Chris Witkowsky
Silver Oak Services Partners has invested in iSystems in partnership with the founders and management. iSystems, based in Colchester, Vermont, is a software-as-services provider of payroll, tax and HR management software.
DFJ Growth has closed its second fund, DFJ Growth 2013, on $470 million to target rapidly scaling tech companies. Draper Fisher Juvetson has raised about $800 million in fresh capital including the growth fund and DFJ Venture XI, which closed on $325 million earlier this year.
Strategic Value Partners has hired Wellspring Capital Management principal Daniel Han as managing director on the U.S. investment team. Han worked at Wellspring for 12 years. Prior to Wellspring, Han was an investment banking analyst at J.P. Morgan.
The Future Capital Bitcoin Fund has launched a $30 million fund targeting companies that leverage services based on bitcoin and other crypto-currencies. The fund, led by Domenic Carosa, will source opportunities for companies facilitating payments, exchanges, trading and smart property rights based on bitcoin digital currency ecosystem.
Swander Pace Capital has invested in Recochem, Inc., a Montreal-based producer of specialty consumer and industrial chemical products. The investment is Swander Pace's 10th in Canada over the last decade. Terms of the deal were not disclosed.
Thoma Bravo has closed Fund XI on its $3.65 billion hard cap, beating its $2.5 billion target. Fundraising for Fund XI launched in January and finished with just a single close.
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Andrew Kripke, a former executive at Caspian Private Equity, has joined the Abu Dhabi Investment Authority as a portfolio manager in the U.S. fund investments business, an ADIA representative confirmed.
Carlyle Group-backed NGP Energy Capital Management is in the market targeting $4.5 billion for its 11th fund, according to a limited partner who has heard the firm’s pitch.
SHOP.CA, an online shopping platform, has raised $31 million in Series B funding. New investors in the funding round include Shaw Ventures, alongside a group of large North American financial institutions. SHOP.CA's existing investors, including Torstar Corporation, Slaight Communications, Difference Capital and a group of SHOP.CA team members also participated in the funding. The round brings total cash raised to $52 million in under two years.