StepStone Group related stories
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Alaska’s PE head: why we shy away from mega-fundsThere is more long-term value in being a substantial investor in a small or medium sized fund, says Alaska Permanent's Stephen Moseley.
Apollo's CFO on its record-breaking fundraiseMartin Kelly reveals the inside story of Apollo Investment Fund IX which made history when it closed just shy of $25bn.
A year of opportunity, not exitsInnovation continued at a rapid pace in 2017, as did capital flows and mega deals. But liquidity failed to keep pace
- Connecticut Retirement approves $100m commitment
The US public pension has backed a secondaries fund.
Assent Compliance raises $40 mln in Greenspring-led Series BOttawa compliance software and data management solutions provider Assent Compliance Inc has secured $40 million in a Series B financing, according to a report by TechCrunch. The round was led by U.S. venture capital firm Greenspring Associates. It was joined by Volition Capital, OpenText Enterprise Application Fund, BDC Capital, National Research Council of Canada, Royal Bank of Canada and other investors that backed the company's $20 million Series A round last year. Founded in 2005, Assent provides data-focused modular solutions to enhance corporate social responsibility, product compliance and vendor management programs, along with compliance training and education. It plans to use the funds raised for expanding sales and marketing efforts, TechCrunch said. Assent is led by CEO Andrew Waitman, formerly a managing partner at Canadian venture capital firm Celtic House Venture Partners.
OMERS Ventures joins Rover.com's $65 mln fundraisingRover.com, a Seattle, Washington network of pet sitters and dog walkers, has secured US$65 million in funding. The round was led by Spark Capital and joined by new and existing investors, including Canadian venture capital firm OMERS Ventures. Earlier this year, Rover.com acquired DogVacay, a U.S. online care service for pet owners that was previously backed by OMERS Ventures. Founded in 2011, Rover.com said it expects to see a 200 percent increase in net revenue in 2017. It will use the funds raised for global expansion, brand awareness and to launch new services.
- Rover.com raises $65 mln
Rover.com said July 13 that it raised $65 million in funding led by Spark Capital. New investors Bespoke Strategies and StepStone Group also participated. Existing shareholders Madrona Venture Group, Menlo Ventures, Foundry Group, OMERS Ventures and Technology Crossover Ventures also participated. Rover.com, of Seattle, is a network of pet sitters and dog walkers.
- StepStone Real Estate hires MD
StepStone Real Estate has named Jay Morgan as managing director. Prior to joining the firm, Morgan worked at Courtland Partners.
- Apollo to up distressed investing for Fund IX – Exclusive
The firm, which also invests in corporate carve-outs and buyouts, has allocated about a third of its capital to distressed investing since inception.