With the hiring of two former executives from Goldman Sachs Group Inc. and Warburg Pincus, Carlyle Group has strengthened its fledgling Ireland team, a move that follows the recent closing of the firm’s first fund dedicated to deals in the country.

The Nasdaq-listed firm said on Thursday that it has hired Peter Garvey and Jonathan Cosgrave, both Irish nationals, as directors of the Carlyle Cardinal Ireland Fund, a new €292 million fund that closed earlier this month.

The fund was raised in conjunction with Dublin-based investment firm Cardinal Capital Group, and invests in small and medium-sized businesses in the country.

Garvey joins from the private equity team of Goldman Sachs Asset Management in London, where he most recently worked as an executive director focused on secondaries and co-investments. He joined the bank in 2007 from management consultancy McKinsey & Co., where he advised financial institutions and private equity firms.

Source: Financial News


Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Goldman Sachs Group Inc., Warburg Pincus, Carlyle Group, Ireland, Nasdaq, Peter Garvey, Jonathan Cosgrave, Carlyle Cardinal Ireland Fund, Dublin, Cardinal Capital Group, Goldman Sachs Asset Management, London, McKinsey & Co.


Venture capital firms are poised to inject $788 million into early stage cybersecurity startups in 2014, according to PrivCo, the source for business and financial research on major privately-held companies.

This investment amounts to a 74% increase from last year’s $452 million.

If you follow cybersecurity trends, it’s easy to understand why VCs fat cats are throwing money around. For one thing, the threat landscape continues to become increasingly dangerous. In fact, ESG research indicates that 57% of security professionals working at enterprise organizations (i.e. more than 1,000 employees) believe that the threat landscape is “significantly worse” or “somewhat worse” than it was 2 years ago (note: I am an ESG employee). So large organizations clearly need help and there are rich rewards waiting for cybersecurity vendors that can come to their aid – after announcing better than expected financial results, Check Point and Fortinet shares are trading at or near a 52-week high.

Source: Network World


Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Early Stage Cybersecurity Startups, PrivCo, Check Point, Fortinet.


Carlyle Group Doubles Its Second-Quarter Earnings from YTD

July 30, 2014

Highlighting the growth potential of Carlyle Group LP’s private equity business in Europe, the private equity company has doubled its earnings in the second-quarter from a year earlier as one of its European buyout funds started paying performance fees. While two U.S. buyout funds accounted for more than half of all of Carlyle’s performance fees […]

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Mark Burton Joins Blackstone as Principal

July 29, 2014

Mark Burton, who previously spent 11 years at Goldman Sachs Group Inc., has been appointed by an American multinational private equity firm Blackstone Group LP to oversee the private equity firm’s real estate secondaries business. Burton, who previously spent 11 years at Goldman Sachs Group Inc. (GS:US), will be a principal in Blackstone’s Strategic Partners […]

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Intel Capital Leads a $10M Series B Funding Round for Intigua

July 28, 2014

Intel Capital, a venture capital and private equity arm of Intel Corporation, has led a $10 million series B funding round for Intigua, the first company to enable software-defined operations using advanced container technology. Existing investors Bessemer Venture Partners and Cedar Fund also participated in the round, which brings the total invested capital to $21 […]

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Healthscope Prices Its Public Offering

July 25, 2014

One of Australia’s leading private healthcare services providers Healthscope, has priced its IPO at $2.10 per share, which is at the higher end of the price range, and raised around $2.25 billion in total. The price values the company, Australis’s second biggest private hospital operator, at nearly 22 times 2015 forecast earnings. That is a […]

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Venture Capital Firms Pour $788M into Early-Stage Cybersecurity Startups in 2014

July 24, 2014

Early-stage cybersecurity startups to receive the amount of $788 million from venture capital firms during 2014. That’s a 74% increase from last year’s $452 million, according to PrivCo, a financial data provider on privately-held companies. In 2011, VC firms invested just $160 million in cybersecurity startups. PrivCo estimates the funding will be dispersed among about […]

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Credit Suisse and Fidelity to Team Up for Easier Access to IPOs

July 23, 2014

Fidelity Investments is moving to ensure that its retail customers can get a piece of the action, with initial public offerings continuing to stream out of Wall Street’s pipeline in 2014. The agreement between the Swiss bank and Fidelity comes as US-listed IPOs reach their highest year-to-date levels since 2000. It will give Fidelity’s brokerage […]

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Nordic Private Equity Firm Raises €2B in Three Months

July 8, 2014

After less than three months on the road, Altor, a Nordic private equity firm, has raised the amount of €2 billion for its fourth buyout fund. Most of the capital was raised from Altor’s existing LPs and only “a select few” new investors were invited, said the firm. Nordic investors provided 20 per cent of […]

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Google Ventures to Open a London Office

July 2, 2014

The venture capital investment arm of Google Inc. and provides seed, venture, and growth stage funding to technology companies Google Ventures, is planning to open a London office. Its founding partners will be investors Peter Read and Tom Hulme, policy wonk Rohan Silva, product and marketing executive Eze Vidra and one other as-yet unidentified woman, […]

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