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New Jersey Insider
Venture Capital Firms and
Investment Banks J-P
| Johnson
& Johnson Development Corporation |
| One Johnson
& Johnson Plaza |
| New Brunswick,
NJ 08933 |
| Phone: (732)
524-3637 |
| Larry Pickering |
| President |
|
| Wholly-owned
subsidiary of JOHNSON & JOHNSON> Invests venture capital in
start-up, later stage and acquisition of health-care firms> Preferred
investments minority equity positions where control remains with original
management> No minimum criteria, investments range from $14,000 to $30
million> Tailors investment deal to needs of portfolio companies. |
| Johnston
Associates |
| 181 Cherry
Valley Road |
| Princeton, NJ
08540 |
| Phone: (609)
924-3131 |
| Fax: (609)
683-7524 |
| Robert F. Johnston |
|
President |
|
| Founded
1968 by Robert Johnston> Seed venture capital and investment banking
firm with focus on biotechnology and health care investments> Preferred
investments are $1 million in deal origination in medical technology and
genetic engineering> NJ investments include CYTOGEN, (Princeton,
biotechnology firm which Robert Johnston serves as chairman); other
investments include I-Stat, Immunicon, Biolyte Genex Corp. (protein
products), Spex Group (scientific instruments), Ecogen (microbial
genetics), Sepracor (membrane separation technology), ENVIROGEN (microbe
degradation of toxic waste)> Also invests in leveraged buyouts, and
acts as investment banker in mergers, acquisitions, divestitures, and
restructuring> CEO Robert Johnston previously investment banker with
F.S. Smithers & Co. and Smith Barney B.A. PRINCETON UNIVERSITY,
M.B.A., New York University; other principals include Robert B. Stockman,
previously investment analyst with Narraganset Capital and accountant with
Price Waterhouse, M.B.A. Amos Tuck School at Dartmouth College, B.A.
Harvard; Richard G. Horan, previously with Bank of America, Continental
Illinois Bank, M.B.A. Amos Tuck School at Dartmouth College, B.A.
Dartmouth College. |
| Knickerbocker
LLC |
| 268 Main Street |
| PO Box 159 |
| Gladstone, NJ 07934 |
| Phone: (908) 719-6724 |
| Fax: (908) 719-6725 |
| e-mail: info@knickerbockerllc.com |
| Web Site: http://www.knickerbockerllc.com |
Finn M. W. Caspersen
CEO |
| |
| Private investment
management firm overseeing accounting and investments of various
trusts, foundations and individuals> chairman of Westby Corporation, a
privately held agricultural conglomerate. Headed by FINN M. W. CASPERSEN,
former chairman and CEO of Beneficial Corporation from 1976 to 1998 when
Beneficial merged into Household International, active political
contributor for George W. Bush, BOB FRANKS, CHRISTINE TODD WHITMAN ,past
chairman of NJ Transportation Trust Fund and past co-chairman of
Prosperity NJ and current chairman of NJ Ellis Island Commission>
Gustav Koven, former president of CHASE MANHATTAN Capital, serves as
adviser on venture and equity investments> Investments include
AuthenTec, FL-based firm developing personal identication technology;
Softrax, MA-based provider of operational and financial management
applications for software companies. |
| MBW Venture
Partners |
| 365 South Street |
| Morristown, NJ 07960 |
| Phone: (973) 285-5533 |
| Fax: (973) 295-5108 |
Philip E. McCarthy
Managing Director |
| |
| Founded 1984, over $100
million capital under management, invests in diverse growth industries but
with focus on health care, medical products, biotechnology buyouts,
telecommunications, computer, electronics at all stages of development,
including seed financings and management> Prefers to initiate or be
lead investor, with typical initial investment $1-3 million> NJ
Managing Partner Philip McCarthy previously vice president of Inco Ltd.,
co-founder of several biotechnology companies, served as director LIPOSOME
CO. (Princeton), other biotechnology firms, J.D., B.S. Cornell University. |
| MidMark Capital |
| 466 Southern Boulevard |
| Chatham, NJ 07928 |
| Phone: (973) 822-2999 |
| Fax: (973) 822-8911 |
| Web Site: http://www.midmarkcapital.com |
Wayne Clevenger
Managing Director |
| |
| Venture capital and
investments in stand-alone middle market compnies, primarily
privately-held or spin-offs from larger firms with revenues in range
of $20 million to $150 million with valuations between $20 million to $100
