Saturday, July 29, 2006

William Blair Capital Partners is Gone - Again

An article in Crane's and the Chicago Tribune both confirm that newly formed team that was set to manage William Blair Capital Partners Fund VIII has decided to jump ship to a new fund that is to be named later.

The Tribune article pointed to the fact that Blair's lack of a private equity fund that is raising money in one of the most opportune times to raise money is shocking and could mean lost revenue for the Chicago based investment bank. Interestingly, this is the second time that WBCP (as it is often abbreviated as) has lost its private equity team. Several years ago, WBCP's team left to form Chicago Growth Partners.

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