Oak Investment Partners
{{short description|American private equity firm}}
{{Use dmy dates|date=April 2017}}
{{distinguish|text=[http://www.oaktreeequity.com Oaktree Equity Partners], Oak Hill Capital Partners, Oaktree Capital Management}}
{{Infobox company
| name = Oak Investment Partners
| type = Private Equity Investment Firm
| logo = Oak Investment Partners logo.png
| foundation = {{start date and age|1978}}
| location = Greenwich, Connecticut, United States
| industry = Private equity
| area_served = Norwalk, Connecticut
Minneapolis
Palo Alto, California
| products = Venture capital
| homepage = [http://www.oakvc.com/ www.oakvc.com]|
}}
Oak Investment Partners is a private equity firm focusing on venture capital investments in companies developing communications systems, information technology, new Internet media, healthcare services and retail.
History
The firm, founded in 1978, is based in Greenwich, Connecticut, with offices in Norwalk, Connecticut, Minneapolis and Palo Alto, California. Since inception, Oak had invested in more than 480 companies and had raised more than $8.4 billion in investor commitments across 12 private equity funds.Mass High Tech: The Journal of New England Technology, July 21, 2006 [http://www.bizjournals.com/masshightech/stories/2006/07/24/story8.html Oak's $2.5B fund, closed in Q2, is nation's largest] Ann Lamont is a founder and managing partner.{{cite news| author = Alison Leigh Cowan| title =Not-So-Hidden Asset, His Wife, Is Force in Lamont's Senate Bid| quote = Now Ms. Lamont, one of the most successful women ever in the lofty realm of venture capital, is the not-so-hidden hand behind her husband, Ned, the political novice who managed to topple a three-term incumbent in the Democratic primary.| newspaper =The New York Times| date = October 16, 2006| url =https://www.nytimes.com/2006/10/16/nyregion/16wife.html?pagewanted| access-date =March 27, 2015}}
In May 2006, Oak raised its 12th fund, at $2.56 billion, reportedly the largest venture capital fund ever raised.Thomson, July 17, 2006 [http://www.thomson.com/content/pr/tf/tf_priv_equiconsul/2006_07_17_2Q06_Mega_Funds_Drive Mega Funds Drive Private Equity Fundraising To New Heights In Second Quarter Of 2006]
In 2015, Indian-born employee Iftikar Ahmed was sued by the U.S. Securities and Exchange Commission on suspicion of stealing US$65 million from the firm.{{cite news|title=Harvard, Goldman Sachs, Venture Capital…Fugitive |first1=Anupreeta|last1=Das|first2=Jean|last2=Eaglesham |url=https://www.wsj.com/articles/harvard-goldman-sachs-venture-capitalfugitive-1444261176 |newspaper=The Wall Street Journal |date=October 7, 2015 |access-date = October 10, 2015}} Ahmed was believed to have fled to India. In August 2015, Fortune reported that Mr. Ahmed had been detained in an Indian prison from May 22 until July 23 and that his passport had been confiscated.{{Cite web|url=http://fortune.com/2015/08/07/ifty-ahmed-vc-charged-with-fraud-spent-past-two-months-in-india-jail/|title=Ifty Ahmed, VC charged with fraud, spent past two months in India jail}}
References
{{reflist}}
External links
{{Portal|Companies}}
- [http://www.oakvc.com/ Oak Investment Partners] (Company website)
{{Private equity and venture capital}}
Category:Private equity firms of the United States
Category:Venture capital firms of the United States
Category:Life sciences industry
Category:Companies based in Greenwich, Connecticut
Category:American companies established in 1978
Category:Financial services companies established in 1978
Category:1978 establishments in Connecticut
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