Third Fund Dedicated to Life Science Investing PALO ALTO, CA – Prospect Venture Partners, a venture capital firm dedicated to investing in medical technology and life science companies, today announced the closing of its third fund, Prospect Venture Partners III. The oversubscribed fund was closed at $500 million. The majority of investors represented returning […]
Private equity interactive, Dow Jones Flush with a handful of exits this year, Prospect Venture Partners has raised $500 million for its third life sciences-focused fund, ahead of its $400 million goal. The new fund–which is the same size as its 2001 predecessor–would follow a similar strategy of investing in mainly early-stage biotechnology, biopharmaceutical […]
Prospect Venture Partners PALO ALTO, Calif., July 30 /PRNewswire/ — Prospect Venture Partners, a venture capital firm dedicated to investing in medical technology and life science companies, today announced the closing of its second fund, Prospect Venture Partners II. The oversubscribed fund was closed at $500 million. The fund’s four Managing Partners are Alex […]
Venture Capital & Health Care Journal Prospect Venture Partners, Palo Alto, has created a stir among health care investors by landing Dr. Russell C. Hirsch and Dr. James B. Tananbaum as general partners. The appointments do more than confirm that Prospect Venture Partners’ star is rising. They also illustrate how health care investors are benefiting […]
Venture Capital Journal PALO ALTO, Calif. — Prospect Venture Partners, a first-time effort by Kleiner Perkins Caufield & Byers alumni Alex Barkas and David Schnell, had such success in fund raising that the partners were bashful about acknowledging their success. The pair targeted their first fund at $75 million (VCJ, August 1997, page 8), […]
Venture Capital & Health Care Journal Prospect Management Co., LLC, Palo Alto (Prospect Ventures), has closed its debut fund at $100 million, which is $25 million above target. Prospect Venture Partners’ partners, Alexander E. Barkas and Dr. David Schnell, last year left Kleiner, Perkins, Caufield & Byers, Menlo Park, to create an investment […]
The Private Equity Analyst When two partners of Kleiner Perkins Caufield & Byers decided last spring to go out on their own, they found an unexpected suitor seeking their fund-raising business: Merrill Lynch & Co.’s Private Equity Group. Sure, the Merrill group is one of the biggest partnership placement agents around, but the New […]
Venture Capital Journal MENLO PARK, Calif. — A pair of Kleiner Perkins partners have formed their own Silicon Valley venture firm, leaving the venerable partnership after five years. Alexander Barkas and David Schnell formally departed June 30 to form Prospect Venture Partners, according to Brook Byers, a partner at Kleiner Perkins Caufield & Byers. […]
THE PRIVATE EQUITY ANALYST Two partners of Kleiner Perkins Caufield & Byers have left the Menlo Park, CA-based venture capital firm to form a venture firm that will invest exclusively in young health care companies. Alexander E. Barkas and David Schnell, M.D. have formed Prospect Management Co., LLC, Palo Alto, CA, which is seeking to […]