2014 3Rd Quarter Investment Performance
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European Technology, Media & Telecommunications Monitor
European Technology, Media & Telecommunications Monitor Market and Industry Update Fourth Quarter 2012 Piper Jaffray European TMT Team: Eric Sanschagrin Managing Director Head of European TMT [email protected] +44 (0) 207 796 8420 Stefan Zinzen Principal [email protected] +44 (0) 207 796 8418 Jessica Harneyford Associate [email protected] +44 (0) 207 796 8416 Peter Shin Analyst [email protected] +44 (0) 207 796 8444 Julie Wright Executive Assistant [email protected] +44 (0) 207 796 8427 TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Selected Piper Jaffray 2012 TMT Transactions 2 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Contents 1. Internet and Digital Media A. Trading Update B. Transaction Update C. Public Market Trading Multiples 2. Software and IT Services A. Trading Update B. Transaction Update C. Public Market Trading Multiples 3. Communications Technology And Hardware A. Trading Update B. Transaction Update C. Public Market Trading Multiples 4. Equity Capital Markets and M&A Update 3 This report may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose without the written consent of Piper Jaffray. © 2013 Piper Jaffray Ltd. All rights reserved. TECHNOLOGY, MEDIA &TELECOMMUNICATIONS -
DENVER CAPITAL MATRIX Funding Sources for Entrepreneurs and Small Business
DENVER CAPITAL MATRIX Funding sources for entrepreneurs and small business. Introduction The Denver Office of Economic Development is pleased to release this fifth annual edition of the Denver Capital Matrix. This publication is designed as a tool to assist business owners and entrepreneurs with discovering the myriad of capital sources in and around the Mile High City. As a strategic initiative of the Denver Office of Economic Development’s JumpStart strategic plan, the Denver Capital Matrix provides a comprehensive directory of financing Definitions sources, from traditional bank lending, to venture capital firms, private Venture Capital – Venture capital is capital provided by investors to small businesses and start-up firms that demonstrate possible high- equity firms, angel investors, mezzanine sources and more. growth opportunities. Venture capital investments have a potential for considerable loss or profit and are generally designated for new and Small businesses provide the greatest opportunity for job creation speculative enterprises that seek to generate a return through a potential today. Yet, a lack of needed financing often prevents businesses from initial public offering or sale of the company. implementing expansion plans and adding payroll. Through this updated resource, we’re striving to help connect businesses to start-up Angel Investor – An angel investor is a high net worth individual active in and expansion capital so that they can thrive in Denver. venture financing, typically participating at an early stage of growth. Private Equity – Private equity is an individual or consortium of investors and funds that make investments directly into private companies or initiate buyouts of public companies. Private equity is ownership in private companies that is not listed or traded on public exchanges. -
Q2 2013 Preqin Private Equity Benchmarks: All Private Equity Benchmark Report
Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 30th June 2013 alternative assets. intelligent data. Preqin Private Equity Benchmarks: All Private Equity Benchmark Report As of 30th June 2013 Report Produced on 12th March 2014 This publication is not included in the CLA Licence so you must not copy any portion of it without the permission of the publisher. All rights reserved. The entire contents of the report are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in the report is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent fi nancial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of the report. While reasonable efforts have been used to obtain information from sources that are believed to be accurate, and to confi rm the accuracy of such information wherever possible, Preqin Ltd. Does not make any representation or warranty that the information or opinions contained in the report are accurate, reliable, up-to-date or complete. -
Shareholder Meeting
