Chris Witkowsky
GenNx360 Capital Partners has hired Glen Bushery, former chief financial officer and chief compliance officer of Falconhead Capital, as CFO effective immediately. Prior to Falconhead, Bushery worked as controller for Vestar Capital Partners. He has also worked as assistant controller at The Blackstone Group.
To start your week, First Read has the political evolution of Sean Parker, big mutual funds becoming venture capital investors and seven limits Congress should impose on a Comcast/Time Warner merger.
The Florida State Board of Administration committed $975 million to alternative investments in the first quarter, including $625 million to private equity, according to a summary provided by the retirement system.
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.
Amérigo Chile Early Stage and Growth has led a $2 million Series A funding in Inbenta, which offers semantic search technologies. Amérigo is a network of venture capital funds that forms part of Telefónica's commitment to boosting technological innovation around the world.
Victory Capital Holdings has agreed to acquire Munder Capital Management, including its wholly owned subsidiary Integrity Asset Management. The all-cash purchase will form an independent investment advisory firm with $37 billion in assets under management and headquartered in Cleveland, Ohio. Additional equity financing will be led by Crestview Partners and Reverence Capital Partners.
SpringCM, which provides content cloud services, has raised $18 million from existing investors, including Foundation Capital. New investors in the funding included Square 1 Bank and Fort Worth, Texas-based Goff Capital. SpringCM will use the funding to scale its direct sales.
Novo A/S has led an $18 million Series B funding in Nora Therapeutics, a biotechnology company focused on developing therapeutics to address needs in reproductive medicine. Other participants in the funding round included all Series A investors -- Burrill & Company, Prospect Venture Partners, Rho Ventures and Vivo Capital. Heath Lukatch, partner at Novo Ventures, will join the company's board of directors.
Symphony Technology Group has acquired healthcare data integration and analytics company MDdatacor from Noridian Mutual Insurance Company. Terms of the deal were not disclosed. MDdatacor will be joined with other assets from Symphony to form Symphony Performance Health.
Insight Venture Partners has invested $250 million in Campaign Monitor, which provides SaaS-based email marketing and design solutions. The investment represents the company's first round of funding. Insight managing directors Deven Parekh and Nikitas Koutoupes, along with associate Dan May, will join the company's board.