StepStone Group related stories
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Quest Resource beefs up board with new additionQuest Resource Holding Corp, a provider of sustainability, recycling, and environmental and resource management solutions, has named Sarah R. Tomolonius to its board of directors. Tomolonius is a vice president of marketing and investor relations at Arlon Group.
- LACERS seeks contract extension with PE consultant
The Los Angeles City Employees’ Retirement System is seeking to extend its contract with Portfolio Advisors to give LACERS more time to evaluate the market for private equity consulting services.
- LACERS to issue RFP for private equity consultant
The LA city employees' pension, which has worked with Portfolio Advisors since January 2014, is looking to lower its fee structure with the firm.
- Just closed: StepStone Group raises $295m
View the latest closings
GV leads Series C funding for camera developer LightPalo Alto, California-based Light, maker of a high-tech, multi-aperture computational camera called the L16, announced it has raised $30 million in Series C funding led by GV. The company has now raised about $65 million in funding since it was launched in 2013, according to data from Thomson Reuters. GV, formerly called Google Ventures, was joined by returning investors Bessemer Venture Partners, CRV, Eclipse Ventures, StepStone Group, strategic investor Foxconn and Paul Jacobs, executive chairman of Qualcomm.
- New PE firm Sweetwater Capital Partners launches
Sweetwater Capital Partners, a new private equity firm, has launched. James Gamett, a former partner and head of secondaries at StepStone Group as well as a founder of Madison Creek Partners, will serve as SWCP's managing partner. Joining him are Brooks Lindberg as managing director; Joseph Siletto as managing director; Ron Heinz as principal; and Cameron Rondo as senior associate. The firm will focus mostly on the U.S.
- StepStone strengthens private debt business
With the acquisition of Swiss Capital Alternative Investments, the New York-based firm has launched a dedicated private debt arm.
- Greenspring Associates leads $40 mln Series C funding in The RealReal
Greenspring Associates led a $40 million Series E funding round in The RealReal, which provides a large selection of luxury items. Other investors in the funding round include Broadway Angels, NextEquity Partners and Springboard Fund. Existing investors Canaan Partners, e.ventures, Greycroft Partners, InterWest Partners, DBL Partners and Industry Ventures also participated in the funding. The RealReal has raised a total of $123 million.
Jobs of the Week: Hamilton Lane, Fortress, Carlyle and the CPP Investment Board are hiringIn Jobs of the Week, Hamilton Lane is seeking an associate or senior associate, Fortress is hiring a financial analyst, Carlyle is looking for an analyst in Beijing, and the CPP Investment Board is hiring an associate.
- UserZoom raises $34 mln Series A, acquires YouEye
UserZoom, a user experience research and testing platform, raised $34 million in a financing round led by TC Growth Partners, Trident Capital and StepStone Group. San Jose, California-based UserZoom also announced it acquired research technology company YouEye for an undisclosed amount.