Chris Witkowsky
Aterian Investment Partners was founded by Michael Fieldstone, a former principal with Sun Capital Partners, in 2009, according to the firm’s web site. Aterian is led by Fieldstone, former Sun Capital principal Christopher Thomas and former Insight Equity principal Brandon Bethea.
Vopne Capital has launched its first fund with $20 million. The firm is focused on acquisitions, recapitalizations and financings of companies in the lower middle market, businesses with EBITDA of $1 million to $5 million.
CAIS and Fidelity Investments have formed a partnership to provide access to Fidelity's custodial clients to alternative investment funds including hedge funds and private equity funds. The platform will offer access to Fidelity's clients, including registered investment advisors, broker-dealers, multi-family offices and other financial intermediaries.
GTIS Partners, a real estate private equity firm, has closed a $716 million residential real estate fund, which includes co-investment vehicles. GTIS Partners has now raised more than $3 billion since its launch in 2005.
EQT Credit II has closed on EUR 845 million, beating its EUR 750 million target. Fund II had about 90 percent of existing investors in the first fund re-commit. About 55 percent of Fund II commitments were raised from the Nordic region, with 20 percent from the rest of Europe and 25 percent from the U.S.
KRG Capital Partners' portfolio company Vention Medical has bought Fast Forward Medical. Vention, which provides services for the manufacturing of medical devices, continues to expand its portfolio of advanced component technology offerings for the development of catheter-based devices used in surgical and minimally invasive procedures.
Onex Credit Partners completed its fourth collateralized loan obligation offering in a transaction that raised $514 million, including $40 million from Onex. Onex Credit focuses on non-investment grade credit investing.
Deal activity in the U.S. middle market picked up steam in recent months, particularly in the healthcare and software sectors, according to fresh research from BMO Harris Bank. Deal flow was boosted by vibrant debt markets, according to the report.
Water Street Healthcare Partners sold outsourced pharmaceutical services company AAIPharma Services Corp. to Cambridge Major Laboratories. The sale is Water Street's fourth strategic transaction in the past three weeks.
Silver Lake has re-hired Mark Gillett, departing corporate vice president for Skype and Lync at Microsoft, as managing director and head of value creation. Gillett will succeed Charles Giancarlo, current head of value creation and a senior technology industry executive. Giancarlo plans to stay with Silver Lake through the end of the year and then transition into an advisory role.