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We
are a private equity firm investing in software, business
services and transaction processing
companies. |
•
Fuel rapid organic growth
• Pursue one or
more
acquisitions
• Recapitalize to
optimize
capital structure or
meet
the liquidity needs
of
shareholders
• Spin-off operations from
a
parent corporation
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We
fund businesses at all stages of development.
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$10
million to $60 million
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Typically
lead or control investor.
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We
will consider investments worldwide to support the needs of
our global Limited Partners.
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We are pleased to announce
that FTVentures has
committed $10 million to PowerShares Capital Management LLC,
an asset management firm specializing in the development and
management of Exchange Traded Funds (ETFs). FTVentures is the first
institutional investor in the company. The financing will
enable PowerShares, headquartered in Wheaton, Illinois, to
expand its unique series of funds, its national and
international distribution strategy and its investment
management team in a rapidly growing market that is projected
to reach over a trillion dollars by 2010.* Since introducing
its first fund in May 2003, PowerShares’ assets under
management have grown to over $500 million.
PowerShares' funds are based on enhanced indexes,
which are designed to identify companies that have a potential
for fundamentally strong performance or provide exposure to
selected markets or industry sectors that are believed to
offer growth opportunities. The firm's first two funds under
management, Dynamic Market Portfolio (AMEX: PWC) and Dynamic
OTC Portfolio (AMEX: PWO), are based on the American Stock
Exchange's Intellidex indexes, which utilize rules-based
quantitative analysis to select a portfolio of securities that
meet certain criteria intended to indicate growth potential.
The company has also recently introduced a fund that is based
on the Mergent Dividend Achievers™ 50 Index (AMEX: PEY) and a
China fund that
tracks the USX China Index (AMEX: PGJ). PowerShares is one of
only seven firms that develops and manages ETFs today. The
company is planning on launching several more funds during the
next 12 months, including a set of ETFs that are based on
indexes built by Zacks and ValueLine.
Read
more
*Duke University’s Global Markets
Center
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New
York
230 Park
Avenue
Suite
3300
New York, NY 10169
Phone
212-682-4800
Fax 212-682-4480
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