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Trending on peHUB this week: Jobs for college seniors at PE-backed companies, Munder Capital and Victory Capital merging, TIAA-CREF buying Nuveen, Pomona Capital fundraising, and more.


Judge to consider dismissing buyout lawsuit against GTCR

A U.S. District Court judge is scheduled next month to consider dismissing a suit filed against GTCR by Universal American Corporation for allegedly providing misleading information about the financial condition of APS Healthcare prior to its agreeing to buy the company from GTCR.

CalSTRS commits $200 mln from emerging manager portfolio

The California State Teachers’ Retirement System has committed $200 million from its Private Equity Proactive Portfolio, which focuses on small, niche emerging managers. CalSTRS made a $100 million pledge to Chicago-based Muller & Monroe Asset Management, which is targeting $400 million for its M2 Private Equity Fund of Funds II. CalSTRS also committed $100 million to BAML Capital Access Funds Management. The commitments expand the system’s emerging manager program to $1.9 billion.

East Atlantic Investment Corp launches new startup Pango

East Atlantic Investment Corp. said Wednesday that it has launched Pango. William Keenan has been named chairman and CEO of Pango. Based in Wilmington, Delaware, Pango is a provider of alternative funding solutions for small to medium-sized businesses.

Horizon Technology Finance exits investment in bankrupt Xtreme Power

Horizon Technology Finance Corporation has exited its investment in Xtreme Power Inc. in connection with a U.S. Bankruptcy Court approved sale of substantially all of the company’s assets. Horizon made a full recovery of its investment, including principal, interest and fees, resulting in a realized gain of 17.7 percent. With the sale, Horizon received cash proceeds of $9.9 million, applying $2.8 million to fully reimburse the debtor-in-possession financing it provided the company. Horizon used the remainder of proceeds to pay off Xtreme’s venture loan balance, including fees and expenses.


View from the secondary market: Sought-after venture capital funds

Secondaries broker Setter Capital has published a list of the 25 most sought after venture capital funds on the market. Brand names like Sequoia Capital and New Enterprise Associates topped the list, but overall venture funds have less demand than buyout funds, in part because of venture GPs’ tight control over transfer of LP stakes.

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