DOCSLIB.ORG

Bloomberg Brief: Private Equity

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bloomberg Brief: Private Equity Wednesday July 20, 2016 www.bloombergbriefs.com FountainVest Seeks $1.75B for China Pool QUOTED BY AINSLIE CHANDLER, BLOOMBERG BRIEFS FountainVest Partners Co., the firm founded by four former Temasek Holdings "It's very clear to me that senior executives, has set a $1.75 billion target for its latest China fund, according to money is going to move out two people with knowledge of the fundraising. of Europe and into the U.S." The firm has set a $2.1 billion cap on the fund and recently held a first close on about — KKR's Henry McVey, speaking on $1.7 billion, one of the people said. Bloomberg TV on July 14 The Hong Kong, Shanghai and Beijing-based fund manager invests in sectors linked to buying habits of China's growing middle class, including health care, media and WEEK IN NUMBERS lifestyle companies, according to its website. If the cap is reached, the new fund would be more than 55 percent bigger than its 7.25% — New Hampshire predecessor, FountainVest China Growth Capital Fund II LP. Retirement System's new, lower The bigger fund comes despite a marked slow down in the Chinese economy in assumed rate of return recent years. FountainVest did not respond to requests for comment. The previous fund closed in November 2012 with $1.35 billion in commitments, 150M Euros — Amount Eiffel according to data compiled by Bloomberg. That fund had a net internal rate of return of Investment Group is trying to gather 48.5 percent and a 1.8 times multiple of invested capital at Dec. 31, according to data for renewable energy investments from investor Washington State Retirement System. That puts it in the top quartile among peer funds, according to the data compiled by Bloomberg. MEETING TO WATCH Other investors in the 2012 fund include Ontario Teachers' Pension Plan Board and Temasek Holdings Pte. Ltd. , according to the Bloomberg data. The Illinois Municipal Retirement FountainVest in August 2014 bought a stake in automotive components company Key Fund's investment committee is Safety Systems. The firm is a part-owner of Hong Kong-listed Imax China Holding Inc. expected to hear presentations from The firm, founded in 2007, is led by Chief Executive Frank Tang, who was previously the managers of three real estate a senior managing director and head of China investments at the Singapore state funds, then consider committing to investor Temasek. FountainVest managing directors Terry Hu, George Chuang and them, at its July 21 meeting. Chenning Zhao were all managing directors at Temasek, according to FountainVest's website. IN THIS ISSUE FUNDRAISING. Aldrich Capital Venture Fundraising Has Surged in 2016 Partners is trying to raise $250 million for its first fund. Stafford Capital Partners is gathering a fund for secondary infrastructure fund stakes. REGULATION. The European Union's investment regulator said some overseas alternative funds should qualify for the right to operate across the trade bloc. Q&A. H.I.G. Capital and Milan-based Idea Capital Funds have set up a vehicle to take Italian banks' non- performing loans and invest new money to help turn around the businesses. Giuseppe Mirante, managing director of H.I.G.'s Bayside distressed investing unit, explained Venture capital fundraising has rallied in 2016, with $34.8 billion of closings to July 19, the rationale for the fund and how it compared to $24.1 billion during the same period in 2015, according to data compiled by will work. Bloomberg. — Ainslie Chandler, Bloomberg Briefs FROM THE MINUTES COMPILED BY AINSLIE CHANDLER, BLOOMBERG BRIEFS July 20, 2016 Bloomberg Brief Private Equity 2 FROM THE MINUTES COMPILED BY AINSLIE CHANDLER, BLOOMBERG BRIEFS Illinois Considers Real Estate Managers; IFC Looks at Latin America Venture Capital Buenos Aires-based Nibulez SA is raising an early-stage venture capital Calpers Executes on Real Estate Fund Sales fund and an accelerator fund, according California Public Employees Retirement System has sold its stake in LaSalle to a document from a potential investor. French Fund II LP to Blackstone Group's Strategic Partners Real Estate Special World Bank Group's International Opportunities I LP, according to a July 7 regulatory filing in the U.K. Finance Corp. is considering investing Calpers announced in December it had sold $3 billion worth of interests in 43 up to $3 million in the accelerator, Certo different funds to Strategic Partners but did not disclose which funds. The sales are SA (trading as NXTP Labs), which has a part of Calpers' plan to cull the number of managers in its portfolio from 200 to about $38.5 million target, according to an IFC 100 by 2020, the pension said at the time. document. IFC is also considering Since November, it has also sold to Strategic Partners its stake in LaSalle Asia committing $17 million to