A report that Lighthouse Capital Partners was splitting appears to be unfounded. Co-founders Gwill York and Rick Stubblefield, according to the media report, of the Boston- and California-based firm were going their separate ways because of differences over investment strategy. York reportedly wanted to concentrate on conservative investing in the U.S., while Stubblefield eyed more aggressive investments elsewhere, according to Private Equity Insider. Daniel Primack of PE Week, however, quotes a firm spokeswoman who says the duo is looking to launch a sixth venture debt fund later this year, and Lighthouse still has plenty of the $366 million of its fifth fund to continue investing until early next year. What’s more, Lighthouse, with an estimated $1 billion AUM, has just announced a strategic alliance with California-based Magnolia Capital Partners to bring venture lending to Israeli and emerging Israeli-related companies in the tech and life sciences sectors. Magnolia is the exclusive representative in Israel of investment bank Thomas Weisel Partners.
