Oak Investment Partners is a

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm focusing on

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

investments in companies developing communications systems,

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

, new

Internet The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...

media,

healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

services, and retail.

History

The firm, founded in 1978 by Edward Glassmeyer and Stewart Greenfield, is based in

Greenwich, Connecticut Greenwich ( ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. As of the 2020 United States census, 2020 census, it had a population of 63,518. It is the largest town on Gold Coast (Connecticut), Connectic ...

, with offices in

Norwalk, Connecticut Norwalk is a city in Fairfield County, Connecticut, United States. The city, part of the New York metropolitan area, New York Metropolitan Area, is the List of municipalities of Connecticut by population, sixth-most populous city in Connecticut ...

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

and

Palo Alto Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto. Th ...

, California. Since its inception, Oak has invested in more than 480 companies and has raised more than $8.4 billion in investor commitments across 12 private equity funds. Ann Lamont is a managing partner. In May 2006, Oak raised its 12th fund, at $2.56 billion, reportedly the largest venture capital fund ever raised. In 2015, Indian-born employee Iftikar Ahmed was sued by the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

on suspicion of stealing US$65 million from the firm. Ahmed fled to

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. In August 2015, Fortune reported that Mr. Ahmed had been detained in an Indian prison from May 22 until July 23 and that his passport had been confiscated.

References

External links

Oak Investment Partners
(Company website) Private equity firms of the United States Venture capital firms of the United States Life sciences industry Companies based in Greenwich, Connecticut American companies established in 1978 Financial services companies established in 1978 1978 establishments in Connecticut {{US-private-equity-company-stub