Freeborn & Peters has announced the formalization of its private equity and venture capital industry team. This team marks the fourth such industry-focused team formed by Freeborn. Others include the food industry team, the transportation team and the insurance/reinsurance industry team.
3 min read · 05 December 2013
DreamHost, a web hosting and cloud service provider has raised $30 million in debt financing from Goldman Sachs. The deal is structured as a $25 million term loan with a $5 million revolving line.
1 min read · 05 December 2013
Institutional and private equity real estate executive John Rivard has joined The Rockefeller Group as senior vice president and managing director, acquisitions and investment, for Rockefeller Group Investment Management (RGIM). Rivard leads RGIM’s acquisitions strategy and execution, working closely with its teams in Washington, D.C. and New York City.
3 min read · 05 December 2013
Kleiner Perkins Caufield & Byers has appointed John Maeda as design partner. Maeda joins KPCB from Rhode Island School of Design where he was president since 2008.
3 min read · 05 December 2013
LeapFrog Investments has exited from Ghanaian insurer Express Life, selling its majority stake to Prudential for an undisclosed sum. Express Life was founded by Mr. Obed Danquah and provides savings and insurance products, including life and hospitalization cover, for emerging consumers in both urban and rural areas.
4 min read · 05 December 2013
Vitruvian Partners has closed the fundraising of its second fund, Vitruvian Investment Partnership II, at its self imposed cap of 1 billion pounds ($1.6 billion). Vitruvian’s inaugural fund was closed in 2008. VIP II attracted substantial commitments from both existing and new investors which include many leading corporate and state pension funds, sovereign wealth funds, fund of funds, endowments and foundations. Investors originate from Europe, the US, the Middle East and Australasia.
2 min read · 05 December 2013
Apax Partners has elected Andrew Sillitoe and Mitch Truwit as the firm’s new co-chief executive officers. They will assume their roles on 1st January, 2014, succeeding Martin Halusa, who has served as Apax’s CEO since 2004 and who will become chairman of the firm, until his retirement at the end of the Apax VIII investment period.
3 min read · 05 December 2013
This morning find out all about Vitruvian and Bank of America Asian spinout fundraisings, the new VC kids on the European block and why investors are looking beyond IRR and investment multiple.
1 min read · 05 December 2013
Deutsche Asset & Wealth Management has made two senior private equity hires to support the growth of its alternatives business in the Americas and worldwide. Joshua Glaser has joined as a director and global head of private equity for the global client group. Brian Chiappinelli has joined as a director and North American product specialist for private equity. Chiappinelli is based in Boston and reports to Glaser.
3 min read · 04 December 2013
Gridstore has closed its Series B funding round. The company raised $11 million in an oversubscribed round led by new investor, Acero Capital, and included participation from all of its current investors GGV Capital, Investec Ventures Ireland Limited, ONSET Ventures and some of the original angel investors.
3 min read · 04 December 2013
