Private Equity Week Wire for Thursday 3/15

ATLANTA — Charles H. Ogburn joins Crescent Capital Investments, Inc. as an Executive Director. Mr. Ogburn spent the past 15 years with Robinson-Humphrey Company where he was Senior Managing Director and co-head of investment banking. At Crescent Capital, Mr. Ogburn will be busy finding and closing new deals and performing administrative functions.

NEW YORK — IncuVest LLC, a US-based technology operating company, today announced it is changing its name, effective immediately, to VennWorks LLC and is making appointments to its board of
directors and headquarters management team. Among new appointments, Dr. John Scott, chairman and CEO of XL Vision, has been elected to VennWorks’ board of directors. The company also named Gregory W. “Bill” Haskell as a VennWorks’ managing director; Charlie Yi and Craig Yarwood, as directors of business development; and Jim Ruderman as director of corporate communications.

LOS ANGELES — Global Innovation Partners LLC
today announced the completion of its first private equity fund at $526M of capital raised.
The Fund is a joint venture between CB Richard Ellis Investors LLC and the California
Public Employees’ Retirement System (CalPERS).

The partners also announced that Eric Harrison, a venture capitalist with extensive
experience in the Internet infrastructure and networking sectors, has been appointed a
managing director of Global Innovation Partners. Prior to joining Global Innovation
Partners, Harrison was a partner at Crosspoint Ventures.

Global Innovation Partners will invest primarily in technology-based, later-stage growth
businesses and buyout situations. Targeted sectors for investment include
telecommunications, Internet infrastructure, IT, energy management and technology
intensive real estate. The Fund plans to take advantage of domestic and international
investment opportunities and has opened offices in Los Angeles, Boston and London.

ATLANTA — ValuBond Inc., a provider of online fixed
income solutions for broker/dealers focused on the retail investor, today
announced that it has closed on a $15 million Series B strategic investment
round, led by LabMorgan, the e-finance unit of J.P. Morgan Chase (NYSE: JPM),
Zions Bancorporation (Nasdaq: ZION) and Wasatch Venture Fund. Series A
investors Financial Technology Ventures and Alliance Technology Ventures also
contributed to the investment round. ValuBond is the only independent
provider of a “private-label” solution enabling financial services firms to
offer fixed income investing to their advisors and retail clients.