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.
The Indiana Public Retirement System has selected The Carlyle Group and AlpInvest Partners to manage an existing $155 million fund, Indiana Investment Fund I. INPRS in December tapped Carlyle and AlpInvest to manage Indiana Investment Fund II, a $150 million pool.
3 min read · 14 June 2013
Incline Equity Partners has agreed to sell Portec Group International. The buyer is Interroll Group. Cañon City, Colo.-based Portec makes specialty conveyors.
2 min read · 14 June 2013
This morning, there's word that Apple plans to sell a $99 iPhone, Yahoo buys GhostBird Software and what happened the last time Rupert Murdoch got divorced.
1 min read · 14 June 2013
StratusLIVE said Thursday it received $2.3 million in growth capital from private investors. StratusLive did not name the investors. Virginia Beach, Va.-based StratusLIVE provides cloud-based fundraising and CRM solutions to nonprofit organizations.
2 min read · 13 June 2013
Nourish Organic said Thursday it secured $3 million in new funding led by Renewal Funds. Strategic investors include husband and wife actors Ben Stiller and Christine Taylor. Nourish Organic, owned by Sensible Organics, says it provides a 100% USDA certified organic bath and body line of products.
3 min read · 13 June 2013
Northstar Travel Media, a portfolio company of Wicks Group, has acquired Your Travel Insider. Financial terms weren't announced. Founded in 2003, Your Travel Insider publishes e-newsletters Your Travel Insider, Luxury Cruise News and Your Travel Insider - Travel Tools.
3 min read · 13 June 2013
Thumbtack said Thursday it closed a $12.5 million "Series B" investment round led by Sequoia Capital. Prior investors Javelin Venture Partners and MHS Capital also contributed to the new investment round. San Francisco-based Thumbtack aims to make it easier for consumers to hire local service professionals.
2 min read · 13 June 2013
RelateIQ said Thursday it closed $20 million in Series B financing. Company investors include Accel Partners, Formation 8, Battery Ventures, AMC Cloud Ventures, Thrive Capital, Allen & Co., and a number of well-known angel investors. Palo Alto, Calif.-based RelateIQ, a big data startup, says it raised a total of $29 million in funding to date.
2 min read · 13 June 2013
Circular Energy said Thursday it secured $2.7 million in Series A funding from Cypress Capital and a handful of other private investors. Austin-based Circular is a solar design and installation company.
2 min read · 13 June 2013
Sycamore Partners said Wednesday it closed its buy of Hot Topic. The deal is valued at about $600 million. Guggenheim Securities advised Hot Topic. Sycamore announced its buy of Hot Topic, a teen retailer, in March.
3 min read · 12 June 2013
