We are the first fund that invests in core-level infrastructure of the new generation economy.
Manning formed a broker dealer, lured institutional investors and floated his first fund for them--on Black Monday, Oct. 19, 1987.
Yet they are locked in because they may have borrowed from their firm in order to commit to their first fund.
If a private-equity firm's first fund performs well, its second and third will probably do likewise even more so in venture capital than in buy-outs.
Logan Advisors was hired in 2000 to manage part of the portfolio in Patriarch's first fund and was promised a monthly fee and a back-end success fee.
Called the CQS Rig Finance Fund, it's the world's first fund that invests in bonds sold by companies--many of them Norwegian--to build and upgrade offshore oil rigs.
One top-of-mind concern for LPs is the motivation level of the younger partners at some PE firms, particularly partners whose first fund may have been from a peak market vintage.
But recently, Pioneer Investments, an American fund-management firm, opened the first mutual fund to give individuals exposure.
He had been through this in the 1970s when Vanguard launched the first index fund.
Alfred Winslow Jones is widely credited with founding the first hedge fund, in 1949.
Indeed, we could in fact call him one of the first hedge fund managers.
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"It used to be the occasional transaction, " says Wonneberger, who worked his first hedge fund-backed loan in 1997.
It was the first index fund provider and they remain the largest.
In 1992, the year First Reserve launched its first buyout fund, Macaulay found himself in a Texas courtroom over one of his investments.
Other investors that participated in this round include Draper Associates, First Step Fund, Michigan Economic Development Corporation, and Automation Alley.
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The first big fund to outsource was PIMCO back around 2000, said Pete Cherecwich, head of global fund services business unit at Northern Trust.
APAX's first German fund, launched in 1991, attracted no local money.
The firm invested in Instagram through its first venture fund.
It cut commissions in the 1970s when others were raising them, offered one of the first mutual fund supermarkets in the 1980s and discount online trading a decade later.
His first hedge fund, Gotham Partners, was wound down in 2002 after a big bet on a golf course venture turned sour and investors asked for their money back.
Then this week, the Chinese securities regulator approved the country's first gold fund designed to invest in overseas-listed gold ETFs, a move analysts interpreted as another bullish sign for gold.
"It is too early to offshore a new industry before it is born, " says Andrew Grove, an Intel Corp. founder and one of the first to fund stem-cell study despite the feds' ban.
In 2007, Brown Rudnick became an investor in the first Seedcamp fund (www.seedcamp.com) and I became heavily involved with that process, currently serving as a legal advisor to Seedcamp on selected issues and as a member of its Advisory Board.
"It is too early to offshore a new industry before it is born, " says Andrew Grove, an Intel Corp. (nasdaq: INTC - news - people ) founder and one of the first to fund stem-cell study despite the feds' ban.
Another fund targeting such small European companies is the First Eagle SoGen Overseas fund ( SGOIX) , managed by Charles de Vaulx and Jean-Marie Eveillard.
They also presented the details of the permanent bailout fund first unveiled a month earlier.
Calpers said its rewritten investment criteria make it the first public pension fund to look beyond traditional economic factors.
He invested in burgeoning overseas economies long before it was fashionable, launching the first emerging markets fund available to U.S. investors in 1954.
Mr. Baish, for instance, looks first at a fund's performance to get a sense for whether it might produce the sort of returns his clients need.
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