AOL is in talks to acquire Third Screen Media for around $80 million, according to The Wall Street Journal. Third Screen is a Boston-based provider of mobile advertising and marketing software, and has raised $8 million in VC funding from firms like TD Capital Ventures and Blue Chip Venture Co. www.thirdscreenmedia.com
The California State Teachers' Retirement System (CalSTRS) has issued an RFP for a new alternative investment consultant. Its current contract with McKinsey & Co. expires later this year. CalSTRS' alternatives portfolio is valued at approximately $9.4 billion, with committed values of $19.9 billion. www.CalSTRS.com/rfp
Point Judith Capital of Providence, R.I. has closed its second early-stage VC fund with $73 million in capital commitments from LPs like Tudor Investment Corp. In related news, Point Judith announced that Sean Marsh has joined the firm as a fulltime general partner. He previously had been listed as a Point Judith GP, but only […]
Andrew Thornborrow has joined BlueRun Ventures as general counsel. He previously was with Gunderson Dettmer Stough Villeneuve Franklin & Hachigian. www.brv.com
Thomas Weisel Partners has formed an I-banking team dedicated to the alternative energy and cleantech market. It will be led by John Book, who previously was with First Albany Capital. His former team members Robert Kaplan and Chris Gidopoulos also are coming aboard. In other Thomas Weisel Partners news, the firm said that chief administrative […]
Tabreez Verjee has been named CEO of online video sharing site GoFish Corp. (OTC BB: GOFH). He previously was a general partner with Global Asset Capital. www.gofish.com
BecoTek AS, a Norwegian industrial components based on copper alloys, has acquired Johnson Metall AB, a Nordic manufacturer of finished and semi-finished products in bronze, from Hexagon AB. BecoTek is controlled by Norvestor.
Berkeley Capital Management of San Francisco has agreed to acquire the investment team of CapitalWorks Investment Partners, a San Diego-based firm that manages approximately $650 million in traditional and alternative assets for institutional investors. No financial terms were disclosed. Lovell Minnick Partners acquired Berkeley Capital Management in 2003 from London Pacific Group. www.Berkeleycm.com
John Janitz and Dominick Schiano have joined DLJ Merchant Banking Partners as global industry partners. Janitz previously served as co-managing principal for turnaround firm Questor Management Co., while Schiano had been a managing director with Questor. DLJ Merchant Banking also hired former Compass Partners pro Allen Yurko as a London-based industrial partner. www.credit-suisse.com
BiPar Sciences Inc., a Brisbane, Calif.-based drug company focused on cancer therapies, has raised $35 million in Series B funding. Domain Associates led the deal, and was joined by return backers Vulcan Capital, Canaan Partners, PolyTechnos Venture-Partners, Asset Management Company and Quantum Technology Partners. BiPar is developing multiple compounds designed to inhibit PARP 1, an […]