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TPH Partners has appointed Claiborne P. Deming as a senior adviser to the energy middle-market private equity fund.
Deming (pictured) joins Frank Kalman, Dick Lewis, Steve Shapiro and Joel V. Staff as a senior adviser. The effort, which is chaired by Joe B. Foster, focuses on equity investments in the upstream, oilfield service and midstream space.
“We are delighted that Claiborne is working with us on TPH Partners,” says Foster. “His experience in guiding independents as well as his industry knowledge as chairman of the National Petroleum Council makes him a great addition as we continue to acquire and build
Butterfield Fulcrum Group (Ireland), an alternative fund administration company, has been licensed to provide fund administration services by the Irish Financial Services Regulatory Authority.
Based in Dublin, Butterfield Fulcrum Group (Ireland) is now authorised under Section 10 of the Investment Intermediaries Act to provide administration services to collective investment schemes either domiciled in Ireland or offshore, including valuation services, fund accounting services, transfer agency and share registry.
The company will be able to provide these services to Irish authorised funds both Ucits and non-Ucits.
"Approximately one third of all hedge funds globally are serviced in Ireland," says Akshaya Bhargava (pictured),
Monsal, an environmental technology company backed by Matrix Private Equity Partners in 2007, has completed the first phase of planning, pre-design, permitting and support services for a food anaerobic digestion and renewable energy contract in March, Cambridgeshire.
The project will generate sufficient electricity to supply 1,500 homes, or approximately six per cent of the total demand for March, including that from industry and commerce.
The project is for Local Generation, a subsidiary of Lifecrown Investments, and will be located on land owned by Lifecrown and adjacent to Local Generation’s sister company Fenmarc Produce, a vegetable food packager and processor. Monsal
ApoCell, a molecular diagnostics laboratory that analyses the effectiveness of new compounds for the world’s leading pharmaceutical and biotechnology companies, has received an investment from growth equity investor Summit Partners.
The investment will be used to fund ApoCell’s organic growth initiatives and continued development of the company’s technology platforms.
“The decision to raise outside capital was an important and strategic move for ApoCell, and we believe Summit will assist us in achieving even greater results,” says Dr. Darren Davis, ApoCell’s chief executive. “With Summit’s strategic guidance and global network of contacts, we are now uniquely positioned to rapidly expand ApoCell’s
Venture capital investment in green technologies totalled USD1.9bn in 112 deals in the third quarter of 2009, up from USD836m in 59 deals in the first quarter of 2009 and USD1.2bn in 85 deals in the second quarter, according to Greentech Media.
Solar power was once again the leading investment segment at more than USD575m in 29 deals followed closely by biofuels, biomass and gasification deals at USD512m in 17 deals. As forecast by GTM Research, investment in smart grid, energy storage and automotive is gaining momentum.
Driven by the optimism of a recovering economy, plentiful government funding for renewable
TargetCast Networks, a provider of out-of-home digital TV advertising, has received USD6.5m in its second formal round of venture capital funding from Claremont Creek Ventures and Draper Fisher Jurvetson.
TargetCast previously raised USD6.3m in a series A investment led by Claremont Creek Ventures in September 2007. To date, the company has raised USD12.8m.
Jerry Hall, president and chief executive of TargetCast Networks, says the funding will be used to fuel expansion of the company’s advertising network and to cultivate strategic partnerships to sell advertising and to build an internal advertising sales team.
"Each of our investors has an impressive track
Vitech Systems, a provider of software and services to the alternative asset community, has signed seven new clients to the Equitrak platform during the first half of 2009.
These clients include Caledon Capital Management, IDeA Capital Funds SGR, Hauck & Aufhauser, and Thomas Weisel Partners Group.
Equitrak is a multi-lingual, multi-GAAP, and multi-currency fund administration solution.
"Vitech is extremely excited by Equitrak’s strength in the marketplace, with clients in ten countries including the US, Canada, Switzerland, Luxembourg, Singapore, and China," says Frank Vitiello, president of Vitech Systems. "Equitrak continues to lead the marketplace and deliver superior fund administration features. Its
Castanea Partners has appointed Jeffrey F. Rayport as operating partner.
Rayport has over 20 years of executive experience in information and marketing services.
Prior to Castanea, he was the founder and chairman of Marketspace, a strategy practice that works with companies to reinvent how they interact with customers and markets.
Previously, Rayport was a faculty member at Harvard Business School where he developed and taught the first e-commerce course in the US. He continues to teach in various executive programmes at the school.
Robert Smith, managing partner of Castanea, says: “As an operating oriented private investment firm, adding Jeffrey to
ThermalTherapeutic Systems, a developer of portable platform technology to standardize hyperthermic perfusion, has completed a USD2.75m series A financing.
After receiving initial start-up funding by the Pittsburgh Life Sciences Greenhouse, and successful rounds of private financing which included follow-on investments by the Pittsburgh Life Sciences Greenhouse and Innovation Works, Originate Ventures has taken the lead on a USD2.75m commitment intended to spearhead the commercialization of ThermalTherapeutic Systems proprietary new technology.
"Originate Ventures’ financial support of our strategic objectives marks a significant milestone in our company’s development. In July we submitted our application to the FDA, in August we closed on
KKR has appointed Jonathan R. Levin to the newly created position of treasurer and head of investor relations.
As treasurer, he will be involved in the oversight of the firm’s balance sheet, including the USD3bn in net assets it is expected to receive as a result of its combination transaction with KKR Private Equity Investors.
Henry R. Kravis and George R. Roberts, co-founders of KKR, said: “Jon’s new roles are important steps that will maximize the value of our capital for our investors, strengthen oversight within KKR and ensure a constructive and robust dialogue with public investors. Jon is well
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