Amanda Janis

Hellman helps General Atlantic double down on health deal

The two US firms have backed a $575 million deal that combines two sectors with strong growth projections and plenty of private equity interest: electronic payment processing and healthcare.

Madison Dearborn chief steps down ahead of $10bn fundraising(2)

The firm’s co-presidents, Sam Mencoff and Paul Finnegan, have reportedly taken the reins from fellow co-founder John Canning in a planned succession.

Kensington FoF raises $22m ahead of public float

Toronto-based Kensington Capital has doubled the size of its latest fund of funds, after having already committed the capital raised from retail investors. The $45 million vehicle is bound for the Toronto Stock Exchange in coming months.

TCV sets record with $3bn fund close(4)

Growth stage-focussed Technology Crossover Ventures has closed its seventh fund on $3 billion, causing Oak Investment Partners to lose the record for the largest fund ever raised by a VC firm.

GPs absent from hearings on PE-owned nursing homes(2)

Two Congressional committees will hold hearings on private equity ownership of nursing homes tomorrow; a REIT executive is the only private finance industry representative scheduled to testify.

Lightyear promotes three in New York

The New York firm has promoted David Cynn and Thierry Ho to managing directors and Michal Petrzela to vice president.

TCV sets record with $3bn fund close(3)

Growth stage-focussed Technology Crossover Ventures has closed its seventh fund on $3 billion, causing Oak Investment Partners to lose the record for the largest fund ever raised by a VC firm.

Shasta closes $250m tech fund(4)

Silicon Valley firm Shasta Ventures has closed on $250 million its second fund, which will make early-stage technology investments.

Syncom closes fifth media fund on $275m(3)

Syncom, a US venture firm that typically targets African American- and Hispanic-owned media and communications companies, has garnered $275 million from influential limited partners for its fifth fund.

Canaan closes $650m venture fund

The US firm’s eighth fund will continue its 20-year investment strategy, targeting early-stage tech and healthcare companies, with an increased focus on Israeli and Indian deals.