140 Views

CounterTack closes $20 mln Series B round with funding from Alcatel-Lucent

CounterTack, which delivers real-time threat detection, has closed out its $20 million Series B funding with an investment from Alcatel-Lucent. Other investors in the Series B round include organizations in the commercial and federal sectors, including Goldman Sachs, the venture capital arm of Siemens, Fairhaven Capital, Razor’s Edge and OnPoint Technologies, the VC arm of the U.S. Army.

170 Views

Vector, Cerium Technology recapitalize Allegro Development Corp.

Vector Capital and Cerium Technology have recapitalized Allegro Development Corporation, a software provider for power and gas utilities, refiners, producers, traders and energy consumers. David Fishman, a managing director with Vector, will join Allegro’s board of directors. Jason Liu is joining Allegro as interim chief executive officer.

166 Views

SunTrust Robinson Humphrey hires four to capital markets team

SunTrust Robinson Humphrey has hired four finance industry executives to its capital markets team. The firm hired Ron Caldwell and Akis Psarris as managing directors, and Ricardo Simon and Matt Holbrook as directors. Caldwell joins SunTrust Robinson as head of Healthcare Syndicated & Leveraged Finance after 14 years at Bank of America Merrill Lynch. Psarris has joined the firm’s Liability Management practice from Lloyds Bank. Simon, who will head up SunTrust Robinson’s Commercial Real Estate & REIT Syndicated Finance practice, came from Wells Fargo, and Holbrook joins the Syndicated & Leveraged Finance group from Bank of America Merrill Lynch.

157 Views

Method Advisors hires former Harvard endowment private equity official

Private equity advisory firm Method Advisors has hired Orlando Mendoza as a partner working out of the Boston office. Mendoza, who came from Twin Focus Equity Partners, where he led the private equity global advisory practice, will focus on co-investments, fund investments and business development. Prior to Twin Focus, Mendoza worked at Harvard Management Company on the private equity portfolio.

238 Views

New Capital Partners hits $232 mln hard cap on Fund III

New Capital Partners has closed its third fund, New Capital Partners Private Equity Fund III, on the $232 million hard cap. Fund III beat its $200 million original target. The Birmingham, Alabama-based firm launched fundraising in March, 2014. Lazard worked as placement agent on the fundraising.

Lexington donates to rebuild flood-damaged school in Colombia

Lexington Partners has made a ‘significant donation’ to the Happy Hearts Fund toward the rebuilding of the San Francisco de Asis School in Cartagena, Colombia, which was heavily damaged by flooding in 2010. The school is set to be rebuilt by November 2014. The Happy Hearts Fund is a 501(c)(3) foundation dedicated to rebuilding schools in areas hit by natural disasters. The donation represents Lexington’s third successive donation to the Happy Hearts Fund.

morningballoons
549 Views

peHUB First Read

To end your week, First Read has advice for interns from a group of tech luminaries, President Obama lashes out against inversions and SecondMarket founder Barry Silbert is stepping down as CEO to focus on bitcoin.

594 Views

Riverwood invests up to $45 mln in water technology company

Riverwood Capital has invested up to $45 million in Underground Solutions, Inc., a water and wastewater infrastructure technology business. The transaction includes initial funding of $30 million in the company’s Series C preferred stock, with an option for an additional $15 million investment. A portion of the investment will be used to acquire Process Solutions, Inc., which developed and sells two water technologies.

Cambridge hires Koriath as head of UK pension practice

Cambridge Associates has hired Alex Koriath as head of the UK pension practice. Koriath joins Cambridge from KPMG’s investment advisory team in London, where he worked as director and head of fiduciary management advisory services and head of manager research.

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