Venture Capitalist Matthew T. Cowan Joins BayStar Capital as a General Partner; Cowan Brings Private Equity Experience to Successful Technology Investment Firm.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 16, 2001 BayStar Capital, a leading crossover investment firm targeting investments in both public and private companies, today announced that Matthew T. Cowan has joined the firm as a General Partner. Cowan brings extensive private equity investment experience and relationships with technology industry executives that will be extremely valuable to both the management and growth of BayStar Capital and the development of its portfolio companies. "We are delighted to have Matthew join the BayStar Capital team. His background and track record will allow us to significantly expand our private equity operations," said Lawrence R. Goldfarb, a General Partner at BayStar Capital. "Adding quality investment talent will strengthen BayStar Capital's capabilities and increase our value proposition." Cowan joins BayStar Capital after founding the private equity group at Bowman Capital, a Silicon Valley investment firm, where he worked since 1998. Before joining Bowman, Cowan was a director in Intel's corporate business development group. At Bowman Capital, Cowan was responsible for private investments in Sycamore Networks, (SCMR SCMR Supply Chain Management Review SCMR Society for Cardiovascular Magnetic Resonance SCMR Software Configuration Management Record SCMR Symmetrical Compact Microstrip Resonator SCMR Service Control Manager Remote ) Arrowpoint Communications (acquired by Cisco Systems:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), ONI ONI abbr. Office of Naval Intelligence Noun 1. ONI - the military intelligence agency that provides for the intelligence and counterintelligence and investigative and security requirements of the United States Navy Systems (ONIS). At Intel, Cowan oversaw investments in Geocities (acquired by Yahoo! YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) and Sportsline. About BayStar Capital BayStar Capital is a private equity crossover fund Crossover Fund An investment fund that invests in both public and private equity. Notes: These funds are typically high yield/high growth funds. See also: Hedge Fund, Mutual Fund that makes direct investments in privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and growth-oriented publicly traded companies in the technology and life science industries. BayStar Capital is headquartered in San Francisco. |
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