Wednesday, October 15, 2008

Vicente Capital Partners Raises $150M Fund

Los Angeles-based Vicente Capital Partners said Wednesday that the investment fund has raised $150M for the firm's Growth Equity Fund. The firm said its new fund will invest between $5M and $15M in equity in expansion capital or buyout deals, to companies who have $2M to $25M in revenues and up to $5M in EBITDA. Limited partners in the new fund include CalPERS, Fairview Capital, JP Morgan Asset Mgmt. & Affiliates, LACERS, LA Fire and Police Pensions, New Mexico ERB, New Mexico State Investment Council, New York Common and Teachers' Retirement System (IL). The fund's team, Jay Ferguson, Klaus Koch and Nicholas Memmo, come from Kline Hawkes, where they managed investments in such firms as Rent.com (acquired by eBay), Overture (acquired by Yahoo), Cogent Communications, CaseStack, LivHOME, Transoft Networks, and other companies. Ferguson and Memmo continue as General Partners at Kline Hawkes Pacific LP.

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