Venture capital firms: L.A.-based, ranked by capital under managements.Rustic Canyon canyon Very narrow, deep valley cut by a river through resistant rock and having steep, almost vertical sides. Canyons occur most often in arid or semiarid regions. Some canyons (e.g., the Grand Canyon) are spectacular natural features. See also submarine canyon. Partners continues to lead the list of the largest venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] based in L.A. County. It is followed by technology-focused Clearstone Venture Partners Clearstone Venture Partners is an early stage venture capital firm focused on IT investing with offices in Santa Monica, CA, Menlo Park, CA, and Mumbai, India. Founded in 1997, as Idealab Capital Partners, Clearstone is responsible for the early-stage funding of many successful , which moved up one spot, with $660 million in capital. GRP GRP Group GRP Group (file name extension) GRP Glass Reinforced Plastic GRP Gastrin-Releasing Peptide (biology) GRP Gross Rating Point (advertising) Partners, No. 3 this year, was the most active firm on the list. It made 12 investments in 2005. including two in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. Firms that focus on technology-related investments dominate the list, accounting for more than half of the names on the list. Other investment areas include health care, retail and media. Pacific Venture Group, No. 8 this year, specializes in health care, medical devices, biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and health care information technology. Newly formed Arcturus Arcturus (ärkt  r`əs), brightest star in the constellation Boötes and 4th-brightest star in the entire sky; Bayer designation Alpha Boötis; 1992 position R.A. Capital, No. 20 this year, joins the list
with $32 million in capital. The Pasadena Pasadena (păs'ədē`nə).1 City (1990 pop. 131,591), Los Angeles co., S Calif., at the base of the San Gabriel Mts.; inc. 1866. based firm was formed in late 2004. It invested in nine deals last year, including eight in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Overall, the 20 largest venture capital firms have $5.3 billion in capital under management. Funds are raised from a variety of sources, including 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. , pension plans, corporations, universities and wealthy individuals. THE PACESETTER RUSTIC CANYON PARTNERS The Santa Monica-based firm currently manages $850 million in capital, up $130 million from the previous year. Its first fund was formed in 1999 with $550 million and an investment life through 2007. Its second fund was opened with $170 million and an investment life through 2008. Its most recent fund, Rustic Canyon Fontis Partners, closed last October October: see month. with $70 million. It is a 10-year private equity Rustic: Unterman. fund that will invest in companies that serve non-English speaking populations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As an active investor, Rustic Canyon holds a board seat on each of its portfolio companies and works closely on strategic and organizational development, as well as financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . The firm's focus is on software, semiconductors and information technology. The firm makes a minimum investment of $2 million and prefers to make investments of $3 million to $5 million. Rustic Canyon made 10 investments last year, double its total from 2004. Recent investments include $3 million in InSync InSync™ Cardiology An investigational cardiac resynchronization device that stimulates both sides of the heart and all chambers in Pts with CHF. See Pacemaker. and $3 million in PlayFirst PlayFirst is a San Francisco-based publisher of casual computer games. The company was founded in 2004. PlayFirst's biggest commercial success to date has been the Diner Dash series with its spin-off Wedding Dash, as well as Chocolatier and Dream . One of its largest was in US Renewables renewables npl → erneuerbare Energien pl Group. The company specializes in renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. and clean fuel. It received $80 million from Rustic Canyon as part of an effort to raise $250 million in financing. The firm made three exits in 2005 including two strategic sales and an open market sale of its position in PeopleSupport PeopleSupport Inc. (NASDAQ: PSPT) is a US-based offshore multinational business process outsourcing (BPO) company that provides customer management services, transcription and captioning, and back office support. , a portfolio company that went public in late 2004. Rustic Canyon expects another one of its portfolio companies to go public this year: Loopnet, which specializes in real estate information services See Information Systems. online, has already filed documents with the Securities and Exchange Commission announcing its intention to make a public offering.