17 June 2009 HarbourVest Global Private Equity Limited Informal Meeting for Shareholders Welcome Sir Michael Bunbury Chairman, HVPE HarbourVest and HVPE Attendees Sir Michael Bunbury Chairman of HVPE D. Brooks Zug Senior Managing Director and Founder of HarbourVest; Director of HVPE George Anson Managing Director of HarbourVest; Director of HVPE Steve Belgrad CFO of HVPE Amanda McCrystal Head of Investor Relations and Communications for HVPE 2 Agenda I. Welcome Sir Michael Bunbury II. Overview of the Manager – HarbourVest D. Brooks Zug III. HVPE Review Steve Belgrad • Financial Highlights • Portfolio • Commitments and Balance Sheet • Trading and Investor Relations • HVPE Outlook IV. Outlook for Private Equity George Anson V. Summary / Questions and Answers Steve Belgrad 6/1/2009 3 Overview of the Manager – HarbourVest D. Brooks Zug Senior Managing Director and Founder, HarbourVest Director, HVPE Overview of the Investment Manager – HarbourVest Partners Largest Private Independent, 100% owner-managed private equity fund-of-funds Equity Founders began private equity investing in 1978 Fund-of-Funds Manager with Total capital raised over 25 years of $30 billion Experienced, Global 78 investment professionals in Boston, London and Hong Kong Team together with a support staff of more than 140 Focus on three private equity investment strategies: primary Consistent partnerships, secondary investments, direct investments Private Equity Strategy Four principal product lines: U.S. fund-of-funds, non-U.S. fund-of-funds, secondary-focused funds, direct / co-investment funds Demonstrated One of the longest track records in the industry Upper Quartile Achieved by the same professionals that manage the portfolio today Investment Demonstrated top quartile performance across all private equity Performance strategies1 __________________ Note: (1) Where relevant benchmarks exist. -
The Massachusetts-Israel Economic Impact Study
The Massachusetts-Israel Economic Impact Study 2016 Edition: The Boston-Israel Power Partnership An expanding relationship that generates revenue, jobs, and investment for the benefit of both economies Boston Tel Aviv June 2016 Prepared for the New England-Israel Business Council With support from CJP of Greater Boston Based on research by Stax, Inc. With additional research by TAMID @ Boston University by David Goodtree Table of Contents » Executive Summary ....................................................................................................... 4 » Israeli Innovation Is a Major Driver of the Massachusetts Economy ............................4 » About the Title of This Whitepaper .....................................................................................5 » Israeli Entrepreneurs Choose Boston To Build Global Businesses ..................... 6 » Boston is a Gateway for Israel to U.S. and Global Markets ............................................6 » Revenue ...................................................................................................................................7 » Jobs ...........................................................................................................................................8 » Capital ......................................................................................................................................8 » Acquisitions .............................................................................................................................10 -
Investment Holdings As of June 30, 2019
Investment Holdings As of June 30, 2019 Montana Board of Investments | Portfolio as of June 30, 2019 Transparency of the Montana Investment Holdings The Montana Board of Investment’s holdings file is a comprehensive listing of all manager funds, separately managed and commingled, and aggregated security positions. Securities are organized across common categories: Pension Pool, Asset Class, Manager Fund, Aggregated Individual Holdings, and Non-Pension Pools. Market values shown are in U.S. dollars. The market values shown in this document are for the individual investment holdings only and do not include any information on accounts for receivables or payables. Aggregated Individual Holdings represent securities held at our custodian bank and individual commingled accounts. The Investment Holdings Report is unaudited and may be subject to change. The audited Unified Investment Program Financial Statements, prepared on a June 30th fiscal year-end basis, will be made available once the Legislative Audit Division issues the Audit Opinion. Once issued, the Legislative Audit Division will have the Audit Opinion available online at https://www.leg.mt.gov/publications/audit/agency-search-report and the complete audited financial statements will also be available on the Board’s website http://investmentmt.com/AnnualReportsAudits. Additional information can be found at www.investmentmt.com Montana Board of Investments | Portfolio as of June 30, 2019 2 Table of Contents Consolidated Asset Pension Pool (CAPP) 4 CAPP - Domestic Equities 5 CAPP - International -
Investment Holdings As of December 31, 2017 Transparency of the Montana Investment Holdings