NXTP Fund 2 Opportunity Fund II LP, Niam Nordic Fund IV LP, European Property Investors LP LP, which has a $120 million target, and and Harbert European Real Estate Fund II LP, according to separate regulatory $10 million in a related co-investment filings. The Strategic Partners secondary fund held a first close on about $614.7 vehicle. The lab will aim to support 300 million in October 2015, according to a regulatory filing in the U.S. high-growth technology startups across Click here for the U.K. filings and here for the U.S. filing Latin America and the fund will make — Ainslie Chandler, Bloomberg Briefs venture investments in high-growth technology companies in the same Nebraska Investment Council was Municipal Employees' Retirement region, according to the IFC document. due to discuss an asset liability study System of Michigan's board is due to >Click here for report. from adviser Aon Hewitt at its July 19 discuss its asset allocation and its 2017- and 20 education retreat, according to 20 strategic plan at its July 20 meeting, the agenda. The council is also due to according to the agenda. International Finance Corp. is also discuss a review of its investment considering a $1 million investment in > Click here for agenda consultant and legal counsel and to hear Capria Accelerator Fund, a venture presentations on fixed income investing capital fund formed to invest in early- City of Fresno Retirement Systems in the current economy. stage local fund managers in Sub- retained Oaktree Capital Management Saharan Africa, South and Southeast > Click here for agenda. and PCCP LLC as their value add and Asia and Latin America. Capria Ventures opportunistic real estate managers, LLC is trying to gather $5 million for the At its board planning session on July according to minutes from the pension's fund. 19, Washington State Investment June 28 meeting. The pension adopted a > Click here for report Board was slated to receive education 1.2 percent or $30 million allocation to on evaluating private equity funds with the asset class. different track records and fee structures, The Fresno pension also agreed to San Diego County Employees private equity incentives and partnership terminate its investment in the PIMCO Retirement Association has chosen dynamics and what happens when an Unconstrained Bond Fund and eventually Aon Hewitt Investment Consulting as its investment doesn't go as planned. The redirect the money to the manager's general consultant, according to a report board was also due to discuss its real Pimco Corporate Opportunities Fund II to the pension's board from chief estate, private equity and tangible assets and Pimco Bravo Fund III LP, according investment officer Stephen Sexauer, plans. to the minutes. taking over from BNY Mellon and Verus. > Click here for agenda. > Click here for the minutes. > Click here for letter New Hampshire Retirement System Illinois Municipal Retirement Fund's Louisiana State Employees' has cut its assumed rate of return from investment committee is expected to Retirement System's investment 7.75 percent to 7.25 percent, according hear presentations from the managers of committee is expected to receive to minutes from its June 14 meeting. The CBRE Strategic Partners U.S. Value 8 education regarding emerging markets pension had $7.3 billion in funds held in LP, AEW Partners VIII LP and Long private equity at its July 21 meeting and trust at April 30, up 1 percent for the Wharf Real Estate Partners V LP at its to discuss emerging markets mandate month but down 2 percent for the fiscal July 21 meeting, then approve search books, according to the meeting year to that date. allocations to those funds, according to agenda. > Click here for report. the meeting agenda. The committee is > Click here for agenda. also due to receive its annual private equity performance presentation for 2015. > Click here for the agenda FUNDRAISING July 20, 2016 Bloomberg Brief Private Equity 3 FUNDRAISING Stafford Aims for $275M for Infrastructure Fund Stakes Eiffel Eyes 150M Euros Stafford Capital Partners is trying to gather as much as 250 million euros ($275 For Renewables million) for a fund to buy secondhand stakes in existing infrastructure funds, according to a person with knowledge of the fundraising. Eiffel Investment Group is trying The firm started fundraising in March or April and has held a first close on 94.5 million to raise 150 million euros ($166 euros for Stafford Infrastructure Secondaries Fund II LP, the person said. million) for a fund to invest in small Since that first close, the firm has invested 20 million euros in a portfolio of more than renewable energy and energy 90 assets, according to an update on Stafford's website. A separate co-investment efficiency projects, according to vehicle, Stafford Infrastructure Co-Investment I, helped with the purchase, according to documents from the European the website.
