Park Avenue Equity Partners is raising up to $300 million for its second fund, according to a regulatory filing. It already has secured around $100 million, while its inaugural fund was capped at $110 million in 1999. www.pkave.com
Cybera Inc., a Nashville, Tenn.-based provider of broadband wide area network solutions to multi-location businesses, has expanded its Series C round to $18 million. A $12.8 million first close occurred in 2005. Adams Street Partners led the deal, and was joined by Chrysalis Ventures, Claritas Capital and several prior Cybera investors. www.cybera.com
GE Commercial Finance Global Media & Communications has renamed itself Media, Communications & Entertainment, to reflect a growing focus on
David Buzen has joined Churchill Financial Holdings as chief financial officer. He previously was a managing director with Dublin, Ireland-based DEPFA Bank PLC.
Cinemark Holdings Inc., a Plano, Texas-based movie theater chain, has set its proposed IPO terms to 28 million common shares being offered at between $17 and $19 per share. It plans to trade on the NYSE under ticker symbol CNK, with Lehman Brothers serving as lead underwriter. Madison Dearborn Partners holds a 66.3% pre-IPO take, […]
Citigroup Venture Capital sold 61.3 million shares of Chinese developer Shui On Land Ltd. (HK:0272) at HK$6.12 per share, according to Dow Jones.
FirstLight Financial Corp. has launched as an Old Greenwich, Conn.-based provider of “one-stop” commercial financing. The firm is run by Ron Carapezzi, former president and CEO of GE Commercial & Industrial Finance. www.firstlightfinancial.com
SVB Analytics, a subsidiary of SVB Financial Group, has acquired the IRC 409A valuation practice of Gloucester, Mass.-based Rosebud Consulting Inc. No financial terms were disclosed. www.svb.com
Georges van Hoegaerden has joined Light Crafts, a Palo Alto, Calif.-based provider of photo-editing software, as CEO. He is a founder of The Venture Co. and a venture partner with Big Bang Ventures. In related news, Light Crafts closed a Series B round that VentureWire pegs at $1.3 million. www.lightcrafts.com
CalPERS has approved the following fund commitments: $150 million to Affinity Asia Pacific Fund III ($2.8 billion final close last month); $80 million to Gleacher Mezzanine Fund II (closed on $450 million); $400 million to Green Equity Investors V (closed on $5.3 billion); $400 million to Providence Equity Partners VI (closed on $12 billion); and […]