WALNUT CREEK – As Cheryl Dumesnil and Tracie Vickers prepared for their wedding a decade ago, they thought about living in San Francisco, where other gay and lesbian families would surround them, or retreating to the suburbs where they grew up were.

Their choice of central Contra Costa County made them pioneers, the first two-mother family in their leafy Walnut Creek neighborhood.

“This is Tracie's suburban dream,” Dumesnil said Tuesday at their ranch house, as the couple's 6-year-old son, Brennan, quietly read a book and 4-year-old Kian marched around the kitchen, a singing troubadour playing a white guitar Guitar. Neighbors welcomed this family with cookies and open arms.

“After saying I would never move to the suburbs again, here I am,” Dumesnil said.

The family of four is among nearly 1 percent of California households – about 126,000 households – headed by same-sex couples, according to 2010 Census statistics released Thursday. If the numbers are accurate, they show that nearly a quarter of same-sex couples in California are raising children.

While San Francisco remains a gay hub – the city has more than 10,000 gay and lesbian couples, compared to fewer than 300 in Walnut Creek – the census found same-sex couples in every corner of the state, making it clear that Same-sex couples in many parts of the state, suburban and rural areas have far higher chances of having children.

“We are not just a special interest group concentrated in large urban centers,” Dumesnil said. “We’re basically everywhere, just trying to live a legally protected and fulfilling life.”

Fifteen years after the federal Defense of Marriage Act banned gay marriage and seven years after San Francisco Mayor Gavin Newsom defiantly ordered licenses to be granted to same-sex couples, gay and lesbian families remain at odds political crosshairs, but also say that society is increasingly at risk. I'm getting used to having them – and their children – with us. In turn, whether they have been previously counted or not, more same-sex couples are aware of identifying themselves on census forms.

Demographers warn that the numbers may overcount same-sex couples because opposite-sex couples miscoded each other in a confusing way. The errors are compounded because there are far more opposite-sex couples than same-sex couples.

Gay and lesbian couples are identified in the census when the head of the household reports living with a “husband” or “unmarried partner” of the same sex. Changes in the way the Census Bureau counts same-sex couples make it difficult to accurately compare with the 2000 census, when the count found more than 92,000 same-sex couples in California.
However, it is clear that the number of open same-sex couples nationwide has increased significantly over the last decade.

“We have evidence that over time, more and more people are willing to report (same-sex unions),” said demographer Gary Gates of UCLA's Williams Institute on Sexual Orientation Law. “We saw that these increases were the largest outside of well-known gay neighborhoods. I expect these increases would be larger in the Central Valley than in San Francisco.”

Same-sex couples in suburban and rural areas are far more likely to be raising children than their urban counterparts. National studies show that about 19 percent of children of same-sex couples are adopted, Gates said. Many more are children from previous heterosexual relationships.

“This type of pattern is much more common in conservative areas where people come out later in life,” Gates said. “The further you get from San Francisco, the greater the proportion of same-sex couples raising children.”

For some same-sex couples, life in the outskirts of the Bay Area still seems like living on a cultural frontier.

The census counted 138 gay male couples in Antioch last year and found that 30 percent of them have children. However, partners Joe Horacek and Jonathan Lee only know one other family like them, who lives on the other side of town.

The family moved from South San Francisco to Antioch in 2004 because they wanted a larger, cheaper home to raise their three adopted children. Horacek and Lee were among about 18,000 same-sex couples who married for six months in 2008, when gay marriage was legal in the state, before voters passed Proposition 8. Life in Antioch was simpler when the children were small; Her oldest children, 14 and 13, now struggle to fit in in a community where two fathers are a rarity.

“My son encountered some negative reactions from kids on Facebook,” said Horacek, a local teacher. “We don’t want to be the ones putting the targets on their backs. All children get teased about something, but usually it has to do with themselves. We add that additional liability for customization.”

Hosts who greet the family of five at local restaurants sometimes mistake them for two separate parties. Because her 9-year-old daughter doesn't have a mother, a school principal recently asked if she could play the role for a Mother's Day tea. Usually polite conversation smooths over an adult's confusion, but the couple sometimes wonders if life would be easier for their children on the other side of the East Bay hills.

“For the most part, no one has questioned us or given us any problems, but there is more assumption here that the children have both a mother and a father,” Horacek said. “I know that, particularly in places like Berkeley and Alameda County, conversations about different types of families and same-sex relationships are part of the curriculum. That’s not necessarily the case out here.”