Load more

Recommended publications
  • Annual Report
    COUNCIL ON FOREIGN RELATIONS ANNUAL REPORT July 1,1996-June 30,1997 Main Office Washington Office The Harold Pratt House 1779 Massachusetts Avenue, N.W. 58 East 68th Street, New York, NY 10021 Washington, DC 20036 Tel. (212) 434-9400; Fax (212) 861-1789 Tel. (202) 518-3400; Fax (202) 986-2984 Website www. foreignrela tions. org e-mail publicaffairs@email. cfr. org OFFICERS AND DIRECTORS, 1997-98 Officers Directors Charlayne Hunter-Gault Peter G. Peterson Term Expiring 1998 Frank Savage* Chairman of the Board Peggy Dulany Laura D'Andrea Tyson Maurice R. Greenberg Robert F Erburu Leslie H. Gelb Vice Chairman Karen Elliott House ex officio Leslie H. Gelb Joshua Lederberg President Vincent A. Mai Honorary Officers Michael P Peters Garrick Utley and Directors Emeriti Senior Vice President Term Expiring 1999 Douglas Dillon and Chief Operating Officer Carla A. Hills Caryl R Haskins Alton Frye Robert D. Hormats Grayson Kirk Senior Vice President William J. McDonough Charles McC. Mathias, Jr. Paula J. Dobriansky Theodore C. Sorensen James A. Perkins Vice President, Washington Program George Soros David Rockefeller Gary C. Hufbauer Paul A. Volcker Honorary Chairman Vice President, Director of Studies Robert A. Scalapino Term Expiring 2000 David Kellogg Cyrus R. Vance Jessica R Einhorn Vice President, Communications Glenn E. Watts and Corporate Affairs Louis V Gerstner, Jr. Abraham F. Lowenthal Hanna Holborn Gray Vice President and Maurice R. Greenberg Deputy National Director George J. Mitchell Janice L. Murray Warren B. Rudman Vice President and Treasurer Term Expiring 2001 Karen M. Sughrue Lee Cullum Vice President, Programs Mario L. Baeza and Media Projects Thomas R.
    [Show full text]
  • Looking Somewhere in the Middle
    OUR FIRM LMM GROUP CLIENTS TRANSACTIONS NEWS & INTEL CONTACT IN THIS SECTION LOOKING SOMEWHERE IN THE Executive Perspective IT Index MIDDLE News Room Quarterly Earnings March 10, 2006 Scoreboard Spotlight by: Kelly Holman Tracker VDI Accel-KKR LLC didn't set out to specialize in middle-market private equity buyouts in the high-tech sector. Its founders, an Subscribe unusual combination of dealmakers, were focused in 2000 on the bright prospects of the Internet, just as many other investors and entrepreneurs were. But that vista quickly turned as dark as night when the dot-com bubble burst, and Accel-KKR suddenly needed to make a rapid course correction. It did. Today the Menlo Park, Calif.-based firm has made a name for itself acquiring small but fast-growing technology companies. Even as top-tier buyout groups lick their chops over the possibility of doing deals involving big software corporations, Accel- KKR keeps its attention on midmarket and small tech outfits with $15 million to $150 million in annual revenue: software developers, hardware makers, Internet firm and information technology services businesses. To be sure, it's hardly the only middle-market private equity group interested in technology businesses - a number of buyout groups, large and small, have made technology their core investment focus. But Accel-KKR's board and the background it represents set it apart. Members include financial engineering icons Henry Kravis and George Roberts of Kohlberg Kravis & Roberts & Co.; KKR partner Marc Lipschultz; veteran venture capitalist and Accel managing partner Jim Breyer; and former Wells Fargo & Co. chief executive Paul Hazen.
