Wednesday, 6 May 2015
Last updated 3 hours ago
Jun 2 2006 | 8:39pm ET
• Charlotte, N.C.-based Cambium Capital is reportedly winding down its hedge fund and shuttering its doors. The firm, which was founded in 2002, lost a major investor and couldn't gain assets fast enough to cover expenses, Robert Deaton, chief investment officer, told a local newspaper. The firm had $130 million in assets earlier this year and is in the process of returning money to investors.
• Texas-based EnCap Investments has closed its fifth private equity fund with $1.5 billion. The firm invests in oil and gas companies and has established eleven investment funds with aggregate capital commitments of approximately $2.5 billion. The firm currently manages capital on behalf of 50 U.S. and European institutional investors.
• Durham, N.C.-based InterSouth Partners has closed InterSouth VII with $275 million in capital commitments. The firm invests in seed and early-stage companies in the life sciences and information technology sectors, primarily in the Southeast. Intersouth typically invests between $500,000 and $8 million in a first round and up to a total of $20 million in each of its portfolio companies. The new fund brings Intersouth's total capital under management to $775 million.
• Spur Capital Partners, which is based in Bartlesville, Okla., has raised $275 million at the close of its second fund-of-funds, which will invest in early-stage technology-focused venture capital firms. The firm typically makes investments of $5-10 million in an individual venture partnership.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…