Author Archives: Dan Primack
  • Exclusive: MHS Capital almost done raising new fund

    Early-stage VC firm closes in on $75 million.

    FORTUNE -- Early-stage venture capital firm MHS Capital is nearing a $75 million final close on its second fund, Fortune has learned.

    The San Francisco-based firm is led by Mark Sugarman, a longtime angel investor who previously held roles at Nutrisystem, VerticalNet and Internet Capital Group. It raised around $34 million for its first institutional fund, which had a gross asset value of nearly $128 million through MORE

    - Apr 16, 2014 2:00 PM ET
  • Sorry Milwaukee Bucks fans: Private equity owners aren't much help

    The Milwaukee Bucks are getting new owners, but history isn't on their side.

    FORTUNE -- This has been a trying season for fans of the Milwaukee Bucks, which tonight will close out a season in which it lost more than four times as many games as it won.  Now things are getting even worse, with news that the team will be sold to a pair of private equity professionals: Wes Edens of Fortress Investment MORE

    - Apr 16, 2014 1:35 PM ET
  • Deals of the day: Private equity circles Symantec

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    Venture Capital Deals

    PanOptica, a Bernardsville, N.J.-based developer of ophthalmology therapies for conditions like neovascular age-related macular degeneration, has raised $45 million in Series B funding. Novo Ventures and existing backer Third Rock Ventures co-led the round, and were joined by founding investor SV Life Sciences. www.panopticapharma.com

    Squarespace, a New York-based website publishing and e-commerce platform for businesses, has raised $40 million in Series MORE

    - Apr 16, 2014 10:57 AM ET
  • Deals of the day: Motorola selling enterprise biz

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    Venture Capital Deals

    SilverRail, a Woburn, Mass.-based developer of passenger rail search and distribution technologies, has raised $40 million in Series C funding. Mithril Capital Management led the round, and was joined by return backers Canaan Partners, Sutter Hill Ventures and Brook Ventures. www.silverrailtech.com Avvo, a Seattle-based online marketplace for legal advice, has raised $37.5 million in Series D funding.Coatue Management led the MORE

    - Apr 15, 2014 1:45 PM ET
  • Forbes fumbles Obama record on merger politicization

    One blocked merger does not make a pattern, even if you pretend it does.

    FORTUNE -- Did you know that Obama's Justice Department selectively blocks mergers by Republican CEOs? No? Well then, you must not be reading Forbes.

    Look, I'm all for driving page-views. It's how folks in my profession get paid (either directly or indirectly). But is it too much to ask for a tiny bit of fact-checking before a national MORE

    - Apr 15, 2014 9:41 AM ET
    Posted in:
  • Tiger Global raises $1.5 billion

    Chase Coleman's firm raises eighth fund for private tech companies.

    FORTUNE -- Tiger Global has raised $1.5 billion for its eighth fund focused on high-growth technology startups, according to a regulatory filing.

    This is basically the same amount of money that Tiger Global raised for its seventh fund back in 2012, which invested in such companies as Automattic, One Kings Lane, Warby Parker, Eventbrite, Flipkart, Redfin and Glassdoor. One big difference, however, is MORE

    - Apr 14, 2014 3:53 PM ET
  • Exclusive: Kleiner Perkins raising $1.2 billion for new funds

    Kleiner Perkins raising new early-stage and digital growth funds.

    FORTUNE -- Kleiner Perkins Caufield & Byers last week unveiled its new fundraising plans, at a meeting of the venture capital firm's limited partners. 

    Fortune has learned that KPCB plans to target $450 million for its sixteenth early-stage fund, compared to the $525 million it raised two years ago. The firm also plans to raise $750 million for its second "digital growth" fund, compared MORE

    - Apr 14, 2014 12:33 PM ET
  • Madison Dearborn's patience pays off on Nuveen Investments

    In private equity, 'break-even' sometimes can be a win.

    FORTUNE -- Sometimes the best private equity strategy is to wait it out.

    Several years ago, Madison Dearborn Partners was really sweating its June 2007 decision to lead a $6.4 billion acquisition of Chicago-based mutual fund manager Nuveen Investments. The deal had been done at a 20% premium to where Nuveen was trading, even though the stock markets were at record highs. Soon MORE

    - Apr 14, 2014 12:22 PM ET
  • Deals of the day: TIAA-CREF buying Nuveen

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    Venture Capital Deals

    Julep Beauty, a Seattle-based beauty brand and ecommerce company, has raised $30 million in Series C funding. Azure Capital, Altimeter Capital and Madrona Venture Group were joined by return backers Andreessen Horowitz and Maveron. The company previously raised $26 million. www.julep.com

    NatureBox, a San Carlos, Calif.-based subscription box service focused on healthy snack food, has raised $18 MORE

    - Apr 14, 2014 11:18 AM ET
  • Goldman Sachs to invest in AvePoint

    Goldman Sachs to acquire stake in maker of big data management and compliance software.

    FORTUNE -- Goldman Sachs (GS) has agreed to acquire a minority equity stake in AvePoint, a New Jersey-based provider of big data management, governance and compliance software for social collaboration platforms like Microsoft Sharepoint. We have not yet learned any financial terms of the deal, which was first disclosed in a Federal Trade Commission document.

    Current AvePoint shareholders include private equity firm Summit MORE

    - Apr 10, 2014 2:35 PM ET
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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