Sarah Pringle

Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]

Watermill Group has sent a letter to its portfolio companies, advocating for a culture of safety and calling on its management teams to update their codes of conduct and launch sexual-harassment training throughout their organizations. The letter, which comes in the wake of the #MeToo movement, appears to be one of the first instances in which […]

Virgin Pulse, the employee-health-engagement firm backed by Richard Branson’s Virgin Group and Insight Venture Partners, is exploring a sale, VCJ’s sister publication, Buyouts, has learned. Evercore is providing financial advice to Virgin Pulse, two sources said. The Providence, Rhode Island, company, previously known as Virgin HealthMiles, generates revenue of $100 million to $125 million and is profitable, they said. A third […]

Where is private equity’s “Me Too” moment? The venture capital world has been rocked with revelations of sexual harassment and bad behavior by venture GPs. That includes Justin Caldbeck, co-founder of VC firm Binary Capital, who called it quits after several female entrepreneurs last summer came forward with stories of unwanted advances. Sam Isaly said he would step down from Orbimed Advisors in December following a StatNews report that […]

SCIO Health Analytics, the Sequoia Capital-backed health-analytics firm, is back on the market. Investment-advisory boutique TripleTree has the mandate to sell West Hartford, Connecticut-based SCIO, two sources said. While it is uncertain how far along the sales process is, a source told Buyouts in October that an auction was expected to kick off around the November-December time frame after a banker was […]

The SEC intends to develop regulatory oversight over cryptocurrencies as the number of coin offerings and volume of capital being raised explode, a member of the agency said. Shamoil Shipchandler, regional director of the SEC’s Fort Worth Regional Office, likened bitcoin initial coin offerings to a dressed-up form of an unregistered securities offering. “If you take them […]

TPG’s recent deal for ed-tech startup EverFi reflects an emerging trend that one partner says the firm is well positioned to exploit. That trend, said TPG Partner Nehal Raj, is more cross-pollination between what would traditionally be thought of as growth equity and buyouts. In other words, more companies that have previously chosen to go public — those that […]

ZirMed, the healthcare-IT provider backed by one of Silicon Valley’s most prominent venture firms, is about to kick off a process that could produce a billion-dollar transaction, VCJ has learned. The Sequoia Capital-backed company has turned to William Blair & Co for financial advice, according to three sources, one of whom said the process is poised to […]

Although few education startups have swayed the masses in the past, VCs are once again backing tech companies focused on the sector, especially those that incorporate social and digital media, game dynamics and performance tracking.