Battery Ventures, Second Avenue Partners and Pteranodon Ventures invested some $48m in the unmanned aircraft company, which has been sold to Boeing’s military aircraft division. Battery led its Series C and D rounds.
1 min read · 04 January 2013
The public pension looks to alternatives to drive returns, ploughing $825m into private equity, real estate and hedge funds.
2 min read · 04 January 2013
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
1 min read · 04 January 2013
In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
1 min read · 04 January 2013
Pierre Foods has obtained $35 million of debtor-in-possession financing from distressed debt specialist Oaktree Capital Management to continue operations during restructuring.
2 min read · 04 January 2013
After nearly three years of negotiation and two revisions of the investment agreement, the two parties have decided not to proceed citing changing market conditions. Government regulation of foreign investments had thwarted the deal in the past.
2 min read · 04 January 2013
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, despite $19.3m in deferred cash and stock compensation he has left bringing with him a golden Rolodex and deep knowledge and contacts within private equity.
2 min read · 04 January 2013
The Silicon Valley-based venture firms have signed on to lead a funding round for Zynga. Recent Kleiner Perkins hire and founding employee of gaming company Electronic Arts, Bing Gordon, will join Zynga’s board.
1 min read · 04 January 2013
NRDC Equity Partners, a partnership between Apollo Real Estate and National Realty & Development Corp, will integrate Canada’s largest retailer with Lord & Taylor, Fortunoff and Creative Design Studios as part of a new holding company.
2 min read · 04 January 2013
The Luxembourg-based steel producer has launched two funds targeting cleantech and carbon credit-producing investment opportunities. The cleantech fund has made its first investment in solar company Miasolé, injecting $20m into the company.
2 min read · 04 January 2013
