Guggenheim Venture Partners Becomes Alara Capital

Aug 1 2011 | 2:13pm ET

Guggenheim Venture Partners has spun out of Guggenheim Partners to become a new private equity and venture capital firm, Alara Capital.

The entire GVP team—including managing directors Mike Burns and Eric Rothfus—has moved to Alara, which will have no affiliation with Guggenheim.

“We are grateful to Guggenheim for helping us start our first fund and for the firm's help with the spin out and launch of new funds as Alara,” said Rothfus.
 
Alara will continue to operate from offices in King of Prussia, Pa., and Austin, Texas, and will manage Guggenheim Technology Ventures I, a fund begun in 2008 with a total today of $65 million in capital and stakes in nine technology companies.
 
Alara will continue investing in undercapitalized technology companies with practices in distressed venture capital, early stage ventures and technology spin-outs. Alara will expand that focus into growth equity and active value investing with future private equity funds.
 
Future funds will be set up independently from Guggenheim, one of the largest limited partners in Alara’s first fund established under Guggenheim Partners.
 
Since its start in October 2008, Guggenheim Technology Ventures I has invested in numerous companies including Ciclon Semiconductor Device Corporation, which was acquired by Texas Instruments in 2009.
 
 


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of