Connect with us

Private Equity

Hedge Connection Launches New Virtual Conference Technology and…

Avatar

Published

on

We added a complete suite of virtual conference capabilities while further building out our unrivaled online cap-intro solution.

Financial introductory platform Hedge Connection announced today the release of their new virtual conference and enhanced online capital introduction technology. The platform, named Fintroz, abbreviated for financial introductions, leverages their patented online cap-intro technology while integrating with a suite of modern virtual meeting technologies. The products will be sold as enterprise SaaS solutions to firms that wish to offer virtual events, online capital introduction or a combination of the two.

“This spring, we accelerated the development of new meeting technologies as we saw the inevitable decline of live events for the foreseeable future”, says Hedge Connection CEO Lisa Vioni. “We added a complete suite of virtual conference capabilities while further building out our unrivaled online cap-intro solution. The response from the industry has been fantastic as we have already seen adoption by several large institutions.”

The Fintroz platform is a flexible solution for those wanting a private and secure web based environment exclusive to their clients for facilitating online connections. These ecosystems can be formatted for virtual conferences, with a set program of presentations, for online cap-intro between fund managers and allocators, or a combination of both.

Features of the virtual conference solution include:

  • Presentation rooms with video, chat, meeting scheduler, and exit surveys
  • Comprehensive fund profiles
  • Cap-intro meeting scheduler
  • Comprehensive investor profiles
  • Chat lounge for participant networking
  • Integration of online trivia games or magic shows for informal networking
  • Tracking and administration tools
  • Reporting capabilities
  • Event production with tech support

The company’s patented online capital introduction solution, first introduced in 2005, has been enhanced to integrate with their new virtual event technology and provide one-on-one video conferencing between participating allocators and managers.

The Fintroz platform can be licenced in several ways depending on the level of customization desired. The company’s standard products are hosted within the Fintroz.com website. Custom white label environments can also be created for firms wishing a more exclusive look and feel. As everyone’s needs will be slightly different, Hedge Connection will work with clients to create the perfect solution.

Visit http://www.fintroz.com for more information.

About Hedge Connection

Founded in 2005, Hedge Connection creates technology that facilitates financial introductions. The highly regarded brand has attracted thousands of financial institutions, entrepreneurs, and investors from around the world since inception.

Share article on social media or email:

Source: https://www.prweb.com/releases/hedge_connection_launches_new_virtual_conference_technology_and_enhanced_online_capital_introduction_platform/prweb17290066.htm

Private Equity

Tonka Bay Closes Fund IV

Avatar

Published

on

Tonka Bay Equity Partners has closed its fourth fund, Bayview Capital Partners IV LP, with $200 million of capital.

Tonka Bay invests in companies that have between $20 million and $50 million of revenue and EBITDA between $2 million and $8 million. Sectors of interest include highly-engineered manufacturing, value-added distribution, and business services. The firm was founded in 1998 and is based in the Minneapolis suburb of Minnetonka.

The new fund is led by partners Steve Soderling, Shane Slominski, Cary Musech, Peter Kooman, and principal Kam Kielhorn.

“We are thrilled with the response from our investors and fortunate to exceed our initial target,” said Mr. Soderling. “Our consistent and focused investment strategy is to provide patient, personalized and collaborative capital to entrepreneurial private businesses while generating attractive returns for our investors. We believe Tonka Bay has a unique skillset to effectively grow and develop private companies that have not previously had outside investors.”

Tonka Bay’s existing portfolio includes Engineered Specialty Products, a Georgia-based supplier of gauges, thermometers, instruments and accessories to industrial end markets; Fenix Group, a Minnesota-based manufacturer of industrial coatings and specialty concretes; NuSource Financial, a Minnesota-based technology provider of ATM, branch transformation and security services to financial institutions; Quick Cable, a Wisconsin-based maker of battery connectors, cable, and cable assemblies for the energy storage industry; Seaway Plastics Engineering, a Florida-based provider of plastic molded parts for prototype and low-volume production runs in the medical, defense and commercial markets; United Skin Care Specialists, a Minnesota-based dermatology practice acquisition company that provides management services to physicians and practices.

Since its founding in 1998, Tonka Bay has raised over $550 million of capital, invested in 37 portfolio companies, and completed more than 70 add-on acquisitions.

Tonka Bay’s earlier fund, Bayview Capital Partners III LP, closed with $150 million in capital in October 2011.

