DOCSLIB.ORG

2013 Venture Capital in Spain

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ENGLISH EDITION 2013 Venture Capital in Spain SPONSORED BY Collaborate - - WEBCAPITALRIESGO Copyright © 2014, Webcaprisk Servicios, S.L. Total or partial reproduction of this document is strictly forbidden, as is its manipulation with software or transmission in any form via any medium, be it electronic, through photo- copying or other means without the previous permission of the Copyright holder. Access to Venture Capital Report is free at www.webcapitalriesgo.com; this may not be ma- de available to the public through any other means, electronic or written, without the written permission of the rights holder. Any infringiment of the above rights will be liable to claims presented before the Madrid Courts (Spain). 2013 Venture Capital in Spain. April 2014. Release 1.0 Webcaprisk Servicios S.L. is the owner of www.webcapitalriesgo.com - 2 - WEBCAPITALRIESGO INTRODUCTION Venture Capital (VC) activity in Spain did not deserve big headlines in 2013. The invest- ment activity showed a similar level to that of previous years, with no exceptional transac- tions or IPOs (one more year). And no mega fund raised. Nevertheless, several issues should be highlighted, such as the all-time-high number of initial investments, the entry of more international investors than ever, or the continuous support from CDTI and Enisa. But, what is missing in the VC scene in Spain (investors and startups) to get to the next level? Surely more time and a firm commitment from all agents involved is required. Time for investors to continue maturing and specializing in this exciting wave of interest in the riskiest stages of development, which are also the ones that generate greater wealth and employment. On the side of entrepreneurs and startup firms, a more ambitious and comprehensive ap- proach from the beginning of the project is still missing in most cases. In this regard, the existence of successful exited transactions in the international scene would be positive. It has already been a while since the success cases of Tuenti or Buyvip. A firm commitment should come from the Government through a more favorable regula- tion (and tax incentives) for the creation and funding of startups by business angels and crowdfunding platforms. The Entrepreneurs Support Act passed in 2012 did not go as far as most agents expected and the regulation of crowdfunding could follow the same path shortly. A solution to complement the private funding between individuals would be the proposal presented by José Martí Pellón, professor at the Complutense University of Madrid, about two decades ago. The proposal suggests the possibility of including a tax reduction of mi- nority investments in SMEs, at the marginal tax rate, in the Personal In-come Tax. This proposal would not have any cost to the Public Administration, because any individual could choose between the current, unique alternative (commit money to a private pension plan) or to SMEs, directly, as proposed. The Entrepreneurs Support Act of 2012 opened this possibility, but only with a flat tax reduction (20 per cent) of the amount invested to invest directly in SMEs. This proposal would allow a massive injection of small amounts of money into many dispersed SMEs. In parallel, this