Proceeds from venture financings, initial public offerings, and secondary equity placements totaled $10.5 billion, rebounding after witnessing a sharp decline in 2010.
Heartland will raise $20m to partially fund the cash portion of the payment, which will come from a $15m equity placement and a $5m share-purchase plan.
In addition, a more aggressive and well-capitalized office may be engaged in private equity placement, venture capital opportunities, and real estate development.
