Released on: October 30, 2007, 5:04 am

Press Release Author: Biz-24

Industry: Financial

Press Release Summary: Ovetii, a leading European financial advisory firm, is
rumoured to be raising $50 million for a private placement fund, joining the
recently observed trend of growing investment in late-stage venture capital.

Press Release Body: According to a source close to the Athens based firm, the fund\'s
goal is $50 million. A spokesperson from Ovetii apparently stated that, while
private placements are designed to raise money from investment opportunities offered
to a select group of private individuals, late stage venture capital investment is
on the rise this year, with more money being spent on fewer deals.

It was reported that, in the first quarter, funds spent $3.1bn in investments for
296 deals while in the second quarter funds spent $3.2bn for 269 deals.
Gregory Matthews, Ovetii's Senior Portfolio Manager, reportedly said that the
focus on investments in biotechnology and clean technology, could account for the
rising value of investments.

Matthews apparently added that he was skeptical about the role hedge funds could
play in the venture capital industry because of the differences in investment
strategy and, that although they could provide money in most cases; they don't have
the expertise of a venture capital firm.

Ovetii has yet to offer any official comment on the rumoured fund.

Web Site: http://www.ovetii.com

Contact Details: Tel No: +30-211-268-6701
Fax No: +30-211-268-6702

www.ovetii.com