David Rapp

The private equity unit of the eponymous New York merchant bank today announced that Carlyle and Thomas Weisel Partners alum Alan Menkes has been named managing director of its private equity business.

US private equity firm Avista Capital Partners announced its $100m investment in seismic technology provider Geokinetics, to help finance the company’s $125m acquisition of its oil-exploration rival Grant Geophysical.

Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.

AIG Global Investment Group announced that it has closed on a $700m co-investment fund to invest in ’top-tier’ private equity buyout deals.

Private equity firm The Riverside Company has closed its new micro-cap fund on $250m, far above its target, and is pursuing an aggressive small-company investment strategy.

KSL Capital Partners, a private equity fund specializing in the travel and leisure sector, has closed its new fund on about $1.1bn, outraising its original target of $750m.

The venture capital firm announced the close of its second fund on $375m, which it plans to invest in biotech, pharmaceutical and medical device companies in various stages of development.

The private equity firm announced that it will invest $75m in financial trading technology company NYFIX, with Warburg’s entrepreneur in residence becoming CEO.

Four private equity firms will sell computer component maker Sierra Logic—which received just $5.25 million in first-round financing four years ago—to high-tech manufacturer Emulex in a deal reportedly valued at $180m.

Transportation Resource Partners, which focuses on transportation-related investments, has bought National Powersport Auctions from Falconhead Capital, generating a reported 4x return.