    [Show full text]
  • Jim Breyer of Accel Partners Elected Chairman of National Venture Capital Association
    Page 1 1 of 1 DOCUMENT PR Newswire May 13, 2004 Thursday Jim Breyer of Accel Partners Elected Chairman Of National Venture Capital Association SECTION: FINANCIAL NEWS LENGTH: 694 words New Board Directors Also Named During Association's Annual Meeting SAN FRANCISCO, May 13 /PRNewswire/ -- The National Venture Capital Association's (NVCA) Board of Directors today unanimously elected James W. Breyer to serve as its Chairman for the coming year. The election took place at the Association's 2004 Annual Meeting in San Francisco, CA. Mr. Breyer is a managing partner at Accel Partners, a leading venture capital firm with offices in Palo Alto, CA and London, England. In his role as NVCA Chairman, Mr. Breyer will be responsible for setting the public policy agenda and overall strategic direction of the country's premier venture capital association. He joined the NVCA Board in 1999 and has served on the Capital Formation, Membership and Government Affairs committees. He also served as the 2002 NVCA Annual Meeting Chairman. Mr. Breyer succeeds Jeffrey Harris, Managing Director of Warburg Pincus, who completed his one- year term as NVCA Chairman. "Never before has the role of the NVCA been so important to the future of our asset class and the entrepreneurial spirit in the United States," Mr. Breyer commented. "I look forward to leading the Association in the coming year and making certain that venture capital investment continues to recognized as a key economic driver for our country. Our priorities include maintaining an industry focus on prudent, long-term investing, preserving the use of employee stock options for emerging growth companies, and actively engaging members in critical NVCA activities." Outgoing Chairman Jeffrey Harris reflected: During the past year the NVCA successfully advanced its public policy agenda while providing a high level of innovative services to its membership.
    [Show full text]
  • Sfmoma Presents Rafael Lozano-Hemmer and Tauba Auerbach Mixed Media Exhibitions in April 2020
    SFMOMA PRESENTS RAFAEL LOZANO-HEMMER AND TAUBA AUERBACH MIXED MEDIA EXHIBITIONS IN APRIL 2020 Lozano-Hemmer’s First Major Survey in the U.S., Unstable Presence Features Large- Scale Participatory Installations and Immersive Environments Auerbach’s First Museum Survey, S v Z Traverses the Boundaries Between Art, Design, Science and Craft Also Opening at SFMOMA, Select Video Projections from Theaster Gates and Cauleen Smith Shown Together for the First Time SAN FRANCISCO, CA (November 12, 2019)—The San Francisco Museum of Modern Art (SFMOMA) will present two major exhibitions celebrating the mixed media work of contemporary artists Rafael Lozano-Hemmer and Tauba Auerbach this spring. The artist’s first major survey exhibition in the U.S., Rafael Lozano-Hemmer: Unstable Presence (April 25–November 1, 2020) will explore our presence in fundamentally turbulent environments through a focused selection of 16 engaging installations on the museum’s seventh floor. Simultaneously on the museum’s fourth floor, Auerbach’s first museum survey, Tauba Auerbach — S v Z (April 25–September 7, 2020), will highlight her prolific and varied output over the last 16 years. 1 San Francisco Museum of Modern Art Lozano-Hemmer and Auerbach Press Release Also on view this spring will be select video projections from renowned interdisciplinary artists Cauleen Smith and Theaster Gates in Future Histories (April 25–November 1, 2020). Rafael Lozano-Hemmer: Unstable Presence April 25–November 1, 2020 Floor 7 Air and water, heartbeats and voices, text and light—these are the materials of media artist Rafael Lozano-Hemmer. Over the past few decades, the Mexico City–born, Montreal-based artist has earned international recognition for large-scale participatory installations that frequently incorporate technology and the architecture of public spaces.
    [Show full text]
  • Facebook Timeline
    Facebook Timeline 2003 October • Mark Zuckerberg releases Facemash, the predecessor to Facebook. It was described as a Harvard University version of Hot or Not. 2004 January • Zuckerberg begins writing Facebook. • Zuckerberg registers thefacebook.com domain. February • Zuckerberg launches Facebook on February 4. 650 Harvard students joined thefacebook.com in the first week of launch. March • Facebook expands to MIT, Boston University, Boston College, Northeastern University, Stanford University, Dartmouth College, Columbia University, and Yale University. April • Zuckerberg, Dustin Moskovitz, and Eduardo Saverin form Thefacebook.com LLC, a partnership. June • Facebook receives its first investment from PayPal co-founder Peter Thiel for US$500,000. • Facebook incorporates into a new company, and Napster co-founder Sean Parker becomes its president. • Facebook moves its base of operations to Palo Alto, California. N. Lee, Facebook Nation, DOI: 10.1007/978-1-4614-5308-6, 211 Ó Springer Science+Business Media New York 2013 212 Facebook Timeline August • To compete with growing campus-only service i2hub, Zuckerberg launches Wirehog. It is a precursor to Facebook Platform applications. September • ConnectU files a lawsuit against Zuckerberg and other Facebook founders, resulting in a $65 million settlement. October • Maurice Werdegar of WTI Partner provides Facebook a $300,000 three-year credit line. December • Facebook achieves its one millionth registered user. 2005 February • Maurice Werdegar of WTI Partner provides Facebook a second $300,000 credit line and a $25,000 equity investment. April • Venture capital firm Accel Partners invests $12.7 million into Facebook. Accel’s partner and President Jim Breyer also puts up $1 million of his own money.
