Venture Capital Firms Targeting European Market

For many years, venture capital companies have been seeking markets across the U.S. and the vast Asia, but now they are getting attracted to European market. Companies like Microsoft, Google and Intel have all been targeting Western European region for high technology outfits like mobile money transfer firms, cloud software developers and data-mappers. Due to this trend, even venture capital firms have started to show interest in emerging companies in Europe. In fact, operating startups in major cities in Europe like London, Berlin, Stockholm and Paris is significantly easier than doing the same in the U.S.

John Somorjai, who heads Salesforce Ventures, noted that there are a lot of innovations emerging out of Europe, after his company invested $100 million to the region. He continued to say that his trips to Europe are associated with tight schedule with interesting companies planning to meet him. Over the years, startup companies in Europe were meant to serve local markets, hence expanding very slowly and using several years before hitting sales of 100 million euro. In recent years, venture capital firms have begun making cash in London, Berlin and Stockholm. European market is progressively developing billion-dollar according to a venture capitalist in Berlin, Ciaran O’Leary.

About Highland Capital Management

HCM is an alternative investment expert that manages more than $20 billion worth of assets. The company was co-founded by James Dondero and Mark Okada. HCM was the pioneer of Collateralized Loan Obligations (CLOs), which is one of its credit option offered to investors. The company also focuses on credit hedge funds, separate accounts, and private equity funds. The company has a wide network of clients in North and South America as well as Asia. HCM began operation in 1993, after Jim and Mark had worked together for a long time in credit and equity markets.

Jim Dondero is the President of Highland Capital Management. He has worked in the equity and credit markets for more than 30 years. Before he co-founded HCM, Dondero worked for Protective Life as CIO, and during the time he was working at the company, he managed to turn things around and expanded the business approximately $2billion in capital.

Jim graduated from University of Virginia focusing on Accounting and finance. Under his leadership, HCM has emerged as among the largest investment managers across the world. Jim has always ensured the company is focusing on equity and debt markets.

More info can be found on: http://www.seattletimes.com/business/technology/venture-capital-turns-its-attention-to-europe/.

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