FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propel
  • Global Partner Network®
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal
Port Co Hub

Search

FTV News

PowerShares Secures $10 Million Commitment from FTVentures

02.08.2005
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • Email

“Value Added” ETF Strategy Sets It Apart from Competitors

Four ETFs Have Attracted Over $500 Million in Assets in 17 Months

FTVentures is first Institutional Investor

Wheaton, IL – PowerShares Capital Management LLC, an asset management firm specializing in the development and management of Exchange Traded Funds (ETFs), today announced that it has received a $10 million commitment from FTVentures, a private equity firm that provides venture through late-stage growth capital to software and business services companies. FTVentures is the first institutional investor in the company. The financing will enable PowerShares, headquartered in Wheaton, Ill., to expand its unique series of funds, its national and international distribution strategy and its investment management team. The company currently offers four ETFs and plans to launch several additional funds over the next 12 months. PowerShares currently has over $500 million under management in four funds: Dynamic Market Portfolio and Dynamic OTC Portfolio, both launched in May 2003, and Mergent Equity Dividend Achiever and Golden Dragon Halter USX China, both launched in December 2004.

“PowerShares has all of the key attributes we look for when making an investment,” said Brad Bernstein, FTVentures Partner and new member of PowerShares’ Board of Directors. “It has a distinctive product offering, a strong management team and a market audience and demand that are exploding,” he explained. “ETFs are one of the fastest growing investments in the world today. Duke University’s Global Capital Markets Center estimates that ETFs will reach $1 to $2 trillion by 2010.”

Currently, there are just seven companies in the U.S. developing and managing ETFs, including PowerShares.

“What distinguishes this company from its larger competitors is its strategy of providing products based on value-added indexes, including the “Intellidex” indexes,” added Ben Cukier, FTVentures Principal, who joins Bernstein as a new member of PowerShares’ Board. Intellidex indexes are enhanced indexes developed by the American Stock Exchange.

“We believe that retail investors are seeking high quality alternatives to mutual funds which meet their investing needs. PowerShares are based on intelligent indexes designed to provide the performance and product efficiencies necessary to satisfy those needs,” said Bruce Bonds, CEO of PowerShares. “The intelligent index methodology is a sophisticated way of selecting index securities that have a greater potential for capital appreciation rather than only representation. The methodology is also designed to help control individual stock risk by ensuring sufficient exposure to several securities within a given industry, sector, style or capitalization, through continual pricing and liquidity and by ensuring access to investor assets during market hours,” he explained.

About Powershares

(www.powershares.com)
PowerShares Capital Management, LLC provides institutional caliber asset management and market exposure through the replication of enhanced indexes. PowerShares delivers this sophisticated asset management in one of the more benefit rich investment vehicles available today, the exchange traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares’ asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

About FTVentures

(www.ftventures.com)
FTVentures is a private equity firm focused on software, business services and transaction processing companies. The firm provides venture capital as well as growth capital for build-outs, recapitalizations, and spinouts. FTVentures’ unmatched global financial services partner network-including 37 of the world’s leading financial institutions-provides the firm with a unique vantage point into the business-driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has $623 million under management. The firm has offices in San Francisco and New York.

Contacts

Kim Kellogg
FTVENTURES
510-325-3195 (cell) 415-229-3000 (office)

Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

NEW YORK

535 Madison Avenue, Floor 32
New York, NY 10022

212.682.4800

CONTACT

General: Info@ftvcapital.com
Media: PR@ftvcapital.com

  • LinkedIn
  • Twitter
Investor Portal
Port Co Hub

© 2023 FTV Management Company, L.P.
All rights reserved.

  • Privacy & Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.
Our website uses cookies that are essential for the website to work. By using the website and continuing to navigate, you consent to the placement of these cookies. Read our PRIVACY POLICY to learn more.
ACCEPT
Select Cookies
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT