Chris Witkowsky
Lightspeed Venture Partners, which recently launched its next round of fundraising, is on track to receive commitments from the New York State Teachers’ Retirement System.
Thoma Bravo is marketing its flagship Fund XI, less than two years after closing its prior vehicle on $1.25 billion, according to three people with knowledge of the firm.
The Jordan Company has agreed to acquire Transilwrap Company, a manufacturer, converter and distributor of plastic film used in printing, laminating, packaging and industrial applications. As part of the announced acquisition, CIT Group has arranged a $160 million senior secured credit facility.
The Small Business Investor Alliance, an association for lower middle market private equity funds and investors, has hired Christopher Hayes as its legislative and regulatory counsel. Hayes most recently worked with the U.S. Department of Justice's civil division, commercial litigation branch, working on financial fraud cases involving financial institutions in connection with the 2008 subprime mortgage crisis.
Oregon's state Treasury senior investment officer John Hershey is taking over the newly created role of director of alternatives, which will put him in charge of alternatives, private equity, real estate and opportunistic strategies.
Pantheon has formed a separate account with Bayerische Versorgungskammer (BVK), Germany's largest public pension group. The separate account will invest in buyout, growth equity and venture capital funds in North America, Europe and Australia, as well as growth markets in Latin America, Asia and Africa. The account also will target secondary and co-investment opportunities globally.
CloudLock, a cloud data security company, has raised $16.5 million in Series C funding from new investor Bessemer Venture Partners. Existing investors Cedar Fund and Ascent Venture Partners participated in the round.
BrightFarms, an urban agriculture company, has raised $4.9 million in Series B funding from a group of investors led by NGEN Partners, Emil Capital Partners, BrightFarms founder Ted Caplow and several other prominent investors. The funding will allow BrightFarms to continue building commercial-scale greenhouses.
Apollo Global Management and Double Eagle Energy Holdings have expanded their strategic partnership to invest in oil and gas properties. The partnership will continue with its mid-continent operations, but will look to add new projects in the Permian Basin, the Eagle Ford and the Rocky Mountains.
Inventergy, an intellectual property acquisition and licensing company, has closed on an expanded $7.25 million private placement of its common stock. Laidlaw & Company worked as lead placement agent. Due to market demand, the offering was increased by 80 percent from its original target.