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Pequot Ventures To Spin Out As FirstMark Capital

Wednesday, March 05, 2008 5:19:00 AM PDT | VentureDeal Staff

NEW YORK, NY -- Pequot Ventures announced that it will separate its business from Pequot Capital Management effective June 30, 2008.

The new firm will be named FirstMark Capital, L.L.C. and will oversee the entire $2 billion portfolio of Pequot Ventures.  Many of the same managing directors and principals will come over to the new firm.

Pequot Capital Management is multi-billion dollar investment advisor to the Pequot Family of Funds, which invests the funds of institutional and high net worth individuals.

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