Iris Dorbian
Boston-based Berkshire Group, a real estate investment management company, has raised $1.25 billion for its second multifamily debt fund. Berkshire Multifamily Debt Fund II will invest in debt assets secured by multifamily properties.
List Partners, which is backed by Northlane Capital Partners, has acquired sales intelligence platforms Access Confidential and Redbooks. No financial terms were disclosed.
KKR and Oaktree Capital Management LP have acquired ProServ, an energy services company, for $50 million. As a result of the deal, David Lamont is stepping down as CEO. Kirkland & Ellis LLP counseled Oaktree Capital Management and KKR on the transaction.
LLR Partners has named Cary Burch as a senior operating adviser. Previously, Burch was chief innovation officer at Thomson Reuters. Also, Burch was CEO and chief operating office at Thomson Reuters Elite, the company's legal enterprise software company.
Sun European Partners has acquired ESIM Chemicals, an Austrian chemical maker, from Ardian. No financial terms were disclosed.
New York City-based CipherHealth, a patient communication, engagement and care coordination software company, has secured an undisclosed amount of funding. The investor was JMI Equity.
Colliers International Group has agreed to acquire 75 percent of Chicago-based Harrison Street Real Estate Capital LLC, a real estate investment firm, for $450 million. The deal is expected to close in the third quarter of this year. Berkshire Capital provided financial advice to Harrison Street on the transaction while Three Ocean Partners did likewise for certain of Harrison Street’s shareholders.
Edison Partners has sold its stake in Hamilton, New Jersey-based Billtrust, a provider of payment cycle management solutions, to W Capital Partners. No financial terms were disclosed.
Heartland Capital Partners LLC has launched a $25 million private equity commercial real estate fund. Heartland Income Properties LLC will focus on commercial real estate mostly located in the Midwest. Based in Scottsdale, Arizona, Heartland Capital is a portfolio manager of commercial real estate.
Capital One provided a $420 million five-year secured line of credit for PennantPark. Headquartered in New York, PennantPark is a business development company that primarily invests in U.S. middle-market companies in the form of floating rate senior secured loans.