Luisa Beltran

Elevation Resources Get $400 Mln Line of Financing from Pine Brook-Led Group

Elevation Resources said Friday it obtained a $400 million line of equity financing from an investor group led by Pine Brook. Midland, Texas-based Elevation focuses on acquisition, leasing, exploration and development activities on the Permian Basin.

peHUB Second Opinion 4.11.13

Today we have news that there may be a leadership vacuum at Tumblr, LinkedIn buys Pulse and guess who owns a lot of Bitcoins.

Sprouts to Pay Out $282 Million Dividend to Shareholders, Including Apollo

Apollo Global Management is getting some of its investment back from Sprouts Farmers Market after just two years.

Advanced Animal Diagnostics Raises $6 Mln

Advanced Animal Diagnostics said Wednesday it closed a $6 million tranche of Series B financing from Intersouth Partners, Novartis Venture Funds and private investors. Durham, N.C.-based Advanced Animal Diagnostics is developing an on-farm diagnostic test to detect subclinical mastitis in dairy cows.

EMX Capital Collects $192.3 Mln with Fund, Side-By-Side Vehicle

EMX Capital has collected US$68.2 million with its first fund. The pool, EMX Capital Partners LP, will invest along side the firm's Mexican side-by-side vehicle which raised Ps.1,544 million pesos (roughly US$124.1 million) from pension funds in Mexico. The combined vehicles obtained US$192.3 million. EMX Capital Partners I will invest in buyout and growth equity opportunities across all sectors and target mid-size Mexican companies requiring equity capital between US$15 million to US$65 million.

peHUB Second Opinion 4.10

The Dow and S&P 500 each posted very good days, Life Technologies gets bids and a disgraced former Congressman may make a bid for New York City mayor.

TPH Partners Launches Principle Petroleum

TPH Partners, the private equity arm of Tudor, Pickering, Holt & Co., has formed Principle Petroleum Partners. Dallas-based Principle is an upstream company focused on the acquisition and development of oil and gas properties in the Rockies, with a primary focus on the Big Horn Basin in Wyoming. TPH would not disclose how much it was committing to Principle. Scott Dobson, the former COO of Nimin Energy, is Principle's president and COO while Scott Gladden is the EVP of Land and Business Development.

Cooltech App Raises €8 Mln

Cooltech Applications said Wednesday that it raised €8 million (US$10.4 million) from historical shareholders and two new investors: Demeter Partners and 123Venture. Strasbourg, France-based Cooltech is a specialist in magnetic refrigeration.

TVV Capital Seeks $100 Million for Fund III

TVV Capital is out fundraising for its third fund, which has a $100 million target.

Oak Hill Investment Management Now Called Jasper Ridge Partners

Oak Hill Investment Management has completed a spin-out from The Robert M. Bass/Oak Hill organization and is now called Jasper Ridge Partners. Robert M. Bass will continue to own a minority stake in Japser Ridge, a statement says. Jasper Ridge manages roughly $10 billion across asset classes including private equity, venture capital, hedge funds, real estate, natural resources, public equity and fixed income.