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Hercules Technology Growth Capital, a specialty financing provider to venture growth stage companies backed by leading venture capital firms, has appointed Kristen Kosofsky as Senior Managing Director in the Life Sciences Group in the firm’s’ Boston office.
“I am pleased to welcome Kristen to Hercules and to have such an outstanding and seasoned investment professional join our industry-leading originations team,” says Manuel A Henriquez, chairman and chief executive officer of Hercules. “Kristen’s depth of experience and life sciences industry knowledge, coupled with her strong network is reflected in her proven track record of identifying, building and managing a high quality
The Better Software Company, a recent graduate from the L-SPARK Accelerator program, has secured an additional USD1.35 million in funding led by ff Venture Capital, with participation by Mistral Venture Partners and additional local angel investors.
This closes the firm’s seed funding round and brings the total amount raised to USD2.1 million.
The Better Software Company has created a unified and simple new business management software application for 10’s of thousands of small and medium sized businesses (SMB’s) operating in numerous micro vertical industries, including party rentals, window washing, auto detailing, etc. Since joining L-SPARK in January 2015, revenues
108 Partners, a middle market business advisory firm led by James Bergeron, has completed the recapitalisation of Levementum, enabling the CRM and digital services specialist to fund the next stage of its growth.
Levementum provides management consulting, system integration and value-added resale of cloud-based CRM and digital solutions, serving more than 1,000 customers across a wide variety of industries that include consumer packaged goods, high-tech, financial services, energy, telecommunications and manufacturing.
108 Partners began advising the Levementum executive team in April 2013 with James Bergeron providing CEO Coaching services and serving as a member of the company's Advisory Board.
With Blackstone Group’s latest opportunistic offering, which closed in Q3, becoming the largest private real estate fund of all time, Preqin’s Lauren Mason takes a look at fundraising for the strategy and the pipeline of opportunistic funds in market.
Although the total number of opportunistic funds reaching a final close each year has declined since 2012, the aggregate capital raised by these funds is at a post-crisis high: 37 opportunistic private real estate funds have reached a final close this year, raising USD49.6 billion in institutional investor commitments (Fig 1). Fifty-five percent of total capital raised in 2015 has been
CMS is continuing its rapid growth in London with the appointment of partner Jonathan Woolf to the firm’s Corporate team. He joins CMS from BP plc where he was Managing Counsel of BP’s M&A Legal team since 2010.
Woolf has particular expertise in M&A in the oil and gas sector, including upstream and midstream/downstream work, financial sponsors and a variety of other industry sectors. Previously, Jonathan practised with Linklaters in London and Hong Kong, and thus brings considerable expertise and in-depth market knowledge of the oil and gas business to the team. His international oil and gas experience extends to
Private equity and venture capital investor BaltCap is to acquire the invoicing and financial automation business of OpusCapita in the Baltics.
BaltCap Private Equity Fund II managed by BaltCap has signed an agreement to buy the business operations serving the local markets in the Baltic States from Finnish financial process provider OpusCapita. The transaction consists of OpusCapita AS in Estonia and Latvia and UAB OpusCapita in Lithuania which provide financial automation services to the local market.
“For BaltCap, the Baltics is a core market and we are thrilled to enter a business with many new opportunities,” says Kristjan Kalda,
The Maven Capital Partners managed Greater Manchester Loan Fund (GMLF) has invested in Salford-based e-Safe Systems Limited, a software and service provider focused on safeguarding and the monitoring of risk across the UK educational sector.
Through the use of sophisticated detection technology and a dedicated in-house specialist review team, e-Safe tracks the activity of pupils and staff at schools who employ the software to ensure decreased risk and accessibility of illegal activities.
The undisclosed six figure investment from GMLF, which is supported by the Regional Growth Fund, will provide e-Safe with development capital enabling it to invest in additional
Robo-adviser MoneyFarm has raised EUR16 million in financing from Cabot Square Capital as it prepares to launch in the UK market.
MoneyFarm uses technology to deliver high quality advisory and discretionary services at a fraction of the cost of a traditional wealth management firm.
Backed by one of Europe’s largest FinTech fundraising rounds of 2015, MoneyFarm will be able to accelerate growth to become Europe’s leading Digital Wealth Manager. According to Oliver Wyman, in the UK alone this market is expected to grow to GBP 20-30BN by 2019.
The company in its short history has already built up
Private markets asset management firm Hamilton Lane has successfully closed on USD200 million in private capital for its first Small Business Investment Company (SBIC) Fund, with significant support from anchor investor, the New York State Common Retirement Fund (NYSCRF).
A number of other institutional investors participated, including TD Bank, Bank of NY Mellon, HSBC Bank, Deutsche Bank and First Niagara Bank.
Through the SBIC Program, the US Small Business Administration (SBA) provides funding to qualified investment management firms with expertise in certain sectors or industries. The New York Credit SBIC Fund will provide USD200 million in debt and mezzanine
Edgemont Capital Partners has acted as exclusive financial advisor to WorkWell Medical Group on its investment and recapitaliaation by Salt Creek Capital. Terms of the deal have not been disclosed.
WorkWell Medical Group, founded in 2003 by Dr Sheilaja Mittal and Vikram Mittal, and headquartered in Salinas, California, offers patients and employers an in-house network of specialists, a multidisciplinary rehabilitation facility and a state-of-the-art mobile medical clinic, all providing a complete suite of healthcare services to improve healing time for employees, enabling them to return to work more quickly. The company owns and manages five medical clinics providing occupational medicine,
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