Three percent of households in San Francisco and just over two percent of households in Oakland, Berkeley and Emeryville are headed by same-sex couples, making these Bay Area cities with the highest concentrations of gay and lesbian partners. Other East Bay cities are close behind, and most of the neighborhoods outside of San Francisco with the census-highest number of same-sex couples are along the East Oakland foothills.

Same-sex couples from the East Bay are also more likely to have children than couples from San Francisco, although the same is true for heterosexual couples as well. Just over 4 percent of gay male couples in San Francisco and 19 percent of lesbian couples have children, compared to 11 percent of gay male couples and 22 percent of lesbian couples in Oakland.

Maya Scott-Chung and her multi-ethnic family also chose the East Bay because she found it more diverse.

“It wasn't just because we could afford to buy a house here, although that was part of it,” said Scott-Chung, who lives with her transgender partner and daughter in Oakland's San Antonio neighborhood . “It is important to us to live in Oakland because it is one of the most culturally, linguistically and economically diverse places in the Bay Area and probably the world. There are a large number of lesbian and two-mother families here.”

Nationally, lesbian partners are more likely to raise children than gay men – 32 percent of lesbian households have children, compared to 17.8 percent of gay male couples. Horacek said being a minority among minorities in a place like Antioch can be exciting and a little scary.

“Obviously gays have been in relationships for centuries, but this appears to be the first generation where this is happening in large numbers, particularly through the addition of children into the family,” he said. “We sometimes feel like we are soldiers at the front. Change is happening, but it’s still not mainstream here.”

Dumesnil said she and her wife have seen perceptions in Walnut Creek slowly change as they interacted with straight families at school events and in their neighborhood.

“Someone has to be out here,” she said. “In a way, the presence of the children was the great equalizer.”

Cities in the Bay Area with
the highest percentage
of same-sex couples

Guerneville: 7.6 percent of all households are headed by same-sex couples (176 same-sex couples)
San Francisco: 3 percent (10,384)
Oakland: 2.2 percent (3,442)
Emeryville: 2.1 percent (119)
Berkeley: 2.1 percent (961)
El Cerrito: 1.9 percent (189)
Pacifica: 1.7 percent (237)
Albany: 1.7 percent (123)
Alameda: 1.5 percent (459)
San Rafael: 1.3 percent (301)
Vallejo: 1.2 percent (497)
Santa Rosa: 1.2 percent (757)
Richmond: 1.2 percent (427)
Concord: 1.2 percent (512)
Pleasant Hill: 1.1 percent (152)
San Leandro: 1.1 percent (326)

nationwide household figures

49%
Households headed by
Man-woman couples

6.2%
Households headed by unmarried partners of different genders
1 %
Households headed by
same-sex partners

43.4%
Resident does not live with us
a spouse or unmarried partner

The post Census statistics present quarter of California same-sex {couples} elevating youngsters – East Bay Instances appeared first on Los Gatos News And Events.

Tiger Global Management, the New York-based investment powerhouse, is raising a new $ 3.75 billion venture fund called Tiger Private Investment Partners XIV, which is slated to close in March, according to a recent letter to its investors.

Despite its title – partners may be superstitious – the fund is Tiger Global’s thirteenth venture fund, and it follows the company’s twelfth venture fund, which closed exactly a year ago and also has $ 3.75 billion in capital commitments Has.

A company spokesman declined to comment this morning on the letter or Tiger Global’s broader fundraising strategy.

It’s a lot of capital to target even in the midst of a sea of ​​huge new venture vehicles. New Enterprise Associates closed its newest fund for $ 3.6 billion last year. Lightspeed Venture Partners announced $ 4 billion in three funds shortly thereafter. Andreessen Horowitz, the youngest of the three companies, announced in November that it had closed two funds totaling $ 4.5 billion.

At the same time, Tiger Global apparently has a strong argument to introduce potential limited partners. In the past year alone, numerous portfolio companies went public or were taken over.

Yatsen Holding, the nearly five-year-old parent company of China-based cosmetics giant Perfect Diary, went public in November and is now valued at $ 14 billion. (Tiger Global’s involvement didn’t deserve a mention in the company’s regulatory filings.)

