o U.S. Venture Partners to Close Soon on $1 Billion Fund

MENLO PARK, Calif. -- U.S. Venture Partners (USVP),
a venture capital fund, said it expects to close
a $1 billion fund soon. USVP, founded in 1981, focuses
on early stage opportunities in Internet, communications,
software, semiconductors, medical and consumer branded
sectors. To date, the company has invested over
$700 million in 240 early stage companies.
http://www.usvp.com/
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o Adams Capital Management Closes Third Fund for $420 Million

SWEICKLEY, Penn. -- Adams Capital Management said
it closed its third fund with $420 million, bringing
its total under management to $700 million. The
firm said its original fundraising goal for its
new fund was $300 million. Investors in the fund
include Allegheny Technologies, Erie Indemnity,
Ft. Washington Investment Advisors, Invesco Private
Capital, State Teachers Retirement System of Ohio,
and the University of Richmond. The firm said the
new fund would increase its level of investment
and invest between $15 million and $30 million per
company in some 20 portfolio firms. Adams Capital
said it invested $7.5 million from its new fund
in Intrinsity, an Austin, Texas-based fabless semiconductor
company.
http://www.acm.com/
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o Security Firm Appgate Raises $10.2 Million Third Round

STOCKHOLM, Sweden -- Bure Equity, which provides
consulting and incubator services, said it invested
SEK 7 million ($716,000) in security company Appgate
as part of a $10.2 million third round. ABN Amro
and GE Equity also invested in Appgate. Together
with its existing indirect holdings, which it owns
through CR&T and Innovationskapital, Bure Equity's
ownership in Appgate now amounts to 42.5 percent.
Appgate was originally part of CR&T, a Bure-owned
company. The company said it would use the funds
to expand into the U.S. and Great Britain. Appgate's
product is a security program which protects networks
against attacks from within and allows the system
administrator to define rights of access at a very
detailed level. T-Venture, the corporate venture
capital arm of Deutsche Telekom, took a 10% equity
stake in Appagate in its second round in January.
In its first round AppGate sold a 10% stake to Norwegian
Fund for $1.4 million.
http://www.appgate.com/
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o Information Management Firm PurpleYogi Has $13.8 in Series D

MOUNTAIN VIEW, Calif. -- PurpleYogi, a creator of
distributed information management software called
Discovery Systems, said it completed its Series
D round of funding with $13.8 million, led by At
India. H&Q Asia Pacific is a lead investor in and
strategic partner for At India. Previous investor
Softbank Venture Capital participated, as did Infosys
Technologies and individual investors. The company
will use the funds to expand its product, sales,
and development team.
http://www.purpleyogi.com/
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o Visual Search Engine for Web, Room102.com, Launches

HOUSTON, Texas -- Room102.com, a visual search engine,
announced its launch. Room102.com enables Web users
to preview snapshots of Web sites before actually
loading them into their browser. The company shows
pictures as opposed to text to show what a Web site
includes. The company was founded by Jeff Morgenthaler,
who is also the company's president and CEO. Mr.
Morgenthaler was previously an attorney at Frontera
Resources, an oil and gas startup. The company has
raised $1.5 million from individual investors.
http://www.room102.com/
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o Online Stock Distributor EO Acquires Online Issuer EPO.com

LONDON -- EO, an online share distribution platform
for retail investors, said it entered into an agreement
to acquire EPO.com, an online issuing house specializing
in electronic public offerings. The amount of the
deal was not disclosed, but the acquisition took
place as an all share transaction valuing EO shares
at GBP 1.50 each ($2.18). Ola Lauritzson, current
CEO of EPO.com, has been asked to join the EO board
as marketing director. EO is backed by GlobalNetFinancial.com
and New Media Spark. EPO.com's investors include
BancBoston, Zebank, Catella IT, and Catalyst Fund
Management & Research.
http://www.eo.net/
http://www.epo.com/
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o New Partners, Principals Named at General Atlantic Partners

GREENWICH, Conn. -- General Atlantic Partners, a
private equity firm, said it has appointed Braden
Kelly, Tom Tinsley, and Florian Wendelstadt as partners.
Mr. Tinsley is the former chief executive officer
and chief operating officer of Baan Company. Mr.
Kelly serves on the board of HEALTHvision and Predictive
Systems. Mr. Wendelstadt, a former associate at
Bain & Company, was more recently a principal at
General Electric. In addition to naming new partners,
the company said it has appointed Vince Feng, Drew
Pearson, Bill Hildebolt and Phil Trahanas as principals.

http://www.gapartners.com/
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