Private Equity
To wrap up your week, there's big news about Amazon's next offering, as well as bad news for the presumptive presidential candidates.
1 min read · 10 June 2016
Andreessen Horowitz closed Andreessen Horowitz Fund V at $1.5 billion. The fund will invest in seed, early-stage, and mid-stage-growth tech companies, continuing the firm's focus on disruptive software startups.
1 min read · 10 June 2016
President Obama endorsed his former Secretary of State for president, while Joe Biden expressed support for the rape victim whose case has galvanized the nation.
2 min read · 09 June 2016
Gamer Sensei closed a $2.3 million seed round co-led by Accomplice and Boston Seed Capital. Sigma Prime, FJ Labs, Corigin Ventures, and angel investors Timothy and Todd McSweeney also participated. Based in Cambridge, Massachusetts, Gamer Sensei uses algorithms to pair competitive video gamers with coaches.
1 min read · 09 June 2016
Gamer Sensei closed a $2.3 million seed round co-led by Accomplice and Boston Seed Capital. Sigma Prime, FJ Labs, Corigin Ventures, and angel investors Timothy and Todd McSweeney also participated. Based in Cambridge, Massachusetts, Gamer Sensei uses algorithms to pair competitive video gamers with coaches.
1 min read · 09 June 2016
Lincoln National Corp. intends to increase its private equity holdings while dialing down its exposure to hedge funds. The insurer said around 90 percent of its alternatives portfolio will be in private equity by 2018, as compared with 67 percent last year. American International Group Inc. and MetLife Inc. have also reduced their hedge fund holdings.
1 min read · 09 June 2016
HR software startup Hireology raised $12 million in a funding led by Baird Capital Ventures. The Chicago-based company has now raised a total of $25.5 million, including a previous invesment of $10 million by Bain Capital.
1 min read · 09 June 2016
Livingbridge sold IT infrastructure services provider Onyx to Pulsant, a data center company in the UK. Financial terms were not disclosed. Livingbridge initially invested £16 million in Onyx in 2011.
2 min read · 09 June 2016
Kinderhook Industries raised $748.5 mln for Kinderhook Capital Fund V, L.P.. The firm's previous fund closed oversubscribed in July 2014 at $500 mln.
2 min read · 08 June 2016
New Harbor Capital completed a majority equity investment in Wedgewood Pharmacy. Terms of the transaction were not disclosed. Based in Swedesboro, N.J., Wedgewood is a compounding pharmacy specializing in animal health, addiction medicine and urology.
3 min read · 08 June 2016
