I wasn't talking about allocations.. i was talking about OWNERSHIP
Monday February 7, 6:03 pm Eastern Time
Company Press Release
SOURCE: Friedman, Billings, Ramsey Group, Inc.
FBR Comments on its Venture Capital Ownership Stake in webMethods
ARLINGTON, Va., Feb. 7 /PRNewswire/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR - news) today said that its managed venture capital fund, FBR Technology Venture Partners I, LP, owns 2,763,234 shares of webMethods, Inc.
FBR noted that its economic interest in the investments of its venture capital and private equity funds can vary based on a number of factors.
As announced in its fourth quarter earnings release and conference call of January 27, 2000, FBR generates gross revenues from venture capital funds in three ways: base management fees, a return on its principal invested, and a 20 percent carried interest in the gains of the funds.
webMethods is one of 21 venture capital investments listed in the press release that FBR's technology funds have made since 1997. FBR noted that it also has technology investments in two other private equity funds, in addition to warrants received in connection with its technology investment banking business.
Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR - news) is a leading investment firm specializing in Internet technology and other selected industries. Headquartered in Northern Virginia, home to an array of leading global Internet companies, FBR is a provider of capital and financial expertise throughout a company's lifecycle. FBR's businesses include venture capital, investment banking, online financial services, and research on more than 430 companies. FBR has offices in Arlington and Reston, Va., London, Irvine, Ca., Boston, and Chicago. For more information, see www.fbr.com.
Statements concerning future performance, developments, negotiations or events, expectations or plans and objectives for future operations or for growth and market forecasts, and any other guidance on present and future periods, constitute forward-looking statements that are subject to a number of factors risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include but are not limited to competition among venture capital firms and the high degree of risk associated with venture capital investments, the effect of demand for public offerings, activity in the secondary securities markets, available technologies, competition for business and personnel, and general economic, political and market conditions.
SOURCE: Friedman, Billings, Ramsey Group, Inc |