Tiger Global also tacitly invested in cloud-based data warehousing company Snowflake, and while it wasn’t big enough to be included in the company’s S-1, even a tiny ownership stake would be valuable as Snowflake is now on Estimated $ 85 billion.

Tiger Global backed Root Insurance, a nearly six-year insurance company based in Columbus, Ohio that went public in November and currently has a market cap of $ 5.3 billion. Tiger owned 10.3%, which went into the offer.

The story goes on

As for mergers and acquisitions, Tiger Global saw at least three of its companies swallowed up by larger tech companies in 2020, including selling all of Postmates’ shares to Uber for $ 2.65 billion; the sale of $ 7 billion in cash and stock of Credit Karma to Intuit; and the sale of Kustomer, which focused on customer service platforms and chatbots, to Facebook for $ 1 billion.

Tiger Global, with roots in hedge fund management, launched its private equity business in 2003, led by Chase Coleman, who previously worked for Tiger Management for hedge fund pioneer Julian Robertson; and Scott Shleifer, who joined the company in 2002 after three years with the Blackstone Group. Lee Fixel, who was supposed to be an important contributor to the business, joined in 2006.

Shleifer focused on China, Fixel focused on India and the rest of the company’s support team (which now employs 22 investment professionals) helped find business in Brazil and Russia before it began to look more aggressively on opportunities in the US focus

Each investment decision was ultimately made by each of the three. Fixel left the company in 2019 to start his own investment firm Addition. Now Shleifer and Coleman are the sole decision makers in the company.

Whether the company will eventually replace Fixel is an open question, though it doesn’t seem like the plan. Tiger Global is known for encouraging investors into its operations rather than hiring outsiders, so a new top lieutenant would almost certainly come from its current team.

Meanwhile, the company’s private equity arm, which has written everything from Series A (Warby Parker) checks to checks for hundreds of millions of dollars, currently manages $ 30 million in assets compared to its 49 Billions of dollars, the Tiger is being handled more broadly.

A year ago, Tiger Global, which has 100 employees, reportedly managed assets of $ 36.2 billion.

According to the company’s investor letter, the company’s gross internal return for its 12 previous funds is 32% while the net IRR is 24%.

Tiger Global’s investors include a mix of sovereign wealth funds, trusts, trusts, pensions and its own employees who, taken together, are currently considered the company’s largest investors.

Tiger Global’s biggest wins to date included a $ 200 million bet on e-commerce giant JD.com, which grossed the company $ 5 billion. It also settled more than $ 1 billion on China’s online services platform Meituan, which went public in 2018, according to WSJ.

Tiger Global also reportedly raised $ 3 billion from the majority sale of India’s Flipkart to Walmart in 2018, although the Indian government has recently attempted to reclaim $ 1.9 billion from the company, claiming it did have outstanding taxes on the sale of their stake in the company.

A finding that might surprise even Tiger Global’s investors, who are affiliated with the related fitness company Peloton, which at the time of Peloton’s 2019 IPO (a deal that Fixel allegedly brought to the table with Flipkart) was 20% owned. With the addition of new users during the pandemic, Peloton – which was valued at $ 4 billion by private investors and instantly doubled as a public company – now has a market cap of $ 48.6 billion.

Tiger Global has invested its current fund in around 50 companies over the past 12 months.

The latest bets include Blend, an eight-year-old San Francisco-based digital lending platform, which yesterday announced $ 300 million in Series G funding, including Coatue, with a post-money rating of 3.3 Announced billions of dollars.

It also spearheaded the newly announced $ 450 million Series C Round for Checkout.com, an eight-year-old London-based online payments platform now valued at $ 15 billion. And it wrote a follow-up check to Cockroach Labs, the nearly six-year-old New York-based SQL distributed database that has just raised $ 160 million in Series E funding valued at $ 2 billion just eight months after raising $ 86.6 million Round D.

Another of their newest and biggest bets is focused on the online education platform Zuowebang in China. Back in June, Tiger Global spearheaded a $ 750 million Series E round at the company.

It came back last month, spearheading a $ 1.6 billion round in the distance learning company.

Pictured: Scott Shleifer, Partner and Head of Private Equity at Tiger Global Management, right, speaks to an attendee during the UJA-Federation of New York Wall Street Dinner in New York, on Wednesday, December 14, 2011.

The post Tiger International is elevating a brand new $3.75 billion enterprise fund, one 12 months after closing its final appeared first on Los Gatos News And Events.