    [Show full text]
  • FY19 Annual Report View Report
    Annual Report 2018–19 3 Introduction 5 Metropolitan Opera Board of Directors 6 Season Repertory and Events 14 Artist Roster 16 The Financial Results 20 Our Patrons On the cover: Yannick Nézet-Séguin takes a bow after his first official performance as Jeanette Lerman-Neubauer Music Director PHOTO: JONATHAN TICHLER / MET OPERA 2 Introduction The 2018–19 season was a historic one for the Metropolitan Opera. Not only did the company present more than 200 exiting performances, but we also welcomed Yannick Nézet-Séguin as the Met’s new Jeanette Lerman- Neubauer Music Director. Maestro Nézet-Séguin is only the third conductor to hold the title of Music Director since the company’s founding in 1883. I am also happy to report that the 2018–19 season marked the fifth year running in which the company’s finances were balanced or very nearly so, as we recorded a very small deficit of less than 1% of expenses. The season opened with the premiere of a new staging of Saint-Saëns’s epic Samson et Dalila and also included three other new productions, as well as three exhilarating full cycles of Wagner’s Ring and a full slate of 18 revivals. The Live in HD series of cinema transmissions brought opera to audiences around the world for the 13th season, with ten broadcasts reaching more than two million people. Combined earned revenue for the Met (box office, media, and presentations) totaled $121 million. As in past seasons, total paid attendance for the season in the opera house was 75%. The new productions in the 2018–19 season were the work of three distinguished directors, two having had previous successes at the Met and one making his company debut.
    [Show full text]
  • 20170926-Bev-Skeggs-PPT.Pdf
    You Are Being Tracked, Evaluated and Sold: an analysis of digital inequalities Bev Skeggs, Professor Director, Atlantic Fellows Programme International Inequalities Institute, LSE September 2017 ESRC funded (2013-2016, ES/KO10786), with support from Sociology and Computer Science, Goldsmiths, University of London https://values.doc.gold.ac.uk/ https://values.doc.gold.ac.uk/firstfindings/ Bev Skeggs and Simon Yuill Trading faster than the speed of light • 120 milliseconds is about one-third of the time it takes a human to blink an eye • Bids are made by advertisers for access to your data 50 billion times a day, or about half a million times per second. • 100,000 requests from advertisers per second (Any longer than that, and it threatened to delay the Facebook page load). • Light travels fast (299,792,458 meters per second), but not fast enough. • In 2014 Facebook had 52,000 unique attribute data signals on one profile. It buys other data to develop this profile. XGQnGPA1MCmThgb9wN4vL0UpgBUUtWg.rg.FTN.0.AWUxZtUf From Antiono Garcia Martinez (Facebook Product Manager 2016) “Chaos Monkeys” Advertising use of programmatic marketing is the digital industry equivalent of financial flash trading (see Michael Lewis’s “Flash Boys”) Trading and tracking • As you finish this sentence if you have anything open on your laptop the chances are you will have you will have been tracked and traded, especially if you are a high net worth individual with an influential group of friends, often in less than a millisecond (a thousandth of a second 1/1,000), likely over 100 times. In 2016 estimated 60k per day.
    [Show full text]
  • Reportto the Community
    REPORT TO THE COMMUNITY Public Broadcasting for Greater Washington FISCAL YEAR 2020 | JULY 1, 2019 – JUNE 30, 2020 Serving WETA reaches 1.6 million adults per week via local content platforms the Public Dear Friends, Now more than ever, WETA is a vital resource to audiences in Greater THE WETA MISSION in a Time Washington and around the nation. This year, with the onset of the Covid-19 is to produce and hours pandemic, our community and our country were in need. As the flagship 1,200 distribute content of of new national WETA programming public media station in the nation’s capital, WETA embraced its critical role, of Need responding with enormous determination and dynamism. We adapted quickly intellectual integrity to reinvent our work and how we achieve it, overcoming myriad challenges as and cultural merit using we pursued our mission of service. a broad range of media 4 billion minutes The American people deserved and expected information they could rely to reach audiences both of watch time on the PBS NewsHour on. WETA delivered a wealth of meaningful content via multiple media in our community and platforms. Amid the unfolding global crisis and roiling U.S. politics, our YouTube channel nationwide. We leverage acclaimed news and public affairs productions provided trusted reporting and essential context to the public. our collective resources to extend our impact. of weekly at-home learning Despite closures of local schools, children needed to keep learning. WETA 30 hours programs for local students delivered critical educational resources to our community. We significantly We will be true to our expanded our content offerings to provide access to a wide array of at-home values; and we respect learning assets — on air and online — in support of students, educators diversity of views, and families.
    [Show full text]
  • Reforming Our Tax System, Reducing Our Deficit
    ASSOCIATED PRESS/J. S PRESS/J. ASSOCIATED cott A PP L E WH ITE Reforming Our Tax System, Reducing Our Deficit Roger Altman, William Daley, John Podesta, Robert Rubin, Leslie Samuels, Lawrence Summers, Neera Tanden, and Antonio Weiss with Michael Ettlinger, Seth Hanlon, Michael Linden December 2012 WWW.AMERICANPROGRESS.ORG Reforming Our Tax System, Reducing Our Deficit Roger Altman, William Daley, John Podesta, Robert Rubin, Leslie Samuels, Lawrence Summers, Neera Tanden, and Antonio Weiss with Michael Ettlinger, Seth Hanlon, Michael Linden December 2012 Note from the authors: As in any collaborative process, there has been much give and take among the participants in developing this final product. We all subscribe to the analysis and principles articulated here, to the need for revenue levels at the level proposed, and to the need for spending reductions. We also generally agree with the provisions of the plan. There may be specific matters, however, on which some of us have different views. Contents 1 Introduction and summary 5 On the need for more revenue 6 Why the additional revenue must come from high-income households 9 A progressive tax reform 11 Tax rates 12 Cleaning up the tax code 15 Simplifying filing 16 Other taxes 17 The spending side of the equation 20 Bottom line 22 About the authors 24 Acknowledgements 25 Endnotes Introduction and summary There are very few things everyone in Washington can agree on these days. But the one notion that will get heads nodding across the political spectrum is that today’s fiscal policies simply are not sustainable. If we keep doing what we’ve been doing, not only will the federal budget stay permanently deep in the red but critical public investments such as education and infrastructure will continue to go underfunded.
    [Show full text]
  • This Is Not a Textual Record. This Is Used As an Administrative Marker by the William J
    FOIA Number: 2006-0885-F. FOIA MARKER This is not a textual record. This is used as an administrative marker by the William J. Clinton Presidential Library Staff. Collection/Record Group: Clinton Presidential Records Subgroup/Office of Origin: Health Care Task Force Series/Staff Member: Richard Veloz Subseries: OA/ID Number: 3882 FolderlD: Folder Title: [Health Care] [Folder 3]: Economic Team [1] Stack: Row: Section: Shelf: Position: S 56 4 8 3 r OVERVIEW OF BUSINESS OUTREACH STRATEGY October 15, 1993 BUILDING AND NURTURING CORE BUSINESS SUPPORT (staff: Marilyn Yager, Amy Zisook, & Marilyn DiGiacobbe) I. Identify and target key businesses who are beneficiaries of the Act. A. Big businesses who have: 1. Large retiree populations (attached). 2. Struggled to control the growth in their own health care costs and voiced their commitment to health reform (attached). 3. Strong international competition (need list from Commerce or Treasury). B. Mid to small size businesses who have been: 1. The target of redlining practices (list attached). 2. Currently providing health coverage at costs of 7% or greater (list developed from SBA, DNC, and White House outreach). II. Continue small group meetings with Washington representatives (or CFOs). The key briefers at these meetings are Ira Magaziner, Roger Altman, and Bob Rubin. They will be staffed by Glenn Hutchins, Christine Hennen, and Marilyn Yager. A. The purpose is to: 1. Shore up their understanding and comfort level with the details of the Act. 2. Provide ongoing opportunities to hear their concerns and suggestions. 3. Ask for their support and their assistance in recruiting support. Where outright support is not a possibility, efforts will be made to neutralize their public response.
