Dayton Carr
Encyclopedia
Dayton Carr is the founder of Venture Capital Fund of America (today VCFA Group) a private equity firm that is credited with inventing the Private equity secondary market
.
Unlike later entrants to the market, including Jeremy Coller
of Coller Capital
, Carr chose to keep his funds
relatively small despite strong investment performance. Jeremy Coller, whose firm is one of the largest in the market, was an early investor with Carr. Since inception in 1982, VCFA has raised nine funds totaling over $730 million. By comparison, the largest ten firms in the private equity secondary market are each investing out funds in excess of $1 billion.
Carr, began his career in the 1960s by managing a venture capital
fund (Carr Management) for IBM
's Thomas J. Watson Jr.
Carr graduated from Brown University
and received an MBA from Harvard Business School
.
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
.
Unlike later entrants to the market, including Jeremy Coller
Jeremy Coller
Jeremy Coller is a British financial executive. He is CEO and CIO of Coller Capital, a British private equity firm, which he founded in 1990.For 20 years, Jeremy Coller has played a key role in the evolution of the secondary market for private equity...
of Coller Capital
Coller Capital
Coller Capital, founded in 1990 by Jeremy Coller, is one of the leading global investors in the Private equity secondary market ....
, Carr chose to keep his funds
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
relatively small despite strong investment performance. Jeremy Coller, whose firm is one of the largest in the market, was an early investor with Carr. Since inception in 1982, VCFA has raised nine funds totaling over $730 million. By comparison, the largest ten firms in the private equity secondary market are each investing out funds in excess of $1 billion.
Carr, began his career in the 1960s by managing a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
fund (Carr Management) for IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
's Thomas J. Watson Jr.
Carr graduated from Brown University
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
and received an MBA from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
.