Home > News > Private equity boosts start-ups
May 22nd, 2007
Private equity boosts start-ups
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.
PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014
Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014
Harris & Harris Group Letter to Shareholders on Website August 19th, 2014
Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014
Novel approach to magnetic measurements atom-by-atom October 1st, 2014
'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014
Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014
New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014