JVP selected as best VC in Israel
and One of Three Leading Funds in Europe in 2010
JVP Chosen by Private Equity International Magazine as Leading VC in Israel and One of Three Leading VCs in Europe in 2010
Among the reasons cited: exit of Business Intelligence Leader QlikTech and Closing of Two New Funds during 2010
The world’s leading Private Equity magazine, Private Equity International magazine chose JVP as the best private equity player in Israel in 2010, and one of the three leading venture capital funds in Europe.
The results are based on the annual survey conducted amongst more than thirty thousand senior venture capitalists, Limited Partners and consultants, from 50 different countries, in order to rank the world’s leading fund managers.
JVP was recognized as one the leading funds in three major categories:
- “Firm of the Year in Israel” Category- 1st Place
- “Venture Capital Firm of the Year” Category- 3rd Place, along with the Prominent Funds Index Ventures (1st Place) and Accel Partners (2nd Place)
- “Venture Capital Exit of the Year” Category - 3rd Place, jointly with Accel Partners
“After two years at the top, Sequoia Capital has been dethroned by Jerusalem Venture Partners (JVP) this year as best private equity player in Israel. JVP, founded in 1993 by Erel Margalit, closed two funds last year, totaling $145 million in fresh capital. But perhaps on voter’s minds this year was the firm’s success in exits. In July, QLIK Technologies, a business analysis software company in which JVP invested in 2004, was listed on NASDAQ based on a valuation of $770 million. The listing was “one of the most successful IPOs of a European originated technology company in close to a decade”, says vice president of investor relations Fiona Darmon. By the end of 2010, QLIK had appreciated in value by over 150 percent, reaching roughly $2 Billion. The rise would net JVP a 4,000 percent return upon selling its 30 percent shareholding for $112 million in December.”
Erel Margalit, Founder and Chairman of JVP said that “It is extremely exciting to see how investors from all over the world recognize Israel as a one of the leading venture capital global scenes, and a major hub of technology innovation and creativity, that has almost no parallel in the world.”
PEI is the leading financial information group dedicated to the alternative asset classes of private equity, real estate and infrastructure globally. It is an independent company with over 70 staff based in three regional offices - London, New York and Singapore - and is wholly owned by its management and employees. The group publishes five magazines, host five news websites, manage what is probably the most extensive set of databases dedicated to alternative assets, run 22 annual conferences globally, publish a library of 20 books and directories and have a fast growing training business.
The full report: