Private equity secondary market

UPSTACK Secures Equity Investment from Berkshire Partners

Retrieved on: 
Wednesday, April 14, 2021
Finance, Money, Investment, Financial markets, Private equity secondary market, Berkshire Partners, Private equity, MidOcean Partners, GP Investments

"\nSince its founding in 2017, UPSTACK has completed more than 1,000 data center, connectivity and cloud-based projects.

Key Points: 
  • "\nSince its founding in 2017, UPSTACK has completed more than 1,000 data center, connectivity and cloud-based projects.
  • For more information, visit us at https://upstack.com/ .\nBerkshire Partners, a Boston-based firm, has 35 years of investment history.
  • Berkshire Private Equity has made more than 130 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests.
  • For additional information, and to see a full list of the firm\'s private equity investments, visit www.berkshirepartners.com .\nView original content to download multimedia: http://www.prnewswire.com/news-releases/upstack-secures-equity-investmen...\n'

MidOcean Adds Talent to Its Investor Relations Team

Retrieved on: 
Monday, April 5, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Investment, Private equity secondary market, DB Group, MidOcean Partners, Private equity, Alternative investment

MidOcean Partners, a premier alternative asset manager specializing in middle market private equity and alternative credit investments, announced today the addition of Leslie Tanca and Tim Percarpio to the Firms Investor Relations team.

Key Points: 
  • MidOcean Partners, a premier alternative asset manager specializing in middle market private equity and alternative credit investments, announced today the addition of Leslie Tanca and Tim Percarpio to the Firms Investor Relations team.
  • MidOceans Chief Operating Officer, Debbie Hodges, said, We are pleased to welcome Tim and Leslie to the MidOcean team.
  • Weve built a world class investor relations infrastructure at MidOcean, and we look forward to Tim and Leslies contributions to the growth of our private equity and credit businesses.
  • As the Head of Investor Relations at MidOcean, Mr. Percarpio will be responsible for overseeing all of the firms private equity and credit marketing activities.

PrimePay Announces Investment from Aquiline Capital Partners

Retrieved on: 
Monday, April 5, 2021
Finance, Investment, Private equity secondary market, Service companies, Altegris, Mitch Caplan

WEST CHESTER, Pa., April 5, 2021 /PRNewswire/ --PrimePay, a national payroll, human capital management (HCM), and benefit services company, today announced it has received an investment from Aquiline Capital Partners, a private investment firm based in New York and London with $6.1 billion in assets under management.

Key Points: 
  • WEST CHESTER, Pa., April 5, 2021 /PRNewswire/ --PrimePay, a national payroll, human capital management (HCM), and benefit services company, today announced it has received an investment from Aquiline Capital Partners, a private investment firm based in New York and London with $6.1 billion in assets under management.
  • Harris Williams is serving as financial advisor and Ropes & Gray LLP is serving as legal advisor for Aquiline Capital Partners.
  • Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across financial services and technology, business services, and healthcare.
  • For more information about Aquiline, its investment professionals, and its portfolio companies, please visit https://www.aquiline.com/ .

Oak Hill Capital Completes Acquisition of Otelco Inc.

Retrieved on: 
Wednesday, March 31, 2021
Finance, Money, Investment, Oak Hill Capital Partners, Private equity, Private equity secondary market

NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (Otelco or the Company), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capital (Oak Hill), a private equity firm, completed its acquisition of Otelco Inc. for $11.75 per share in cash, representing a total equity purchase price of approximately $40.6 million.

Key Points: 
  • NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (Otelco or the Company), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capital (Oak Hill), a private equity firm, completed its acquisition of Otelco Inc. for $11.75 per share in cash, representing a total equity purchase price of approximately $40.6 million.
  • Richard Clark, President and CEO of Otelco, commented, This is an exciting day for Otelco, GoNetspeed and Lantek, and their customers.
  • Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception.
  • Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Media & Communications, Services, Industrials, and Consumer.

Striim announces $50M Series C funding led by Goldman Sachs Growth Equity

Retrieved on: 
Wednesday, March 31, 2021
Finance, Financial services, Investment banks, Goldman Sachs, Subprime mortgage crisis, Alternative investment management companies, Private equity secondary market, Goldman Sachs Capital Partners, Goldman Sachs controversies

PALO ALTO, Calif., March 31, 2021 /PRNewswire/ -- Striim, Inc. , provider of a leading real-time data integration platform, has announced a $50 million Series C financing led by Goldman Sachs Growth Equity.

Key Points: 
  • PALO ALTO, Calif., March 31, 2021 /PRNewswire/ -- Striim, Inc. , provider of a leading real-time data integration platform, has announced a $50 million Series C financing led by Goldman Sachs Growth Equity.
  • As part of the transaction, Bob Kelly, former Microsoft executive and current Operating Partner for Goldman Sachs, will join Striim's Board of Directors.
  • Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.
  • Goldman Sachs Growth Equity is the dedicated growth equity team within Goldman Sachs, with over 25 years of investing history, over$8 billionof assets under management, and 9 offices globally.

BlackRock Raises USD$3 Billion for Debut Secondaries & Liquidity Solutions Strategy

Retrieved on: 
Wednesday, March 31, 2021
Banking, Other Professional Services, Professional services, Finance, Finance, Private equity secondary market, Money, Economy, Private equity, Secondaries, BlackRock, Coller Capital, Paul Capital

BlackRock Private Equity Partners today announced that it has successfully closed on over USD$3 billion in total capital commitments for its debut Secondaries & Liquidity Solutions (SLS) strategy.

Key Points: 
  • BlackRock Private Equity Partners today announced that it has successfully closed on over USD$3 billion in total capital commitments for its debut Secondaries & Liquidity Solutions (SLS) strategy.
  • Capital raised includes USD$2.4 billion for its Secondaries & Liquidity Solutions Fund (the Fund), exceeding its initial target of USD$1.5 billion, and additional secondaries capital raised alongside the Fund.
  • BlackRocks Secondaries & Liquidity Solutions (SLS) strategy seeks to capture attractive opportunities in mid-sized secondary transactions by providing liquidity solutions to limited partners and general partners of private markets firms.
  • BlackRock Secondaries & Liquidity Solutions (Lux) SCSp (the Fund or SLS) is domiciled in Luxembourg.

 MSouth Capital to Bring Debt Financing and Minority Equity Capital to Middle Market Companies in the South

Retrieved on: 
Tuesday, March 30, 2021
Finance, Banking, Professional services, Other Professional Services, Small business, Finance, Money, Investment, Corporate finance, Private equity, Private equity secondary market, H.I.G. Capital, MSouth Capital, MSouth Equity Partners, LLC

MSouth Fund IV is managed by MSouth Equity Partners, LLC, a private equity investment manager with offices in Atlanta and Nashville.

Key Points: 
  • MSouth Fund IV is managed by MSouth Equity Partners, LLC, a private equity investment manager with offices in Atlanta and Nashville.
  • MSouth Capital is an Atlanta-based provider of private credit and minority equity financing solutions.
  • It provides capital primarily to small and middle market companies with EBITDA of $3 million or greater and a presence in the South.
  • MSouth Equity Partners, LLC is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 million and $200 million.

Eaton Partners Acts as Exclusive Placement Agent for Orangewood Partners’ Latest Fund

Retrieved on: 
Wednesday, March 24, 2021
Companies, Eaton Partners, Private equity secondary market, Stifel, Legal entities, Partnerships, Limited liability partnership, Organizations, Articles

ROWAYTON, Conn., March 24, 2021 (GLOBE NEWSWIRE) -- Eaton Partners, one of the worlds leading private capital advisory and fund placement firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive placement agent for Orangewood Partners.

Key Points: 
  • ROWAYTON, Conn., March 24, 2021 (GLOBE NEWSWIRE) -- Eaton Partners, one of the worlds leading private capital advisory and fund placement firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive placement agent for Orangewood Partners.
  • "Orangewood has a partnership and value-driven approach to transform lower middle market companies, said Josh Barenbaum, Partner at Eaton Partners.
  • Eaton Partners subsidiary Eaton Partners (U.K.) LLP is authorized and regulated by the Financial Conduct Authority (FCA).
  • Eaton Partners and the Eaton Partners logo are trademarks of Eaton Partners, LLC, a limited liability company.

HarbourVest Partners Appoints Matt HoganBruen as Managing Director

Retrieved on: 
Wednesday, March 24, 2021
Banking, Professional services, Human resources, Finance, Private equity secondary market, HarbourVest Partners, The Carlyle Group, Investment, Finance

HarbourVest Partners, a global private markets asset manager, today announced the hiring of Matt HoganBruen as a managing director and portfolio specialist focused on custom solutions and separate accounts.

Key Points: 
  • HarbourVest Partners, a global private markets asset manager, today announced the hiring of Matt HoganBruen as a managing director and portfolio specialist focused on custom solutions and separate accounts.
  • HarbourVest has been creating customized solutions and flexible separate accounts to address the needs of our clients for more than three decades, said John Toomey, Managing Director, HarbourVest Partners.
  • HoganBruen returns to HarbourVest after nearly three years at The Carlyle Group, where he was a managing director focused on product development, strategy, and investor relations.
  • Many institutional investors have recognized separate accounts as an essential element of their portfolio construction toolkit, said Brett Gordon, Managing Director, HarbourVest Partners.

Industry Ventures Raises Oversubscribed $850 Million Secondary Fund

Retrieved on: 
Wednesday, March 24, 2021
Venture capital, Software, Internet, Finance, Public relations, Investor relations, Communications, Professional services, Technology, Finance, Investment, Money, Corporate finance, Entrepreneurship, Private equity, Venture capital, Private equity secondary market, Corporate venture capital, Paul Capital

Industry Ventures, a leading investment firm focused on venture capital, announced today the final closing of Industry Ventures Secondary IX (the Fund or Secondary IX) at its $850 million hard cap.

Key Points: 
  • Industry Ventures, a leading investment firm focused on venture capital, announced today the final closing of Industry Ventures Secondary IX (the Fund or Secondary IX) at its $850 million hard cap.
  • Secondary IX is Industry Ventures largest fund raised to date and will enable the firm to continue to provide a broad range of liquidity solutions for venture capital investors.
  • As a pioneer in the venture secondary market, the firm has completed over 400 secondary investments in its 20-year history.
  • Industry Ventures invests across all stages of the venture capital lifecycle through complementary fund strategies.