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The Pandora Effect: Will We See More Music-Related Tech Deals?
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 Imagine if you invested in RootMusic, which recently raised a $2.3 million round. You’d get to go to their San Franciso digs and listen to music all day. Just last week, Pandora Media registered to raise $100 million in an IPO. Yesterday, TuneUp added $2 million to its Series C round. Will that and other recent music investment activity spark more investment interest in the sector? Actually, most VCs have avoided the music industry and its c...
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peHUB Second Opinion
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 Tablet Wars: Why Apple still manages to out-price its competition. No Lawyers: Why start-ups are still better at attracting rock star talent. Getting Ahead: Downward dog position is the key to getting ahead on Wall Street, from Dealbreaker. Flight Attendants, Bus Drivers: The most dangerous jobs you'd think would be safe. On Wall Street: Lehman Brothers tricked JPMorgan into holding collateral that they described as "goat poo." Going Public: HCA will likely price its IPO at $30 a share next week (and then comes the huge $2 bln payout for KKR, Bain and BofA). Dinner with Obama: A seating chart of last night's dinner, displays Silicon Valley's pecking order. Read more »
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The Mekong Enterprise Fund, a lower middle market PE fund focusing on Vietnamese investments, exited its Minh Phuc Printing and Packaging Co. to a Vietnam investor. Thomas Lanyi, a director with the fund, worked on the transaction. The fund is in the divestment process of six of its 10 investments, it has already sold four. Read more »
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THL Credit Inc. participated in the recap of Pomeroy IT Solutions, a portfolio company belonging to Platinum Equity. Specifics on the transaction were not publicized. Platinum acquired the company in a 2009 take-private. Read more »
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J-Dubs Redux: Beaten, Abandoned, & Left For Dead, J.W. Childs Is Back
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 But the firm sees the SPAC as a bridge back to the LP-supported fund market. Childs is committed to raise a proper fourth fund, and if it does so, founder John Childs is giving up some control (apparently, he’s been reluctant to do so in the past), transitioni...
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Where Have All the Financings Gone?!?!
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 But as we talk to numerous financing providers, including senior lenders, finance companies, mezzanine funds, BDCs, and hedge funds, they all report a disappointing lack of activity. The deals they’re seeing tend to be of lower quality, leaving them with little to do except hope this tren...
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And The Winner Is: Omaha School Employees Has Top Alternative Assets Return
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 This is according to Preqin Ltd., which released a report Friday comparing returns and naming the five most popular private equity fund managers. Second on the list for best returns was El Paso Firemen & Policemen’s Pension, with a 4.95% payback and third was th...
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Halsey Minor Sticks It to Virginia, Again
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 The reason? Carter’s Grove, an historic, Georgian-style mansion in Williamsburg that Minor agreed to buy from Colonial Williamsburg in late 2007 for $15.3 million. After Minor failed to pay Colonial Williamsburg two last payments totaling $3.5 million on the property — he says he refused based on damages that were never disclosed to him – the national landmark was schedule to be sold ...
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Yep, Cuban Is Right about Internet Pyramid Scheme — peHUB Poll
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  We asked you to weigh in on Connie Loizos's post about Mark Cuban's take on the mania over certain Internet companies, such as Facebook, Twitter and Zynga. Cuban says we’re really not in a new Internet bubble. Instead, we’re seeing “the 2011 version of a private equity chain letter.” The early investors in these companies will do just fine, but the last VC who comes in at an insane valuation is going to be left holding the bag, Cuban says.
So far, more than 1,200 of you have taken our survey. (It's still open. If you want to get in on the action, scroll down to the bottom of this post.) You overwhelmingly answered yes to Question 1: "Mark Cuban says the current mania over certain Internet companies (such as Twitter and Facebook) isn't a bubble, but more like "a private equity chain letter.” And some sad sack is going to end up holding the bag. Is he spot on or off the mark?" At last count, 1,175 of you (or 94.2%) said Cuban was spot on. Just 73 (or less than 6%) said he was off base. Read more »
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Startup Field Rife with Watson Wanna-be’s
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 But while the limelight was fixed mostly on Watson’s creator, IBM, it’s clear Big Blue isn’t the only one investing considerable time and expertise in the space recently. A quick dive into the Thomson Reuters database pulled up at least a half-dozen venture-backed startups funded over t...
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Oak Hill To Make Back 40% of Dave & Buster’s Investment in Nine Months–UPDATED
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 Earlier this week, Dave & Buster's announced it planned to sell some senior notes and use the $100 million in proceeds to pay a dividend to its sponsor Oak Hill Capital Partners. The payout comes less than a year after Oak Hill acquired Dave & Buster's from Wellspring Capital Partners. The deal was valued at $570 million. At first glance, the $100 million may not seem very spectacular. In fact, it looks kind of puny. But consider this. Oak Hill put in about $300 million equity to acquire Dave & Buster's last year, a PE source says. This means, they've already made back one-third of their investment. Read more »
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