The New York Common Retirement Fund’s Nick Smirensky has left the $155bn pension to helm the investment activities of the New York State Health Foundation.
1 min read · 05 January 2013
Achronix Semiconductor has held a first close of its Series B financing on $43m. The funding round includes participation from Battery Ventures, Easton Capital Investment Group, Entrepia Ventures and New Science Ventures.
1 min read · 05 January 2013
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
2 min read · 05 January 2013
The fund’s co-managers, JLA Ventures and RBC Venture Partners, have each contributed a new hire to the smartphone-focused venture capital group. The additions of Marc Faucher and Matt Golden bring the head count to eight.
2 min read · 05 January 2013
Department store Mervyns, bought in 2004 by Cerberus Capital Management and Sun Capital Partners for $1.2bn, will liquidate after filing for bankruptcy protection in July.
2 min read · 05 January 2013
The California-based producer of luxury electric cars, which is supported by roughly $140m in venture financing, has instituted a number of measures to see it through the difficult market conditions including layoffs and leadership changes.
2 min read · 05 January 2013
$1tr in leveraged loans has been affected by the collapse in investment banking, which has left the sector with far fewer sources of lending than before.
2 min read · 05 January 2013
The Cleveland, Ohio-based private equity firm has added Argentine medical device company Metrolab to Budapest-based portfolio company Diatron.
1 min read · 05 January 2013
The energy-focused spin-out of collapsed hedge fund Sowood Capital will invest up to $80m of equity in Plantation Energy for the construction of a manufacturing facility in Western Australia.
1 min read · 05 January 2013
The private equity branch of the UK’s second biggest bank Barclays, which today announced plans to sell more than £6.5bn of shares to private investors, has hired former Altium Capital assistant director Steven Whitehead.
1 min read · 05 January 2013
