Beacon Global Advisors Private Equity Fund I Making Capital Distributions

Apr 03, 2001, 01:00 ET from Beacon Global Advisors

    BETHESDA, Md., April 3 /PRNewswire/ -- Beacon Global Advisors (BGA)
 reported today that its Private Equity Fund I, Ltd., which closed on March 31,
 2000, already has redistributed 41 percent of its invested capital to
 investors. The Fund will distribute an additional 19 percent within the next
 four weeks, BGA announced. This distribution represents a liquidation of the
 Funds holdings in one of the twelve portfolio companies.
     The investment objective of the BGA Private Equity Fund I is to produce an
 above-average rate of return consistent with prudent risks.  Though it focuses
 in large part on technology companies, the Fund does not exclude companies in
 other sectors if they represent viable business opportunities. The Fund's pre-
 money valuations for the companies to be invested in generally range from $5
 million for early-stage financings and up to $100 million plus for post-IPOs.
     BGA believes that this structure of the Fund enhances the rate of return
 to investors. It is designed to provide the investor with a return of assets
 over a shorter time frame (12-24 months) than would be the case with the
 typical venture capital firm with a much longer horizon (5-10 years).  The
 combination of small fund size, the blend of financing stages and the types of
 investments utilized are all intended to enhance the investors' rate of
 return.
     "We are very pleased with the performance of the BGA Private Equity Fund
 I," said Beacon Global Advisors President John Groth.  "Roughly a year after
 the fund closed, we have returned over half of the investors capital. Though
 we obviously cannot guarantee returns to investors, we do believe that our
 strategy of focusing on the 'best of the best' companies is the approach most
 likely to deliver strong results."
     The Funds strategy of investing in companies poised for strong, short-term
 growth has resulted in a focus on firms with current revenues arising from a
 proven product or service. Several of the companies held in the Fund are
 increasing revenues at 20 percent or more per month.  One of the companies
 increased revenues during 2000 from $3.2 million to over $100 million. Based
 on current performance, BGA does not anticipate any failure among the
 companies held in Private Equity Fund I. Portfolio companies represent the
 following sectors: biotechnology, medical devices, medical services,
 telecommunications, and internet related companies. BeaconVentureCapital.com,
 a BGA affiliated company, acquires investment opportunities for the Fund from
 four primary sources: the National Consortium of Entrepreneurship Centers at
 leading business schools across the United States; national and international
 financial service firms; a highly qualified and experienced Board of Advisors;
 as well as unsolicited business plans received electronically at
 http://www.BeaconVentureCapital.com .
 
     This information does not constitute an offer or a solicitation to any
 person in any jurisdiction in which such offer or solicitation is not
 authorized or to any person to whom it is unlawful to make such offer or
 solicitation.
     Persons into whose possession this information may come are required to
 inform themselves of and to observe any such restrictions.   Nothing herein
 should be construed as a recommendation to purchase these securities, and
 potential investors are encouraged to conduct their own review prior to
 investing.
 
 

SOURCE Beacon Global Advisors
    BETHESDA, Md., April 3 /PRNewswire/ -- Beacon Global Advisors (BGA)
 reported today that its Private Equity Fund I, Ltd., which closed on March 31,
 2000, already has redistributed 41 percent of its invested capital to
 investors. The Fund will distribute an additional 19 percent within the next
 four weeks, BGA announced. This distribution represents a liquidation of the
 Funds holdings in one of the twelve portfolio companies.
     The investment objective of the BGA Private Equity Fund I is to produce an
 above-average rate of return consistent with prudent risks.  Though it focuses
 in large part on technology companies, the Fund does not exclude companies in
 other sectors if they represent viable business opportunities. The Fund's pre-
 money valuations for the companies to be invested in generally range from $5
 million for early-stage financings and up to $100 million plus for post-IPOs.
     BGA believes that this structure of the Fund enhances the rate of return
 to investors. It is designed to provide the investor with a return of assets
 over a shorter time frame (12-24 months) than would be the case with the
 typical venture capital firm with a much longer horizon (5-10 years).  The
 combination of small fund size, the blend of financing stages and the types of
 investments utilized are all intended to enhance the investors' rate of
 return.
     "We are very pleased with the performance of the BGA Private Equity Fund
 I," said Beacon Global Advisors President John Groth.  "Roughly a year after
 the fund closed, we have returned over half of the investors capital. Though
 we obviously cannot guarantee returns to investors, we do believe that our
 strategy of focusing on the 'best of the best' companies is the approach most
 likely to deliver strong results."
     The Funds strategy of investing in companies poised for strong, short-term
 growth has resulted in a focus on firms with current revenues arising from a
 proven product or service. Several of the companies held in the Fund are
 increasing revenues at 20 percent or more per month.  One of the companies
 increased revenues during 2000 from $3.2 million to over $100 million. Based
 on current performance, BGA does not anticipate any failure among the
 companies held in Private Equity Fund I. Portfolio companies represent the
 following sectors: biotechnology, medical devices, medical services,
 telecommunications, and internet related companies. BeaconVentureCapital.com,
 a BGA affiliated company, acquires investment opportunities for the Fund from
 four primary sources: the National Consortium of Entrepreneurship Centers at
 leading business schools across the United States; national and international
 financial service firms; a highly qualified and experienced Board of Advisors;
 as well as unsolicited business plans received electronically at
 http://www.BeaconVentureCapital.com .
 
     This information does not constitute an offer or a solicitation to any
 person in any jurisdiction in which such offer or solicitation is not
 authorized or to any person to whom it is unlawful to make such offer or
 solicitation.
     Persons into whose possession this information may come are required to
 inform themselves of and to observe any such restrictions.   Nothing herein
 should be construed as a recommendation to purchase these securities, and
 potential investors are encouraged to conduct their own review prior to
 investing.
 
 SOURCE  Beacon Global Advisors