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In 1989, the
University of Chicago and Argonne National Laboratory provided around $ 9 million in capital for ARCH Development Corporation's first fund, ARCH Venture Fund Limited Partnership. It was believed to be first venture capital fund to be established between a major U.S. laboratory and
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of technologies while capital raising will be done outside the university . In 1992, Lazarus along with Booth
Graduate students, Clint Bybee, Keith Crandell and Bob Nelsen left the university to set up ARCH Venture Partners as an independent firm to raise capital.
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After the success of the first fund, the university stated it no longer considered ARCH Development
Corporation as an experiment and wasn't comfortable continuing as general partner of a venture fund so it proposed that ARCH Development Corporation would focus on
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initiative to commercialize the technology developed by them. The name ARCH reflects this origin with "AR" from
Argonne and "CH" from the University of Chicago. ARCH Development Corporation was led by Steven Lazarus who was Deputy Dean of
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Sciences (US), National
Academy of; Roundtable, National Academy of Engineering (US) and Institute of Medicine (US) Government-University-Industry Research (1999).
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university and the first to be fully pledged by a group of investors. The first fund invested in twelve companies with 7-8 of them being successful investments.
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Presentation by Teri Willey Vice-President, ARCH Development
Corporation at the Workshop on Overcoming Barriers to Collaborative Research March 23–24, 1998
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824:"Proskauer Advises ARCH Venture Partners in Closing of $ 2.975 Billion Fund XII - Insights - Proskauer Rose LLP"
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The firm mainly invests in companies that are in the biotechnology, semiconductors and computing fields.
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On June 10, 2018, Lazarus passed away and the firm's management was succeeded by the other co-founders.
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ARCH Venture
Partners is headquartered in Chicago with additional offices in
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771:"STEVEN LAZARUS Obituary (1931 - 2018) - Chicago, IL - The Washington Post"
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In 1986, the ARCH Development
Corporation was initially created by the
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513:"ARCH Venture Partners: Stay in School - | Venture Capital Journal"
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606:"Done Deals - Venture Capitalists Tell Their Stories - Lazarus"
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plans were hindered by lack of external capital, so a
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571:"Biotech investor raises $ 3 billion in new fund"
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734:. February 15, 1989. p. Section 4, page 2.
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204:University of Chicago Booth School of Business
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8:
1378:Private equity and venture capital investors
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1474:Venture capital firms of the United States
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1350:Taxation of private equity and hedge funds
1167:Private investment in public equity (PIPE)
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701:"U. OF C., LAB FORM VENTURE CAPITAL FUND"
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682:. National Academies Press (US).
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214:would be created to provide it.
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162:Footnotes / references
1150:Publicly traded private equity
728:Arlington Heights Daily Herald
1:
1418:List of venture capital firms
16:American Venture Capital firm
1398:List of private equity firms
1155:Business Development Company
195:Argonne National Laboratory
73:; 38 years ago
22:ARCH Venture Management LLC
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1242:High-net-worth individuals
1032:Leveraged recapitalization
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1130:Limited liability company
1090:Venture capital financing
1037:Dividend recapitalization
542:"ARCH raises $ 350M fund"
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575:Crain's Chicago Business
269:Committed Capital ($ m)
1197:Institutional investors
796:"ARCH Venture | Palico"
351:ARCH Venture Fund VIII
1335:Liquidation preference
1300:Distribution waterfall
1252:Sovereign wealth funds
395:ARCH Venture Fund XII
340:ARCH Venture Fund VII
296:ARCH Venture Fund III
173:(ARCH) is an American
1408:Venture capital firms
1160:Venture capital trust
750:ARCH Venture Partners
610:HBS Working Knowledge
384:ARCH Venture Fund XI
362:ARCH Venture Fund IX
329:ARCH Venture Fund VI
307:ARCH Venture Fund IV
285:ARCH Venture Fund II
206:. Lazarus noted that
191:University of Chicago
171:ARCH Venture Partners
142:9 billion (2022)
43:ARCH Venture Partners
1388:Private equity firms
1116:Private equity firms
1065:Post-money valuation
942:Equity co-investment
436:United States portal
373:ARCH Venture Fund X
318:ARCH Venture Fund V
274:ARCH Venture Fund I
228:business development
1438:Portfolio companies
1355:Undercapitalization
1207:Insurance companies
1125:Limited partnership
1070:Pre-money valuation
707:. February 13, 1989
650:. November 15, 2019
546:www.bizjournals.com
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1290:Capital commitment
1060:Business incubator
1027:Buy–sell agreement
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1295:Capital structure
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1022:Divisional buyout
1017:Management buyout
1012:Financial sponsor
494:on June 13, 2022.
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1360:Vintage year
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1192:Corporations
1095:Venture debt
833:December 24,
831:. Retrieved
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109:Headquarters
48:Company type
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1145:Pledge fund
937:Secondaries
152:archventure
128:Investments
1453:Categories
1310:Envy ratio
1217:Endowments
1080:Seed money
994:Terms and
780:January 2,
775:Legacy.com
457:"Form ADV"
443:References
401:USD 2,975
390:USD 1,941
379:USD 1,460
368:USD 1,100
199:non-profit
185:Background
38:Trade name
1280:Cap table
1185:Investors
1109:Structure
927:Mezzanine
915:Leveraged
828:Proskauer
746:"Contact"
224:licensing
1330:Leverage
1266:Related
996:concepts
408:See also
357:USD 560
346:USD 400
335:USD 350
324:USD 380
313:USD 175
302:USD 107
193:and the
124:Products
117:Illinois
86:Founders
58:Industry
1340:M&A
1047:Venture
952:History
922:Venture
291:USD 31
239:Seattle
179:Chicago
147:Website
113:Chicago
76: (
68:Founded
52:Private
1305:EBITDA
1004:Buyout
932:Growth
910:Buyout
280:USD 9
247:Dublin
119:, U.S.
1120:funds
985:2020s
980:2010s
975:2000s
970:1990s
965:1980s
460:(PDF)
398:2022
387:2021
376:2020
365:2016
354:2014
343:2007
332:2004
321:2001
310:1999
299:1996
288:1993
277:1989
263:Fund
256:Funds
197:as a
1172:SPAC
1118:and
1075:SAFE
894:and
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807:2022
782:2023
757:2022
713:2022
656:2022
617:2022
583:2022
554:2022
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471:2022
245:and
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154:.com
140:US$
78:1986
71:1986
1345:PME
1325:IRR
1320:IPO
1275:AUM
464:SEC
135:AUM
1455::
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80:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