million> Prefers to be lead investor and retain majority ownership
together with management> Preferred industries manufacturing,
systems assembly, distribution, service or retail, avoids business sectors
with high, rapidly changing technology> Wayne Clevenger former
president of Lexington Investment Co. 1985-89, previously at DLJ Capital
Corp. (Donaldson, Lufkin & Jenrette) and Inco Securities Corp., also
former plant manager for Inco Limited, overseeing 500-employee, $50
million industrial battery operation, MBA Columbia University, B.A. Case
Western Reserve University; Denis Newman previously employed for 33 years
at First Boston Corp., including 21 as a managing director, founded
and managed First Boston Investment Group 1981-86, and also
headed International Group, involved in over 200 public offerings and
private placements, M.B.A. Harvard Business School, B.A. Yale University;
Joseph R. Robinson previously vice president of Lexington Investment Co.,
also with Vendex International, SHV Holdings and International Basic
Economy Corp., with extensive management experience in Latin America and
in turnaround and divestment situations, attended Wharton School of
Finance, B.A. Cornell University. |
| Monmouth Capital
Corporation |
| 3499 Route 9 North |
| Freehold, NJ 07728 |
| Phone: (732) 577-9997 |
| Fax: (732) 577-9980 |
| Eugene W. Landy
President |
| |
| Preferred investments firms
with average pre-tax earnings below $500,000, net worth under $5 million,
assets under $10 million> Financing secured by commercial real estate,
investment limit $500,000> Primarily mortgage lender, some equity
investments in publishing, apparel manufacturers. |
| Nassau
Capital |
| 22 Chambers
Street |
| Princeton,
NJ 08542 |
| Phone: (609)
924-3555 |
| Fax: (609)
924-8887 |
| e-mail: nmadden@nassau.com |
| Web Site: http://www.nassau.com |
Randall A. Hack
Senior Managing Director |
|
| Invests in
private companies and assets on behalf of PRINCETON UNIVERSITY $6.3
billion endowment fund> Established 1994 to succeed Princeton
University Investment Company in-house investment operation, maintains
exclusive relationship with Princeton, currently manages $2 billion
portfolio of private equity and real estate investments> Invested since
1995 over $300 million in over two dozen companies and real estate
situations with particular interest in the communications and health care
services industries> Originates and leads buyouts, provides growth
equity, and selectively invests in venture situations and real estate
opportunities, invests in wide range of transactions and industries, also
coinvests in transactions sponsored by others> Transaction types
include management buyouts; growth capital for expansion and strategic
repositioning; corporate divestitures; investment in family-owned
businesses to provide liquidity or facilitate a management transition;
joint acquisitions with corporate partners; recapitalizations of
fundamentally sound companies burdened by excessive debt; selective
investments in early-stage venture capital deals; selective investments in
real estate projects and operating companies> Investment preferences in
firms valued $25 million to $250 million with investments ranging $10
million to $30 million> Portfolio companies include InterLink
Communications (operator of cable television systems located in suburban
and rural markets); KMC Telecom (Competitive Local Exchange Carrier
provides local telecommunication services as alternative to incumbent
local exchange companies); LiveWire (develops and markets wireless billing
software to cellular telephone industry); Petersen Publishing Company
(leading provider of special interest magazines including Motor Trend, Hot
Rod, and Teen); AMERIGROUP (HMO founded 1994 to provide Medicaid and
Medicare recipients with managed health care operates managed care plans
in NJ, IL, and TX); CompHealth (subsidiary of HEALTHSOUTH Corp., nation's
leading provider of temporary placement services for physicians and
therapists); Concentra (formed 1997 through merger of two largest
publicly-traded companies focused on occupational healthcare and managed
care services for workers' compensation) Founding members include Randall
A. Hack, 1990-1994 served as President and CEO of Princeton
University Investment Company with overall management responsibility for
Princeton's multi-billion portfolio of public and private assets;
1988-1990 President and CEO of Capstone Equities, Inc.; and 1979-1988
Founder, President and CEO of MATRIX DEVELOPMENT COMPANY, commercial and
industrial real estate development firm; graduate of Princeton (B.A.,
summa cum laude, 1969) and Harvard (M.B.A., 1972); serves as Director of
OmniCell Technologies, Inc., SweetWater, Inc., Asean Strategic Capital
(Singapore), APAC Holdings Limited (Hong Kong) and Mezzanine Capital
Property Investors> John G. Quigley, broad background in private equity
investing, with experience since 1980 as a founding member of Clipper
Capital Partners; partner of Adler & Shaykin; and attorney with
Kirkland & Ellis in Chicago; director of companies in a variety of
businesses, including specialty retailing, environmental equipment,
underground coal mining machinery and newspaper publishing; graduate of
Georgetown (A.B., summa cum laude, 1976), Stanford (J.D., M.B.A., 1980;
Baker Scholar) and Columbia (M.Phil., 1992), adjunct faculty member in
Finance department at New York University's Stern School of Business. |
| Penny
Lane Partners |
| 1 Palmer Square |
| Suite 309 |
| Princeton, NJ 08542 |
| Phone: (609) 497-4646 |
| Fax: (609) 497-0611 |
Stephen H. Shaffer
Managing Partner |
| |
Venture capital firm
with $30 million under management, also licensed small business investment
company> Preferred investment size: $1 to $2 million in expansion,
later stage, and buyouts in diversified industries> Investments include
CommerceInc., (Internet company that hosts and builds free web sites for
small businesses); Outlast Technologies (distribution/retailing of thermal
regulating fabrics and fibers).
|
| ProQuest
Investments, L.P. |
| 1 Palmer Square |
| Princeton, NJ 08542 |
| Phone: (609) 430-1560 |
| Fax: (609) 430-1127 |
| Web Site: http://www.proquestinvestments.com |
| |
| Sponsored by DOMAIN
ASSOCIATES, makes equity investments in private and small public
healthcare companies focused on treatment of cancer in general and
prostate cancer in particular> Focus on specific disease designed to
take advantage of attractive investment opportunities in market with
significant unmet needs through extensive contacts and relevant expertise
of its managers and advisors> Successfully completed initial May 1999
fund raising, on aggregate capital commitments of $100 million from
leading institutional and individual investors> Invests in
cancer-related companies focused on developing new commercial products and
services, including: biotechnology, pharmaceutical, medical devices,
clinical information and healthcare services> Investment stages ranging
from early stage through fully commercialized companies, taking active
role in management of portfolio companies, expertise of its managers and
advisors to establish strategic partnerships and to raise additional funds
necessary for commercial development> Partners include Jay Moorin,
previously served as CEO of Magainin Pharmaceuticals. a venture-backed
biotechnology company which raised over $150 million in private and public
capital, also prior positions at Bear Stearns, Squibb; Jeremy Goldberg,
entrepreneur with transactional experience as founder of several
healthcare companies, consultant to venture capital fund and in operating
positions at SmithKline Beecham and BECTON DICKINSON; Dr. Alain Schreiber
served as CEO of Vical Inc. venture-backed biotechnology company which
raised over $200 million in private and public capital, developed novel
technology for vaccines, also previously senior vice president research at
Rhone-Poulenc Rorer (now AVENTIS) |
| Prudential
Capital Group |
| 751 Broad Street |
| Newark, NJ 07102 |
| Phone: (973) 802-6000 |
| Mendel Melzer |
| President & CEO |
| |
| Subsidiary of PRUDENTIAL
INSURANCE CO. which manages over $200 billion in capital> Various units
invest in nearly all markets, including venture capital, real estate,
corporate finance in public and private debt equity securities>
Operates through 27 business units> Also acts as asset manager for
other institutions, pension funds, banks. |
JOSHUA
//
Communications, Inc.
- Telephone
- 609-924-6310
- FAX
- 609-924-6380
- Postal address
- PO Box 7183, Princeton, NJ 08543
- Electronic mail
- General Information: info@njinsider.com
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