Exact(13)
One YouNoodle investor is Peter Thiel, a founder of PayPal (now owned by eBay) and a managing partner of the Founders Fund venture firm.
The mayor of London fears the implementation of a draft directive on the alternative asset management industries presents a clear threat to London's hedge fund, venture capital and private equity industries.
The overhaul in its fund lineup came after the firm began discussions with AARP on strengthening their fund venture, said Bill Galvin, the chief operating officer of Scudder's mutual fund division.
The believers include Madison Dearborn, a $3 billion private equity firm; the $1.5 billion Mayfield Fund; venture capital fund Oak Investment Partners and, most important, the California Public Employees Retirement Systemm.
"Partly, too, they see their GP brethren coming in and they know that [the institutional investors who fund venture firms] only have so many dollars.
Sentiment has shifted enough that even limited partners — who fund venture firms — feel they can and should ask questions that, in an earlier age, were seemingly verboten.
Similar(47)
Took AES public to fund ventures abroad.
While using taxpayer money to fund ventures the private sector won't finance is risky, it appears a necessary evil.
But it slashes profits to index fund managers and discourages entrepreneurs who start new fund ventures in the hopes of enriching themselves by building fund empires.
But it has also had trouble attracting and keeping top people.Partly to address that, it took what now looks like a disastrous punt (though other investment banks have done likewise) in creating a hedge-fund venture in 2005 run by John Costas, the former head of investment banking.
Macquarie must hope that more European funds venture down the infrastructure road.
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