Who’s coming back to market in 2015? We’re making our best predictions.
A Latin American fund offering from Southern Cross jumped the highest for Washington State Investment Board out of a selection of its fund managers potentially coming back to market in 2015.
This week there are chief investment officer, director of private equity, vice president client relations and private equity fund administrator senior associate positions for the taking.
Driving technology company Navdy has closed $6.5 million in seed round funding led by Upfront Ventures. Other investors include Ludlow Ventures, Lightbank, Promus Ventures, MESA+ I, Eniac Ventures, Wareness.io, et al.
Centerbridge Partners has filed a form D for its latest fund Centerbridge Capital Partners III LP specifying a target of $5.75 billion.
Aaron Perlmutter has been promoted to head Levine Leichtman Capital Partners‘ corporate finance group. Matthew Frankel and Andrew Schwartz have been promoted to managing directors.
Francisco Partners is to acquire Vendavo. Based in Mountain View, Calif, Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies.
Orchid Underwriters, an underwriter of property insurance focusing on coastal properties, has secured backing from Gryphon Investors. CEO Michael Ray and president Brad Emmons have retained a significant ownership position in the company and will continue to lead Orchid after the closing of the transaction. Terms of the deal were not disclosed.
Biotechnology company Visterra has completed a $30 million Series B financing round. The round was co-led by new Visterra investors Merck Research Labs Venture Fund, Vertex Venture Holdings and Temasek. Existing investors Polaris Partners, Flagship Ventures, Omega Funds and Alexandria Venture Investments and a new investor Cycad Group also participated.
Semafone, a UK business specialising in fraud prevention software has secured growth capital investment from Business Growth Fund, Octopus Investments and other existing shareholders. BGF has taken a minority stake and BGF investment director Alistair Brew has been appointed to the board with investment manager Will Gresty joining as observer to the board.
Jami Wintz McKeon has become chair of global law firm Morgan Lewis. She succeeds Francis M. Milone, who held the position since 1999.
Duff & Phelps Corporation has opened a new office in Frankfurt. Daniel Kittlauss and Dr. Timo Willershausen, managing directors, will jointly lead th new office.
Graham Holdings Company has named Timothy O’Shaughnessy, co-founder and former CEO of LivingSocial, as its president. O’Shaughnessy stepped down as chief executive officer of LivingSocial in August. During his tenure, the e-commerce and marketing company grew to sales of nearly $2 billion.
Three Hills Capital Partners has reached a final close of its first fund at the hard cap of 100 million euros ($127 million) reaching the high-end of the initial target. Three Hills Capital Partners was founded in November 2013 by Mauro Moretti, a former partner at Hutton Collins which he joined in 2008 from BC Partners.
Stealth tech startup C3DNA has raised a $2 million seed round. The financing was led by Kumar Malavalli, co-founder and former CTO of Brocade Communications. The round also included C3DNA CEO and serial entrepreneur Paul Camacho, among other unnamed parties.
This morning First Read brings news of Quantum’s Fund VI progress, KKR appointing a relationship management expert, healthcare opportunities apparently exploding and PE fundraising slowing in Q3 2014.
Welsh, Carson, Anderson & Stowe has sold portfolio company GlobalCollect to Ingenico Group. WCAS generated sale proceeds of approximately $815 million, which will be distributed to the partners.
Macquarie Group‘s Macquarie Infrastructure and Real Assets (MIRA) has reached a final close of Macquarie Infrastructure Partners III on its $3 billion hard cap. The fund exceeded its $2 billion target.