Tenaya Capital
| Tenaya Capital logo | |
| Private | |
| Industry | Private Equity |
| Predecessor | Lehman Brothers Venture Partners |
| Founded | 1995 |
| Headquarters | Woodside, California, USA |
| Products | Venture capital |
| Total assets | ~ $750 million |
| Website | www.tenayacapital.com |
Tenaya Capital is a venture capital firm with offices in Menlo Park, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy.[1] To date, Tenaya has raised five funds representing over $1 billion of committed capital.[citation needed] The firm currently has approximately $750 million under management.[2]
Contents
Investments
Tenaya Capital invests in a wide range of technology segments, including Internet and consumer, communications, semiconductors and electronics, software and systems, and cleantech.[citation needed] Tenaya generally invests in a startup's second or third institutional round, at a point when the company has a product or service that has started to generate market traction. However, the firm does make earlier- or later-stage investments on a selective basis.[citation needed]
Current investments include Kayak.com, Mark Logic,[3] LifeSize, Kontera, Zappos.com, TeleNav, ShoreTel, Qunar.com, PowerReviews, Tumri, and Zuora. Past investments include comScore (NASDAQ: SCOR), Isilon Systems (NASDAQ: ISLN), Navini (acquired by Cisco Systems), SideStep (acquired by Kayak.com), and Valere (acquired by Eltek).[citation needed]
Lehman Brothers bankruptcy and LBVP spin out
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On September 15, 2008, Lehman Brothers filed for bankruptcy protection. As part of the liquidation process, Lazard was appointed to sell certain interests in Lehman Brothers Venture Partners and its other private investment units.[4][5]
In January 2009, HarbourVest Partners, a Boston private equity fund of funds, financed the spinout of Tenaya, acquiring Lehman's existing investment and unfunded commitments to Tenaya venture funds.[1]
See also
References
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- Tenaya Capital (company website)
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Private equity and venture capital investment firms
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This article about a private equity or venture capital firm based in the United States is a stub. You can help Wikipedia by expanding it. |
- ↑ 1.0 1.1 Lehman to Spin Off Venture-Capital Arm. Wall Street Journal, February 24, 2009
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- ↑ Lehman Brothers Plans Private-Equity Spinoff. Wall Street Journal, January 9, 2009
- ↑ Lehman Brothers Merchant Banking In Limbo. IDD Magazine, September 15, 2008
- Pages with reference errors
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- Articles with unsourced statements from November 2014
- Companies based in Menlo Park, California
- Privately held companies based in California
- Venture capital firms of the United States
- Lehman Brothers
- Companies established in 1995
- United States private equity firm stubs
