MEMBERS NEWS

NexPhase Successfully Closes Oversubscribed Fund IV at Hard Cap NexPhase Capital announced it has successfully closed NexPhase Capital Fund IV (NPC IV) at its hard cap of $544 million, which represents more than a 50% increase over its predecessor fund, NexPhase Capital Fund III. The fund was oversubscribed with strong support from existing investors combined with significant interest from a diverse base of new investors, including public pension plans and global institutional investors. Consistent with previous funds, NPC IV will seek control buyout investments in growth-oriented and capital-efficient North American lower middle-market companies across the consumer, healthcare and software verticals.

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GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule GCM Grosvenor (Nasdaq: GCMG) announced that it met its June 2019 stated objective of allocating an additional $2 billion to women and minority investment managers more than a year ahead of the targeted three-year timeline. Since formalizing its diverse manager investment efforts in 2002, GCM Grosvenor has invested and committed approximately $8 billion to women and minority alternative investment managers. GCM Grosvenor has committed approximately $17 billion to environmental, social and governance (ESG) and impact strategies, including clean energy, diverse managers, regionally targeted programs, and labor impact investments.

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Clearlake & TA Associates-Backed Precisely to Acquire Infogix Precisely, the global leader in data integrity software, newly backed by Clearlake Capital Group, L.P. and TA Associates, announced a definitive agreement to acquire data integrity and governance software provider Infogix. Terms of the deal were not disclosed. Infogix continues to provide large and mid-market companies around the globe with a broad range of integrated and configurable tools to govern, manage and use data — from operations and the office of data to sales, from product and customer service to marketing.

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Country Fresh, Sun Rich Assets Acquired by Stellex Capital-Led Group Country Fresh and Sun Rich USA announced that they were acquired by a group consisting of Stellex Capital Management, previous management, and Country Fresh’s original founder. The new parent entity will operate under the Country Fresh name and provide Country Fresh and Sun Rich USA brand products. Country Fresh is a premier full-service, fresh food solutions partner for retail, foodservice, club, and convenience stores. The company is a leading provider of fresh-cut fruit, apple slices, vegetable and snacking solutions and ready-to-serve salad kits in a variety of blends, sizes, and packaging options.

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Rocket Lawyer Announces $223 Million Growth Investment Led by Vista Credit Partners Rocket Lawyer, the affordable and complete legal service, announced a major growth capital financing of $223 million, led by Vista Credit Partners, a strategic credit investor and financing partner focused on the enterprise software, data, and technology markets. Rocket Lawyer and Vista will collaborate to scale the Rocket Legal Cloud platform to meet the strong and accelerating demand for the company’s natively digital tools of justice. Rocket Lawyer provides enterprises, small and medium-sized businesses, and millions of individuals and families with digital legal documents, RocketSign digital signatures, attorney advice from anywhere, online incorporations and more, at a fraction of the traditional cost.

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Cedar Realty Trust Partners with Asland Capital Partners and the Goldman Sachs Urban Investment Group for Opportunity Zone Redevelopment Asland Capital Partners, Cedar Realty Trust (NYSE:CDR) and the Goldman Sachs Urban Investment Group announced the formation of a joint venture for the construction of the first phase of Northeast Heights, a mixed-use office and retail development in the Minnesota/Benning submarket of Washington D.C.’s Ward 7 neighborhood. The area’s designation as an Opportunity Zone will allow for important tax incentives for investments in new business and commercial projects at Ward 7, a historically underserved market. The office space is 100% leased to the Washington, D.C., Department of General Services (DGS) for its headquarters. The joint venture will work to lease the remaining retail space at the property to retailers that benefit tenants of the office building and bring necessary amenities and services to the area.

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ON THE MOVE

Deborah Gallegos Joins Palladium Equity Partners as a Managing Director Palladium Equity Partners announced that Deborah Gallegos joined the firm as a Managing Director. Ms. Gallegos brings to Palladium 25 years of investment experience, having managed over $100 billion in assets over the course of her career. She previously served as Chief Investment Officer for the New York City Comptroller, Deputy State Investment Officer for the New Mexico State Investment Council, and Director of Manager Research for Strategic Investment Solutions, now Verus Investments. Most recently, she was a Senior Investment Manager at CSAA Insurance Group. She holds both a BA and MBA from the University of California, Berkeley.

Aaron Symanski Joins Carrick Capital as Senior Vice President, Technology Operations Carrick Capital Partners announced the addition of Aaron Symanski as Senior Vice President of Technology Operations. In this role, Aaron will focus on thematic sourcing, due diligence and portfolio operations, focusing on key technology trends in cloud computing, data and application architecture and cybersecurity. Symanski has been designing platforms, leading technology teams and overseeing operations and delivery in finance and healthcare for more than 25 years for such companies as Bank of America, ABN Amro, BISYS, and Change Healthcare. He earned a Bachelor of Arts degree in economics and a Master of Science in computer science from the University of Illinois at Urbana-Champaign and an MBA from the University’s Gies College of Business.

JOB OPPORTUNITIES

CalPERS Hiring Investment Officer and Associate Investment Manager CalPERS’ Investment Office – Real Assets Unit (RAU) Portfolio Management Group (PMG) is currently seeking an Investment Officer II to perform advanced and complex portfolio/asset management-related work and provide RAU management with recommendations supported by research and analysis consistent with the strategic and tactical goals/objectives of the RAU and drive CalPERS’ mission. To apply, visit: https://bit.ly/3vw0S2t CalPERS is also seeking an Associate Investment Manager (AIM) to manage the top-down research, risk and governance functions. The AIM will also serve as the primary backup for the portfolio analytics, database and performance attribution initiatives within RAU and assist the Strategy, Portfolio Analytics, Research and Risk (SPARR) Investment Director (ID) with portfolio strategic planning and drive CalPERS’ mission. To apply, visit https://bit.ly/3aT1Z4t.