Rank Firm Capital Project Profile
(Ranking in 2005) (millions) (millions)
* name * minimum size
* address * preferred size
* Web site * investments (1)
1 Rustic Canyon $850 $2
Partners (1) $3-5
2425 Olympic Blvd., 77
Suite 6050 West
Santa Monica 90404
rusticcanyon.com
2 Clearstone Venture 660 1
Partners (3) 2-5
1351 Fourth St., 70
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (2) 650 2
2121 Avenue of the 5-25
Stars, Suite 1630 61
Los Angeles 90067
grpvc.com
4 AIG SunAmerica 600 1
Ventures (4) 2-5
1 SunAmerica 80
Center, 38th Floor
Los Angeles 90067
sunamericavc.com
5 Palomar 525 2
Ventures (5) 3-5
100 Wilshire Blvd., 40
Suite 1700 Santa
Monica 90401
palomarventures.com
6 Kline Hawkes & 300 3
Co. (6) 5
11726 San Vicente 38
Blvd., Suite 300
Los Angeles 90049
klinehawkes.com
7 ITU Ventures (10) 220 0.1
1900 Avenue of the 15
Stars, Suite 2701 60
Los Angeles 90067
itu.com
8 Pacific Venture 210 1
Group (7) 3-5
16830 Ventura 44
Blvd., Suite 244
Encino 91436
pacven.com
9 Smart Technology 175 2
Ventures (8) 4
1801 Century Park 22
West, Fifth Floor
Los Angeles 90067
stv.com
10 Shelter Capital 165 0.8
Partners N/A
10880 Wilshire 12
Blvd., Suite 1850
Los Angeles 90024
sheltercap.com
11 California 150 $0.5
Technology Ventures $1-3
LLC 20
670 N. Rosemead,
Suite 201 Pasadena
91107
ctventures.com
12 Zone Ventures 135 0.5
241 S. Figueroa 2-3
St., Suite 340 28
Los Angeles 90012
zonevc.com
13 Anthem Venture 100 0.5
Partners (11) 1-4
225 Arizona Ave., 23
Suite 200 Santa
Monica 90401
anthemvp.com
14 Evercore 100 1
Ventures (12) 2.5
11111 Santa Monica 19
Blvd., Suite 1500
Los Angeles 90025
evercore.com
15 GKM Ventures (13) 90 2
11150 Santa Monica 3
Blvd., Suite 825 6
Los Angeles 90025
gkmventures.com
16 Stone Canyon 82 2
Venture Partners 3-4
LP (14) 10
301 N. Canon Drive,
Suite 302 Beverly
Hills 90210
scvp.com
17 Baroda Ventures LLC 75 0.5
2049 Century Park 2
East, Suite 2151 40
Los Angeles 90067
barodaventures.com
18 Palisades 75 0
Ventures (15) 3-5
11766 Wilshire 14
Blvd., Suite 890
Los Angeles 90025
palisadesventures.
com
19 Steamboat Ventures 75 2
3601 W. Olive Ave., 5
Suite 501 Burbank WND
91505
steamboatvc.com
20 Arcturus Capital 32 0.3
350 W. Colorado 0.5-2
Blvd., Suite 215 12
Pasadena 91105
arcturusvc.com
Rank Firm Preferred Industries Companies Recently
(Ranking in 2005) (partial list) Funded
* name
* address
* Web site
1 Rustic Canyon software, InSync, PlayFirst
Partners (1) semiconductors,
2425 Olympic Blvd., services
Suite 6050 West
Santa Monica 90404
rusticcanyon.com
2 Clearstone Venture technology WND
Partners (3)
1351 Fourth St.,
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (2) retail & HealthDatalnsights
2121 Avenue of the restaurants, retail Inc.,
Stars, Suite 1630 technology, mFoundry Inc.,
Los Angeles 90067 financial services & Zag.com Inc.
grpvc.com technology, digital
content management,
business & consumer
services, digital
content
4 AIG SunAmerica wireless Ingenient
Ventures (4) infrastructure and Technologies,
1 SunAmerica services, Internet Touchdown
Center, 38th Floor infrastructure and Technologies,
Los Angeles 90067 services, consumer Stealth Mode Fuel
sunamericavc.com electronics and Cell Co.
applications, data
center
infrastructure,
clean tech
5 Palomar infrastructure Ravenflow Inc.,
Ventures (5) software, networking Woven Systems Inc.,
100 Wilshire Blvd., telecom Edgewater Networks
Suite 1700 Santa infrastructure, Inc.
Monica 90401 wireless solutions
palomarventures.com
6 Kline Hawkes & IT infrastructure, Cyalume
Co. (6) health care
11726 San Vicente services, industrial
Blvd., Suite 300 manufacturing,
Los Angeles 90049 outsourced business
klinehawkes.com services,
environmental
services, education
7 ITU Ventures (10) communications, WND
1900 Avenue of the media,
Stars, Suite 2701 semiconductors,
Los Angeles 90067 software
itu.com
8 Pacific Venture health care WND
Group (7) services, medical
16830 Ventura devices, biomedical,
Blvd., Suite 244 health care IT
Encino 91436
pacven.com
9 Smart Technology wireless N/A
Ventures (8) communications,
1801 Century Park storage, network
West, Fifth Floor infrastructure,
Los Angeles 90067 enterprise software,
stv.com telecommunications
10 Shelter Capital media content and Kryptiq Corp., Veoh
Partners technology Networks Inc.
