Spectrum invests $67 mln in RainKing Solutions

Spectrum Equity invested $67 million in RainKing Solutions, which provides sales data on more than 500,000 tech, marketing and finance professionals in North America and Europe. Along with the investment, John Stanfill is taking the role of chief executive officer. He was most recently a senior vice president of sales and customer support at CoStar Group. Spectrum Principals Mike Farrell and Jeff Haywood, and Chris Mitchell, a managing director at the firm, have joined RainKing’s board.

Littlejohn’s Wellfleet Credit closes debut CLO on $360 mln

Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed its debut collateralized loan obligation on $360 million. The CLO will be backed by a portfolio of broadly syndicated senior secured loans. Littlejohn funds and its partners are investors in the CLO, which has a two-year, non-call and four-year investment period with a final maturity of 12 years. Littlejohn Debt Management formed Wellfleet earlier this year to invest in broadly syndicated loans and related fixed income investments.


Fortress loses PE-focused MD Arvedlund

Maggie Arvedlund, a managing director who focused on private equity within Fortress Investment Group’s struggling hedge fund business, has left the firm for undisclosed reasons, according to two people with knowledge of the situation.


Monomoy hires Nomura executive Matusow

Monomoy Capital Partners hired Jordan Matusow to focus on sourcing investments in the debt securities of distressed and underperforming businesses. Prior to Monomoy, Matusow worked at Nomura Securities, where he was executive director in the credit sales group.


Blue Point hires three, including chief administrative officer

Blue Point Capital Partners hired three professionals: Colleen Greenrod as chief administrative officer, Jonathan Pressnell as principal and Sonali Aggarwal as an associate. Greenrod joined the firm from J.P. Morgan, where she worked for One Equity Partners and the private equity fund administrative group. She replaces Lisa Root, who is retiring after 23 years. Pressnell is rejoining Blue Point after working at the firm as an associate for three years. He spent time working as a principal at Greenbriar Equity Group.


M/C Partners, J.P. Morgan invest in Everstream Solutions

M/C Partners and investors advised by the private equity group of J.P. Morgan Asset Management have invested $50 million in Everstream Solutions, a subsidiary of OneCommunity. As part of the deal, Everstream will acquire a majority of the fiber assets owned by OneCommunity and emerge as a standalone organization. OneCommunity, a non-profit that works to bring fiber-based services to healthcare, government and education customers, will retain a minority interest in Everstream and receive funds to support its work.


Second Opinion

Big financial firms invest $30 mln in block chain tech company, Box reports strong numbers and add anti-money laundering to the compliance issues private equity needs to worry about.


Second Opinion

To end your first day back from the long weekend, Second Ops presents some CalPERS and private equity kerfuffle, JP Morgan hired tech banker Greg Mendelson and Sen. Marco Rubio is winning the tech money race.

Ardian launches real estate business

Ardian launched its real estate group that will be built and led by Bertrand Julien-Laferrière, a 30-year veteran of the real estate industry. Julien-Laferrière has held senior roles at Accor, Club Med, C.G.W., Unibail-Rodamco and Société Foncière Lyonnaise (SFL), where he was chief executive officer. Real estate is the fifth business line Ardian has established, along with direct investing, private debt, fund of funds and infrastructure.

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