California detectives are investigating a July computer theft at storied venture capital-firm Kleiner Perkins Caufield & Byers, a spokeswoman for the Menlo Park police said on Thursday. The theft may put Kleiner in jeopardy of losing valuable financial data and making the firm the latest in a long list of businesses that have lost sensitive information to thieves. In this case, the information was taken by physical, not electronic, means.
Metanautix has received $7 million in initial funding from Sequioa Capital, the Stanford University Endowment Fund and Shiva Shivakumar, a former VP of engineering at Google. The company plans to release its first product for general availability before the end of 2014. At present, there are half a dozen beta customers using the software, with the largest being Hewlett-Packard.
In an email addressed to the university community, Columbia University said it has hit a fundraising milestone recently when it managed to raise over $6.1 billion in funding, the second biggest by a US university to date.
The Center for Health Program Management and its funding partners which include Sierra Health Foundation, The California Endowment and The California Wellness Foundation gave a grant of $1.6 million to four counties to support the Positive Youth Justice Initiative.
The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.
New York, US-based firm Apollo Global Management LLC announced on Thursday that it had raised $17.5 billion for the Apollo Investment Fund VIII, the largest private equity fund raised since the financial crisis.
Frankfurt, Germany-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion ($4.8 billion) for its eight buyout fund amid decreased volatility in Europe.
With the help of both public and private equity, the investments of Wellcome Trust was able to return 18% in the year that ended September 30, Bloomberg reported.
The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy
The increasing number of new hedge funds by global banks and asset managers in Asia threatened the business of smaller firms who had opened their independent firms just after the 2008 financial crisis.
Hedge funds are now entering the municipal debt market, finding a veritable gold mine in value but may provide more problems in the long run as to the temporary nature of the investments.
The following bids, mergers, acquisitions and disposals were reported on Friday.
Edmond de Rothschild raises EUR192 million or USD250 million for its BioDiscovery 4 fund.
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
Lane MacDonald would be heading the private equity investments of the Harvard Management Company.
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