Morgenthaler

Last updated
Morgenthaler
Company type Private ownership
Industry Private equity
Founded1968;56 years ago (1968)
FounderDavid Morgenthaler
HeadquartersMorgenthaler Ventures - Information Technology: Menlo Park, California, United States

Morgenthaler Ventures - Life Sciences: Palo Alto, California, United States

Morgenthaler Private Equity: Cleveland, Ohio, United States
Products Venture capital, leveraged buyouts
Total assets $2.8 billion (total Capital raised since inception)
Number of employees
30+
Subsidiaries Morgenthaler Ventures, Morgenthaler Partners
Website www.morgenthaler.com

Morgenthaler is one of the oldest private equity investment firms in the US investing through both venture capital and leverage buyout transactions. Morgenthaler operates two connected private equity businesses: [1]

The firm which was founded by David Morgenthaler in 1968, is based in Cleveland with offices in Menlo Park, California, Boston, and Boulder, Colorado.

Investment funds

Since the 1980s, when Morgenthaler began raising private equity funds from institutional investors in the early 1980s, the firm has raised over $2.8 billion of investor commitments.

Historically, Morgenthaler funds have made both venture capital and leveraged buyout investments out of the same fund. In November 2008, Morgenthaler Ventures exceeded its fundraising goal and closed its ninth fund (Morgenthaler Venture Partners IX) at slightly more than $400 million. MVP IX is the first Morgenthaler fund to focus solely on venture capital investments. By comparison, Morgenthaler Ventures was allocated approximately $315 million to invest in the previous fund. [2]

In August 2013, General Partners Gary Little, Rebecca Lynn, and Gary Morgenthaler formed a new and separate firm called Canvas Venture Fund with an inaugural $175M early-stage IT-only fund. These three general partners continue to serve on the boards of their Morgenthaler portfolio companies, including Lending Club (the fourth largest Internet IPO since 2001 behind Facebook, Twitter and Google), MuleSoft, Evernote, Doximity, etc. They were later joined by Paul Hsiao, a 10-year partner at NEA, in May 2014. Canvas was named the No.1 "VC Firm to Watch" by Forbes on its 2015 Midas List. [3]

Related Research Articles

Private equity (PE) is stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms, rather than the companies in which they invest.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. TPG became a public company in January 2022, trading on the NASDAQ under the ticker symbol “TPG”.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

Goldman Sachs Asset Management Private Equity is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986.

Thomas H. Lee Partners, L.P. is an American private equity firm headquartered in Boston. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions.

Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and Singapore.

<span class="mw-page-title-main">Private equity firm</span> Firm that invests in privately held companies

A private equity firm or private equity company is an investment management company that provides financial backing and makes investments in the private equity of a startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities, but on rare occasions a private equity firm may purchase the majority of a publicly listed company and delist the firm after the purchase.

CCMP Capital Advisors, LP is an American private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31, 2006. CCMP has invested approximately $12 billion in leveraged buyout and growth capital transactions since inception. In 2007, CCMP was ranked #17 among the world's largest private equity funds.

<span class="mw-page-title-main">History of private equity and venture capital</span>

The history of private equity, venture capital, and the development of these asset classes has occurred through a series of boom-and-bust cycles since the middle of the 20th century. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel, although interrelated tracks.

<span class="mw-page-title-main">Early history of private equity</span>

The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.

<span class="mw-page-title-main">Private equity in the 1980s</span>

Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.

<span class="mw-page-title-main">Private equity in the 1990s</span>

Private equity in the 1990s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital, experienced growth along parallel although interrelated tracks.

<span class="mw-page-title-main">Private equity in the 2000s</span>

Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.

Harvest Partners is a private equity firm focused on leveraged buyout and growth capital investments in middle market industrial, business services, consumer and retail companies.

Brentwood Associates is a private equity firm in the US with groups focusing on leveraged buyout.

Lightyear Capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies.

Metalmark Capital, formerly Morgan Stanley Capital Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. Metalmark was acquired by Citigroup Alternative Investments in December 2007.

<span class="mw-page-title-main">Riverstone Holdings</span> American multinational private equity firm

Riverstone Holdings is a multinational private equity firm based in New York City focused on leveraged buyout, growth capital, and credit investments in the energy industry and electrical power industry sectors. The firm focuses on oil and gas exploration, midstream pipelines, electricity generation, energy and power services, energy and power technology, and renewable energy infrastructure and technology. Riverstone has raised approximately $41 billion since the firm's inception in 2000.

<span class="mw-page-title-main">Baring Vostok Capital Partners</span>

Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including oil and gas, consumer products, media and technology, telecommunications and financial services.

<span class="mw-page-title-main">Rebecca Lynn (venture capitalist)</span> American venture capitalist

Rebecca Lynn is an American venture capitalist. She is the co-founder and general manager of Canvas Ventures, an early-stage investment firm based in Portola Valley, California.

References

  1. Robin Bellas (partner at Morgenthaler Ventures), Lecture to Stanford University Entrepreneurship Students, 2004-10-06
  2. Morgenthaler Ventures closes ninth fund on $400m Archived 2009-01-31 at the Wayback Machine . November 2008
  3. "8 Up-And-Coming Midas List Firms". Forbes .

Further reading