Microsoft co-founder and philanthropist Paul Allen picked Palo Alto as the new digs for his Vulcan Capital investment house, focusing on emerging technology and Internet companies. Abhishek Agrawal was just named as managing director, joining the company from General Atlantic, a global growth-equity company. Vulcan Capital reportedly will be looking at investments in the “$10 million to $100 million range,” honing in on “mid- to late-stage venture capital, growth equity, recaps, buyouts and strategic public market block investments.” Allen has been a new-tech investor for decades, with one result being tech incubator Interval Research, which since has closed. He also has holdings in Charter Communications.

The Daily


TPG-DirecTV Deal Close?

TPG’s rumored purchase of a minority stake in DirecTV from AT&T could be announced as soon as this week, CNBC reported Tuesday.

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