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Contents

   



(Top)
 


1 Lehman Brothers bankruptcy and LBVP spin out  





2 See also  





3 References  





4 External links  














Tenaya Capital







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From Wikipedia, the free encyclopedia
 


Tenaya Capital
Company typePrivate
IndustryVenture capital
PredecessorLehman Brothers Venture Partners
Founded1995
Headquarters ,
United States
ProductsInvestments
Total assets~ $750 million
Websitewww.tenayacapital.com

Tenaya Capital is a venture capital firm with offices in Portola Valley, California, and Wellesley, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy.[1] It opened its seventh fund in 2015.[2] In 2009 the firm had approximately $750 million under management.[3]

Lehman Brothers bankruptcy and LBVP spin out[edit]

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[edit]

References[edit]

  1. ^ a b Lehman to Spin Off Venture-Capital Arm. Wall Street Journal, February 24, 2009
  • ^ Gage, Deborah (29 May 2015). "Tenaya Capital to Start Investing $450M Seventh Fund". Wall Street Journal.
  • ^ Miller, Claire Cain (24 February 2009). "Lehman Brothers Spins Off Venture Capital Arm". The New York Times. Retrieved 5 August 2015.
  • ^ Lehman Brothers Plans Private-Equity Spinoff. Wall Street Journal, January 9, 2009
  • ^ Lehman Brothers Merchant Banking In Limbo. IDD Magazine, September 15, 2008
  • External links[edit]



  • t
  • e

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Tenaya_Capital&oldid=1098353224"

    Categories: 
    Companies based in Menlo Park, California
    Privately held companies based in California
    Venture capital firms of the United States
    Lehman Brothers
    Financial services companies established in 1995
    United States private equity firm stubs
    Hidden categories: 
    Articles with short description
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