226 Views

Area One Farms targets traditional fund, permanent-capital pool in fundraising

Toronto private equity firm Area One Farms is raising two funds to expand its business of partnering with Canadian farmers, President and CEO Joelle Faulkner told Buyouts. Area One Farms Fund IV is targeting $250 million from institutions, with room to raise around $100 million more. Area One Farms Fund V is aimed at Canadian individuals and structured as a permanent-capital vehicle, with liquidity options starting in year five. It will seek $50 million to $100 million.

Jim Cass, SEI, private equity
162 Views

Need to Meet: Jim Cass, SVP and managing director, SEI

The biggest problem SEI tries to solve for its alternatives clients is complexity, says Jim Cass, senior vice president and managing director of the company’s investment manager services division. Cass joined the Oaks, Pennsylvania, provider of wealth-management and business process services as a portfolio analyst in 1990. Today, several roles later, he oversees business development and client servicing for PE firms, hedge […]

623 Views

Q&A with Dave Welsh, head of TMT growth investing at KKR

Dave Welsh is head of TMT Growth Investing at KKR. The firm raised its debut tech-growth fund, KKR Next Generation Technology Growth Fund, in 2016 with $714 million for TMT growth equity investments in North America, Europe and Israel. Dave agreed to sit down with Buyouts for a chat about the market and how the fund is going […]

Area One Farms, Joelle Faulkner, Canada, farming, private equity, food
247 Views

Area One Farms targets traditional fund, permanent-capital pool in fundraising

Toronto private equity firm Area One Farms is raising two funds to expand its business of partnering with Canadian farmers, President and CEO Joelle Faulkner told Buyouts. Area One Farms Fund IV is targeting C$250 million (US$194.4 million) from institutions, with room to raise around C$100 million more. A cornerstone commitment of C$100 million has […]

Jim Quagliaroli, Silversmith Capital Partners. private equity, software, merger, M&A
331 Views

Silversmith acquires CRMfusion to create sales-data platform Validity

Silversmith Capital Partners created a sales and marketing technology platform called Validity, which it plans to build through acquisitions and global expansion, Managing Partner Jim Quagliaroli told Buyouts. The firm bought its first company for Validity, acquiring CRMfusion, a provider of software tools for Salesforce.com customers. The deal was out of Silversmith Capital Partners I; Fund II closed at the hard cap of $670 million […]

284 Views

PenderFund finds first growth deal in portable ultrasound tech

PenderFund Capital Management’s new tech growth fund agreed to make its first investment, a $3 million stake in medical-imaging company Clarius Mobile Health, an executive at the Vancouver firm told Buyouts. Maria Pacella, senior vice president of private equity, is co-manager of Pender Technology Inflection Fund, alongside Founder and CEO David Barr. The fund, which held a first close in February, is seeking to raise $50 million, Pacella said, with a final close expected in spring 2019.

Mitchel Schulman, IntegriDATA, private equity, accounting, SEC

Need to Meet: Mitch Schulman, CEO, IntegriDATA

When the SEC’s Office of Compliance Inspections and Examinations released its priorities for 2018, the agency made clear it intended to continue scrutinizing fees and expenses charged by private-fund managers. That’s been an area of focus since 2012, says Mitch Schulman, founder and CEO of fintech firm IntegriDATA. During that time, 11 enforcement actions for misallocation of fees […]

204 Views

PenderFund finds first growth deal in portable ultrasound tech

PenderFund Capital Management’s new tech growth fund agreed to make its first investment, a C$3 million ($2.3 million) stake in medical-imaging company Clarius Mobile Health, an executive at the Vancouver firm told Buyouts. Maria Pacella, senior vice president of private equity, is co-manager of Pender Technology Inflection Fund, alongside Founder and CEO David Barr. The fund, which held […]

230 Views

Enlightenment Capital seeks $200 mln for Fund III

Enlightenment Capital is targeting $200 million for its third fund, according to an SEC filing. The Washington, D.C.-area firm invests in aerospace, defense and government services companies. Its previous vehicle closed in 2016 with $147 million raised, exceeding the target. Fund I closed on $80 million in early 2014. It’s unclear what the hard cap […]

Chertoff Group, Jason Kaufman, private equity, venture capital, merger, M&A, homeland security, Michael Chertoff
183 Views

Need to Meet: Jason Kaufman, President, Chertoff Group

Chertoff Group was founded in 2009 by Michael Chertoff, the second secretary of the Department of Homeland Security, to consult with companies on threat management and government contracting. Jason Kaufman, head of the firm’s M&A advisory practice, says that making “private equity investments in the security space” was also part of the plan. It was a matter […]

Craig Dupper, Elan Growth Partners, private equity, Solis Partners
225 Views

Solis alum launches California-based Elan Growth Partners

Elan Growth Partners has launched to provide capital to lower-middle-market western U.S. businesses in manufacturing, software, business services and food. Founder and Managing Partner Craig Dupper, formerly of Solis Partners, wouldn’t say how much Elan raised in its initial round. Launch investors will be the firm’s primary source of capital, he said, but “we do […]

SFERS, San Francisco Employees’ Retirement System, Cambridge Associates, pension fund, private equity
385 Views

Vector sells minority stake to Dyal, plans credit strategy expansion

The minority stake sold by Vector Capital to Dyal Capital Partners amounts to less than 10 percent of the management company, according to a source with knowledge of the deal. The transaction is intended to help accelerate the growth of Vector’s credit business. It has no connection to succession or operational changes, the source said. Dyal is Neuberger […]

191 Views

TPG’s carveout of Wind River from Intel driven by data interest

TPG’s acquisition of Wind River, an embedded systems software company, is its second carveout of a business owned by Intel, following last year’s purchase of a majority stake in McAfee, the chipmaker’s cybersecurity unit. Partner Nehal Raj, who leads TPG’s technology group, said the firm was the “logical” choice when Intel was looking to sell off another non-core […]