10880 Wilshire convergence,
Blvd., Suite 1850 enterprise software,
Los Angeles 90024 application
sheltercap.com services, wireless
and other
communication
technologies
11 California IT and life science Kiyon
Technology Ventures
LLC
670 N. Rosemead,
Suite 201 Pasadena
91107
ctventures.com
12 Zone Ventures WND DivX, BiggerBoat,
241 S. Figueroa Lumexis, Siimpel
St., Suite 340
Los Angeles 90012
zonevc.com
13 Anthem Venture software, Thisnext, Buzznet,
Partners (11) semiconductors, Zag, Blurb
225 Arizona Ave., media and Internet
Suite 200 Santa services
Monica 90401
anthemvp.com
14 Evercore wireless, storage, WND
Ventures (12) software, Internet
11111 Santa Monica services
Blvd., Suite 1500
Los Angeles 90025
evercore.com
15 GKM Ventures (13) IT, software, WND
11150 Santa Monica wireless,
Blvd., Suite 825 semiconductors
Los Angeles 90025
gkmventures.com
16 Stone Canyon media, consumer, Blue Lava,
Venture Partners energy, medical Paramount Scaffold,
LP (14) services, Gump's
301 N. Canon Drive, opportunistic
Suite 302 Beverly
Hills 90210
scvp.com
17 Baroda Ventures LLC IT, Internet MediaVast, Xdrive
2049 Century Park
East, Suite 2151
Los Angeles 90067
barodaventures.com
18 Palisades wireless, V-Enable, Apacheta,
Ventures (15) communications, Andigilog
11766 Wilshire broadband,
Blvd., Suite 890 enterprise software
Los Angeles 90025
palisadesventures.
com
19 Steamboat Ventures technology PhotoTLC, Fastclick
3601 W. Olive Ave.,
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital technology V-Enable, zag.com,
350 W. Colorado Xponent Photonics
Blvd., Suite 215
Pasadena 91105
arcturusvc.com
Rank Firm Preferred Source of Funds
(Ranking in 2005) Financing
* name Stage(s)
* address
* Web site
1 Rustic Canyon seed, early, institutions, investors
Partners (1) growth
2425 Olympic Blvd.,
Suite 6050 West
Santa Monica 90404
rusticcanyon.com
2 Clearstone Venture early institutions,
Partners (3) universities, pensions
1351 Fourth St.,
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (2) all institutional investors
2121 Avenue of the
Stars, Suite 1630
Los Angeles 90067
grpvc.com
4 AIG SunAmerica expansion and corporate
Ventures (4) late stage
1 SunAmerica
Center, 38th Floor
Los Angeles 90067
sunamericavc.com
5 Palomar early institutional investors,
Ventures (5) pension plans
100 Wilshire Blvd.,
Suite 1700 Santa
Monica 90401
palomarventures.com
6 Kline Hawkes & expansion institutional investors
Co. (6) stage capital
11726 San Vicente
Blvd., Suite 300
Los Angeles 90049
klinehawkes.com
7 ITU Ventures (10) seed through pension, corporate
1900 Avenue of the late stage
Stars, Suite 2701
Los Angeles 90067
itu.com
8 Pacific Venture early private limited partners
Group (7)
16830 Ventura
Blvd., Suite 244
Encino 91436
pacven.com
9 Smart Technology mid, late private investors
Ventures (8)
1801 Century Park
West, Fifth Floor
Los Angeles 90067
stv.com
10 Shelter Capital early private institutions and
Partners individuals
10880 Wilshire
Blvd., Suite 1850
Los Angeles 90024
sheltercap.com
11 California open N/A
Technology Ventures
LLC
670 N. Rosemead,
Suite 201 Pasadena
91107
ctventures.com
12 Zone Ventures early institutional investors
241 S. Figueroa
St., Suite 340
Los Angeles 90012
zonevc.com
13 Anthem Venture early institutional investors
Partners (11)
225 Arizona Ave.,
Suite 200 Santa
Monica 90401
anthemvp.com
14 Evercore all institutional investors
Ventures (12)
11111 Santa Monica
Blvd., Suite 1500
Los Angeles 90025
evercore.com
15 GKM Ventures (13) series B or institutions, individuals
11150 Santa Monica later
Blvd., Suite 825
Los Angeles 90025
gkmventures.com
16 Stone Canyon series A-B, institutions, high
Venture Partners growth net-worth individuals
LP (14)
301 N. Canon Drive,
Suite 302 Beverly
Hills 90210
scvp.com
17 Baroda Ventures LLC seed, early cash
2049 Century Park
East, Suite 2151
Los Angeles 90067
barodaventures.com
18 Palisades growth institutional investors,
Ventures (15) high net-worth
11766 Wilshire individuals
Blvd., Suite 890
Los Angeles 90025
palisadesventures.
