Eamon Murphy

Cambridge Associates names David Druley CEO

Cambridge Associates appointed David Druley chairman and chief executive, effective July 1, 2016. Druley, 49, will replace Sandra Urie as part of a long-term succession plan. Philip Walton, 45, will take over from Druley as president.

Investor Group leads $5 mln Series A financing in Slantrange

Slantrange announced its $5 million Series A equity financing, led by The Investor Group. The funding will be used to develop and scale the company's sensor and analytics systems for drone aircraft in agricultural use.

Trident spin-off Sunstone Partners closes $300 mln fund

Sunstone Partners, a spin-out of the growth equity team of Trident Capital, closed its first fund with $300 million of total commitments. The firm will focus on healthcare IT, internet and marketing services, cloud and enterprise IT, and cybersecurity.

Lion Capital to acquire minority interest in Authentic Brands Group

Lion Capital signed a definitive agreement to acquire a minority stake in brand development company Authentic Brands Group from certain existing shareholders. Authentic Brands Group is a portfolio company of Leonard Green & Partners.

Mercato leads $30 mln Series D financing in Stance

Mercato Partners led a $30 million Series D financing in Stance, a premium apparel company. Other participants included returning investors August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital.

NEA leads $4.5 mln Series A funding round for VividCortex

New Enterprise Associates led a $4.5 million Series A funding round for VividCortex, a provider of database analytics software. Previous investors including Battery Ventures and Jaffray Woodriff also participated.

Venrock invests $15.7 mln in Evident.io

Venrock has completed a $15.7 million Series B funding round for Evident.io, a provider of security and compliance software for cloud computing platforms. Bain Capital and True Ventures have previously invested in Evident.io.

Trilantic leads $375 mln investment in Indigo Minerals

Trilantic Capital Management led a $375 million capital raise in Indigo Minerals, a natural gas producer. Trilantic invested $300 million, while existing investors the Martin Companies, Yorktown Partners, and Ridgemont Equity Partners together contributed the remaining $75 million.

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