in 2014, and following the transaction, WCAS will be Revel’s new majority shareholder.
Chinese VC Legend Capital Raises $243M For 7th Fund
<p>According to an SEC filing, the venture and growth capital arm of China’s Legend Holdings Corporation aims to raise $374 million for its latest fund. It is still in the process of raising the remaining $132 million. It began fund raising about a year ago.</p>
Muthoot Microfin Raises $20M From American PE Creation Investments
<p>Muthoot Microfin Ltd, subsidiary of diversified financial services company Muthoot Pappachan Group, has raised Rs 130 crore (around $20 million) of growth capital from Creation Investments Llc.</p>
<p>The US-based PE firm picked up 11 per cent stake in Muthoot Microfin in lieu of its investment, valuing the company at over Rs 1,111 crore.</p>
Coulter Foundation Joins Michigan Growth Capital Symposium
<p>Thanks to participation from the Miami-based Coulter Foundation, organizers for the 36th annual Michigan Growth Capital Symposium say May's event will be the biggest and best ever.</p>
<p>Forty Midwest companies will make pitches for funding at the event, which will draw about 600 investors and service providers to the Marriott Eagle Crest resort in Ypsilanti May 16-17.</p>
<p>New this year will be the simultaneous Coulter Investment Forum, which will also showcase 30 emerging life science companies from the 16 universities nationally that participate in Coulter Foundation research partnerships.</p>
Providence Wraps Up Second Growth Fund At $640M
<p>Providence Strategic Growth Capital Partners LLC, an affiliate of Providence Equity Partners LLC, <a href="http://www.businesswire.com/news/home/20161212005331/en/Providence-Strategic-Growth-Closes-Fund-II-640">has closed its</a> oversubscribed second fund at a hard cap of $640 million.</p>
<p>PSG focuses on lower mid-market software and technology-enabled service companies mostly in North America.</p>
<p>The limited partners of PSG Fund II include corporate pensions, family offices and high-net worth individuals.</p>
How The Mighty Have Fallen: Unassuming Pitfalls Of Late Stage VC
Investors aren’t stupid or lazy, but even thoroughly vetted startups can fail. Most startups fail, and the money backing them is lost. Only a third of companies that receive seed funding make it to a Series A .