Time Is Right for PIPEs
Venture capital firms looking to juice their returns would do well to consider PIPEs in former portfolio companies that are now public. As Joanna Glasner reports in this week’s Private Equity Week, venture firms have done at least four such deals in former VC-backed companies in the past few weeks (click her for free copy of the story). And PwC is predicting a surge in PIPEs this year. VCs that got in on the action early may have already benefited. The Thomson Reuters Post-Venture Capital Index (PVCI)—which tracks the performance of public stocks of companies that previously raised money from VC and buyout firms—finally posted a gain in December after three consecutive months of losses. The PVCI rose 5.9% to 365.59 on Dec. 31
14 January 2009•1 min read
