Steve Schwarzman

PE HUB First Read

First Read kicks off the week with news that Blackstone’s Schwarzman once again led private equity leaders when it came to taking home the most money last year, the Mexican peso surges despite Trump’s threats, and SoftBank nears $3 billion investment in WeWork.

VR startup Bigscreen snaps up $3 mln

California-based virtual reality startup Bigscreen has secured $3 million in funding, according to a blog post on its site. Andreessen Horowitz led the round with participation from other investors that included True Ventures, Presence Capital, Ludlow Ventures, David Bettner and SV Angel.

Xenex reels in $38 mln

Xenex Disinfection Services, a maker of disinfection system for healthcare facilities, has raised $38 million in funding. Essex Woodlands led the round with participation from Piper Jaffray Merchant Banking, Malin Corporation and Tectonic Ventures.

FCC
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PE HUB Second Opinion

In Second Opinion, Home Depot dumps Palantir, personal lending company SoFi confirms $500 million funding and the FCC is prepared to block the broadband privacy rules it adopted last year.

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Sterling backs Grand Rapids Ophthalmology

Sterling Partners has made an investment in Michigan-based Grand Rapids Ophthalmology, an eye care provider offering ophthalmology, optometry, and retail optical services. No financial terms were disclosed.

Uponit grabs $2.3 mln

New York City and Tel Aviv-based Uponit, an ad recovery platform for premium publishers, has raised $2.3 million in funding. Jerusalem Venture Partners led the round with participation from KDC Media Fund, a joint venture between Dick Clark Productions and Keshet.

TripleMint attracts $4.5 mln Series A

New York City-based TripleMint, a real estate data provider, has secured $4.5 million in Series A funding. DN Capital led the round with participation from other investors that included Summit Action Fund and b-to-v ventures.

Doctor.com books $5 mln Series A

New York City-based Doctor.com, a provider of cloud-based marketing automation solutions for the healthcare industry, has raised $5 million in Series A funding. Spring Mountain Capital led the round.

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Vanedge raises $161 mln for fund

Vancouver-based Vanedge Capital Partners Ltd, an early-stage venture capital firm, has closed its latest fund at $161 million. The fund’s limited partners included HarbourVest Partners, BDC Capital, Export Development Canada, Kensington Capital, Nicola Wealth Management and the BC Tech Fund. The firm focuses on computing, artificial intelligence, cyber security, SaaS and digital media.

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Greycroft leads Series B round for Layer

Layer, a communications platform for businesses, has secured $15 million in Series B funding. Greycroft Partners led the round with participation from other investors that included Microsoft Ventures and Salesforce Ventures. In addition to the funding, Layer has acquired messaging startup Cola. No financial terms were disclosed.

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Prologis and CBRE Global Investment Partners launch joint venture

Prologis and CBRE Global Investment Partners have formed Prologis UK Logistics Venture. The UK-based joint venture will acquire land, develop buildings and operate and hold logistics real estate. CBRE Capital Markets and Jones Day advised CBRE Global Investment Partners. The deal is expected to close before the end of February.

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Fir Tree to sell sPower to AES and AIMCo for $853 mln

AES and Alberta Investment Management Corp have agreed to acquire Salt Lake City-based sPower, an owner, operator and developer of utility scale solar assets, for $853 million in cash. The seller is Fir Tree Partners. The deal is expected to close by the third quarter of 2017. Barclays served as the lead financial adviser to sPower on the transaction while CohnReznick Capital Markets Securities, Marathon Capital and Citi served as co-advisers.

HP Enterprise
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PE HUB First Read

First Read ends the week with news HP Enterprise posts steepest revenue drop, early Uber backers disappointed in the company’s response to sexual harassment claims and White House expects more enforcement of recreational marijuana use.