BEDCO
| Private ownership | |
| Industry | Private equity, |
| Fate | Dissolved |
| Successor | Alta Communications, Alta Partners, Alta Berkeley Capital, Polaris Venture Partners |
| Founded | 1979 |
| Founder | Craig Burr, William P. Egan, and Dr. Jean Deleage, Ph.D. |
| Defunct | 1996 |
| Headquarters | Boston, Massachusetts, United States |
| Products | Venture capital |
Burr, Egan, Deleage & Co. (BEDCO) was a venture capital firm which focused on investments in information technology, communications, and healthcare/biotechnology companies.
BEDCO was one of the first venture capital firm to set up a bi-coastal operation with a presence in both Boston, Massachusetts and Silicon Valley in California.
The firm was founded in 1979 and dissolved in 1996, with Alta Partners and Alta Communications assuming management responsibility for certain existing investments. Other successor firms include Polaris Venture Partners and Alta Berkeley.
The firm was founded in 1979 by Craig Burr, William P. Egan, and Dr. Jean Deleage, Ph.D. Burr and Egan had worked together at the pioneering private equity firm TA Associates. Deleage had come from Sofinnova Partners, a venture capital firm in France that he had co-founded in 1971. In 1976, Deleage had founded Sofinnova’s US affiliate, based in San Francisco. At its zenith the company managed over $700 million in assets and today is the direct predecessor of four venture capital firms with aggregate capital in excess of $5.7 billion:
Among BEDCO’s most notable investments were Continental Cablevision with H. Irving Grousbeck, Qwest with Philip Anschutz, Cephalon, American Superconductor and SyQuest Technology.
From its founding in 1979 through its dissolution in 1996, BEDCO raised more than a dozen venture capital funds with total investor commitments of approximately $700 million.
Source: Preqin
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