proposal would mean a greater com- petition for pension plans managers, heavily criticized for the historical returns obtained. - 3 - WEBCAPITALRIESGO INTRODUCTION In short, at least a decade is needed to achieve a greater knowledge and training of VC/PE activity, which barely accounts for 0.25% of domestic GDP. With a strong com- mitment, the deadlines would be significantly reduced, and the distance that separates us from the most advanced regions such as Silicon Valley or Israel would also be reduced. The 2013 Venture Capital in Spain includes an Executive summary with aggregate statis- tics1 and index with links to 197 deals2 related to Investments, Divestments, Fundraising and portfolio, and a list of active investors and with portfolio. Webcapitalriesgo.com whishes to express its gratitude to Digital Assets Deployment (DaD), Adara Venture Partners, Repsol New Energy Ventures and ESADE BAN for their financial support in the development of the 2013 Venture Capital in Spain report, as well as Bridgepoint, sponsor of the website. Marcos Salas de la Hera Partner at Webcapitalriesgo.com 1 Data provided by more than 200 investors was obtained by Webcaptialriesgo.com, in conjunction with the Spanish VC/PE Association (ASCRI), to build the official statistics of the VC/PE industry. VC activity was extracted from this information. 2 The data is collected from press releases sent by investors and from news published in the media. - 4 - WEBCAPITALRIESGO INDEX PAGE LIST OF DOMESTIC PRIVATE-PUBLIC AND 6o VC investors and 28 BA, Accelerators/Incubators and 6 INVERNATIONAL VC Other, conducted at least one initial investment in 2013 INVESTORS IN 2013 EXECUTIVE SUMMARY 2013 VC Statistics 9 197 News related to Investment, Divestment and DEALS’ NEWS 20 Fundraising in 2013 - 5 - WEBCAPITALRIESGO LIST OF DOMESTIC PRIVATE-PUBLIC AND INTERNATIONAL VC INVESTORS IN 2013 Investors having conducted at least one initial investment in 2013 DOMESTIC VC PRIVATE INVESTORS DOMESTIC VC PUBLIC INVESTORS INTERNATIONAL VC INVESTORS 1. Activa Ventures, SGECR, SA 1. Seed Capital de Bizkaia, S.A. 2. ACP Active Capital Partners, SL 2. Gestión de Capital Riesgo del País Vasco, SGECR, 1. Avalon Ventures 3. Addquity Growth Capital, S.A. S.A. 2. Bertelsmann 4. Ambar Capital y Expansión 3. Inversión y Gestión de Capital Riesgo de Andalucía, 3. Boehringer Ingelheim VF 5. Axón Capital e Inversiones SGECR, S.A. S.A. - Invercaria 4. Correlation Ventures 6. Business Booster (Sinensis Seed Capital SCR) 4. Extremadura Avante 5. Costanoa Venture Capital 7. BBVA Ventures 5. Sociedad de Desarrollo de Navarra, S.A. (SODENA) 6. Data Collective 8. Cabiedes & Partners SCR, régimen simplificado 6. Sociedad para el Desarrollo Industrial de Aragón, S.A. 7. Elaia Partners 9. Caixa Capital Risc SGECR, SA (SODIAR) 8. GGM Venture Capital 10. Clave Mayor SGECR, S.A. 7. InverCLM (SODICAMAN) 9. GGV Capital 11. CRB Inberbío SGECR 8. Sociedad Regional Promoción del Principado de 10. Greylock Partners 12. Finaves, S.C.R. de Regimen Comun, S.A. Asturias, S.A. (SRP) 11. Horizon Ventures 13. FIT Inversión en Talento SCR Régimen Simplificado 9. Start Up Capital Navarra 12. Idinvest Partners 14. Grupo Perseo (Iberdrola) 10. XesGALICIA, SGECR, S.A. 13. Intel Capital 15. Bankinter Capital Riesgo, SGECR (Intergestora) 14. Javelin Venture Partners 16. Inveready 15. Kurma Life Science Partners 17. Kibo Ventures 16. Oxford Capital 18. Murcia Emprende Sociedad de Capital Riesgo, S.A. 17. QED Investors 19. Nauta Capital VC Partners SGECR, S.A. 18. Top Tier Capital Partners, LLC 20. Next Capital Partners, SGECR, S.A 21. Ona Capital Privat SCR, de régimen simplificado S.A. 22. Torsa Capital SGECR, SA 23. Repsol New Energy Ventures S.A. 24. Ricari, Desarrollo de Inversiones Riojanas S.A. 25. Seaya Ventures 26. SI Capital R&S I SA,SCR de Régimen Simplificado 27. ADE Capital Sodical, SCR 28. Soria Futuro, S.A. 29. Talde Gestión, SGECR, S.A. 30. Telefónica Ventures 31. VitaminaK Venture Capital SCR de régimen común 32. Ysios Capital Partners SGECR, SA Investors having conducted at least one follow-on investment in 2013 DOMESTIC VC PRIVATE INVESTORS 1. ACP Active Capital Partners, SL 19. Torsa Capital SGECR, SA 5. Sociedad de Desarrollo de Navarra, 2. Adara Venture Partners 20. SI Capital R&S I SA,SCR de Régimen S.A. (SODENA) 3. Banesto SEPI Desarrollo F.C.R. Simplificado 6. InverCLM (SODICAMAN) 4. Cabiedes & Partners SCR, de régimen simplificado 21. ADE Capital Sodical, SCR 7. XesGALICIA, SGECR, S.A. 5. Caixa Capital Risc SGECR, SA 22. Soria Futuro, S.A. 6. Clave Mayor SGECR, S.A. 23. Uninvest Fondo I+D INTERNATIONAL 7. Corpfin Capital Asesores, SA, SGECR 24. Venturcap, SCR, S.A. VC INVESTORS 8. CRB Inberbío SGECR 25. VitaminaK Venture Capital SCR de régimen 9. FIT Inversión en Talento SCR Régimen Simplificado común, S.A. 1. Accel Partners 10. Highgrowth Partners SGECR SA 26. Ysios Capital Partners SGECR, SA 2. CCMP Capital Advisors 11. Grupo Perseo (Iberdrola) 3. Demeter Partners 12. Innova 31, SCR, S.A. DOMESTIC VC PUBLIC INVESTORS 4. Kleiner Perkins C&B 13. Grupo Intercom de Capital, SCR, S.A. 5. Maveron 14. Inveready 1. AXIS Participaciones Empresariales, SGECR 6. QED Investors 15. Kibo Ventures 2. Seed Capital de Bizkaia, S.A. 7. Sigma Partners 16. Murcia Emprende Sociedad de Capital Riesgo 3. Gestión de Capital Riesgo del País Vasco, 8. Spark Capital 17. Nauta Capital VC Partners SGECR, S.A. SGECR, S.A. 9. Trident Capital 18. Neotec Capital Riesgo 4. Inversión y Gestión de Capital Riesgo de Anda- lucía, S.A. - Invercaria - 6 - WEBCAPITALRIESGO List of investors with active portfolio at 31/12/2013 DOMESTIC VC PRIVATE INVESTORS INTERNATIONAL VC INVESTORS 1. Activos y Gestión Empresarial, SCR, SA 56. Neotec Capital Riesgo 2. Activa Ventures, SGECR, SA 57. Netaccede, SCR de Régimen Simplificado, S.A. 1. Accel Partners 3. ACP Active Capital Partners, SL 58. Next Capital Partners, SGECR, S.A. 2. Atomico 4. Adara Venture Partners 59. Octapris Private Equity 3. Avalon Ventures 5. Addquity Growth Capital, S.A. 60. Ona Capital Privat SCR, de régimen simplificado 4. Balderton Capital 6. Ambar Capital y Expansión 61. Torsa Capital SGECR, SA 5. Bertelsmann 7. Arico 99 SCR 62. Inversiones Progranada, S.A. 6. Boehringer Ingelheim VF 8. Atitlan Capital, SGECR, SA 63. Repsol New Energy Ventures S.A. 7. Boston Seed Capital 9. Axón Capital e Inversiones SGECR, S.A. 64. Reus Capital de Negocis, SCR,S.A. 8. CCMP Capital Advisors 10. Banesto SEPI Desarrollo F.C.R. 65. Ricari, Desarrollo de Inversiones Riojanas S.A. 9. Coral Group 11. Business Booster (Sinensis Seed Capital SCR) 66.
Recommended publications
  • Philadelphia Investment Trends Report

