Patricof & Co. Invests in Katalyst's $30M Venture Capital Fund; Joins Other Significant Investors in Katalyst Venture Partners I.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Aug. 17, 2000 Katalyst today revealed the identity of another major investor in its $30 million venture capital fund that closed last week: Patricof & Co. Ventures, Inc. Patricof & Co. Ventures, the U.S member of Apax Partners, is a leading global private equity firm with $7 billion under management through 13 offices worldwide. The investment by Patricof & Co. is an endorsement of Katalyst's unique approach of providing venture capital, operational expertise and merchant banking to businesses in the New Economy. The fund, known as Katalyst Venture Partners I, LP (KVP kVp kilovolts peak. kVp, n See kilovolt peak. kVp (kilovoltage peak) selector, n the control on a radiograph machine that selects the kilovoltage for a given radiographic film. I), will be invested solely in portfolio companies benefiting from Katalyst's proprietary Net Acceleration Methodology(TM). "Our relationship with Katalyst is very strong," said Greg Case, General Partner, Patricof & Co. Ventures, Inc. "We have previously worked together on deals, and our investment in the fund is a further endorsement of their unique model, talented people and track record of success." "We are thrilled to have Patricof & Co., one of the premier private equity investors, as an investor in our fund," said Neil Heller, Katalyst Co-Chairman and General Managing Partner of KVP I. "We are looking forward to continuing to work closely with our friends at Patricof & Co." Patricof & Co. joins a host of significant investors announced last week, including Mellon Ventures; the Lenfest Family; Comcast Interactive Capital, LP; Pacific Capital Group; Liberty Digital (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LDIG); General Electric Capital Corporation; Cox Consumer Information Network, Inc.; Harron Capital, LP; and Pennsylvania Early Stage Partners. The fund is also supported by a loan from the Commonwealth of Pennsylvania, and by Katalyst's own employees. Total investment from Katalyst employees exceeded $1.7 million with 100% of those eligible participating. About Patricof & Co. Ventures, Inc. Patricof & Co. Ventures, Inc., the U.S. member of Apax Partners, is a global private investment firm with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Philadelphia, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , London, Leeds, Dublin, Paris, Madrid, Milan, Munich, Tel-Aviv, Tokyo, and Zurich. Its team of over 130 investment professionals manages over $7 billion worldwide for leading institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . With over 30 years of direct investing experience, Patricof & Co. Ventures provides long-term, equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to build growth companies in a wide range of industries including B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business eCommerce, business services, information technology, telecommunications, healthcare, consumer and retail. About Katalyst As the first Full Service Accelerator(TM) (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ), Katalyst drives rapid growth and sustainable value Sustainable Value Sustainable Value is an approach to measure and manage sustainability performance. The concept was developed by researchers who are working today for Queen's University Belfast for New Economy businesses through a unique combination of venture capital, operational execution, and merchant banking expertise. Working side-by-side with the entrepreneur, Katalyst uses its proprietary Net Acceleration(TM) methodology to propel its portfolio companies through all aspects of building businesses. Headquartered in Philadelphia, Katalyst is a privately held firm of more than 50 experienced professionals with operations in New York, Washington, D.C., Boston and London. For more information about Katalyst, please visit www.katalyst.com or call 484-530-1750. |
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