Suzanne Weinstock

The Bay Area private equity firm has hired David Baylor to helm operations as the company grows.

The US mid-market private equity firm has promoted three investment professionals to partner.

The struggling payment services company has agreed to amend its recapitalisation agreement with TH Lee and Goldman Sachs.

Nascent private equity programmes for the Arizona State Retirement System and the Employees Retirement System of Texas are making major commitments to the asset class this year.

The Canada Pension Plan Investment Board has teamed up with Blackstone and a Canadian telecom company to bid in an upcoming spectrum auction. The consortium has deposited $340 million toward that end.

MPM Capital and LLR Partners have led a Series D financing round totaling $50 million in equity and $95 million in debt for acute-care company EKR Therapeutics.

The San Francisco-based private equity firm has spun off a software vendor into a stand-alone business for the first time since 2000, and has tapped a Benchmark GP to run the company.

The energy-focussed private equity firm has promoted chief financial officer Jennifer Zarrilli to managing director.

Apple has passed over its original backers, Sequoia Capital and Venrock, and selected Kleiner Perkins to lead the company’s first product-focussed venture fund.

The San Francisco buyer of direct secondary interests in venture-backed companies has closed two side-by-side funds and acquired six companies from Safeguard Scientifics for $100 million.