Private Equity Professional | August 10, 2020

Print Friendly, PDF & Email

Source: https://peprofessional.com/2020/08/tonka-bay-closes-fund-iv/?utm_source=rss&utm_medium=rss&utm_campaign=tonka-bay-closes-fund-iv

Continue Reading

Private Equity

Alvarez & Marsal Adds Aerospace and Defense Pro

Avatar

Published

on

Alvarez & Marsal (A&M) has added James Marceau as a managing director in its private equity performance improvement group. Mr. Marceau will be active within A&M’s aerospace, defense and aviation practice and will be based in the firm’s Boston office.

Mr. Marceau has more than 25 years of experience advising US and foreign governments and the US Department of Defense. Additionally, he has worked with original equipment manufacturers, prime contractors, and suppliers across the defense industry. Mr. Marceau has specific expertise in mergers and acquisitions advisory, financial performance improvement, data science and analytics, artificial intelligence, machine learning, business strategy, adaptive manufacturing, and supply chain management

“The industry is facing a whirlwind of vulnerability and uncertainty amidst on-going investment commitment, government requirements, research and development, engineering and innovation challenges,” said Nick Alvarez, managing director and national practice leader of A&M’s private equity performance improvement group. “A&M’s history of leadership, action and results in challenging situations syncs well with our growing aerospace, defense, and aviation practice, as well as the firm’s proven ability to maximize value and drive change.”

“Recent events in commercial aviation, the impact of COVID-19, and challenges across the defense industrial base has led to unprecedented sector uncertainty along with financial and operational challenges,” said Mr. Marceau. “The success of our defense industrial base concerns both shareholder value and national security. This pandemic will progress from a global health crisis to a global financial crisis impacting most sectors for many years to come. Combining my industry experience with A&M’s operational heritage and integrated platform will help our aerospace, defense and aviation clients perform at the highest levels.”

Before joining A&M, and from 2015 to 2020, Mr. Marceau was a partner and member of the board of directors with Cambridge, Massachusetts-based PA Aerospace and Defense which was spun out from London-headquartered PA Consulting in April 2020. Previously, he had served as president and CEO of Hitachi Consulting’s aerospace and defense business.

New York City-headquartered Alvarez & Marsal is a professional services firm that specializes in turnaround management, operational performance improvement and business advisory services. The firm was founded in 1983 and has more than 4,500 employees across four continents.

Private Equity Professional | August 10, 2020

Print Friendly, PDF & Email

Source: https://peprofessional.com/2020/08/alvarez-marsal-adds-aerospace-defense-pro/?utm_source=rss&utm_medium=rss&utm_campaign=alvarez-marsal-adds-aerospace-defense-pro

Continue Reading

Private Equity

Carrick Buys Flatiron from WeWork

Avatar

Published

on

Carrick Capital Partners has acquired Flatiron School, an educational provider of on-line coding skills, from WeWork.

New York City-based Flatiron School is an educational institution that teaches software engineering, computer programming, data science, and cybersecurity analytics. The company was founded in 2012 by CEO Adam Enbar and Avi Flombaum and sold to WeWork in 2017.

“We’re excited to have Carrick in our corner as we embark on this next chapter,” said Mr. Enbar. “Our goal at Flatiron is to do whatever we can to fix a broken and expensive educational system that doesn’t always prepare students with the skills they need for successful careers. As we work to redefine what higher education means, and what it can do to lift up a generation of underserved students, it’s important we acknowledge the shortcomings of education in tech, an industry that’s still made up of only 7% Black professionals.”

The acquisition by Carrick follows Flatiron’s July 2020 launch of the John Stanley Ford Fellowship to support the advancement of Black tech professionals. The new fellowship program partners with companies to create apprenticeships that offer on-the-job training, mentorship, and access and opportunities to the tech community and scholarships to Flatiron School programs. John Stanley Ford was IBM’s first Black software engineer – he was hired in 1946 – and he was also America’s first Black system engineer.

“We’re proud of our investment in the future of technology education at Flatiron School,” said Jim Madden, Carrick’s co-founder and managing director. “Diversity in tech starts with increasing access to, and benefit from, skills training, networking, and corporate hiring. We know the John Stanley Ford Fellowship is one step forward along a much-needed path toward change in the industry.”

Carrick invests in software and software-enabled businesses that have revenues of $20 million to $100 million. The firm was co-founded in 2012 by Marc McMorris, a former General Atlantic managing director who led investments in business services and software, and Jim Madden, the founder and chief executive of Exult, a human resources business processing company. Carrick has offices in San Francisco and Newport Beach.

