Luisa Beltran

FTV posts latest big exit with WePay

Halifax Group Fund IV raises $650 mln

The Halifax Group said Oct. 18 that its most recent fund closed at its $650 million hard cap. The target of Halifax Capital Partners IV LP was $550 million. Halifax said that about 90 percent of Fund IV’s LPs were prior investors, and nearly 75 percent increased the size of their commitments.

Ghatnekar named CFO of Prescient

Prescient said Oct. 17 that Sunil Ghatnekar was named CFO. Ghatnekar is a longtime executive with The Coca-Cola Co.

EQT to buy Clinical Innovations: WSJ

EQT is buying Clinical Innovations for about $250 million, the Wall Street Journal is reporting. The Pritzker Group is the seller, the story said. Clinical Innovations, of Salt Lake City, makes suctions and other devices used during women’s labor and the delivery of babies.

Lovell Minnick to buy Tortoise Investments

Lovell Minnick Partners said Oct. 18 that it has agreed to buy Tortoise Investments. Financial terms weren’t announced. Management and employees will retain a stake. Sellers include Mariner Holdings and retiring Tortoise co-founders. Tortoise, of Leawood, Kansas, is an energy investment manager. UBS and Credit Suisse are providing debt financing.

Pohowalla joins Cascadia Capital

Cascadia Capital said Oct. 17 that it hired Firdaus Pohowalla as a managing director and head of its middle market industry coverage. Pohowalla was previously a managing director at Barclays, where he co-led the restructuring and finance group.

Spectrum Equity Fund VIII raises $1.25 bln

Spectrum Equity said Oct. 18 that it its latest flagship fund closed on its $1.25 billion hard cap. Spectrum Equity VIII L.P raised an additional $125 million for a Discretionary Overage Program, which allows the growth equity firm to pursue larger deals or follow on investments opportunistically. Spectrum also said it promoted Adam Margolin to managing director and Leah Palmer to general counsel.

Charity Checkout raises $1 mln

Charity Checkout has raised $1 million in funding led by Chris Hulatt and Simon Rogerson, founders of Octopus Group. The round also included four existing investors. Charity Checkout, of the U.K., is an online fundraising platform.

Blackstone closes Harvest Fund Advisors buy

Blackstone Group said Oct. 16 that it closed its buy of Harvest Fund Advisors LLC. In August, Blackstone said it would buy Harvest, an energy money management firm. Financial terms weren’t announced.

HCAP exits Protect Plus Air

HCAP Partners said Oct. 17 that it has exited Protect Plus Air Holdings LLC (PPAH). Financial terms weren’t announced. PPAH makes and distributes residential filters used in air conditioners and heating units. In September, HKW said it had recapitalized PPAH.