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Sunday, February 28, 2010

Carlyle Group and Fosun Group of China to Launch Private Equity Joint Venture in China

Carlyle, Fosun Group To Launch Private-Equity Fund JV - Source - WSJ.com
"SHANGHAI (Dow Jones)--Carlyle Group L.P. and Chinese conglomerate Fosun Group plan to launch a private-equity fund joint venture in China, ..."

World Financial Crisis - The Worst is Over Says Blackstone's Schwarzman

World Financial Crisis - The Worst is Over Says Blackstone's Schwarzman

Jason Kelly writes:
"February 26, 2010 from Bloomberg -- Blackstone Group Inc., the world’s biggest private-equity company, paid Chairman Stephen Schwarzman a salary of ....

Schwarzman, 63, told investors yesterday that “the worst is over” as markets stabilize and buyout managers are able to sell some assets and make deals."

Something Very Strange Is Happening With Treasuries -- Seeking Alpha

Something Very Strange Is Happening With Treasuries -- Seeking Alpha

Some comments might be interpreted to suggest that the Fed is buying up its own treasuries - as a way of printing money.
As "swaps" notes in the comments:
"To sum up then, the U. S. government might as well drop the facade and just issue money without borrowing it. As the Constitution calls for. Tim Geithner should make the call to do this because if, like Kennedy and Lincoln, someone wants blood it won't be Obama's.
The U. S. borrowing money when it never had to do so in the first place - was a bad idea. And this entire mess is the result of that.
It's my understanding that Russia just prints money for projects, then soaks up the excess with taxation. How did they get so smart? Was it their bankruptcy filing a few years ago?"

Is 'man who broke the Bank of England' George Soros at centre of hedge funds betting against crisis-hit euro? | Mail Online

Is 'man who broke the Bank of England' George Soros at centre of hedge funds betting against crisis-hit euro? | Mail Online:
by Karl West

Wednesday, February 24, 2010

Wall Street and the China Market : Morgan Stanley Out : Private Equity In

Wall Street is retreating from China - MarketWatch

Morgan Stanley is reported as retreating from Chinia, but MarketWatch writes that private equity is "in" to China:
"[P]rivate-equity firms -- given the dearth of cheap bank financing and opportunities in the established U.S. and European markets -- have turned their eyes to the so-called BRIC countries, Brazil, Russia, India and China."

Intellectual Ventures and Invention Capital : Financing Inventors and Monetizing Creations : Making Big Money out of Patents : The "New" Software ?

Intellectual Ventures has been labelled "Intellectual Vultures" as a consequence of its acquisition of 30,000 patents and collection thus far of more than $1 billion in license fees. That is big business. What goes on?

In Investment Firm Hopes to Turn Patents Into Invention Capital Market, Steve Lohr at the New York Times reports on this "nonpracticing entity" - called a patent troll by its detractors - that makes no products of its own but deals in patents only.

The March 2010 Issue of the Harvard Business Review under the title Funding Eureka! features an article written by Nathan Myhrvold, former chief technology officer at Microsoft and Founder and CEO of Intellectual Ventures, in which Myhrvold makes the case that his company is not a patent troll but is trying to "create a capital market for inventions" and "to make applied research a profitable activity that attracts vastly more private investment than it does today".

Is it possible that Myhrvold represents the future of patents?

Wednesday, February 3, 2010

Be An Angel; Help an Entrepreneur

Be An Angel; Help an Entrepreneur
by FC Expert Blogger Francine Hardaway
"So we need the creation of new businesses. Well, why aren’t they forming? After all, 10% of us are out of work. Isn’t that when new businesses form?"

Saturday, January 23, 2010

Private Equity-Backed IPOs Kick Off 2010 With A Whimper - Private Equity Beat - WSJ

Private Equity-Backed IPOs Kick Off 2010 With A Whimper - Private Equity Beat - WSJ

The Week In Private Equity: All-Conflict Edition - Private Equity Beat - WSJ

The Week In Private Equity: All-Conflict Edition - Private Equity Beat - WSJ

Josh Beckerman writes:
"Big Brother vs. The Banks. President Barack Obama’s administration’s proposed new rules for banks and the potential impact on private equity make the carried interest tax debate seem almost quaint by comparison."

BaltCap inks €30m Latvian VC fund agreement with EIF

BaltCap inks €30m Latvian VC fund agreement with EIF
"Eastern European private equity firm BaltCap has signed an agreement with the European Investment Fund to establish a €30m venture capital fund.

BaltCap Latvia is the first venture capital fund manager to successfully complete private fundraising under EIF managed JEREMIE initiatives in Europe."

Friday, January 22, 2010

Venture Funding Moves from Clean Energy to Efficient Lighting and Energy-Management Software : Biotech Leads the Pack

Venture Funding Stabilizes, Shifts to Biotech, Shuns Energy - BusinessWeek

Biotech is on the rise as drug companies seek to offset expiring patents and as investments are being made in new technologies such as genome and cancer research. Less money is going into clean energy and more into projects for efficient lighting and energy-management software.

Tim Mullaney, January 22, 2010 (Bloomberg) , writes:
"Venture-capital funding for startup companies stabilized in the fourth quarter, with investor interest shifting toward drug development and away from clean energy....

Biotech was the largest industry for the quarter."

Thursday, January 21, 2010

Entrepreneurial Edge - Universities Join With Small Firms to Develop Nanotechnology - NYTimes.com

Entrepreneurial Edge - Universities Join With Small Firms to Develop Nanotechnology - NYTimes.com

The Bill & Melinda Gates Foundation

The Bill & Melinda Gates Foundation

New & Noteworthy | Page 1 | Robb Report

New & Noteworthy | Page 1 | Robb Report

The RobbReport is a magazine that calls itself "The Global Luxur Source". MANY expensive things to buy at prices that few can afford.

Breakthrough in developing super-material graphene

Breakthrough in developing super-material graphene
"ScienceDaily (Jan. 19, 2010) — A collaborative research project has brought the world a step closer to producing a new material on which future nanotechnology could be based. Researchers across Europe, including the UK's National Physical Laboratory (NPL), have demonstrated how an incredible material, graphene, could hold the key to the future of high-speed electronics, such as micro-chips and touchscreen technology....

Graphene is a relatively new form of carbon made up of a single layer of atoms arranged in a honeycomb shaped lattice. Despite being one atom thick and chemically simple, graphene's is extremely strong and highly conductive, making it ideal for high-speed electronics, photonics and beyond.

Graphene is a strong candidate to replace semiconductor chips. Moore's Law observes that the density of transistors on an integrated circuit doubles every two years, but silicon and other existing transistor materials are thought to be close to the minimum size where they can remain effective. Graphene transistors can potentially run at faster speeds and cope with higher temperatures. Graphene could be the solution to ensuring computing technology to continue to grow in power whilst shrinking in size, extending the life of Moore's law by many years."
Read the full article here on this breakthrough development in electronics.