Sunday, 3 May 2015
Last updated 2 days ago
Dec 15 2005 | 5:00pm ET
Private equity firm Gael Partners has held a first close of its debut fund, the Central Valley Fund, with $80 million in commitments. The fund, which has offices in Fresno and Davis, Calif., makes later stage investments in small- to mid-sized, low-tech companies located in California’s Central Valley region with revenues between $5 million and $50 million.
The California Public Employees Retirement System, Wells Fargo and Mid-State Bank, among others, are investors in the fund. “We’re focusing on what we think is an underserved market,” said California-native Brad Triebsch, a principal at the firm. “We are in full marketing mode and we’re looking for companies to invest in.” He said the firm currently has six-term sheets out but has not closed any deals.
“We’ve been well received,” added Triebsch, who expects that the fund will gain an additional $20 million in commitments by early in the first quarter of 2006, bringing it to approximately $100 million. Other principals at the firm include Dan Jessee, Jose Blanco, Bill Henderson and Todd Stemler.
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…