FORTUNE -- Boston-based private equity firm Spectrum Equity Investors is heading back to market to raise its seventh fund, Fortune has learned. The target is $800 million with a $1 billion hard cap, although formal marketing documents have not yet been printed.
The firm focuses on "information economy" companies, including within the software, information services, communications and media sectors.
Spectrum last closed a fund in 2010, when it raised $680 million. Since then, the firm has generated around $3 billion in returns (including from prior funds), via such deals as Ancestry.com (IPO, then sold to Permira for $1.6 billion), Business Monitor International (acquired by Fitch Group) and Passport Health (bought by Experian PLC for $850 million). Plus, there was the recent IPO for GrubHub (GRUB), in which Spectrum sold $26 million worth of stock and retained a position that is currently valued at around $1.26 billion.
News of the Spectrum fundraise was first reported by Dow Jones. The firm declined comment, citing SEC marketing restrictions.
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Collateralized loan obligations are not inherently bad investments. But demand for yield has led to a reduction in the quality of loans behind them, and the result may be rather ugly.
By Cyrus Sanati
FORTUNE – Last week I wrote a piece for Fortune.com titled "Collateralized loan obligations: Our next financial nightmare," which was met with a wave of criticism from certain parts of the banking industry. Of all the shattered vehicles MOREApr 18, 2014 5:44 PM ET
You may not save a huge amount on interest, but you'll free up cash in your budget every month.
By Jean Chatzky
FORTUNE -- Let's say you have an extra few thousand dollars -- maybe from a tax refund, a bonus, or some other quick windfall. How can you best put it to use?
There are a lot of options, and high-interest rate debt goes on top of the pile. But MOREApr 18, 2014 1:40 PM ET
Energy-focused venture capitalist joins Franklin Square Capital.
FORTUNE -- Tucker Twitmyer has left energy-focused venture capital firm EnerTech Capital Partners after a 10-year run, Fortune has learned. His next stop will be as a senior vice president with alternative investment management firm Franklin Square Capital Partners.
Twitmyer was one of four partners listed on EnerTech's fourth fund, which closed last September with $120 million in capital commitments. He also was one of the few MOREDan Primack - Apr 18, 2014 12:53 PM ET
Venture capitalists invested $9.5 billion last quarter, the highest total since the dotcom doom's waning days.
FORTUNE -- No, it isn't your imagination: Venture capitalists are investing money at a faster clip than in any time since the final days of the dotcom boom.
VCs pumped $9.5 billion into 951 U.S.-based companies last quarter, which was the most money invested in any quarter since Q2 2001, according to MoneyTree survey data published MOREDan Primack - Apr 18, 2014 12:28 PM ET
According to Gallup, Americans think real estate is the best long-term investment. Unfortunately, they're wrong.
FORTUNE -- As the real estate market recovers, so does America's faith in housing as an investment.
According to a Gallup poll released Thursday, a plurality of Americans now think of real estate as the "best" long-term investment, followed by gold, stocks and mutual funds, savings accounts/CDs, and bonds:
If one assumes "best" to mean the investment that MOREChristopher Matthews - Apr 18, 2014 11:59 AM ET
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Beckon, a San Mateo, Calif.-based provider of enterprise SaaS for tracking and analyzing marketing spend, has raised $8 million in Series A funding from August Capital and Canaan Partners.www.beckon.com Provista Diagnostics Inc., a Scottsdale, Ariz.-based maker of diagnostic and predictive tests for cancers affecting women, has raised $6 million in Series B funding. No investor information was disclosed. www.provistadx.comInstacart, a MOREDan Primack - Apr 18, 2014 9:55 AM ET
Lending was up in the first quarter, but that jump has hidden the fact that individuals are still having a tough time getting loans.
FORTUNE -- Consumers are still getting crunched.
In the past week, the nation's biggest banks reported their results for the first three months of the year. Earnings were disappointing. But the numbers also showed a significant increase in lending, which many economists said was a welcome sign for the MOREStephen Gandel, senior editor - Apr 18, 2014 5:00 AM ET
New Jersey investment boss Bob Grady gets attacked for no good reason.
FORTUNE -- David Sirota of PandoDaily yesterday accused New Jersey State Investment Council chairman Bob Grady of corruption. Sirota didn't use that specific term, but that's the only conclusion one could reach after reading his 1,645 words worth of misdirection, misunderstanding and innuendo. Someone needs to set the record straight, and I don't have any better afternoon plans.
Here's the background: New MOREDan Primack - Apr 17, 2014 2:30 PM ET
Thomas Piketty's Capital in the Twenty-First Century has taken the economics world by storm with its revival of the Marxian idea that capitalism will destroy itself, if we don't act.
FORTUNE -- Life's pretty good these days for French economist Thomas Piketty, who spent Wednesday evening having his book, Capital in the Twenty-First Century, lavishly praised by two of the world's most famous economists -- Paul Krugman and Joseph Stiglitz -- who just happen MOREChristopher Matthews - Apr 17, 2014 2:24 PM ET
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