Ich hab' mir gerade mal was im WO 'ausgeliehen'. Herzlichen Dank an delino
für die Recherche.
Vorneweg: John Baker ist Vorsitzender des Aufsichtsrates der QSC. Und Baker Capital steckt mit 36% in derselbigen. Was interessierte aber wohl ohnehin wissen.
Baker Capital Announces Closing of Fund II Private Equity Fund of $1.1 Billion to Focus on Communications Industry in the United States and Europe
TUESDAY, JULY 18, 2000 10:21 AM
NEW YORK, Jul 18, 2000 /PRNewswire via COMTEX/ -- Baker Communications Fund II, L.P. (BCF II) a private equity fund focused on communications industry investments, today announced its closing on $1.1 billion of commitments. This is the second fund for Baker Capital, bringing total commitments under management to $1.5 billion and creating one of the largest private equity pools focused exclusively on the communications industry.
Baker Capital, the investment manager of the fund, was established in 1995. The general partners of the fund are John C. Baker, Lawrence A. Bettino, Ashley Leeds, Edward W. Scott, Henry G. Baker, Ph.D., Jon I. Grabel, Simon Lee, Faisal Nisar, and Joseph R. Saviano. The firm expects to add additional professionals in the future. Currently the members of the general partner have over 100 years of private equity experience.
The focus of BCF II, consistent with the first fund, is investment in equipment, services and applications in the communications industry. Investment opportunities may include new entrants that compete with incumbent providers, equipment manufacturers with emerging technologies, network applications, or network infrastructure and systems suppliers.
BCF II has an expanded ability to invest up to 40 percent of the total commitments in portfolio companies outside the United States. BCF II will target portfolio companies abroad where deregulation and liberalization are gaining momentum. "The communications market is the most dynamic sector of the global economy and we see many years of continued growth," said John C. Baker, founder of Baker Capital.
The first fund closed in 1997 with $406 million in commitments. It is fully invested in 16 portfolio companies. The general partners are committed to focusing greater attention on fewer number of transactions, providing solutions to complex problems with global implications. Baker Capital`s lead role in all the portfolio company investments and the subsequent success of the first fund have differentiated Baker Capital as a value-added, focused communications investor.
Representative portfolio companies include Advanced Switching Communications, Inc., Akamai Technologies, Inc., Broadview Networks, Connected Corporation, Fort Point Partners, Inc., InterXion Holdings, N.V., QS Communications AG, and Sequoia Software Corporation.
"We chose to partner with Baker Capital because of their depth of experience in competitive data telecommunications services. They were instrumental in assisting us in raising more than $400 million in equity and in making senior level introductions," said Bernd Schlobohm, CEO and co- founder of QS Communications AG.
BCF II is comprised primarily of the first fund limited partners. Original limited partners contributed more than 80 percent of the BCF II commitments. "The State of Michigan Retirement System has committed to Baker Communications I and II and considers this limited partnership to be a leader in the telecommunications space," said Garry Neal, Senior Portfolio Manager of the State of Michigan Department of Treasury.
Limited partners returning for BCF II include investors affiliated with The Hillman Company, University of Texas Endowment, The Mayo Foundation, Middlebury College, TIAA-CREF, State Teachers Fund of Ohio, State Retirement Fund of Michigan, Hospitals of Ontario Pension Plan, AIG, New York Life, Northwestern Mutual Life, Nationwide Insurance, CMS, Lexington Capital, Sempra Energy and Allstate. BCF II also includes many significant new limited partners: Cornell University, Colgate University, Invesco, Mesirow Financial, Chase, Citigroup, Donaldson, Lufkin and Jenrette, and PaineWebber.
Baker Capital has organized an industry advisory board composed of leading entrepreneurial executives and technical experts in the communications industry. Its members will assist the general partners in assessing the importance of emerging industry, technical and regulatory trends, as well as providing a source of deal flow.
SOURCE Baker Capital
CONTACT: John C. Baker, firstname.lastname@example.org, or Tracy K. Chadwell,
email@example.com, both of Baker Capital, 212-848-2000; or Jennifer
Williams, 212-614-4118, or firstname.lastname@example.org, for Baker
(C) 2000 PR Newswire. All rights reserved.
KEYWORD: New York
INDUSTRY KEYWORD: FIN