JVP CHOSEN BEST VC FIRM IN ISRAEL BY PRIVATE EQUITY INTERNATIONAL
Award given for second year in a row
Home Run With Qlik Tech Cited As Key Reason For Award
Israel – Jerusalem Venture Partners (JVP), one of Israel's leading venture capital funds, was chosen for the second year in a row as the FIRM OF THE YEAR IN ISRAEL by Private Equity International ("PEI"). Runners up for the title included Permira and Silver Lake Partners.
JVP, founded by Chairman Erel Margalit, together with General Partners Gadi Tirosh and Kobi Rozengarten, manages over $900 million. The firm has invested in and built more than 90 companies over its 19 year history and orchestrated 24 exits to date. The Initial Public Offering (IPO) of Swedish-originated QLIK Technologies was the Fund's eleventh on NASDAQ. Last month the Fund announced it successfully sold storage game-changer XtremIO, which it helped found in 2009, to EMC at a substantial return on investment.
PEI's awards are the industry’s most comprehensive, and the only voted on entirely by and for the industry. They awards are independent; there is no sponsorship, no panel of judges. The winners reflect the esteem in which they are held by their peers.
“It is truly meaningful to receive this award from our peers for the second year in a row,” said JVP Chairman and founder Erel Margalit. “We are proud of our success in creating profitable companies by identifying and funding entrepreneurs. We appreciate PEI’s recognition of our achievements in driving innovation in Israel and around the world.”
When explaining its decision to award JVP, Private Equity International noted: "Who ever said that one vote never made a difference? That was the margin separating repeat Israel firm of the year winner Jerusalem Venture Partners from runner up Permira. And if returns are the best way to say a cut above the competition, JVP achieved that in spades as it continued to reap the rewards of its investments in Qlik Technologies. The firm sold off another round of shares in the business analysis software company in November, generating a further 30 million in realizations and a 47X return on its initial investment in 2004. Just one year prior, the company was listed on NASDAQ and continued to climb in valuation over the following months. When JVP sold a 30 percent shareholding in Qlik at the end of 2010, it provided a cool $112 million windfall. To date, that brings JVP piecemeal realizations in Qlik to $390 million. Or as some venture capitalist might say, a pretty damn good home run."
For access to the awards recipients please visit: http://www.peimedia.com/resources/PEI/PEIAnnualReview_Awards_list_2011.pdf
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.
JVP is one of Israel's most prominent venture capital funds. Established nineteen years ago and with over $900 million dollars under management through eight funds, JVP has orchestrated twenty four of the largest exits out of Israel. The Fund's most recent IPO, in portfolio company QLIK Technologies (NASDAQ: QLIK, $2.6bn mkt. cap.) was one of the most noted technology IPOs of the last decade. JVP is headquartered in the JVP Media Quarter in Jerusalem, home to 12 of JVP's portfolio companies and the Fund's early stage incubator, JVP Media Labs which invests in early stage media companies targeting fields such as: Web, mobile, advertising, gaming as well as enterprise software. The JVP Media Quarter is also home JVP's Community activities: Zappa Jerusalem in The Lab, the Center for Performing Arts, and "Bakehila" the youth empowerment program supporting 3,000 youngsters in 5 underprivileged Jerusalem neighborhoods. For additional information on JVP please visit: http://www.jvpvc.com