LP briefs, June 11, 2007

Wisconsin ups its angel, early stage deals

The State of Wisconsin has surpassed the $100 million level in annual angel investments, according to a recent report compiled by NorthStar Economics, the Wisconsin Technology Council, and the State Department of Financial Institutions.

The report, called “Risk Capital in Wisconsin: A Progress Report for 2006,” says that nearly $103 million in early stage risk capital activity was tracked in Wisconsin last year, an increase of 54% over the $67 million invested 2005. The market includes angel networks, individual angel investors, informal angel groups and early stage funds.

The state now boasts 15 active angel networks, which is about 13 more than it had in 2000. Combined, the state’s angel networks invested $7.5 million of the total angel capital invested in 2000.The increase in early stage investments bodes well for the state’s attempts to attract higher amounts of later stage venture investments, says Joe Kremer, director of the Wisconsin Angel Network.

NY pension fund OKs nearly $600M

The New York State Teachers’ Retirement System has approved the following fund commitments: $250 million for Lexington Co-Investment Partners; $150 million for Carlyle Partners V; $75 million for Olympus Growth Fund V, $100 million for Sun Capital Partners V and $8.5 million for Apex Venture Partners V.