August 21, 2013 - In our last edition of Foreign Exchange Insights, we discussed how Central Bank Policies have impacted Foreign Exchange rates. We discussed the recent measures the European Central Bank took, as well as those taken by the Japanese Central Bank. In this edition we are going to continue with our Central Bank focus, but we will focus on the steps the US Federal Reserve Bank is taking. We will discuss the impact that it is having on the FX Markets.
August 20, 2013 - There are several different forms of venture debt, and stepping back and viewing the issue at a high level makes sense in helping to understand the whole. Venture debt ostensibly refers to debt financing which is offered to companies who have a professional investor as a significant equity-holder in the company.
August 6, 2013 - Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London that could seat up to 1,000 bettors. The bear was attached to a post in the pit and several English bulldogs were tossed in to carry out the “worrying” cited above.
June 30, 2013 - In Q2 2013, there were 84 venture backed M&A transactions with $3.0B in disclosed deal value. Number of transactions continued to decline by 8% on a rolling four quarter basis, while disclosed value also fell by 17%. The fall in disclosed value may partly be due to a decline in the percentage of deals with disclosed value from 24% to 22% over the same time period.
June 30, 2013 - There were 913 venture capital deals in the US in Q2 2013 totaling $6.7B. This represents an increase over Q1 2013, but continues a slight decline of 3% in dollars raised on a rolling four quarter basis. 302 of the deals in Q2 2013 were first time financings, which totaled $1.1B. First time financings as a percentage of all venture deals increased slightly from Q1 2013 to represent 33% of deals and 17% of dollars raised.
June 30, 2013 - In Q2 2013, 44 US venture capital funds raised $2.9B, which was a 4% decrease in number of funds and an 18% fall in capital raised on a rolling four quarter basis. Consequently, average fund size also fell 15% to just $82MM.