San Diego, Calif.-- Dec. 18, 1997--Peregrine Semiconductor Corp., developer of the patented UTSi (ultrathin-silicon) CMOS process for integrated circuit design, announced the conclusion of a $12.3 roundof private capital and the addition of Patricia M. Cloherty to thecompany's board of directors.
Peregrine was assisted in the private placement by A.G. Edwards & Sons of St. Louis, and Westview Securities of San Diego. Patricof and Co., a New York-based international private equity firm, invested$5 million of the $12.3 million total, with the remainder coming fromprivate investors.
Cloherty is a prominent figure in the venture capital industry and small business community, with more than 26 years of investing experience. Cloherty's work was honored in 1992 by the National Association of Small Business Investment Company's (NASBIC) highest accolade, the Lifetime Achievement Award. Cloherty is past presidentand chairperson of the National Venture Capital Association, former deputy administrator of the U.S. Small Business Administration (SBA), former chairperson of the Investment Advisory Council that revamped the SBA's Small Business Investment Company (SBIC), and former chairperson of the SBIC Reinvention Council.
Cloherty is a trustee of the Center for Entrepreneurial Leadership of theKauffman Foundation and of Rockefeller University and is also a member of the National Selection Committee for the Entrepreneur of the Year Award Program and of the Council on Foreign Relations. Clohertyalso serves on the boards of Agouron Pharmaceuticals, Inc., Diversa Corp.,Greenbacks, Inc., Momentum Partners, Inc., and Tessera, Inc. Clohertyholds a B.A. from the San Francisco College for Women and M.A.and M.I.A. degrees from Columbia University.
Return to Headlines