PE Week Wire - Friday, August 26
Summary
Par for the course… Prospects: The only poll I’ve seen so far comes from Rasmussen Reports, which puts Weld way behind likely Democratic Party nominee Elliot Spitzer, and also behind GOP primary foe Tom Golisano (founder of Paychex Inc.). www.apep.com , a New York-based company focused on letting mobile phone users share time and location-based information, has raised $5 million in Series A funding from Bain Capital Ventures and Sigma Partners. www.pervasistx.com MediHome Ltd., a UK-based provider of acute nursing care services to patients in their own homes, has raised Gbp250,000 in funding from the Thames Valley Inv*stment Network, a business angel group operating in Reading and surrounding areas. The firm already has nearly $360 million in committed capital from such groups as New York State Teachers’ Retirement System, the GM Hourly-Rate Employees Pension Plan, Mellon Bank and the Georgia-Pacific Corp. Master Trust. The news comes about one week after this space reported that at least seven brand-name limited partners has opted not to re-up, due mostly to a combination of lousy returns and a serious disagreement over the way in which Mayfield went about paying off clawback liabilities on its eighth and ninth funds.