    [Show full text]
  • Jim Breyer of Accel Partners Elected Chairman of National Venture Capital Association -- Re> SAN FRANCISCO, May 13 /Prnewswire/
    Jim Breyer of Accel Partners Elected Chairman Of National Venture Capital Association -- re> SAN FRANCISCO, May 13 /PRNewswire/ -- Send a release Search Advanced Search Become a member Member sign in Products & Services News Releases For journalists For bloggers Global sites Products & Services Knowledge Center Browse News Releases Contact PR Newswire See more news releases in Banking & Financial Services | Venture Capital | Personnel Announcements | Domestic Policy Jim Breyer of Accel Partners Elected Chairman Of National Venture Capital Association New Board Directors Also Named During Association's Annual Meeting Like 0 SAN FRANCISCO, May 13 /PRNewswire/ -- The National Venture Capital Association's (NVCA) Board of Directors today unanimously elected James W. Featured Video Breyer to serve as its Chairman for the coming year. The election took place at the Association's 2004 Annual Meeting in San Francisco, CA. Mr. Breyer is a managing partner at Accel Partners, a leading venture capital firm with offices in Palo Alto, CA and London, England. In his role as NVCA Chairman, Mr. Breyer will be responsible for setting the public policy agenda and overall strategic direction of the country's Journalists and Bloggers premier venture capital association. He joined the NVCA Board in 1999 and has served on the Capital Formation, Membership and Government Affairs committees. He also served as the 2002 NVCA Annual Meeting Chairman. Mr. Breyer succeeds Jeffrey Harris, Managing Director of Warburg Pincus, who completed his one- year term as NVCA Chairman. "Never before has the role of the NVCA been so important to the future of our asset class and the entrepreneurial spirit in the United States," Mr.
    [Show full text]
  • Global Crossing Approved to Sell Unit to Pivotal2 Thursday June 5, 12:39 Pm ET
    Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C. 20554 ____________________________________ ) In the Matter of ) IB Docket No. 02-286 ) File Nos. ISP-PDR-20020822-0029; GLOBAL CROSSING, LTD. ) ITC-T/C-20020822-00406 (Debtor-in-Possession), ) ITC-T/C-20020822-00443 ) ITC-T/C-20020822-00444 Transferor, ) ITC-T/C-20020822-00445 ) ITC-T/C-20020822-00446 and ) ITC-T/C-20020822-00447 ) ITC-T/C-20020822-00449 ) ITC-T/C-20020822-00448 GC ACQUISITION LIMITED, ) SLC-T/C-20020822-00068 ) SLC-T/C-20020822-00070 Transferee ) SLC-T/C-20020822-00071 ) SLC-T/C-20020822-00072 Application for Consent to Transfer ) SLC-T/C-20020822-00077 Control and Petition for Declaratory ) SLC-T/C-20020822-00073 Ruling ) SLC-T/C-20020822-00074 ) SLC-T/C-20020822-00075 ) 0001001014 ____________________________________) COMMAXXESS’ FOURTH SUPPLEMENTAL RESPONSE TO ST TELEMEDIA’S THIRD APPLICATION FOR CONSENT TO TRANSFER CONTROL AND PETITION FOR DECLARATORY RULING On June 5, 2003 the United States Bankruptcy Court, SDNY approved the sale of Pacific Crossing Ltd for $63 million. The Global Crossing cable system and four landings in Japan and the United States were built at a cost of $1.35 billion. The disclosed buyer is Pivotal Private Equity1 and is a matter that demands the full scrutiny and attention of this Commission. These parties are attempting to do an end around on what CFIUS ruled on regarding Hutchison and dupe this Commission into approving change of control in a bifurcated manner that has the same end objective. Global Crossing approved to sell unit to Pivotal2 Thursday June 5, 12:39 pm ET 1 http://www.pivotalgroup.com/equitysenior.html 2 http://biz.yahoo.com/rc/030605/telecoms_globalcrossing_pivotal_1.html PHILADELPHIA, June 5 (Reuters) - Global Crossing Ltd.
    [Show full text]