SaysMe Inc, a Los Angeles-based provider of politics-based, consumer-driven television advertising, has closed a series A financing led by Intel Capital and Prime Capital. Also participating were Ashton Kutcher's Katalyst Films, advertising pioneer Bill Apfelbaum, and other prominent angel investors. The proceeds from this funding round will be used to expand SaysMe's product offering beyond […]
Shannon Smith has left Blue Point Capital Partners, where he was a managing partner running the firm's Charlotte office. No word yet on why he left, or if he has a new job lined up. Smith joined the mid-market buyout firm in 1998, after having previously spent eight years with Bowles Hollowell Conner & […]
Ryan Watson is leaving Stone Tower Capital to join Fortress Investments, where he will work in the Macro Fund focused on special situations and distressed credit. The move is effective May 12.
LONDON (Reuters) – Private equity property funds could be set for another record year, having defied tough market conditions by raising $25 billion in the first quarter, research firm Private Equity Intelligence (Preqin) said on Thursday. Blackstone's (BX.N: Quote, Profile, Research) global opportunistic fund, Blackstone Real Estate Partners VI, led the way with a record […]
Ken Wallace has joined Industry Ventures as a senior associate, focused on both secondary and direct investment opportunities. He previously worked in the private equity funds group of Bessemer Trust. PRESS RELEASE Industry Ventures, a leading secondary firm focused on acquiring venture portfolios, limited partnership interests and direct investments from institutions and individual […]
Bryan Corbett has joined The Carlyle Group as a principal on the firm's Government and Regulatory Affairs team. He will be based in Washington DC, and will report to David Marchick. Corbett most recently served in the Bush Administration as a Special Assistant to the President for Economic Policy and as Senior Advisor to […]
Retail Convergence Inc., a Boston-based ecommerce conglomerate, has raised $25 million in Series A funding. Participants include Breakaway Ventures, New England Development, Mugar Investments and General Catalyst Partners. The company's first addition was SmartBargains.com, and now has launched RueLaLa.com, an invitation-only private sale ecommerce site. PRESS RELEASE Retail Convergence Inc., a newly formed corporation comprised […]
Thomas Cresante has joined Blue Point Capital as an operating partner in the firm's Seattle office. He previously was CEO of Special Devices Inc. www.bluepointcapital.com
Hudson Ferry Capital has postponed fundraising for its debut vehicle, according to LBO Wire. The small-market buyout shop was formed in mid-2006, and began looking to raise $400 million. It held a $40 million first close last fall, from LPs like MassMutual, National City, Babson Capital and CIT Group. It plans to resume fundraising once […]
SAN FRANCISCO, April 23 (Reuters) – The chief investment officer of Calpers is resigning to pursue environmental investments after nearly two years overseeing assets at the biggest U.S. pension fund, a fund spokesman said on Wednesday. Russell Read, who oversaw a robust 19.1 percent return for Calpers in 2007, joined the pension fund in June […]