Investment Holdings As of December 31, 2017 Transparency of the Montana Investment Holdings The Montana Board of Investment’s holdings file is a comprehensive listing of all manager funds, separately managed and commingled, and aggregated security positions. Securities are organized across common categories: Pension Pool, Asset Class, Manager Fund, Aggregated Individual Holdings, and Non-Pension Pools. Market values shown are in U.S. dollars. The market value of the individual holdings does not necessarily correspond to the net asset value of the accounts in the financial reports. Aggregated Individual Holdings represent securities held at our custodian bank and individual commingled accounts. The Investment Holdings Report is unaudited and may be subject to change. Additional information can be found at http://www.investmentmt.com/ Montana Board of Investments | December 31, 2017 | 2 Table of Contents Consolidated Asset Pension Pool (CAPP) 4 CAPP - Domestic Equity 5 CAPP - International Equity 18 CAPP - Private Equity 32 CAPP - Natural Resources 34 CAPP - Private Real Estate 35 CAPP - TIPS 36 CAPP - Broad Fixed Income 37 CAPP - US Treasury & Agency 40 CAPP - Investment Grade Credit 42 CAPP - Mortgage Backed Securities 44 CAPP - High Yield Fixed Income 46 CAPP - Cash Equivalents 60 Short Term Investment Pool (STIP) 61 Trust Funds Investment Pool (TFIP) 63 State Fund 69 All Other Funds 73 End Notes 74 Glossary 75 Montana Board of Investments | December 31, 2017 | 3 CAPP Asset Class Holdings Security Name Market Value Domestic Equity 4,003,924,115 International Equity 2,041,108,151 Private Equity 1,158,087,065 Natural Resources 259,993,915 Real Estate 785,720,964 TIPS 384,132,519 Broad Fixed Income 249,766,393 US Treasury & Agency 1,083,499,322 Investment Grade Credit 376,018,338 Mortgage-Backed 463,393,123 High Yield 319,051,408 Cash Equivalents 176,742,322 Montana Board of Investments | December 31, 2017 | 4 Domestic Equity Manager Holdings Manager Name Market Value BlackRock (ETF and Commingled) 2,207,354,908 T. -
NEWSLETTER Mid-Year 2020
Defense & Government Services M&A NEWSLETTER Mid-Year 2020 The McLean Group | 7918 Jones Branch Drive, Suite 750 | McLean, VA 22102 | www.mcleanllc.com | 877.843.0997 Defense & Government Services Industry & Capital Markets Update Industry News – Pre-COVID lockdown, M&A activity in the ADG sectors was at an all time high - driven by high valuations and a positive economic outlook – With the start of lockdowns in mid-March, M&A activity in the sector decreased considerably. While the defense and government contracting sectors fared better than most, macro-economic uncertainty as well as frozen debt markets generally meant that only M&A deals that were in the later stages of diligence continued through closing. – While uncertainty remains, anecdotally June has been the most active month for GovCon M&A since the pandemic started – potentially signaling that activity is recovering toward historic levels. – There has also been a significant recovery in the capital markets since the COVID-19 crash brought the Russell 2000 down nearly 41% from the beginning of the year through late March. However, volatility remains high with the CBOE Volatility index well above 30 points indicating markets remain uncertain of the future. Furthermore, specific industries including aerospace face significant challenges to their business as the nature of COVID-19 mitigation strategies conflict with their core businesses. Market Sentiment – The CARES Act reinforces priorities to support contractors. – Virtual workforce transition relatively smooth in most sectors, which might indicate government outsourcing continues to be part of the solution. – Concerns over taxes and budget cuts in the medium and long term to support CARES Act. -
Appendix D: Securities Held by Funds
Annual Report of Activities Pursuant to Act 44 of 2010 September 30, 2015 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2015. 1011778 BC ULC / NEW RED 144A ABCAM PLC ACCELYA KALE SOLUTIONS LTD 198 INVERNESS DRIVE WEST ABC-MART INC ACCENTURE PLC 21ST CENTURY FOX AMERICA INC ABC-MART INC NPV CFD ACCESS CIG 10/14 TL 21ST CENTURY ONCOLOGY 4/15 TL ABENGOA SA ACCIONA SA 22ND CENTURY GROUP INC ABENGOA YIELD PLC ACCO BRANDS CORP 32 CAPITAL FUND LTD (THE) ABERCROMBIE & FITCH CO ACCOR SA 361 DEGREES INTERNATIONAL LTD ABERDEEN ASSET MANAGEMENT PLC ACCRETIVE CO LTD CFD 3D SYSTEMS CORP ABERTIS INFRAESTRUCTURAS SA ACCRUED INTEREST FOR PRIVATE 3I GROUP PLC ABILITY ENTERPRISE CO LTD ACCTON TECHNOLOGY CORP 3M CO ABILITY NETWORK 5/14 COV-LITE ACCUVANT 12/14 COV-LITE 2ND 4L TECHNOLOGIES 5/14 COV-LITE ABINGWORTH BIOVENTURE V LP ACCUVANT 12/14 -
Quarterly Digest Israeli High Tech Market
