Author Archives: Dan Primack
  • 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

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    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
  • eBay gets 'even' with Carl Icahn

    eBay stock now trading lower than when Carl Icahn first disclosed stake.

    FORTUNE -- Carl Icahn today ended his three-month old feud with eBay Inc. (EBAY), agreeing to withdraw his nominations for two board seats and his insistence that the company sell a minority stake in its PayPal unit back to shareholders (as you may recall, he originally wanted PayPal to be spun out into a separate company).

    In exchange, Icahn and MORE

    - Apr 10, 2014 12:11 PM ET
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  • Deals of the day: Zendesk files for IPO

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    Venture Capital Deals

    NuCana Biomed, a British developer of oncology therapeutics, has raised $57 million in Series B funding. Sofinnova Ventures led the round, and was joined by existing backers Sofinnova Partners, Morningside Ventures, Alida Capital and the Scottish Investment Bank. www.nucanabiomed.comTendyne Holdings Inc., a Roseville, Minn.-based developer of technologies for transcatheter mitral valve replacement, has raised $25 million in Series MORE

    - Apr 10, 2014 10:58 AM ET
  • Pearl Jam's Dropbox hypocrisy

    Dropbox makes major announcement, and a little part of me just died.

    FORTUNE -- In 2006, Pearl Jam released a song called World Wide Suicide as the first single from its latest album. It was a personalized tale of rage over the Iraq War, and the U.S. government and media's lack of care for those had been killed in battle. Other songs on the album sounded a similar sentiment, and the band would MORE

    - Apr 9, 2014 3:06 PM ET
  • Ex-Urban Outfitters CEO talks about his new private equity plans

    Glen Senk has more than $350 million to invest into growing consumer and retail companies.

    FORTUNE -- Two months after stepping down as CEO of luxury jeweler David Yurman, Glen Senk is back with a new effort to invest in growing retail and consumer companies. It's called Front Row Partners, and is backed by $350 million from private equity firm Berkshire Partners.

    Senk is a longtime retail and consumer veteran. Prior to MORE

    - Apr 9, 2014 12:57 PM ET
  • Deals of the day: La Quinta prices low IPO

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    Venture Capital Deals

    Quora, the online Q&A platform launched five years ago by a pair of former Facebook execs, has raised $80 million in Series C funding. The Mountain View, Calif.-based company isn't disclosing the round's valuation, but a source familiar with the situation pegs it at around $900 million. Tiger Global led the deal, and was joined by MORE

    - Apr 9, 2014 10:23 AM ET
  • Quora raises $80 million at a near-unicorn valuation

    Tiger Global leads investment in Q&A site Quora at around a $900 million valuation.

    FORTUNE -- Quora, the online Q&A platform launched five years ago by a pair of former Facebook (FB) execs, today announced that it has raised $80 million in its third round of venture capital funding. The Mountain View, Calif.-based company isn't disclosing the round's valuation, but a source familiar with the situation pegs it at around MORE

    - Apr 9, 2014 9:00 AM 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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