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Online home decor retailer Wayfair grabs $157 mln

Wayfair said Friday that it has closed $157 million in Series B financing. T. Rowe Price Associates led the round with participation from TripAdvisor CFO Julie M.B. Bradley. Headquartered in Boston, Wayfair is an online retailer of home furnishings and decor. Its backers include Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners.

HarbourVest Partners appoints König as MD

HarbourVest Partners has appointed Olav König as a managing director and head of sales and client service for Europe, the Middle East, and Africa. In this role König will expand and enhance HarbourVest’s relationships with investors and their advisers in the EMEA geographic region.

Wayfair Raises $36.3M From Battery, Great Hill, HarbourVest & Spark

Wayfair.com said it raised $36.3 million in equity financing from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital. The money will be used to grow Joss & Main, the company’s private sale site for the home. The site has nearly three million members and is operating at a $100 million annual revenue run-rate.

CHAMP Ventures Acquires Majority Stake in Sea Swift

CHAMP Ventures 7 Funds has acquired a majority interest in the Queensland-­based marine logistics company Sea Swift. HarbourVest Partners is investing alongside CHAMP. Sea Swift has over 300 staff and 25 vessels, with current turnover of approximately $100 million.

HarbourVest To Buy Conversus PE Portfolio

HarbourVest Partners has agreed to buy the private equity portfolio held by Conversus Capital for $1.4 billion, or $22.11 per Conversus unit as of April 30. The deal is expected to hold an initial close during Q4 with subsequent closings occurring throughout 2013. In February, Conversus announced a review of strategic alternatives, including a possible […]

BenefitMall and CompuPay Merge with Austin Ventures Backing

BenefitMall and CompuPay have merged through an equity financing led by Austin Ventures and including HarbourVest Partners. The merger of BenefitMall and CompuPay will create a national provider of employee benefit and payroll solutions. PRESS RELEASE BenefitMall and CompuPay (together, the “Company”) today announced a merger of the companies through an equity financing led by […]

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Returns Scorecard: 10 Top Funds of Funds: CORRECTED

Back in 2008 and 2009 I took an in-depth look at the performance of funds of funds and, well, found them lacking. I raised the question of whether they were worth the added layer of management fees and, in many cases, carried interest. This year I revisit the subject with a larger, 80-fund, pre-vintage 2007 […]

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