Chris Witkowsky
Stem Inc., which recently closed its $15 million Series B funding round with investment by GE Ventures, Iberdrola (Inversiones Financieras Perseo), and Angeleno Group, has named John Carrington as chief executive officer. Prior to Stem, Carrington was CEO of MiaSole, a CIGS-based solar company.
The Carlyle Group has agreed to invest up to $200 million over three years in oil and gas exploration company Discover Exploration Limited. The investment will fund existing operations in New Zealand and the Union of the Comoros as well as new opportunities. The investment represents the first investment from CIEP, a fund that focuses on oil and gas exploration and production, midstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia.
Consumer Growth Partners has invested in VIOlife, a developer, marketer and distributor of oral and personal care products and accessories. The investor group includes Consumer Growth and its co-sponsor PMC Partners, as well as Banyan Mezzanine Funds, Diamond State Ventures and Siena Lending Group.
Joe Dear, the chief investment officer of the California Public Employees’ Retirement System who was sidelined earlier this year after being diagnosed with prostate cancer, has returned to work.
The chief investment officer of the Pennsylvania State Employees’ Retirement System, one of the oldest and most prolific public system limited partners in the private equity industry, has resigned effective Dec. 31.
Lagoa, the 3D cloud platform company, has closed a $5.3 million Series A funding round led by Atlas Venture, and including Siemens and Real Ventures. The funding will be used to advance Lagoa's 3D cloud technology. The Series A round follows a $1.6 million seed funding round.
Prospect Capital Corporation has invested $144.5 million in four new deals encompassing 19 rent-producing multifamily residential properties totaling 5,652 rental units and 5.66 million rentable square feet. Prospect now has an aggregate investment of $288.3 million in 10 separate deals.
Pixalate, a real-time ad analytics platform, has raised $4.6 million in Series A funding led by Javelin Venture Partners. The company will be offering free of charge its real-time ad viewability and fraud detection services to brands and agencies.
OFSCap, a boutique investment and merchant banking firm, has formed an energy restructuring team, naming oil and gas turnaround executives Fred Zeidman and Jeffrey Freedman to lead the group. The team will focus on restructuring distressed energy companies, projects or joint ventures.
Maxim Partners has partnered with G.W. "Bill" Dietrich and William "Billy" Dietrich to form Bobcat Disposal Companies to acquire and integrate residential, commercial and industrial solid waste companies across the U.S. Bobcat will draw capital from Maxim, which is an environmental services focused firm that gets support from Falcon Investment Advisors.