Home > News > Private equity boosts start-ups
May 22nd, 2007
Private equity boosts start-ups
Abstract:
A BOOMING private equity sector has helped fill the boots of Australia's biggest ever, early-stage venture fund, a market languising since the dotcom boom.
Southern Cross yesterday said it had grabbed $170 million, signaling the potential for a new golden era for local technology-related businesses that have been shunned as investors chased more established companies.
The funds manager, Southern Cross Venture Partners (SXVP) headed by venture capital industry veteran Bob Christiansen, has garnered investment support from Macquarie Bank - $60 million for funds it represents - as well as substantial commitments from Industry Funds Management (IFM) and SunSuper.
The Southern Cross Fund, which launched in August last year, focuses on early-stage investments in electronics, technology, telecommunications, nanotechnology and environmental science including clean energy.
Source:
theaustralian.news.com.au
Bookmark:
| Related News Press |
Investments/IPO's/Splits
Daikin Industries becomes OCSiAl shareholder July 27th, 2021
INBRAIN Neuroelectronics raises over €14M to develop smart graphene-based neural implants for personalised therapies in brain disorders March 26th, 2021
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers/Posters
Cambridge chemists discover simple way to build bigger molecules – one carbon at a time June 6th, 2025
Electrifying results shed light on graphene foam as a potential material for lab grown cartilage June 6th, 2025
Quantum computers simulate fundamental physics: shedding light on the building blocks of nature June 6th, 2025
A 1960s idea inspires NBI researchers to study hitherto inaccessible quantum states June 6th, 2025
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||