Quarterly Digest Israeli High Tech Market (4th Quarter, 2013) 1 Contents Introduction 3 Report methodology 3 The trends 6 Public Market reopened for Israeli tech companies 6 IT and Mobile are the engines of the local industry 7 Enterprise software is an old-new superstar 8 Chemical industry and new materials 9 R&D centers of multinationals – from Facebook to unknown insurance company- everybody wants boots on the ground 10 Source of technology for Asian giants 10 Future trends – modest prediction attempt 11 Fundraising during Q4 12 IT 12 Biotech 15 Medical technologies 15 Engineering 18 Energy efficiency & clean-tech 19 Mobile 20 IPO Pipeline 24 M&A Deals during Q4 25 IT 26 Medical Technologies 26 Engineering 27 Mobile 29 Investment and Venture Capital in Israel 30 Technologies 37 IT 37 Medical Technologies 37 Mobile 38 Significant trade transaction and other related headlines 40 IT 40 Mobile 42 BioTech 42 Companies of special interest 43 2 Introduction Introduction This digest is an overview of the high tech industry, venture capital and adjusting areas news line of Israeli Hebrew written press and blogs. The main purpose of it is to present an unbiased picture of what is happening on one of the most vibrant technology markets. Usually, every technology start-up is trying to be secretive and not to reveal too much. Significant events in the company life (fundraising, M&A, significant trade transactions and contracts) allow the observers to get a picture of the market, to spot trends, to see where the investors (VC funds) are putting their money and what are strategic players after. -
VC Transactions Polish Market 2019 Summary
VC transactions on the Polish market 2019 summary Authors PFR Ventures manages 6 fund of funds Inovo Venture Partners is a venture that, together with private investors, capital fund with PLN 200 million of business angels and corporations, assets under management, focused on invest in Venture Capital funds. Their late Seed and Series A investments goal is to provide capital to Polish, across Poland and Central and Eastern innovative enterprises at early stages of Europe. So far, the fund has made 18 development. Currently, PFR Ventures investments in European technology has over 50 funds in its portfolio that companies, with a perspective of have made total of 250 investments. another 15 over the next few years. www.pfrventures.pl www.inovo.vc [email protected] [email protected] Overview Key data for 2019 269 294 transactions executed EUR mln of provided capital 85 8x VC funds engaged increase in transaction value from 2018 VC investments in Poland in 2010–2019 VC investments in mln EUR 350 294 300 mega-round 250 DocPlanner: EUR 80 mln 200 150 100 50 38 36 50 29 29 29 25 10 4 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Mega-round of the DocPlanner company is presented separately as it distorts the statistical overview (see:outlier). Source: Invest Europe (2010-2018) Authors’ comments Aleksander Mokrzycki, Tomasz Swieboda, CFO/COO, PFR Ventures partner, Inovo Venture Partners 2019 will go down in the history of the Polish Venture As Inovo, we've been on the market since 2012, and Capital market. For the first time in 10 years, we have privately we follow the market even longer. -
Financial Services
Spring 2017 Industry Study Final Report Financial Services The Dwight D. Eisenhower School for National Security and Resource Strategy National Defense University Fort McNair, Washington, D.C. 20319-5062 i FINANCIAL SERVICES 2017 ABSTRACT: The Financial Services Industry (FSI) is designated as a “critical infrastructure” of the United States, directly affecting national interests and impacting national security. Now is the time to adjust course across the regulatory oversight system, react to a major change in the FSI international market with Brexit, and enhance our resiliency against future threats to FSI cybersecurity vulnerabilities. The U.S. FSI makes a strong, sustainable contribution to national security and economic prosperity. Nonetheless, the government can do more to mitigate the unintended consequences of Dodd-Frank, including the overly complex domestic regulatory structure; potential Brexit impacts; and emerging cybersecurity challenges. Ms. Jennifer Aquinas, Department of the Air Force Lt Col Donny Bagwell, U.S. Air Force COL Scott Baum, U.S. Army Ms. Roslyn Davis, U.S. Department of Defense Ms. Tuuli Duneton, Estonia, Ministry of Defense Lieutenant Colonel Hatim El Yaagoubi, Morocco CDR Kenneth Jackson, U.S. Navy Dr. Molly Kihara U.S. Army Civilian Lt Col Kevin Kirsch, U.S. Air Force COL Elisabeth Litvin, U.S. Army CDR Demetrius Mack, U.S. Navy LTC Robert McDonald, U.S. Army Mr. Robert Miller, U.S. Department of State LTC Eric Noe, U.S. Army Ms. Sezaneh Seymour, U.S. Department of State Mr. Donald Spies, U.S. Department of the Treasury Dr. Shannon Brown, Faculty Lead COL Douglas McCarthy, Canadian Army (Retired), Faculty Col Raymone Mijares, U.S.