Tunbridge launches with about $500 mln

Tunbridge Partners, a new real estate-focused asset management company, has launched with about $500 million in funding. Pine Brook and Quantum Strategic Partners Ltd, a private investment fund managed by Soros Fund Management LLC, are the lead investors.

Rho Ventures Ups Stake in Bluefly

Listed online retailer Bluefly Inc. has raised $6.5 million in fresh capital from Rho Ventures, Soros Fund Management and Prentice Capital Management. With the latest infusion, Rho Ventures now owns 37% of the company. The new money will be used to expand sales and fuel other growth efforts.

Transphorm Seals $25M Series D

Transphorm Inc. has closed a $25 million Series D financing round from Quantum Strategic Partners Ltd., a private investment fund managed by Soros Fund Management, and existing investors Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital. The latest round brings Transphorm’s total funding to $63 million. The company, which launched in February, will use the money to continue development of its compact power conversion technology.

Casdia Capital Advises Plasco in $143 Mln Financing Round

Cascadia Capital said Wednesday that it advised Plasco Energy Group in its $143 million in growth equity financing. Last week, Soros Fund Management led the investment for Ottawa-based Plasco, which provides technology that transforms solid waste into green power.

Plasco Energy Inks $143M

Plasco Energy Group, an Ottawa-based converter of waste into renewable energy, has raised 140 million Canadian dollars ($143 million) in new equity funding. Soros Fund Management led the round, which will help fund commercial projects in Canada, the U.S., China and other countries. The company closed a $110 million round in July 2010, led by Ares Management.

Tailwind-Backed Towerco Shopping Facility for Dividend

Soros Strategic Partners and Vulcan Capital are cashing in on their investments in wireless infrastructure company TowerCo. Morgan Stanley and Jefferies are leading the marketing efforts for a new $240 million credit facility, to be used in part as a dividend payment to Soros Strategic Partners and Vulcan Capital. No word on whether the dividend will reach fellow TowerCo investor Tailwind Capital, which got on board in 2004–when Tailwind was still Thomas Weisel.

According to peHUB sister publication IFR, the facility launched last week with commitments due November 24. Pricing is at Libor plus 400bp to Libor plus 425bp, the publication reported.

Soros Strategic Partners, a fund managed by Soros Fund Management, invested $30 million in Towerco in 2005. The firm also provided an undisclosed chunk of equity to Towerco alongside Vulcan Capital and Stone Tower Equity Partners in 2008 when the company spent $670 million acquiring wireless towers from Sprint Nextel. Towerco has an Ebitda of around $38 million and total leverage of 5.3x.

Valero Invests in Qteros

Valero Energy Corp., based in San Antonio, Texas, has made an investment in Qteros, a Massachusetts-based energy technology company. Valero established its investment in Qteros through its acquisition of certain assets of Verasun Energy. The company has in the past received funding from Venrock, Battery Ventures, BP, and Soros Fund Management. Press release: Qteros, the […]

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