TITLE

FTVentures Closes $512M Fund

AUTHOR(S)
Schachter, Ken
PUB. DATE
April 2008
SOURCE
Red Herring;4/15/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reveals that FTVentures, whose capital backs financial services startups, has closed a $512 million fund. The subprime mortgage crisis has affected some of the biggest firms in finance including Goldman Sachs Asset Management, GE Capital, and JPMorgan Chase. Software and services companies are the target investments of FTVentures. GigaSpaces, a maker of distributed application software and risk-management software firm Aveska are some of its recent investments.
ACCESSION #
36834945

 

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