Comcast Interactive Capital and Peacock Equity Fund Combine to Form Comcast Ventures

Comcast Corporation CMCSA today announced that it has combined Comcast Interactive Capital, the venture capital affiliate of the company, with the Peacock Equity Fund, formerly the venture capital affiliate of NBCUniversal and General Electric, into a newly combined fund called Comcast Ventures. The new entity now manages the joint portfolio, valued at approximately $750 million. Amy Banse will serve as Comcast Ventures' Managing Director and Head of Funds. Comcast Ventures will invest in early-to-late stage businesses that represent the next generation of entertainment, communications and digital technology. Its primary goal will be to generate superior financial returns through the success of its portfolio companies by leveraging the experience, expertise and assets of the Comcast family of businesses. As part of her new role, Ms. Banse will relocate to San Francisco, focusing on a number of sectors, including digital media, e-commerce and entertainment. In addition to its presence in Silicon Valley, Comcast Ventures will maintain its offices in New York, Philadelphia and London. Ms. Banse will report to Michael Angelakis, Chief Financial Officer at Comcast Corporation.