Iris Dorbian

Boston-based private equity firm Great Hill Partners has closed its sixth fund at a hard cap of $1.5 billion, beating its $1.25 billion target. Great Hill Equity Partners VI LP launched last September. The fund will focus on acquiring, recapitalizing and expanding middle-market companies whose revenues range between $25 million and $500 million. Latham & Watkins LLP advised Great Hill on the fund. No placement agent was used.

Pamlico Capital has made an undisclosed investment in Veson Nautical LLC. Harris Williams & Co provided financial advice to Veson on the transaction. Based in Boston, Veson is a provider of commercial maritime operations software and services.

St. Cloud, Minnesota-based Netgain, a cloud management services and technology provider, has raised $25 million in funding. The investor was Bluff Point Associates.

HCAP Partners has sold Vertical Management Systems Inc to NewSpring. No financial terms were disclosed. Based in Pasadena, California, VMS is a provider of data, financial networking and account aggregation technology.

D'Orazio Capital Partners has acquired Finland-based Outokumpu Oy's U.S. stainless steel plate operations. No financial terms were disclosed for the transaction that was done in partnership with the operations' management. The new company, located in New Castle, Indiana, has been renamed New Castle Stainless Plate LLC. Prairie Capital Advisors Inc provided financial advice to D'Orazio Capital Partners and NCSP's management on the deal.

Liberty Hall Capital Partners has acquired Quatro Composites LLC, a provider of advanced composite structures, components and assemblies for the aerospace industry. No financial terms were disclosed. Liberty Hall will integrate Quatro into AIM Aerospace Corp, a portfolio company.

Christina Real Estate Investors 2 has acquired two adjacent mixed-use retail/commercial properties, located at 328 & 332 South Beverly Drive in Beverly Hills, California. The price of the transaction was $11.5 million.

Turnbridge Capital has made an undisclosed investment in Gradiant Energy Services, an MIT spin-out. Based in Boston, Gradiant is a provider of integrated water management solutions for the energy sector.

Lee Equity Partners has promoted five of its investment professionals. Geoffrey Lieberthal, Rahul Nand and Collins Ward have become partners; Eric Hsu is now a vice president and John Ettinger has been upped to senior associate.

Frog Capital has appointed Martin Hauge as chairman. Hauge was a former partner at the Nordic venture firm Creandum.