GRP Partners is at it again. The VC—which seems to continually be bagging early-stage hits—is raising a fourth fund with a bigger target than the one it closed in just 2008. GRP has already completed a first close, and will likely do a second before the end of 2011, four sources confirm to peHUB. A [...]

HMS Holdings has reached an agreement to acquire privately held HealthDataInsights (HDI) for approximately $400 million. The transaction is not contingent upon financing and is expected to close by December 31, 2011, subject to regulatory approvals. HDI has received backing in the past from investors GRP Partners, Ticonderoga Capital and Redhills Ventures. PRESS RELEASE HMS [...]

Santa Monica, Calif.-based Pose has raised $3 million in Series A financing from GRP Partners, True Ventures and Mousse Partners. The company – which makes a mobile social platform for fashion and shopping – will use the infusion for development and engineering. The Pose app is available on the iPhone and Andoid operating systems.

For VCs in search of the next hot investing trend, Mark Suster has two words: Internet TV.

Not that anyone has been paying much attention to him, Suster told a crowd at the Venture Alpha conference held yesterday in San Francisco. “I’ve walked up and down Sand Hill Road and not a single person agrees with me.”

Suster thinks this “means I’m on to something.” But it’s easy to see why others might not agree, beginning with the enduring popularity of good old-fashioned TV. According to the Nielsen Company, Americans watch 5.3 hours of television every single day, and every year, they watch just a tiny bit more than the year before. Indeed, in its latest report….

SAN FRANCISCO, July 21 (Reuters) – The economy has consumers in a stranglehold, and some tech entrepreneurs — and well-heeled venture-capitalists — are taking notice. Los Angeles-based ZestCash is the latest in a string of short-term consumer-loan companies to win VC backing, landing $11 million in Series A equity financing from a group led by [...]

Catch up with what your peers found most interesting on peHUB this week. The top 10 posts that garnered the most pageviews from regular readers from June 27 to July 1 include GRP Partner Mark Suster’s take on how changes in the software industry will impact venture investing, a giant slideshow of photos from our Chicago Shindig, IRRs from CalPERS, the uncanny similarities between Andreessen Horowitz (aka A16Z) and Kleiner Perkins and the biggest owners of Zynga (which filed to go public today).

1. Slideshow: Chicago Shindig Photos — Lots of ‘em, by Lawrence Aragon
2. Slideshow: IRRs From CalPERS’ Brand Name Venture Funds Underwhelm (Part I), by Mark Boslet
3. Slideshow: CalPERS’ Recent Vintage Brand Name Venture Funds Show Promising IRRs, Largely (Part II), by Mark Boslet
4. Slideshow: Top 10 PE-backed Deals This Year, by Luisa Beltran
5. Kleiner Perkins and Andreessen Horowitz: Separated at Birth?, by Connie Loizos
6. Understanding the Changes in the Software & Venture Capital Industries, by Mark Suster, general partner with GRP Partners
7. Slideshow: Who Are Zynga’s Biggest Shareholders?, by Lawrence Aragon
8. Slideshow: 10 Largest Pending Q2 LBOs, by Bernard Vaughan
9. Here Comes the Deal That Will Save Kleiner Perkins’ Bacon, by Connie Loizos
10. Slideshow: Accel-erating Returns at the Top-Tier VC, by Jonathan Marino (subscribers only)

The venture capital industry has changed over the past 5 years in ways that I believe will be lasting rather than temporal change. We are in the process of our own creative destruction with new market entrants and new models of innovation at the precise moment that our industry itself is contracting. When the dust [...]

Minno is Minno no more. The online payments company raised $700,000 in the form of a seed round from investors including GRP Partners and Farhad Mohit, the Shopzilla founder, and is rebranding itself as well. According to its blog posting, Minno will rebrand as BuySimple. Specifics on the funding or personnel moves were not made public.

Marketing company RingRevenue has rased $4 million in venture capital financing, bringing its total financing to $7.5 million. Los Angeles-based GRP Partners and Santa Barbara, Calif.-based Rincon Venture Partners led the latest round, which will be used to bolster its customer development and support teams. Santa Barbara, Calif.-based RingRevenue develops call performance marketing technology, as well as tracking and analytics technology for advertising campaigns.

Wave Crest Holdings Ltd., a Gibraltar-based provider of epayment solutions, has raised $8.5 million in Series B funding. GRP Partners led the round, and was joined by Park Ventures.