Boston-based mid-market private equity firm Riverside Partners has partnered with management to recapitalize IZI Medical Products, a provider of medical markers used in image guided sur

Abbott Capital Management has raised more than USD1bn for Abbott Capital Private Equity Fund VI, reaching its target for the fund. Like its predecessor funds, ACE VI’s investment strategy is to invest in a diversified pool of venture capital and growth equity, buyout and special situations funds in the US and other developed markets.   Jonathan Roth, managing director (pictured), says: ‘We believe that the level of commitments made to ACE VI confirms our status as a leading independent private equity investment firm. Abbott’s fundraising success demonstrates the value to investors of maintaining established investment disciplines, honed by Abbott throughout

Meru Networks has raised USD30m in a private funding round led by a new investor managed by Vision Capital Advisors of New York City. Existing investors, including Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures, also participated in the funding round.   ‘We are experiencing unprecedented enthusiasm for IEEE 802.11n solutions, and enterprises’ rapid adoption of the 802.11n standard presents us with the opportunity to accelerate our WLAN market share growth,’ says Brett White, Meru’s chief financial officer.   ‘CIOs are looking for a wireless solution that is easy

The Herald Group has announced the selection of PFS-Paxus as its core infrastructure system for its recently established fund administration business, Herald Fund Services.

The Ontario Venture Capital Fund is committing CAD20m in EdgeStone Capital Venture Fund III to help support innovative, high-growth businesses, including high-potential companies in Ont