Weekly People & Company News
- Tim Clark was appointed an operating partner by Praesidian Capital, a private equity firm headquartered in Oklahoma City. Since 2015, he has been managing director of Hall Capital, a private investment family office. Previously, Clark was managing director of Gridiron Capital and worked in investment banking for Morgan Stanley, Bankers Trust and Warburg Dillon Read in leveraged finance, high yield and merchant banking.
- Jay Steinle was hired as managing director, head of investor relations for HighPost Capital LLC, a private equity firm focused on the global consumer sector. Steinle will lead the firm’s fundraising and investor relations activities. He will report to David Moross, chairman and CEO. Most recently, he was a partner, investor relations at Atlantic Street Capital, a lower middle-market private equity firm.
- James McQueen was hired as managing director in the investment banking group by Prairie Capital Advisors Inc., a corporate advisory and investment banking firm. McQueen joins Prairie with over 20 years of investment banking experience as he has provided M&A and capital advisory services to both public and private companies. Prior to joining Prairie, McQueen held positions with Navidar, Brown Brothers Harriman, Amcor Limited, John Crane Corp., JP Morgan Securities and Bear Stearns & Co.
- Akilah Crichlow was added as executive director of strategy, product and growth by Morrison, an infrastructure investment firm. Crichlow will help to drive Morrison’s growth strategy and develop the firm’s strategic initiatives. She previously served as director on the value creation team at Warburg Pincus and engagement manager in the strategy and corporate finance practice at McKinsey & Co.
- Meena Flynn was promoted top private wealth management executive by Goldman Sachs to co-lead its One Goldman Sachs initiative. Flynn, who serves as global co-head of private wealth management, will additionally run One Goldman Sachs alongside co-head Sam Morgan. Flynn succeeds Kim Posnett, who has held the role since 2021 and will continue in her position as global head of the technology, media and telecommunications group within global banking and markets. She will also continue in her role co-leading the One Goldman Sachs Family Office initiative in the Americas.
- Nordic Capital has acquired a majority stake in ActiveViam, which is focused on risk data analytics for the financial services sector. ActiveViam serves a range of financial services organizations including banks, hedge funds, asset managers, exchanges and regulators.
- Pretium, an investment firm with more than $50 billion in assets under management, has partnered with Hunter Point Capital, which made a minority investment in Pretium, to support the growth of its existing strategies: residential real estate and corporate and structured credit. The company invests in non-agency residential mortgage loans, residential business purpose lending and the creation of new homes and is an owner-operator of single-family homes in the U.S.
- Silver Oak Service Partners LLC-backed Summit, a provider of virtual servers and cloud-based application hosting in the U.S. and Canada, has acquired Deft, a provider of data center and managed cloud services. With the acquisition of Deft, Summit has now completed three acquisitions during the past 18 months.
- KKR has agreed to purchase the end-user computing division of Broadcom for approximately $4 billion. Originally a division of VMware before Broadcom’s acquisition, the EUC division offers digital workspace services that allow organizations to securely deliver and manage applications, desktops and data across any device or platform. The EUC division will become a standalone company.
- BFG Partners, a Boulder, CO- and Los Angeles, CA-based venture capital firm specializing in early-stage consumer products, activated its third fund, “BFG Fund III”, with commitments already approaching 70% of the $125M target fund size. The fund will be used to accelerate growth of emerging brands in the food, beverage, and personal care categories. BFG Fund III follows the success of Fund I ($54M) and Fund II ($108M).
- Trousdale Ventures led a $23.5M in funding round for Range Energy, a Mountain View, CA-based hardware company bringing trailers to the commercial trucking market. UP.Partners, R7, and Yamaha Motor Ventures also participated in the round. The additional financing brings Range’s total funding to $31.5M inclusive of the company’s $8M seed financing.
- Tru Arrow Partners and Cota Capital co-led a more than $36M fundraise for Rhombus, a Sacramento, CA-based cloud-managed physical security company. The round included $17M in debt financing from Silicon Valley Bank, with existing investors Caden Capital and Uncorrelated Capital also participating.
- Greenfield Partners and existing investor Zeev Ventures co-led a $105M Series A funding round for Exodigo, a Tel Aviv, Israel- and Palo Alto, Ca-based AI underground mapping solutions provider. The company intends to use the funds to further build out its global team, accelerate the development of a self-service product line, and support its expansion into new markets.
- Hercules Capital led a $65M fundraise for Reveleer, a Glendale, CA-based AI-powered healthcare technology data and analytics company. Jay Ackerman, CEO and President, Reveleer provides complete record retrieval and review services so health plans can plan and execute programs that deliver more value and improved outcomes.
- Deerfield Management Company and Droia Ventures co-led an $80M Series round for Frontier Medicines Corporation, a Boston, MA- and San Francisco, CA-based precision medicine company developing therapies against otherwise undruggable disease-causing targets. The round, which brought the total amount to $235.5M, saw participation from Galapagos NV as a strategic investor, and contributions from new and existing investors including DCVC Bio, MPM Capital, and RA Capital Management.
