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News Briefs

NewSmith Capital Partners, a UK-based asset management firm whose platform includes direct private equity plays, has received a $500 million funding commitment from the Wellcome Trust. www.newsmithcapital.com
Battery Ventures today is moving its headquarters from Wellesley, Mass. to Waltham, Mass. www.battery.com
Thoma Cressey Partners is planning to close its Boston office, according to Private Equity Insider. The firm will continue to maintain its Chicago and San Francisco offices, with East Coast interests to be run out of Chicago. David Mayer, a TCP partner who launched the Boston office two years ago, is expected to leave the […]
Sierra Ventures has held a $400 million final close on its ninth fund, according to VentureWire.
Bill Harrison will retire at year-end as chairman of J.P. Morgan Chase & Co. It is expected that the board will replace him with current CEO Jaime Dimon. www.jpmorganchase.com
Mark Evans has joined Hartford, Conn.-based private equity firm Smith Whiley & Co. He previously was been with such firms as Great Hill Partners, M/C Partners and Translations Capital. www.smithwhiley.com
Shyam Kamadolli and Joshua Maxey have joined Fidelity Ventures as associates. Kamadolli previously led worldwide business development for the data security division of RSA Security, while Maxey was vice president and head of Gerson Lehrman Group's international tech, media and telecom practice. www.fidelityventures.com
Miasole Inc., a Santa Clara, Calif.-based developer of thin-film solar cells, has raised $35 million in Series C funding, according to VentureWire. No participant information was disclosed, although the company previously had raised over $21 million from firms like Kleiner Perkins Caufield & Byers, Bessemer Venture Partners and VantagePoint Venture Partners. www.miasole.com
Chris Coonfield and Reid Strand have joined GulfStar Group as analysts in the firm's Houston, Texas office. Coonfield previously was an equity research analyst for Simmons & Co., where he covered small-to-mid-cap oilfield services companies. Strand had worked in the corporate development group of Oil States International Inc. www.gulfstargroup.com
Action Pharma AS, a Swedish drug company focused on cardiovascular diseases and diabetes, has raised �6 million in first-round funding. The deal also includes an option for an additional �3 million. Backers include InnovationsKapital, Growth Foundation and Incuba Ventures. www.actionpharma.com

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