Invus leads $45 mln Series B funding in Cava Group

Cava Group raised $45 million in Series B funding led by Invus. Other investors in the funding round included Swan & Legend Ventures and Revolution Growth. Funding will help Washington, D.C.-based Cava Grill’s growth including new markets and locations on the east and west coasts.

Littlejohn’s Wellfleet Credit closes debut CLO on $360 mln

Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed its debut collateralized loan obligation on $360 million. The CLO will be backed by a portfolio of broadly syndicated senior secured loans. Littlejohn funds and its partners are investors in the CLO, which has a two-year, non-call and four-year investment period with a final maturity of 12 years. Littlejohn Debt Management formed Wellfleet earlier this year to invest in broadly syndicated loans and related fixed income investments.


Fortress loses PE-focused MD Arvedlund

Maggie Arvedlund, a managing director who focused on private equity within Fortress Investment Group’s struggling hedge fund business, has left the firm for undisclosed reasons, according to two people with knowledge of the situation.

New Leaf Venture leads $25 mln funding in Kyruus

New Leaf Venture Partners led a $25 million funding round in Kyruus, an enterprise software company for hospitals. Other investors in the funding included Providence Health & Services, Leerink Capital Partners and McKesson Ventures. Existing investors Venrock, Highland Capital Partners, Lux Capital and Fidelity Biosciences also participated in the funding. Sam Brasch, venture partner at New Leaf, has joined Kyruus’ board.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget