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2.49 MB
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Extraction Summary

1
People
7
Organizations
1
Locations
2
Events
1
Relationships
3
Quotes

Document Information

Type: Investment report / fund prospectus page
File Size: 2.49 MB
Summary

This document is page 29 of a confidential investment report or prospectus, likely for a fund named NLV-III (New Leaf Ventures). It analyzes the contraction in the healthcare venture capital industry between 2007 and 2012, arguing that this creates favorable investment opportunities due to reduced competition. It also highlights the positive impact of the 2012 JOBS Act and a strong IPO market in 2013/2014 on biopharmaceutical companies.

People (1)

Name Role Context
The Fund Managers Investment Managers
Beneficiaries of reduced competition during NLV-II investment period; managing NLV-III.

Organizations (7)

Name Type Context
NLV-II
Investment fund mentioned in relation to reduced competition.
NLV-III
New investment fund mentioned as having favorable conditions.
SEC
Regulatory body mentioned regarding IPO draft registration statements.
VentureSource
Source of data for charts.
Dow Jones
Source of data for charts.
Fenwick & West
Source of analysis for charts.
House Oversight Committee
Implied by the footer 'HOUSE_OVERSIGHT_024040'.

Timeline (2 events)

2013 - Q1 2014
Period noted for strong market for IPOs.
Global/US Markets
April 2012
Signing of the Jumpstart Our Business Startups Act (JOBS Act) into law.
U.S.

Locations (1)

Location Context
Region where the JOBS Act was signed into law; region for VentureSource data.

Relationships (1)

The Fund Managers Management NLV-II/NLV-III
The Fund Managers have benefited... during the new investment period for NLV-II

Key Quotes (3)

"The Fund Managers have benefited from the reduced level of competition during the new investment period for NLV-II, and they believe these conditions will remain in place for at least part of the new investment period of NLV-III."
Source
HOUSE_OVERSIGHT_024040.jpg
Quote #1
"This contraction creates significant opportunity for those funds that remain active, as fewer firms and less capital is translating into less competition for deals."
Source
HOUSE_OVERSIGHT_024040.jpg
Quote #2
"The significant increase in IPO activity was driven by a number of factors, but one that had an important impact is the Jumpstart Our Business Startups Act (JOBS Act)."
Source
HOUSE_OVERSIGHT_024040.jpg
Quote #3

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