Private Equity
Sun Capital Partners held a first close in December for its sixth fund and has raised $1 billion. The Boca Raton, Fla.-based PE firm has a $3 billion target for fund VI.
2 min read · 05 February 2013
Frederick Goltz, who has been with KKR for 18 years and ran the firm's mezzanine business, has left the global buyout shop.
1 min read · 05 February 2013
Highland Capital Management said Monday that Andrea Lloyd has rejoined the firm as a credit trader, while Scott Baker was named a director. Lloyd will be responsible for trading bank loans and high yield bonds in the primary and secondary markets. Baker will be responsible for identifying new opportunities, assessing risk and conducting due diligence on the firm's investment ideas.
3 min read · 04 February 2013
The Foundry Group has led a $7 million Series B funding round for Rover.com. Existing investor Madrona Venture Group also participated. Brad Feld, a Foundry MD, is joining Rover.com's' board. Seattle-based Rover.com connects dog owners with approved, reviewed and insured sitters.
3 min read · 04 February 2013
Grail Advisory Partners has changed its name to PL Advisors, which will provide strategic advice for financial services firms. The name change distinguishes PL from Grail Partners, a merchant bank that provides private equity investing in financial services.
2 min read · 04 February 2013
To end your Monday, we have news that Twitter was mentioned in 50% of Super Bowl ads , Illinois consider a 25 cent sneaker tax and the NFL doesn't blame Beyonce for last night's blackout.
1 min read · 04 February 2013
Oak Investment Partners has invested $40 million in xG Health Solutions. Geisinger Health System is also investing in the company, a spokeswoman says. xG, of Columbia, Md., is a healthcare services company that will help implement Geisinger intellectual products.
4 min read · 04 February 2013
Great Range Capital said Monday that it has acquired a majority stake in Fairbank Equipment. Financial terms weren't announced. Wichita, Kansas-based Fairbank Equipment distributes application and control equipment used in the agriculture and energy industries.
2 min read · 04 February 2013
EnCap Investments only needed five months to raise its most recent fund. EnCap's fund IX closed at its $5 billion hard cap last week.
2 min read · 04 February 2013
To end your week, we have news on the stock market's strong February start, Twitter is valued at around $10 billion and some Super Bowl Party rules.
1 min read · 01 February 2013
