Jennifer Harris

Third Rock closes debut fund on $378m

Newly formed venture firm Third Rock Ventures will use its first fund for investments in early stage biotechnology companies.

Harvest flips US Silica in one month

Harvest Partners has agreed to sell US Silica to distressed specialist Harginger Capital Partners, just one month after acquiring the silica sand producer.

Riverstone hires IR head(2)

Carlyle energy affiliate Riverstone Holdings has hired ex-JPMorgan managing director Elizabeth Weymouth to lead investor relations.

Hicks SPAC raises $552m in record IPO

Tom Hicks’ SPAC has raised $552 million in an initial public offering said to be the largest of its kind to date. The blank check vehicle will target one or more non-energy businesses in the US or Canada.

SAP Ventures promotes new head

Nino Marakovic has taken over the venture arm of software giant SAP, following the departure of Lisa Reeves for Vista Ventures.

CAI earns more than 3x return on dental insurer(2)

Canadian firm CAI has sold dental and vision insurer SafeGuard Health to MetLife, generating a 20 percent IRR on the investment.

Bessemer will reduce carbon footprint

Bessemer Venture Partners will go ‘carbon neutral’ by the end of the year, a step few private equity or venture capital firms appear poised to take.

Riverside exit results in 3.2x return(3)

Riverside has sold Inscape Publishing to New York-based Sentinel Partners, resulting in a 3.2x return. It is the US firm’s sixth exit this year.

IFC mulls $100m commitment to $5bn India fund

The private sector arm of the World Bank may join Blackstone and Citi in contributing to a $5 billion Indian infrastructure fund.

Sallie Mae rejects lower bid

Sallie Mae has rejected a revised bid from the JC Flowers-led consortium that would have cut the value of the $25 billion buyout by up to $4 billion.