I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
OurCrowd said Sept. 21 that it raised $72 million in Series C funding. Investors in the round include financial institutions, family offices, and private investors from five continents. OurCrowd, of Jerusalem, is an equity crowdfunding platform for accredited investors.
1 min read · 21 September 2016
Five Arrows Secondary Opportunities said Sept. 21 that it latest secondary opportunities fund has closed at 451 million euros ($503 million). FASO IV will continue to focus on European small and mid-cap secondary transactions. The fund has already completed its first two first European Secondary Directs transactions. Five Arrows Secondary Opportunities is the European small and mid-cap secondary business of Rothschild Merchant Banking.
2 min read · 21 September 2016
The Riverside Company said Sept. 21 that it completed fundraising for its latest micro-cap fund which closed at its $650 million hard cap. Riverside Micro-Cap Fund IV will invest in North American companies with up to $7 million of EBITDA. The target for RMCF IV was $500 million. Investors of the fund include Makena Capital, clients of Partners Capital Investment Group, State of Michigan Retirement System and clients of Willis Towers Watson.
2 min read · 21 September 2016
2 min read · 20 September 2016
New Mountain Capital has invested in Island Medical Management LLC. Financial terms weren’t announced. Hauppauge, New York-based Island Medical provides outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers.
3 min read · 20 September 2016
Dundee Venture Capital said Sept. 20 that it raised $20 million for its third fund. Dundee Fund III will invest in seed and early-stage investments targeting e-commerce, B2B SaaS and consumer-network focused startups. Fund III will target startups located in the broader Midwest region including Denver, Omaha, Lincoln, Kansas City, Madison, Minneapolis, Indianapolis, St. Louis and Chicago.
3 min read · 20 September 2016
Cornami said Sept. 20 that it raised $3 million in Series B financing led by Impact Venture Capital. Two technology entrepreneurs -- Yatish Mishra and Denoid Tucker -- participated in the round and joined the company in key management roles. Mishra has joined as president and COO while Tucker is vice president of product and services. Cornami is the former Sviral, a high-performance computing company, if Santa Clara, California.
1 min read · 20 September 2016
Media Source Inc, a portfolio company of The Vistria Group, said Sept. 19 that it named Steve Zales as Chief Executive Officer. Zales succeeds Randy Asmo, who stepped down after 29 years at Media Source, including 18 years as its CEO. Asmo will maintain an advisory and board role with the company.
3 min read · 20 September 2016
KKR said Sept. 20 that it named Paul Yang, current President and CEO of China Development Financial Corporation as Head of Greater China, effective January 2017. In August, KKR said that David Liu, a KKR Member, former Co-Head of KKR Asia Private Equity and Head of Greater China, along with KKR Member Julian Wolhardt would be leaving the firm at the end of this year. Liu and Wolhardt will transition to KKR Advisors, the firm said.
4 min read · 20 September 2016
2 min read · 19 September 2016
