Morgan Stanley Investment Management has closed its fourth fund-of-funds with $1.14 billion in capital commitments. It will invest in buyout, venture capital and special situations funds.
3 min read · 20 April 2009
Wellspring Capital Management has secured $163.1 million in LP commitments for its fifth fund, according to a regulatory filing. The New York-based private equity firm is targeting $1.5 billion, and is using Credit Suisse as a placement agent. www.wellspringcapital.com
1 min read · 20 April 2009
1 min read · 20 April 2009
Spectrum Equity Investors and Bain Capital Ventures have agreed to acquire a majority interest in SurveyMonkey, a Portland, Ore.-based provider of of online survey solutions. No pricing terms were disclosed for the deal, which included leveraged financing from Bank of America, CIT and NewStar Financial. Dave Goldberg will take over as CEO, after having spent the past two years as an entrepreneur-in-residence with Benchmark Capital.
4 min read · 20 April 2009
3 min read · 20 April 2009
1 min read · 20 April 2009
First Reserve Corp., an energy-focused private equity firm, has closed its twelfth fund with $9 billion in capital commitments. Limited partners include CalSTRS and CalPERS. www.firstreserve.com
1 min read · 20 April 2009
3 min read · 20 April 2009
1 min read · 20 April 2009
Schurman Fine Papers, a Weston Presidio portfolio company doing business as Papyrus, has sold its wholesale division to American Greetings Corp. (NYSE: AM) for approximately $18 million in cash and $2 million in equity (for a 15% stake in Schurman). As part of the deal, Schurman has acquired the retail store operations of American Greetings for approximately $6 million.
3 min read · 20 April 2009
