Dayton Carr

Dayton Carr
Nationality	United States
Education	Brown University, Harvard Business School
Occupation	Private equity investor
Employer	VCFA Group (formerly Venture Capital Fund of America)
Known for	Credited with invention of the Private equity secondary market

Dayton Carr is the founder of Venture Capital Fund of America (today VCFA Group) a private equity firm that is credited with inventing the Private equity secondary market.

Unlike later entrants to the market, including Jeremy Coller of Coller Capital, Carr chose to keep his funds relatively small despite strong investment performance. Jeremy Coller, whose firm is one of the largest in the market, worked for Imperial Chemical Industries which was an early investor with VCFA. Since inception in 1982, VCFA has raised nine funds totaling over $730 million. By comparison, the largest ten firms in the private equity secondary market are each investing out funds in excess of $1 billion.

Carr, began his career in the 1960s by managing a venture capital fund (Carr Management) for IBM's Thomas J. Watson Jr.

Carr graduated from Brown University and received an MBA from Harvard Business School.

References

Venture vultures circle for spoils (The Deal.com)
VCFA plans $250M secondary buyout fund (The Deal.com)
The Father of PE Secondarires (Venture Intelligence)
Contrarian : Second Helping (Dealmaker, 2007)
Secondary sales of private equity interests (AltAssets)
"Opportunities abound: Drop in venture cap returns a boon to buyer of secondary partnerships.". Pensions & Investments. 18 Mar 2002. Retrieved 2008-04-28.
Tenorio, Vyvyan (4 Apr 2002). "VCFA plans $250M secondary buyout fund.". The Daily Deal. Retrieved 2008-04-28.
Whitman, Janet (May 22, 2002). "'Nouveau Deadbeats' Default On Funding Commitments". The Wall Street Journal. Retrieved 2008-04-28.

Private equity and venture capital investors

Investment strategy	Buyout Venture Growth Mezzanine Secondaries

History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s

Investor types	Private equity investors Venture capitalists Corporate raiders

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