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Alta Communications is an American private equity firm primarily working with media and the communication sector.
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| Company type | Private ownership |
|---|---|
| Industry | Private equity |
| Predecessor | Burr, Egan, Deleage & Co. |
| Founded | 1996 |
| Founder | Craig Burr, William P. Egan |
| Headquarters | 28 State Street Boston, Massachusetts, United States |
| Products | Venture capital |
| Website | altacomm.com |
Their equity funds are invested in about 100 companies with a total market capitalization approximately $1.5 billion.
Alta Communications is no longer related to Alta Partners, based in San Francisco.[1]
History edit
Alta Communications was formed in late 1996 as part of the dissolution of Burr, Egan, Deleage & Co. (BEDCO),[2] an early venture capital firm that had been founded in 1979.[3]
The firm was founded by Craig Burr and William P. Egan who also co-founded Alta’s predecessor firm, Burr, Egan, Deleage & Co., in 1979. Alta traces its origins to TA Associates, where Burr and Egan were formerly partners.
Investment strategy and funds edit
Alta Communications invests primarily in later-stage opportunities in the traditional media and telecommunications sectors and has a portfolio of investments in the following sectors:
- Broadcasting (Radio and Television)
- Direct marketing services
- B2B Media / Publishing
- Content / Screen media
- Digital media
- Telecom services
- Out-of-home advertising
- Cable television
Since its founding in 1996, Alta Communications has raised four venture capital funds focusing on late stage opportunities with nearly $1.5 billion of investor commitments.
- 1996 - $158m - Alta Communications VI
- 1998 - $272m - Alta Communications VII
- 2000 - $486m - Alta Communications VIII
- 2003 - $500m - Alta Communications IX
See also edit
References edit
- ^ Staff Writer (1 February 2005). "VCs Feel the Love from Wall Street -". Venture Capital Journal.
- ^ Egan, William P. oral history. National Venture Capital Association (NVCA). 4 November 2010.
- ^ Reports of the United States Tax Court. United States Tax Court. 1986. p. 762.