arrested (1)
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Connecticut fund executive faces new SEC fraud charges: Reuters

The U.S. Securities and Exchange Commission on Wednesday announced fraud charges and an asset freeze against a Connecticut venture capital executive previously charged with insider trading, and now accused of cheating his own clients out of tens of millions of dollars, Reuters News reported.

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peHUB Second Opinion

In Second Opinion, Danaher plans on buying Pall Corp for $13.8 billion and splitting the business into two, a venture capitalist at Oak Investment who had been arrested for insider trading is now accused of defrauding his firm and Starwood has launched a new hotel brand for luxury-seeking millennials.

Photobucket acquires VC-backed Milyoni

Photobucket Corp has acquired Pleasanton, California-based Milyoni, a provider of social videos and maker of Madcards. No financial terms were disclosed. Milyoni’s backers included Oak Investment Partners, ATA Ventures and Thomvest Ventures.

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Mojix inks $14 mln Series D

Los Angeles-based sensor networks provider Mojix has closed $14 million in Series D funding. OMERS Ventures led the round with participation from other investors that included Mercury Ventures. Concurrent with the funding, Rainer Busch, managing partner at Mercury Ventures, Kent Thexton, managing director at OMERS Ventures, and Bandel Carano, managing partner at Oak Investment Partners, have been named to Mojix’s board of directors.

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Phononic grabs $44.5 mln Series D

Phononic has closed $44.5 million in Series D funding. Eastwood Capital Corp and the Wellcome Trust led the round with participation from WLR China Energy Infrastructure Fund, Tsing Capital, Venrock, Oak Investment Partners and Rex Health Ventures. Headquartered in Research Triangle Park, North Carolina, Phononic is a provider of solid state thermal management solutions.

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Ron Johnson’s e-commerce startup Enjoy snags $30 mln

According to an announcement on its site, Enjoy, an e-commerce startup founded by former JC Penney CEO Ron Johnson, has received $30 million in overall funding. Kleiner Perkins Caufield & Byers and Oak Investment Partners led the latest round with participation from Andreessen Horowitz. Enjoy will launch in 2015. To read more details about the funding, visit here.

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Oak HC/FT closes debut fund on $500 mln

Oak HC/FT, formed by three partners from Oak Investment Partners, has closed its debut venture growth fund on $500 million. The fund will target investments in healthcare information and services and financial services technology.

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Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.

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Bubble-year funds struggle to get ahead: VCJ

Many bubble-year funds still struggle to turn the corner. This is the case at the Employees’ Retirement System of the State of Hawaii, where mixed results describe a portfolio of 23 funds with vintages of 1998, 1999 and 2000.

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NextNav snags $70 mln Series D

NextNav has secured $70 million in Series D financing. New Enterprise Associates and Oak Investment Partners led the round with participation from Columbia Capital, Telcom Ventures and Goldman Sachs Investment Partners. In conjunction with the funding, Peter Barris, managing general partner at NEA, and Bandel Carano, managing partner at Oak, have been named to NextNav’s board of directors. Based in Sunnyvale, Calif. and McLean, VA, NextNav is a provider of location solutions for indoor and urban environments.

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FreshBooks snags $30 mln

FreshBooks said Wednesday that it has closed $30 million in funding. Oak Investment Partners led the round with participation from Atlas Venture and Georgian Partners. Based in Toronto, FreshBooks is a provider of cloud accounting solutions for small service-based business owners.

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Zayo Group files for IPO – Reuters

Fiber network company Zayo Group Holdings filed with U.S. regulators to raise up to $100 million in an initial public offering, writes Reuters. Zayo is backed by GTCR, Oak Investment Partners, M/C Partners, Columbia Capital and Charlesbank Capital Partners.

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GTS sold to Deutsche Telekom

GTS has been sold to Deutsche Telekom for 546 million euros. GTS is an infrastructure-based telecommunications service provider in South East and Eastern Europe. It is currently owned by a consortium of international private equity firms including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners.

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Oak Investment Partners leads $20 mln Series C funding in Hipmunk

Oak Investment Partners has led a $20 million Series C funding round in Hipmunk, which provides travel planning services online and through mobile apps. Ren Riley, general partner with Oak Investment Partners, will join Hipmunk’s board of directors. Existing investors Institutional Venture Partners, Ignition Partners and angel investors also participated in the funding round.

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