Angela Sormani

BTI Systems names Colin Doherty president and CEO

BTI Systems, a provider of cloud and metro networking software and systems to content and service providers has appointed global telecommunications industry veteran Colin Doherty as president and chief executive officer. BTI's backers include Bain Capital Ventures, BDC, Covington Capital, GrowthWorks and additional strategic investors.

Commonfund elects chair of board of trustees

Robert Litterman has been elected chair of the Commonfund board of trustees. Dr. Litterman succeeds outgoing board chair, Brad Gallagher, who is stepping down to focus on his business interests.

Investec continues expansion with hire from from Barclays

Investec Specialist Bank has expanded its growth and acquisition finance team with the appointment of Helen Lucas. Reporting to Ed Cottrell, head of the growth and acquisition finance team, Lucas will play a key part in originating and executing transactions on behalf of growth businesses and entrepreneurial management teams.

Angel CoFund leads funding into Albert Medical Devices

Medical technology company Albert Medical Devices has secured funding led by the Angel CoFund. Existing investors North West Fund for Biomedical (managed by SPARK Impact) and the London Business Angels also participated in the round.

peHUB First Read

This Tuesday morning find out how to bypass the middleman in private equity, what a 21st century chemistry set looks like and where to find the top ten Christian finance and investing blogs.

Berkshire Partners and Glen Senk join forces

Berkshire Partners and Glen T. Senk, a retail and consumer executive are partnering to co-invest in high-growth retail and consumer businesses. Berkshire Partners has initially committed $350 million to future investments alongside Senk and his newly-formed firm, Front Row Partners, where he serves as chairman and CEO.

BioConsortia raises Series B from Khosla Ventures and Otter Capital

BioConsortia has raised an additional $15 million in Series B funding. Khosla Ventures and Otter Capital participated equally in the round.

F.N.B. Capital Partners backs Kitchen Cabinet Designers

F.N.B. Capital Partners has closed an investment in Kitchen Cabinet Designers. FNBCP provided a mezzanine debt and equity investment to partner with Ninth Street Capital Partners and KCD's founders Richard and Pauline Gambill.

Lightyear Capital appoints MD

Lightyear Capital has promoted Michal Petrzela to managing director. Petrzela joined Lightyear in 2005, after working at Lightyear as a summer associate in 2004.

Bjond closes $3.25mln Series A

Bjond has closed $3.25 million in Series A financing. Draper Triangle Ventures led the round, joined by co-investors TriStar Technology Ventures and Hopen Life Science Ventures.