Vulcan Capital Appoints Managing Director For New Palo Alto Office

      Vulcan Capital Appoints Managing Director For New Palo Alto Office

Abhishek Agrawal joins firm's leadership team, will focus on internet and
technology investments

PR Newswire

SEATTLE, Wash., April 2, 2013

SEATTLE, Wash., April 2, 2013 /PRNewswire/ -- Vulcan Capital, the
Seattle-based investment management firm that oversees philanthropist Paul G.
Allen's multi-billion dollar portfolio, today announced that Abhishek Agrawal
has been named Managing Director and head of its new Palo Alto office. Mr.
Agrawal will direct Vulcan's presence in Silicon Valley and focus on expanding
the firm's investments in the internet and technology sectors.

Mr. Agrawal joins Vulcan Capital from General Atlantic, a global growth equity
firm with $17 billion in capital under management, where he has worked since
2005. He has been closely involved in General Atlantic's investments in the
internet and technology sector, including AKQA, Alibaba Group, Bazaarvoice,
Dice Holdings, Facebook, Gilt Groupe, Klarna, Network Solutions, and Red
Ventures, among others.

"We are thrilled to welcome Abhishek as part of the Vulcan Capital leadership
team," said Paul Ghaffari, Chief Investment Officer of Vulcan. "Abhishek
brings a dynamic investment approach to growth equity that is complementary to
our existing efforts in early-stage technology and the later stage buyout
markets. His stellar investment record and entrepreneurial approach will help
expand our reach in multi-stage technology investments."

"It is exciting to join a team that is looking to invest in the world's
brightest ideas and companies that are making a transformational change," said
Mr. Agrawal. "I am eager to oversee the strategic direction of the firm's new
Palo Alto office and explore new ways to expand Vulcan's internet and
technology growth investments on a global basis."

Prior to joining General Atlantic, Mr. Agrawal was with Lazard Technology
Partners, a technology-focused venture capital firm, where he made several
investments in the internet, enterprise software, and communications space.
Previously, Mr. Agrawal was in Lazard's investment banking group where he
provided mergers and acquisitions-related financial and strategic advisory
services to companies in the technology, media, and telecom sectors. He
received his B.S. in Economics with concentration in Finance from The Wharton
School, University of Pennsylvania, where he ranked first in his class, and
his M.B.A. from Harvard Business School where he graduated with highest
distinction and was a Baker Scholar.

Vulcan Capital's expansion into Silicon Valley reinforces its decades-long
commitment to technology-related companies, which make up a significant
portion of its investment portfolio. This new office will focus on making
investments in the $10-million to $100-million size range in internet and
technology companies, including mid- to late-stage venture capital, growth
equity, recaps, buyouts and strategic public market block investments. Vulcan
Capital will have an office in downtown Palo Alto and is planning to hire a
full team to work under Mr. Agrawal in upcoming months.

About Vulcan Capital
Vulcan Capital was formed in 2003 and is headquartered in Seattle, Wash. The
firm serves as the investment arm of Vulcan Inc., the company founded by Paul
G. Allen to manage his philanthropic and business endeavors. The firm invests
across all stages of corporate development through start-up and early-stage
companies, growth equity, leveraged buyouts, distressed situations, as well as
investing in public equities and other liquid asset classes. Vulcan Capital's
current portfolio spans a range of industry sectors, including technology,
life sciences, energy and natural resources, media and communications, and
financial and information services. Current portfolio companies include
Ascentium Capital, Silvercrest Asset Management Group, Redfin, Audience,
Applied Proteomics, Inc., Laureate Education and Pantheon Partners, among
others. For more information, visit

Christina Siderius, Vulcan Inc.

SOURCE Vulcan Capital

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