WeWork is a commercial real estate company that provides shared workspaces and services for technology startups. The company was founded in 2010 and is headquartered in New York City.

Private Equity Professional | August 10, 2020

Print Friendly, PDF & Email

Source: https://peprofessional.com/2020/08/carrick-buys-flatiron-wework/?utm_source=rss&utm_medium=rss&utm_campaign=carrick-buys-flatiron-wework

Continue Reading
Gaming2 hours ago

All remaining DreamHack 2020 events postponed due to COVID-19

Payments2 hours ago

Westpac hires Scott Collary as new COO

Payments2 hours ago

Bitcoin options market shows it is “open air” for BTC after $14,000

Payments3 hours ago

UK fintech VibePay launches business accounts

Gaming3 hours ago

Watch This Impressive Fall Guys Hex-A-Gone Finish

Gaming3 hours ago

An xCloud Game Streaming Beta Is Coming to Android Today for Game Pass Ultimate Subscribers

Start Ups3 hours ago

Budget hospitality startup Zostel set to expand and open 500 new properties in a span of 2 years

Payments3 hours ago

Banks with IT-savvy board are hit less by cyberattacks and downtime

Publications3 hours ago

Stock futures up in overnight trading after Wall Street notches seventh straight day of gains

Gaming3 hours ago

Vampire: The Masquerade – Bloodlines 2 Has Been Delayed Until 2021

Gaming4 hours ago

Shackcast Episode 072 – Goatse Sashimi and the Koopa Clown Car

Cannabis4 hours ago

An in-depth look at the study that discovered THCP, a cannabinoid more potent than THC

Cyber Security4 hours ago

Signs that confirm that an Android Smart phone is hacked

Cyber Security4 hours ago

Over 5.5m files or 343GB data leaked from Amazon Web Services AWS

Start Ups4 hours ago

Swiggy launches Instamart to deliver grocery & essential items within 45 min

Publications4 hours ago

Trump evacuated from press briefing after Secret Service officer shoots man outside White House

Gaming4 hours ago

Call Of Duty Microtransactions Helped Boost Activision’s Profits By $536 Million

Gaming4 hours ago

Ninjala Allows For Worldwide Matchmaking With Update 2.0

Blockchain4 hours ago

Australian Hacker Sentenced to 2 Years in Prison for $300K XRP Theft

Publications4 hours ago

After border clash with China, India to continue strengthening ties with U.S., others, experts say

Gaming4 hours ago

Call Of Duty: Modern Warfare/Warzone Season 5’s New Operator Is Based On A Real-Life Soldier

Gaming5 hours ago

Wide World of Electronic Sports: Episode 57

Gaming5 hours ago

Shacknews Twitch Highlights: State of Play Reactions, Fall Guys, and The Stimulus Games

Cyber Security5 hours ago

Combat mobile phishing attacks targeting Financial Services with AI

Cyber Security5 hours ago

Cybersecurity risk management explained

Publications6 hours ago

Coronavirus live updates: Global cases top 20 million; Mnuchin says relief deal could come this week

Networks7 hours ago

India connects submarine cable to islands where some still live in the stone age

Blockchain7 hours ago

What Would the Re-Election of Alexander Lukashenko Mean for Crypto?

Publications8 hours ago

Banks and tech giants including JPMorgan and Amazon pledge to hire 100,000 minority New Yorkers

Covid198 hours ago

Global Coronavirus Case Count Surpasses 20 Million

Covid198 hours ago

California Gov. Says Trump Unemployment Executive Action Spells Disaster For Budget

Payments8 hours ago

Grayscale kicks off national cryptocurrency ad campaign on CNBC, MSNBC, FOX

Blockchain9 hours ago

Tron (TRX) Forms Textbook Bear Signal Despite Rally in the Altcoin Market

Blockchain9 hours ago

USDA Proposes Blockchain Ledger for Organic Product Supply Chain

Publications9 hours ago

Airline shares surge as TSA numbers hit pandemic high, support for second bailout builds

Esports9 hours ago

Peruvian Zerg Castro passes away.

AR/VR9 hours ago

Facebook Researchers Develop Bleeding-edge Facial Reconstruction Tech So You Can Make Goofy Faces in VR

Publications9 hours ago

Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

Cannabis9 hours ago

Arizona Legalization Initiative Survives Lawsuit

Publications9 hours ago

Trump urges Americans to stop politicizing the coronavirus, blames China

Trending