Sunday, 31 August 2014
Last updated 1 day ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...