com
19 Steamboat Ventures early- to Walt Disney Co.
3601 W. Olive Ave., mid-stage
Suite 501 Burbank
91505
steamboatvc.com
20 Arcturus Capital early foundations, family
350 W. Colorado office, high-net-worth
Blvd., Suite 215 individuals
Pasadena 91105
arcturusvc.com
Rank Firm Top Local Executive
(Ranking in 2005) * name
* name * title
* address * phone
* Web site
1 Rustic Canyon Tom Unterman
Partners (1) managing partner
2425 Olympic Blvd., (310) 998-8000
Suite 6050 West
Santa Monica 90404
rusticcanyon.com
2 Clearstone Venture Bill Elkus
Partners (3) managing director, founder
1351 Fourth St., (310) 460-7900
Fourth Floor Santa
Monica 90401
clearstone.com
3 GRP Partners (2) Steve Lebow
2121 Avenue of the Yves Sisteron
Stars, Suite 1630 managing partners, founders
Los Angeles 90067 (310) 785-5100
grpvc.com
4 AIG SunAmerica Marc Gamsin
Ventures (4) Troy Fukumoto
1 SunAmerica president/managing director
Center, 38th Floor (310) 772-6000
Los Angeles 90067
sunamericavc.com
5 Palomar James Gauer
Ventures (5) general partner
100 Wilshire Blvd., (310) 260-6050
Suite 1700 Santa
Monica 90401
palomarventures.com
6 Kline Hawkes & Frank R. Kline
Co. (6) managing partner
11726 San Vicente (310) 442-4700
Blvd., Suite 300
Los Angeles 90049
klinehawkes.com
7 ITU Ventures (10) Jonah Schnel
1900 Avenue of the managing partner
Stars, Suite 2701 (310) 777-5900
Los Angeles 90067
itu.com
8 Pacific Venture Layton R. Crouch
Group (7) David L. Dennis
16830 Ventura managing directors
Blvd., Suite 244 (818) 990-4141
Encino 91436
pacven.com
9 Smart Technology David Nazarian
Ventures (8) founding member
1801 Century Park (310) 203-3800
West, Fifth Floor
Los Angeles 90067
stv.com
10 Shelter Capital Arthur Bilger
Partners managing member
10880 Wilshire (310) 234-2300
Blvd., Suite 1850
Los Angeles 90024
sheltercap.com
11 California Alex Suh
Technology Ventures managing director
LLC (626) 351-3700
670 N. Rosemead,
Suite 201 Pasadena
91107
ctventures.com
12 Zone Ventures Frank M. Creer
241 S. Figueroa managing director
St., Suite 340 (213) 628-2400
Los Angeles 90012
zonevc.com
13 Anthem Venture William Woodward
Partners (11) ceo, managing director
225 Arizona Ave., (310) 899-6225
Suite 200 Santa
Monica 90401
anthemvp.com
14 Evercore Austin Beutner
Ventures (12) general partner
11111 Santa Monica (310) 689-0800
Blvd., Suite 1500
Los Angeles 90025
evercore.com
15 GKM Ventures (13) Jonathan Bloch
11150 Santa Monica John Morris
Blvd., Suite 825 managing partners
Los Angeles 90025 (310) 268-2637
gkmventures.com
16 Stone Canyon Michael Siebert
Venture Partners managing director
LP (14) (310) 432-5180
301 N. Canon Drive,
Suite 302 Beverly
Hills 90210
scvp.com
17 Baroda Ventures LLC David Bohnett
2049 Century Park managing member
East, Suite 2151 (310) 277-2511
Los Angeles 90067
barodaventures.com
18 Palisades Paul D'Addario
Ventures (15) senior managing director
11766 Wilshire (310) 996-7696
Blvd., Suite 890
Los Angeles 90025
palisadesventures.
com
19 Steamboat Ventures John R. Ball
3601 W. Olive Ave., managing director
Suite 501 Burbank (818) 566-7400
91505
steamboatvc.com
20 Arcturus Capital Stephen Watkins
350 W. Colorado Stevan Birnbaum
Blvd., Suite 215 managing directors
Pasadena 91105 (626) 578-5700
arcturusvc.com
N/A--Not Applicable WND--Would Not Disclose
(1) Number of companies invested in since inception.
Note: Information on this list was provided by representatives of the
firms themselves. In order to qualify, venture capital firms must be
headquartered in Los Angeles County. Firms are ranked by the amount of
capital under management companywide and the number of projects
completed since inception, respectively. To the best of our knowledge,
this information is accurate as of press time. While every effort is
made to ensure the accuracy and thoroughness of the list, omissions and
typographical errors sometimes occur. Please send corrections or
additions on company letterhead to the Research Department, Los Angeles
Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036.
[c] 2006 Los Angeles Business Journal. This list may not be reprinted
in whole or in part without prior written permission from the editor.
Reprints are available from Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion