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Riverside Credit Solutions has raised $100 million toward a first close of its debut fund, a source said. The first close is expected in October, the person said. Riverside is expected to complete marketing for the pool in 2018, the source said. Riverside Credit Fund I is seeking to raise $250 million to $500 million for the […]
Steve McLaughlin is founder and managing partner of Financial Technology Partners, which says it’s the only investment bank focused exclusively on fintech. Q: How has fintech changed in the past 10 years? It’s changed a lot. Ten years ago, there was a lot of focus on capital-markets technology. Payments technology was just starting to get […]
The debut fund from Pontifax Agtech, which features David Bonderman as an anchor investor, has so far raised more than $90 million, a source said. The Santa Monica, California, growth firm is seeking $125 million for Pontifax Global Food & Agriculture Technology Fund LP, according to a June SEC filing. Cebile Capital is the placement agent, […]
In the end, Lovell Minnick Partners didn’t need to search far to find its first female dealmaker. Lovell Minnick said Aug. 1 that Roumi Zlateva joined the firm as a vice president. Zlateva was previously a director in the financial-institutions group at UBS Securities. She was also an associate at Oak Hill Capital Partners, as well […]
Tim Schifer, a longtime Madison Capital Funding employee, has left the firm and will be joining Twin Brook Capital Partners, three sources said. Schifer oversaw parts of Madison Capital’s loan portfolio, a source said. He was a director in Madison’s underwriting and portfolio-management group, person said. Schifer’s bio is no longer available on the Madison Capital […]
All companies, including private equity firms, should do a better job of protecting their data, according to panelists at PartnerConnect Midwest. PE firms are at increased risk for cyber attacks because of the information they store, said Christopher Calicott, a managing director with Trammel Venture Partners. PE firms and hedge funds aggregate “all sorts of […]
Centana Growth Partners, the growth equity firm launched by former FTV Capital executives, raised $250 million with its debut fund. Centana Growth Partners LP was oversubscribed and came in 25 percent above its $200 million target. Centana will seek to make growth equity investments in financial services, financial technology and enterprise technology companies that sell […]
Brett Johnson, former managing director at Pantheon, has joined Industrial Growth Partners. Calls to Johnson at IGP went to his voicemail. Johnson’s LinkedIn page said he is CFO of Industrial Growth but it doesn’t specify when in 2017 he joined. Pantheon is a fund-of-funds that invests in private equity, infrastructure and real assets. Johnson left Pantheon in […]
Private equity firms aren’t afraid to oust portfolio company CEOs who aren’t up to muster. In fact, nearly three of five (58 percent) of portfolio CEOs will be replaced within two years of an acquisition, and 73 percent of CEOs will likely be sent packing during a fund’s investment cycle, a survey from AlixPartners said. […]
Ronen Lazar is co-founder and CEO of Inturn, a B2B software platform that helps retailers deal with excess inventory. Q: What’s the biggest problem for retail? Inventory is the largest expense for every retailer. For one, it’s an unpredictable demand. There’s changes in consumer-spending habits, weather. There’s always inventory that no retailer can project what they […]