Core Capital Partners Promotes Two Senior Staff.Newly-Promoted Principals Further Strengthen Firm's Senior Leadership WASHINGTON -- Core Capital Partners, a private equity firm specializing in early- to mid-stage technology companies, has announced the promotion of Philip Eliot and Jagtar Narula to principal effective immediately. Mr. Eliot, who joined Core Capital in 2002, focuses on enterprise applications and Internet infrastructure companies. Prior to joining Core Capital, Mr. Eliot held positions in the venture capital community and as a consultant for Dean & Company working in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and utilities industries. Mr. Eliot received a B.A. in Physics with Honors from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. . Mr. Narula joined Core Capital in November 2002 and concentrates on network security, business services, and communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . Previously he was an investment professional for GE Equity, the private equity investment arm of the General Electric Company. In past positions, he has worked as an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. for PaineWebber Incorporated, an engineer with Westinghouse Electric Corporation and as investment director for Capital Investors, an early-stage investment group. "Philip and Jagtar have been an instrumental part of our investment team and have very successful track records with deals such as SilverStorm Technologies, Trust Digital Inc., and Foresight (graphics, tool) Foresight - A software product from Nu Thena providing graphical modelling tools for high level system design and simulation. Corporation," said Jonathan Silver, managing director of Core Capital Partners. "They provide valuable insight into the various technology sectors we follow and will help us continue to be one of the leading private equity firms in the Mid-Atlantic region." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Silver, the promotions reflect the firm's commitment to leveraging senior leadership and deep industry knowledge, both of which have enabled the firm to be in the 90th percentile percentile, n the number in a frequency distribution below which a certain percentage of fees will fall. E.g., the ninetieth percentile is the number that divides the distribution of fees into the lower 90% and the upper 10%, or that fee level among its peers with regard to returns on investments. About Core Capital Partners Core Capital is a Washington, DC-based venture fund with over $370 million under management. The firm invests in a wide range of disruptive technologies A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. , with a particular focus on telecommunications hardware and software, wireless applications, enterprise software, network security, ecommerce, and web and communications services. Core invests in both early-stage and later-stage companies. Sample portfolio companies include InPhonic, Sourcefire, NexTone Communications, buySAFE, RoundBox, Trust Digital, Trinity Convergence, and IXI. For more information, please visit the Web site at www.core-capital.com. |
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