Private Equity Week Wire for Monday 7/23

MILPITAS, CA — Velio Communications, a leader in
high bandwidth communications semiconductors, today announced its third round
of funding, raising $45 million and bringing the total investment in the
company to $95 million. This round is led by Redpoint Ventures. Other
investors in this round are Sequoia Capital, Institutional Venture Partners,
Global Catalyst Partners, Capital Research Group and HarbourVest Partners, all
participants in Velio’s earlier rounds.

NEW YORK — Innovation Advisors Inc., announced the launch of its
North American mergers and acquisition advisory service focused on technology,
communications, and media companies for $10M-$50M transactions. Innovation Advisors
also announced the opening of its corporate headquarters at One Penn Plaza in New York.

Innovation Advisors is the first M&A advisory firm to identify the need for combining experts
from top technology-focused investment banks with executives from public technology
companies to fulfill clients’ strategic needs for mid-sized transactions.

STAMFORD, CT — Whitney & Co. announced today the pricing of its most recent investment vehicle, Whitney Private Debt Fund LP (“WPDF”). WPDF will be a $322 million fund that will invest primarily in mezzanine debt securities and institutional bank loans by means of a leveraged partnership capital structure.

WPDF will increase Whitney