Weekly People and Company News
- Ben Axelrod was hired as a managing director by Borgman Capital, a Milwaukee-based lower-middle-market private equity firm, to initiate the firm’s presence in the Minneapolis-St. Paul area. Prior to joining Borgman, he was a managing director and group head of the investment banking practice at CLA.
- Jason Scheir was named co-head of Apollo Global Management’s Hybrid Value business, which combines its equity and yield strategies in one global team to provide debt and equity services. Scheir will work with co-head Rob Ruberton, with Matt Michelini, head of Asia-Pacific, serving as investment committee chair.
- Carle Felton was named a managing director by Cascadia Capital, an independent middle-market investment bank. Felton will assist in the launch of Cascadia’s capital markets advisory practice and expansion into the Atlanta market. Felton joins from Goldman Sachs Private Credit and Hybrid Capital.
- Dalia Bauman was hired as vice president in the hybrid capital team and Molly Cline was named an associate on the capital formation team for CoVenture, an alternative asset management firm focused on credit-oriented investments in early and late-stage companies. Bauman was previously an associate in the credit opportunities fund at The Carlyle Group, while Cline was an investment analyst on the private capital team at Agility Outsourced CIO.
- Dan Pogue has joined Catalyst Partners, a private equity anchor and seeding platform backed by Moelis Asset Management, as a vice president. Pogue joins Catalyst from Asset Consulting Group. Prior to ACG, Pogue served as a Principal at Mercer following its acquisition of Summit Strategies Group.
- Mark Hardaway was appointed to the newly created role of CFO by Jacmel Growth Partners, a minority-owned, private investment firm focused on working with US midsize companies. He was previously a Senior Treasury Officer at the University of California, LA.
- ANYbotics, a provider of robotic solutions for customers including global oil & gas and chemical companies, raised a $50mn Series B funding round led by Walden Catalyst and NGP Capital, with participation from Bessemer Venture Partners, Aramco Ventures, Swisscom Ventures and Swisscanto Private Equity.
- Spiff, a Salt Lake City-based software startup that enables sales operations teams to self-manage incentive compensation plans, raised $50mn in a Series C funding round led by Salesforce Ventures, with participation from Lightspeed, Norwest, Kickstart Fund Album.
- Cadence Neuroscience, a clinical-stage company developing a novel neuromodulation therapy for treating pediatric and adult patients, raised $26mn in Series B funding. The round was led by Angelini Lumira Biosciences Fund (co-managed by Lumira Ventures and Angelini Ventures) and included the company’s Series A lead investor JAZZ Venture Partners.
- BlueAlly Technology Solutions, an IT services company serving businesses, government entities, educational institutions and regulated industries and a portfolio company of Source Capital, has purchased Corporate Armor, a supplier of technology, security and infrastructure products.