Spectrum Equity promoted Jeff Haywood to managing director, Parag Khandelwal to principal, Adam Gassin to vice president and Maureen Sullivan to manager of investor relations. Haywood joined Spectrum in 2007 and focuses on healthcare IT, software and information services. He was closely involved in Spectrum’s investments in Passport Health, Net Health, MedHOK and RainKing. Khandelwal joined in 2012 and focuses on software, information services and internet. Gassin joined in 2017 while Sullivan joined the same year from Harvard Management Co.
TA Associates completed an investment in Behavioral Health Works, a behavioral health services provider focusing on therapy and services for children with autism spectrum disorder. Financial terms of the deal were not disclosed. TA’s Emily McGinty will join Behavioral Health Works’s board of directors.
Spectrum Equity and Health Enterprise Partners invested in Payer Compass, which provides healthcare reimbursement technology. Jeff Haywood, Steve LeSieur and Michael Radonich from Spectrum Equity, and David Tamburri from Health Enterprise, will join the Payer Compass board.
Pfingsten-backed Oliver Printing & Packaging acquired packaging business DISC Graphics, the platform’s second add-on. Pfingsten first invested in Oliver in May 2016. In 2017, Oliver acquired Pohlig Bros. Packaging.
Public Sector Pension Investment Board is shopping a portfolio of private equity stakes valued at more than $1 billion, sources told Buyouts. PSP is one of numerous public-pension systems selling PE stakes on the secondary market, helping drive deal volume to potentially record levels. Other systems that have used or are using the secondary market […]
Gallant Capital Partners, launched last year by two former Gores Group executives, raised about $115 million and held a first close on its debut fund in November, sources told Buyouts. The firm is targeting $300 million for its debut fund, launched early last year and focused on investments in lower-middle-market complex situations and carveouts. Park Hill […]
The Center for Entrepreneurship at Ben-Gurion University of the Negev is launching a $1 million student-run venture capital fund called Cactus Capital. The fund will invest in student, recent graduate and academic entrepreneurial projects. The fund will be led by BGU students who completed training in venture investing by fresh.fund, Israel’s university-focused venture fund. The fund will target investments of up to $5,000 for tech startups still being developed; up to $20,000 for more developed startups and up to $5,000 for social entrepreneurship across market verticals.
Siris Capital, a tech-focused firm that has grown quickly, is expected to hit its $3.5 billion hard cap on its fourth fund in January, a source said. Siris Partners IV will be its largest to date, eclipsing Fund III, which closed on $1.81 billion in 2015. Siris is essentially done fundraising and is waiting for […]
Abry Partners-backed Hilb Group acquired Massachusetts-based H.J. Knight International Insurance Agency effective Dec. 1, 2018. HJK is a full-service brokerage in commercial insurance and risk management industry. Managing Director Matt Lanza and his team will continue to operate out of HJK’s Braintree, MA location.
Tech titans are looking for talent outside the meccas of Silicon Valley and Seattle, but they aren’t really sharing the wealth. Instead, they’re building satellite campuses in already wealthy places like New York, Austin and Boston, the New York Times reported. Apple said recently that it would build a $1 billion campus in Austin, expanding to […]
Vista Equity Partners in December promoted three senior vice presidents, Rachel Arnold, Justin Stalder and Justin Cho, and Director of Capital Markets Kevin Sofield, into its partnership ranks, which at the firm are classified as principals, sources told Buyouts. Arnold, who works in Vista’s private equity operations group, joined Vista in 2012, prior to which she […]
Coller Capital, Neuberger Berman and Singapore’s GIC sovereign-wealth fund emerged as lead investors on the restructuring process for Thomas H. Lee Partners’ largest-ever fund, sources told Buyouts. The deal is an example of a high-profile GP turning to the secondary market to deliver liquidity to investors in an older fund. Other GPs that have run such […]
A senior executive at Triton left the firm as the European shop wraps up marketing on its largest fund to date, prompting questions from some investors about the timing of the departure. Carl-Johan Falkenberg, co-head of the firm’s Nordics and business-services team, left the firm recently, Marcus Brans, Triton’s head of communications, confirmed for Buyouts. […]
Campbell Lutyens hired ex-Park Hill Group executive Fred Han as a principal. Han has worked at Park Hill, where he was most recently principal, UBS and Greenhill Cogent.
Neuberger Berman settled with the SEC over improper fees charged to investors in the firm’s Dyal Capital funds, which buy minority stakes in private investment firms. Neuberger Berman agreed to disgorge just over $2 million along with $284,620 in interest, and pay a $375,000 civil penalty, according to the SEC’s settlement order. Neuberger Berman did […]
Chris Areson, head of the Americas secondary advisory strategy at Credit Suisse, is leaving the bank, sources told Buyouts. Exactly when Areson is leaving is unclear. Areson did not respond to a request for comment. The group expects to add more senior executives to the team in 2019, and will name a successor to Areson, […]
JMI Equity, which just closed its ninth fund on $1.2 billion, is seeking tech opportunities outside the established meccas. The firm, which has been investing in software for 25 years, has invested in companies in 26 states and three Canadian provinces, according to Paul Barber, co-managing general partner at JMI. Barber spoke with Buyouts recently […]
U.S. Commerce Secretary Wilbur Ross is selling a bundle of PE-fund stakes in a private deal valued at about $25 million, sources told Buyouts. The buyer is Siguler Guff, sources said. That couldn’t be officially confirmed as spokeswomen for Siguler Guff and WL Ross declined comment. Ross, confirmed as commerce secretary last year, said in […]