One might expect a private-equity firm that just raised billions of dollars to invest in fast-growing technology companies to focus on the highest-profile tech hubs for prospective targets.
Dave Welsh, head of KKR's technology, media, and telecom growth-equity unit, said the firm will explore investment opportunities in areasuch as Florida, the greater Washington, D.C., area and Atlanta, as well as the Rocky Mountain region in Colorado and other regions throughout the Midwest. Just last year, Blackstone recruited one of the top executives at the growth equity firm General Atlantic, to launch a new fund for the firm, called Blackstone Growth Equity. There,While KKR's growth-equity division has a few tech portfolio companies in the Bay Area, Welsh said that most of the companies it has invested in are not in Northern California because of the fierce competition for talent there, as well as valuations that "can get crazy.
Welsh joined KKR in 2016 from Adams Street Partners to focus on growth-equity investing and works on a team alongside 19 investment professionals. "Now, every major university has big engineering programs," said Welsh. "Any city that has a major university or two around it can have good tech talent." At the same time, private-equity investment dollars have been pouring in from large investors, such as pension funds, sovereign wealth funds, and wealthy individuals, with the number of unused investor dollars in the PE industry ballooning into the trillions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Is that Joaquin Phoenix from the future
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The New Beer Barons: How Two Scottish Kids Turned Wild Flavors, Crowdfunding And Plenty Of Attitude Into A $2 Billion BusinessJames Watt and Martin Dickie built a multinational $2 billion beer empire from a Scottish shed. To survive, they are pivoting toward higher margin, beer-centric businesses. nickwiger
Source: Forbes - 🏆 394. / 53 Read more »
The New Beer Barons: How Two Scottish Kids Turned Wild Flavors, Crowdfunding And Plenty Of Attitude Into A $2 Billion BusinessJames Watt and Martin Dickie built a multinational $2 billion beer empire from a Scottish shed. To survive, they are pivoting toward higher margin, beer-centric businesses.
Source: Forbes - 🏆 394. / 53 Read more »
The New Beer Barons: How Two Scottish Kids Turned Wild Flavors, Crowdfunding And Plenty Of Attitude Into A $2 Billion BusinessJames Watt and Martin Dickie built a multinational $2 billion beer empire from a Scottish shed. To survive, they are pivoting toward higher margin, beer-centric businesses. James Watt and Martin Dickie built a multinational $2 billion beer empire from a Scottish shed. To survive, they are pivoting toward higher-margin, beer-centric businesses The brewdog story. Love to hear it 👍🏿 Who needs help
Source: Forbes - 🏆 394. / 53 Read more »
Under fire in India, Amazon offers small business owners $1 billion olive branchUnder fire in India, Amazon CEO offers small business owners $1 billion olive branch during a goodwill visit by Sankalp_sp AdityaKalra He is a f****** freak Lol this is the 1% in the world. They operate by just trying to throw money at people until they get thier way. Imagine if you didnt have to pay ANY taxes in the US. sankalp_sp adityakalra 😱 FUNNIEST VIDEO ON YOUTUBE!!! WATCH THIS NOW!!! 🤣🤣🤣
Source: Reuters - 🏆 2. / 97 Read more »
Why Energy Impact Partners fund is investing in consumer tech - Business InsiderA partner at a $1.2 billion fund told us a 'fundamental paradigm shift' is reshaping the way consumers think about energy. Here are 3 startups he's betting will benefit.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Comcast is aiming to lead in the $32 billion sports tech market - Business InsiderComcast just launched a startup accelerator to help it grab a slice of the $32 billion sports-tech industry — and entrepreneurs looking for funding in 2020 should take note
Source: BusinessInsider - 🏆 729. / 51 Read more »