    Philadelphia Investment Trends Report

    Venture impact Technology investment in the Greater Philadelphia region Trends and highlights, January 2008 to June 2013 Innovation, investment and opportunity On behalf of EY, Ben Franklin Technology Partners of Southeastern Pennsylvania and the Greater Philadelphia Alliance for Capital and Technologies (PACT), we are pleased to present this review 421 companies of technology investment trends and highlights in the Greater Philadelphia region. $4.1 billion The technology investment community in the Greater Philadelphia region includes a wide variety of funding sources supporting a diverse array of companies and industry sectors. In this report, Total investment since we’ve analyzed more than a thousand investment rounds and January 2008 exits that occurred in the Philadelphia region since 2008 – including investments from venture capital fi rms (VCs), angel investors (Angels), corporate/strategic investors, seed funds, accelerators and other sources of funding. As shown in this report, 2012 reversed a post-recession slowdown in venture funding in Greater Philadelphia, and to date, 2013 has brought a welcome increase in the amount of new funds available at regional investment fi rms. These are positive signs for our region’s technology companies, as are the increasing number of exits via IPO and acquisition, which serve as further validation of the investment opportunities created by our region’s growing technology sector. We encourage you to explore this report, and we hope that it will provide useful insights into the current state of
  • Moving Toward Gender Balance in Private Equity and Venture Capital the Study

    Moving Toward Gender Balance in Private Equity and Venture Capital the Study

    Moving toward gender balance in private equity and venture capital IFC. IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. Oliver Wyman. Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across nearly 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www. oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman. RockCreek. RockCreek is a leading global investment management firm that applies data-driven technology and innovation to investing. Its portfolio managers invest in emerging markets and alternatives, and its asset allocation teams invest in multi-asset class and outsourced CIO portfolios and customized solutions. RockCreek’s client base is made up of sophisticated institutional investors, including endowments, foundations, pension plans, and sovereign funds.
  • INVESTMENT VENDORS  the Following Is a Listing of the Investment Managers, Custodians, and Consultants That Serve the Massachusetts Public Pension Systems

    INVESTMENT VENDORS  the Following Is a Listing of the Investment Managers, Custodians, and Consultants That Serve the Massachusetts Public Pension Systems

    INVESTMENT VENDORS The following is a listing of the investment managers, custodians, and consultants that serve the Massachusetts public pension systems. The listing is based on information supplied by the retirement boards. RETIREMENT BOARD INVESTMENT VENDORS ADAMS • Capital Research and Management • Granite Investment Advisors Custodian: State Street Bank & Trust AMESBURY • PRIT ANDOVER • PRIT ARLINGTON • PRIT • Wilshire Associates Inc. Custodian: State Street Bank & Trust ATTLEBORO • Boston Advisors, LLC • Herndon Capital Management, LLC • PRIT Custodian: People’s United Bank • Daruma Capital Management, LLC • Invesco Core Real Estate USA, LP • Regions Timberland Consultant: Dahab Associates Inc. • Fidelity Institutional Asset Management • Invesco National Trust Company • State Street Global Advisors • Frontier Capital Management Co., LLC • Orleans Capital Management Corp. • Wells Capital Management Inc. • Hancock Natural Resource Group, Inc. BARNSTABLE COUNTY • Intercontinental Capital Management, LLC • PRIT • UBS Realty Investors, LLC BELMONT • AEW Capital Management, LP • Loomis Sayles & Company • RhumbLine Advisers Custodian: State Street Bank & Trust • Atlanta Capital • Pacific Investment Management Company, LLC • Rothschild Asset Management Inc. Consultant: New England Pension • Harbourvest Partners, LLC • PRIT • Scout Capital Management, LLC Consultants BERKSHIRE COUNTY • PRIT BEVERLY • PRIT BLUE HILLS REGIONAL • PRIT BOSTON (CITY) • 57 Stars, LLC • EnTrust Partners, LLC • Permal Asset Management, Inc. Custodian: State
  • Facility Services INDUSTRY UPDATE | Winter 2020 Houlihan Lokey Facility Services Update

    Facility Services INDUSTRY UPDATE | Winter 2020 Houlihan Lokey Facility Services Update

    Facility Services INDUSTRY UPDATE | Winter 2020 Houlihan Lokey Facility Services Update Dear Clients and Friends, Houlihan Lokey is pleased to present its Facility Services Industry Update for winter 2020. We have included important news stories, transaction announcements, a public markets overview and industry insights to help you stay ahead in our dynamic and constantly evolving industry. We have also highlighted several recent deals in the sector that Houlihan Lokey worked on in 2019. We hope that you will find this quarterly newsletter to be informative and that it serves as a valuable resource to you in staying up-to-date on the market. If there is additional content you would find useful for future updates, please don’t hesitate to call or email us with your suggestions. We look forward to staying in touch with you. Regards, Larry DeAngelo Jon Harrison Jeff Ackerman Head of Business Managing Director Director London New York Services Atlanta [email protected] [email protected] [email protected] 44 (0) 20 7747 7564 212.497.7866 404.495.7019 Additional Facility Services Group Contacts Jordan Mendel Leon Vayntraub Brandon Bleakley [email protected] [email protected] [email protected] 646.259.7465 212.497.7899 646.259.7488 Jason Weisbaum Caroline Weakland Yash Srivastav [email protected] [email protected] [email protected] 212.497.4265 212.497.7916 212.497.7863 Industry Sectors Covered AVIATION SERVICES FOODSERVICE HVAC AND PLUMBING JANITORIAL LANDSCAPING LAUNDRY PEST CONTROL RESIDENTIAL SERVICES SECURITY 2 Select Recent Transactions Headquartered in Irving, Texas, G2 Secure Staff (G2) is leading provider of mission-critical ground handling and aviation support services to the U.S.
  • PEI Investor Relations, Marketing & Communications Forum 2019

    PEI Investor Relations, Marketing & Communications Forum 2019

    June 19-20 | Convene, 730 Third Ave | New York Attendee list A.P. Moller Capital Bain Capital C-Bridge Capital Partners FTV Capital ACME Capital Banner Real Estate Group CCMP Capital Advisors Further Capital Partners Actis Barings Centerbridge Partners GCM Grosvenor Advent International Basis Investment Group Cerberus Capital Management General Atlantic AE Industrial Partners Battery Ventures Charlesbank Capital Partners General Catalyst Partners AEA Investors BBH Capital Partners The Chauncey F. Lufkin III Gennx360 AEW Capital Management BC Partners Foundation Genstar Capital AIMA The Beach Company The City of New York, Finance Global Infrastructure Partners Alcentra Berkshire Partners Civitas Capital Grain Management Alcion Ventures Bernhard Capital Partners Coller Capital Gryphon Investors Allianz Capital Partners Bicknell Family Holding Cornell Capital GTCR Altor Equity Partners Company Court Square Capital Partners Halstatt American Securities Bison Crescent Capital Group Hamilton Lane AMP Capital BKM Capital Partners CRV Hammes Angelo Gordon Blackstone Cypress Real Estate Advisors Hammond, Kennedy, Whitney Antares Capital Blue Heron Asset Managment Denham Capital & Co Apollo Global Management Blue Water Energy Duff & Phelps Hancock Capital Management ARC Financial Corp Bridge Investment Group Dyal Capital Partners Harvard Management Company ArcLight Capital Partners BroadVail Capital Edelman HCI Equity Partners Argosy Capital Brook Venture Partners EnCap Investments HGGC Arroyo Energy Investment Brookfield Asset Management EQT Partners
  • Semi-Annual Market Review

    Semi-Annual Market Review

    Semi-Annual Market Review HEALTH IT & HEALTH INFORMATION SERVICES JULY 2019 www.hgp.com TABLE OF CONTENTS 1 Health IT Executive Summary 3 2 Health IT Market Trends 6 3 HIT M&A (Including Buyout) 9 4 Health IT Capital Raises (Non-Buyout) 14 5 Healthcare Capital Markets 15 6 Macroeconomics 19 7 Health IT Headlines 21 8 About Healthcare Growth Partners 24 9 HGP Transaction Experience 25 10 Appendix A – M&A Highlights 28 11 Appendix B – Buyout Highlights 31 12 Appendix C – Investment Highlights 34 Copyright© 2019 Healthcare Growth Partners 2 HEALTH IT EXECUTIVE SUMMARY 1 An Accumulating Backlog of Disciplined Sellers Let’s chat about fireside chats. The term first used to describe a series of evening radio addresses given by U.S. President Franklin D. Roosevelt during the Great Depression and World War II is now investment banker speak for “soft launches” of sell-side and capital raise transactions. Every company has a price, and given a market of healthy valuations, more companies are testing the waters to find out whether they can achieve that price. That process now looks a little more informal, or how you might envision a fireside chat. Price (or valuation) discovery for a company can range from a single conversation with an individual buyer to a full-blown auction with hundreds of buyers and everything in between, including a fireside chat. Given the increasing share of informal conversations, the reality is that more companies are for sale than meets the eye. While the healthy valuations publicized and press-released are encouraging more and more companies to price shop, there is a simultaneous statistical phenomenon in perceived valuations that often goes unmentioned: survivorship bias.
  • Growthink Research 2004 Annual Healthcare Venture Capital Report

    Growthink Research 2004 Annual Healthcare Venture Capital Report

    EXECUTIVE SUMMARY & SAMPLE PAGES 2004 ANNUAL REPORT Healthcare Venture Capital Report growthink RESEARCH $5.8 Billion Invested 470 Company Profiles 525 Investor Profiles www.growthinkresearch.com growthink⏐RESEARCH Executive Summary Introduction Four hundred seventy (470) privately held biotechnology, pharmaceutical, medical device and other healthcare companies raised $5.8 billion in venture capital in 2003. These companies received over 30% of the total dollars invested, up from 26% in 2002. Investments in this sector picked up considerably in the latter half of 2003 following the successful IPOs of venture-backed companies such as Acusphere, CancerVax and Myogen. With more healthcare companies slated to go public in 2004, the industry is optimistic for an extraordinary year. Total U.S. Funding by Sector – 2003 Dollars Pct. of No. of Pct. of Average Invested Total Cos. Total Deal Size Connectivity $6,817,557,000 35.8% 576 31.0% $11,836,036 Healthcare $5,813,374,000 30.5% 470 25.3% $12,368,881 Business Software & Services $3,962,150,000 20.8% 542 29.1% $7,310,240 Other $1,438,194,000 7.6% 161 8.7% $8,932,882 E-Content & Commerce $998,950,000 5.2% 111 6.0% $8,999,550 Totals: $19,030,225,000 100.0% 1860 100.0% $10,231,304 Regions Bay Area companies led the nation in raising capital, receiving 23% of the dollars invested. CoTherix (Belmont, CA) and Corgentech (South San Francisco, CA) led the region, which was home to 96 healthcare ventures that raised $1.4 billion. CoTherix, a biopharmaceutical company that develops and commercializes therapeutics for life-threatening diseases, completed a $55 million Series C round.
  • Pushing Diversity April Evans Wants More Women in Private Equity

    Pushing Diversity April Evans Wants More Women in Private Equity

    Issue 166 • November 2018 • www.privatefundsmanagement.net FINANCE • LEGAL • COMPLIANCE • OPERATIONS • TAX PUSHING DIVERSITY APRIL EVANS WANTS MORE WOMEN IN PRIVATE EQUITY CYBER-RISK MANAGEMENT SWEDEN SOUR DRIVING TECH IN PE How are you protecting The country rules carry is What you need to know about your data? taxed as income blockchain and AI Local Insight. Global Thinking. EisnerAmper provides services to leading investment advisors in the global private equity marketplace. We have a dedicated and well-established private equity funds group providing services to private equity firms and their portfolio companies. Our approach is to provide our clients with smart, analytical insights delivered with a personal touch. We build strong and lasting client relationships by creating trust through clear and open communication. Our value lies in helping clients get to where they need to be and supporting them along the way; making global local. EisnerAmperGlobal.com Learn more at EisnerAmper.com/PE and check out our global capabilities at Global and national Provide services Gives fresh local & Offer customized capabilities that: to all sizes global perspectives services & innovative approaches EisnerAmper provides a comprehensive range of services, including: Buy-side due diligence Tax structuring and consulting C Tax due diligence and structuring G LO Auditing funds and performance N S Portfolio company audit TI I S N E G V PRIVATE EQUITY N I FUND SERVICES • Business Plan Modeling • GP Structuring • Audit and Tax Services • SEC Reporting • Deal Structuring M • Tax Structuring and Compliance A X • Estate/Wealth Planning I M I Z G I N N I T G I X G E R O W T H IT structuring and efficiencies Sell-side due diligence Bolt-on acquisition consulting Tax advisory EisnerAmper Global is a company limited by guarantee incorporated in the United Kingdom under theEisnerAmper Companies Global Act 2006.
  • Section 904 2 FY 16 Boilerplate Report-Fiscal Year

    Section 904 2 FY 16 Boilerplate Report-Fiscal Year

    Michigan Public Schools Pension - MPSERS RATES OF RETURN - GROSS Periods Ending December 31, 2015 PERFORMANCE SUMMARY REPORT MKT VAL $ % of 10 Years 7 Years 5 Years 3 Years 1 Year Qtr 1 Month ITD Incept Date TOTAL PLAN TOTAL PUBLIC SCHOOL 42,576,509,651 100.0 6.60 10.07 9.16 10.02 2.79 2.02 -0.65 9.34 01-01-79 1 MPSERS TOTAL PLAN POLICY 6.41 10.77 8.86 9.26 2.24 1.74 -0.92 DOMESTIC EQUITY TOTAL DOMESTIC EQUITY 11,853,289,003 27.8 7.38 15.04 12.11 15.04 -0.49 5.37 -1.85 9.12 09-01-91 S&P COMPOSITE 1500 7.41 14.97 12.39 14.90 1.01 6.59 -1.88 TOTAL ACTIVE EQUITY 6,748,413,351 15.9 7.27 15.00 11.93 15.01 -1.77 4.39 -1.90 10.46 01-01-79 2 SP1500 7.41 14.97 12.39 14.90 1.01 6.59 -1.88 TOTAL INTERNAL ACTIVE 4,035,653,434 9.5 6.87 14.34 11.48 14.32 -2.70 3.24 -2.31 4.64 02-01-00 S&P 500 7.31 14.81 12.57 15.13 1.38 7.04 -1.58 4.42 LARGE CAP CORE 1,689,173,074 4.0 15.42 12.09 15.27 -7.31 -1.64 -3.08 6.49 08-01-07 S&P 500 14.81 12.57 15.13 1.38 7.04 -1.58 6.41 LARGE CAP GROWTH 1,235,145,135 2.9 9.16 17.48 14.36 18.66 5.99 8.51 -1.13 2.64 01-01-00 3 SP500 GROWTH BLEND 8.78 16.56 14.06 17.19 5.52 7.86 -1.52 3.24 4 ALL CAP GARP 735,823,088 1.7 8.66 15.26 -0.14 6.26 -2.16 16.50 04-01-09 S&P COMPOSITE 1500 12.39 14.90 1.01 6.59 -1.88 17.58 CONCENTRATED EQUITY FUND 284,249,262 0.7 -10.37 4.39 -2.96 0.24 05-01-13 S&P COMPOSITE 1500 1.01 6.59 -1.88 11.73 LARGE CAP VALUE 73,204,655 0.2 4.15 10.01 8.45 10.20 -7.57 3.71 -2.59 5.50 01-01-00 5 SP500 VALUE BLEND 5.69 12.96 10.96 12.83 -3.13 6.05 -1.68 4.72 ABSOLUTE RETURN INCOME FUND 0 0.0 01-01-09 60% S&P 500/40%
  • How to Catch a Unicorn

