MEMBERS NEWS

Harlem Capital Closes Oversubscribed Fund II Harlem Capital announced the closing of Harlem Capital Partners Venture Fund II, LP (Fund II) at $134 million. The fund was oversubscribed from its target of $100 million and above its initial cap of $125 million. Fund II’s limited partners include 14 world-class institutions, four global corporations, and six family offices. The firm has the support of 18 GPs of other investment funds, with 42% of Fund II’s individual LPs being women or people of color. Harlem Capital aims to invest in 1,000 diverse founders over the next 20 years. Established as an angel syndicate, Harlem Capital closed its $40 million inaugural fund in November 2019 and now manages $174 million in AUM.

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MaC Venture Capital Raises Inaugural $103 Million Seed Fund MaC Venture Capital announced it has raised its inaugural $103 million seed-stage fund. The firm intends to make 40 investments with this new fund, with an average investment of $1 million. The fund’s limited partners include Foot Locker, Inc., Goldman Sachs, Greenspring Associates, Bank of America, Howard University, MacArthur Foundation, the University of Michigan, State of Michigan Retirement System, and Mitch and Freada Kapor, among others.

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Appriss Health Acquires PatientPing to Deliver Comprehensive Care Coordination Solutions Appriss Health, a leader in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, backed by Clearlake Capital Group, L.P. and Insight Partners, announced that it has entered into a definitive agreement to acquire PatientPing. Terms of the transaction were not disclosed. PatientPing is a leader in care coordination data and software solutions focused on patients with complex needs and senior care. The combined Appriss Health and PatientPing platform serves the largest integrated delivery systems in the U.S., including 2,500 hospitals, 7,500 post-acute facilities, 25,000 pharmacies, including every national pharmacy chain and 43 state governments.

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Curi Bio Raises $6M Series A Financing Round Led by Dynamk Capital Curi Bio Inc., a leading developer of human stem cell-based platforms for drug discovery, announced it raised $6 million in a Series A financing round. The round, led by Dynamk Capital, is expected to close with additional investors by the end of Q2 2021. The investment will be used to scale its existing business and accelerate the development of new innovative human stem cell platforms, including its Mantarray platform. Curi Bio’s preclinical discovery platform combines human stem cells, systems, and data to accelerate the discovery of new medicines.

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ICV Partners Announces Majority Investment In Cherry Tree Dental ICV Partners announced that it made a majority investment in Cherry Tree Dental in partnership with Co-CEOs Steve Sorrel and Jack Young. Cherry Tree Dental is a leading general dentistry provider in Wisconsin that employs a proven acquisition and office consolidation strategy dedicated to small, one or two-dentist practices. Founded in 2006 and based in Madison, Cherry Tree is the largest independent general dentistry provider in Wisconsin, operating 28 locations in 10 markets.

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Bigfoot Biomedical Secures up to $57M in Combined Debt and Equity Financing from Madryn Asset Management Bigfoot Biomedical announced that it secured new financing of up to $57 million from Madryn Asset Management LP. The proceeds of the investment will be used by Bigfoot to support the commercialization of its Bigfoot Unity Diabetes Management Program. Bigfoot Biomedical partners with health care providers to deliver simple, connected, and comprehensive solutions for the large number of people who have been overlooked by diabetes innovation.

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Royal Caribbean Group Sells Azamara brand to Sycamore Partners Royal Caribbean Group (NYSE:RCL) announced it sold its Azamara brand to Sycamore Partners for $201 million in an all-cash transaction. The sale included Azamara’s three-ship fleet and associated intellectual property. Azamara is an upmarket cruise line and the leader in Destination Immersion experiences, presently with three mid-sized ships sailing to all seven continents of the world, with an additional fourth ship scheduled to join the fleet in 2022. The boutique-style ships allow them to reach marquee ports around the world and dock in smaller, less-visited hidden gems.

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ARCOS Receives Strategic Growth Investment from Vista Equity Partners ARCOS LLC, the market leader for utility and critical infrastructure resource-management solutions, announced it signed a definitive agreement to receive a majority investment from Vista Equity Partners. ARCOS and Vista will partner to accelerate investment in hiring, continue driving innovation in its core products and expand its suite of offerings – solving the toughest resource management challenges for utilities and other critical infrastructure industries. Since 2005, ARCOS’ technology has helped hundreds of the largest electric and gas utilities and airlines manage their crews and resources, especially in unplanned scenarios where resources are needed on short notice.

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Vista’s Sonatype Acquires MuseDev Sonatype, the leader in developer-friendly tools for software supply chain management and security, and Vista Equity Partners portfolio company, announced the acquisition of MuseDev, an innovative code analysis platform. MuseDev’s core offering automatically analyzes and provides uniquely accurate feedback on each developer pull request, making it easy to find and fix critical security, performance, and reliability bugs during code review. With the addition of Muse, the Sonatype Nexus platform now offers customers full-spectrum control of the cloud-native software development lifecycle, including first-party source code, third-party open-source code, infrastructure as code, and containerized code.

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Four Winds Interactive and Poppulo Combine to Create a Global Employee Communications Powerhouse Four Winds Interactive, the leading provider of enterprise digital signage and workplace experience software, and Poppulo, the leading provider of email and mobile employee communication software, announced the two companies reached a definitive agreement to join together. The combination, backed by Vista Equity Partners, will serve 6,000+ customers, the market’s most comprehensive omnichannel employee communications platform with unmatched personalization and measurement capabilities, supplemented by its class-leading space management solution for flexible desk and conference room booking.

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Grain Management Closes Flagship and Spectrum Funds with $3.75B in Total Commitments Grain Management announced the closing of its flagship fund, Grain Communications Opportunity Fund III, L.P. (GCOF III), with $2.25 billion in commitments, exceeding its target of $1.5 billion. Grain is also pleased to announce the closing of its third spectrum-focused investment vehicle, Grain Spectrum Holdings III, L.P. (GSH III). GSH III closed quietly on $1.5 billion of commitments in September 2020, exceeding its $1 billion target. The Funds attracted excess demand driven by strong, early support from existing limited partners and significant interest from new investors on a global scale.

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Jacmel Growth Partners Exits Investment in EMSAR Jacmel Growth Partners LLC announced that it exited its stake in EMSAR, LLC. Terms of the transaction were not disclosed. Founded in 1993, EMSAR is a leading national field service and equipment maintenance provider serving end-users in the healthcare, power, retail and security industries. In addition to field service and repair, EMSAR provides installation, logistics support, training & education and supply chain solutions for its customers.

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ON THE MOVE

Ariel Investments Names Fazal Merchant and Anthony D. Romero to its Board of Directors Ariel Investments, LLC announced the appointment of Fazal Merchant, Former Co-CEO of Tanium Inc., and Anthony D. Romero, Executive Director of the American Civil Liberties Union (ACLU), to its Board of Directors. Merchant most recently served as Co-CEO of Tanium Inc., a leading high-growth global cyber-security and IT management firm. Previously, he was Chief Financial Officer of DreamWorks Animation SKG, where he was integral to the company’s sale to Comcast. Romero has been the Executive Director of the ACLU, the nation’s premier defender of civil liberties, since 2001. He has presided over the most prodigious growth in the ACLU’s history, dramatically increasing its membership, national and affiliate staff, and budget.

Richard Sussman Joins Black Dragon as Partner Black Dragon Capital announced that Richard Sussman joined the firm as a partner. Sussman is an entrepreneur, investor, and corporate executive whose career spans Technology Media & Telecommunications (TMT) in B2B enterprise software (SaaS and PaaS), B2B & B2B2C product & service offerings, and consumer products & electronics. His experience encompasses both operating and investment expertise to high-growth technology sectors in emerging markets, U.S., and Europe, including running operations, IP, and revenue-generating business units for different billion-dollar companies within the media, data, and technology industries.

HarbourVest Partners Appoints Matt HoganBruen as Managing Director HarbourVest Partners announced the hiring of Matt HoganBruen as a managing director and portfolio specialist focused on custom solutions and separate accounts. HoganBruen returns to HarbourVest after nearly three years at The Carlyle Group, where he was a managing director focused on product development, strategy, and investor relations. In his previous role at HarbourVest, Matt was a member of the Firm’s Emerging and Diverse team, which focuses on meeting the targeted mandates of institutional investors by seeking investment opportunities in emerging managers, diverse managers, the lower middle market, and underserved markets.

WM Partners Announces Two Promotions WM Partners announced the promotions of Eli Minski to Vice President and Jonathan Tarich to Senior Associate. Minski joined WM Partners in 2015 as one of the first employees of the firm. He is a key leading member of the deal team, identifying, evaluating, and executing investment opportunities. Prior to joining WM Partners, Eli worked as cash manager and treasury analyst at Nutranext, LLC. He received an MBA from Babson College and a BSM in Finance from Tulane University. Tarich joined WM Partners in 2016, shortly after the formation of the firm’s first fund. He is responsible for identifying, evaluating, and executing investment opportunities, as well as monitoring and supporting existing portfolio companies. He graduated Cum Laude with a BS in Biology from the University of Florida.

JOB OPPORTUNITIES

CalPERS Seeking Investment Officers and Associate Investment Manager California Public Employees’ Retirement System (CalPERS), a global institutional investor and the nation’s largest public pension fund with assets of approximately $445.42 billion, currently has the following job opportunities: • Investment Officer III: This position assists in the management of Total Fund asset allocation, investment risk management, and portfolio construction to drive CalPERS’ mission. Duties include but are not limited to participating in the Asset Liability Management process, the development of Strategic Targets, Ranges, and Benchmarks, and alignment of dynamic asset allocation strategies. Applications will be accepted until the close of business on April 9, 2021. For more information, visit https://bit.ly/3tYv3hY • Associate Investment Manager: CalPERS’ Investment Office, Private Equity program is currently seeking an Associate Investment Manager (AIM) to be responsible for partial administration of the Private Equity Program as directed and to coordinate and supervise the work of the Investment Officer within their group as directed. This AIM works as a team member of one of the Investment teams of the PE Program, and will report to the Investment Manager of that team. For more information, visit https://bit.ly/31CMFUF

Wellesley College Hiring an Investment Analyst Wellesley College’s Investment Office is seeking an Investment Analyst, a three-year, full-time position open to recent graduates and graduating seniors (0-2 years of work experience). The Investment Analyst position provides an opportunity to gain broad exposure to and experience in institutional investing. Specific responsibilities include but are not limited to providing analysis on current and prospective managers, supporting team members during legal reviews of new investments and portfolio analysis. To apply for this position, please visit https://bit.ly/3wd9FaH