Balance Point Capital wraps up third fund at about $380 mln

By Iris Dorbian — 2 days ago

Balance Point Capital has closed its third fund at about $380 million, beating its $300 million target. Balance Point Capital Partners III’s limited partners include pension funds, insurance companies and other asset allocators. The fund will invest in the lower middle market. Lazard was the placement agent.

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Grain buys Great Plains Communications

By Iris Dorbian — 2 days ago

Grain Management LLC has acquired Nebraska-based Great Plains Communications, a telecommunications provider. No financial terms were disclosed. TD Securities served as financial adviser to Grain on the deal while UBS Investment Bank did likewise for Great Plains Communications.

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Credit Benchmark fetches $7 mln

By Iris Dorbian — 2 days ago

New York and London-based Credit Benchmark, a provider of credit analytics, has raised $7 million in funding. The lead investors were Index Ventures, Balderton Capital, Communitas Capital and a group of private investors that includes former Goldman Sachs Vice Chairman and co-CEO of Goldman Sachs International Michael Sherwood. In addition to the funding, Sherwood will join Credit Benchmark’s board of directors.

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Cordillera rakes in $362 mln for sophomore fund

By Iris Dorbian — 2 days ago

Cordillera Investment Partners L.P. has closed its oversubscribed second fund at $362 million. The fund’s investors include endowments, foundations, family offices and wealth advisors. Ropes & Gray LLP served as fund formation counsel. No placement agent was used.

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