    How to Catch a Unicorn

    How to Catch a Unicorn An exploration of the universe of tech companies with high market capitalisation Author: Jean Paul Simon Editor: Marc Bogdanowicz 2016 EUR 27822 EN How to Catch a Unicorn An exploration of the universe of tech companies with high market capitalisation This publication is a Technical report by the Joint Research Centre, the European Commission’s in-house science service. It aims to provide evidence-based scientific support to the European policy-making process. The scientific output expressed does not imply a policy position of the European Commission. Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use which might be made of this publication. JRC Science Hub https://ec.europa.eu/jrc JRC100719 EUR 27822 EN ISBN 978-92-79-57601-0 (PDF) ISSN 1831-9424 (online) doi:10.2791/893975 (online) © European Union, 2016 Reproduction is authorised provided the source is acknowledged. All images © European Union 2016 How to cite: Jean Paul Simon (2016) ‘How to catch a unicorn. An exploration of the universe of tech companies with high market capitalisation’. Institute for Prospective Technological Studies. JRC Technical Report. EUR 27822 EN. doi:10.2791/893975 Table of Contents Preface .............................................................................................................. 2 Abstract ............................................................................................................. 3 Executive Summary ..........................................................................................
  • CCMP Capital Advisors, LLC (“CCMP”) Exclusively for Attendees of the Independent Petroleum Association of America Private Capital Conference

    CCMP Capital Advisors, LLC (“CCMP”) Exclusively for Attendees of the Independent Petroleum Association of America Private Capital Conference

    February 2011 Disclaimer This presentation has been prepared by CCMP Capital Advisors, LLC (“CCMP”) exclusively for attendees of the Independent Petroleum Association of America Private Capital Conference. This presentation contains confidential and proprietary information relating to CCMP and its managed funds and portfolio investments, including CCMP Capital Investors II, L.P. and its parallel regulatory vehicles and alternative vehicles (collectively, “Fund II” or “CCMP Fund II”) and J.P. Morgan Partners Global Investors, L.P. and its parallel regulatory vehicles and alternative vehicles (collectively, the “Global Fund”). All recipients agree that they will keep confidential all information contained herein and not already in the public domain. Any reproduction or distribution of this presentation, in whole or in part, or the disclosure of its contents, without the prior written consent of CCMP is prohibited. By accepting this presentation, each recipient agrees to the foregoing. The portfolio company descriptions contained herein are believed to be reliable, but CCMP and its affiliates do not warrant to their completeness or accuracy and such descriptions are not intended to be complete descriptions of such entities. All opinions, estimates and forecasts of future performance are based on information available to CCMP and its affiliates as of the date of this publication, and are subject to change. The information in this report has not been audited or reviewed by independent public accountants (unless otherwise indicated). The information contained in this presentation is not intended as an offer or solicitation for the purchase or sale of any security. On August 1, 2006, the buyout and growth equity investment team of J.P.
  • Clear Route to Phase Iib

    Clear Route to Phase Iib

    REPRINT FROM MARCH 24, 2008 BioCentury ® THE BERNSTEIN REPORT ON BIOBUSINESS Article Reprint Page 1 of 9 Ebb & Flow Focus Clear route to Phase IIb By Mike Ward investment with the potential to follow on up to a total of $30- Senior Editor $40 million per company.” Although big series A rounds have become increasingly Indeed, the average size of the 10 most recent rounds Phase4 commonplace, the recent deal for Albireo AB, expected to Ventures has participated in is a touch over $50 million. This is reach $40 million, reflects business as usual for Nomura more than two and a half times the average biotech venture Phase4 Ventures. The London firm has taken an aggres- round over the same period. sive approach to investing its parent’s money in biotech, Phase4 has participated in three series A rounds in the past characterized by large financing rounds geared to providing three years in which the syndicates committed a total of $162 a clear route to Phase IIb data, underpinned by international million to the three companies. syndication. The firm focuses primarily on investment in clinical stage Phase4’s story is one of increasing scale, with rounds companies and as a result has a portfolio that is heavily biased mounting in size from 1999 until the VC toward the U.S. Over 75% of the compa- hit its stride in 2004. Since then, the firm nies Phase4 invests in are in Phase I or has usually taken the lead in $1.3 billion “You need to bring enough II, with an average holding time of about worth of venture rounds.