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In Second Opinion, Facebook’s Q2 revenue jumps 61%, a review of Amazon’s Fire phone, why the Federal Reserve Bank of NY is really upset with Deutsche Bank again and Twitter releases diversity info.

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AvantCredit racks up $275 mln from Tiger Global and VPC

Chicago-based online consumer lender AvantCredit said Wednesday that it has raised $75 million in a Series C round led by Tiger Global Management. Also, AvantCredit has secured a $200 million credit facility led by Victory Park Capital. The funding brings the company’s total equity and debt financing to more than $300 million.

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Nevada PERS bets more on venture: VCJ

The Public Employees’ Retirement System of Nevada has stepped up its venture capital investing over the past couple of years with commitments to Battery Ventures, Canaan Partners and Technology Crossover Ventures.

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Find out the latest midweek news including JPMorgan inching towards its PE business sale, insights into Indiana and Maine investment fees and expenses, public PE firms finally putting in a good performance and a review of growth equity funds.

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In Second Opinion, the five phases of being a GP at a VC or PE fund, how Banana Republic thinks “Startup Guys” dress and Bloomberg Beta’s first year. Plus who put the white surrender flags on top of the Brooklyn Bridge?

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peHUB First Read

This Tuesday morning First Read brings you news of Blackstone’s great Hilton gain and its Patria fund surpassing target, how familiarity breeds in the alternative investment world, Nevada’s venture bets and Illinois State Board of Investment recruitment.

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peHUB Second Opinion

In Second Opinion, Facebook’s buy of Oculus VR closed, the latest startup thriller, Yahoo is buying Flurry and Netflix ends Q2 with 50.05 mln subscribers. Plus, what is CNN worth?

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