All of the Private Equity investments made and managed by the Private Equity team in the Morgenthaler funds have been fully realized. As a result, Morgenthaler no longer has any Private Equity investment activity.  In 2013, Peter Taft, Karen Tuleta, Joe Machado and the rest of their team formed MPE Partners (aka “Morgenthaler Private Equity” and “MPE”), which focuses on lower middle market leveraged buyouts, recapitalizations, and build-up investments. MPE and Morgenthaler are separate and distinct entities and MPE is not an affiliate of Morgenthaler.