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JMI Equity Names New General Partners

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Guttman ha been at JMI since 2007, and has been CFO of the firm since 2013; he had previously been at EY. Vakil is based in San Diego, and Guttman is based in Baltimore.

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Private Equity Firm Set To Sell Hulu Stake, Says Report

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A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion.

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Hulu Investor Gets Big Gain As It Sells Stake Back To Hulu

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Private equity firm Providence Equity Partners has sold its 10 percent stake in Hulu , the firm said Friday morning, getting a nice return on its investment in the online video streaming site. Providence Equity Partners had invested $100M in Hulu in 2007, and reportedly sold back its stake for $200M to the company this week.

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Zag Gets Investment From USAA

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Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. USAA did not provide financial details behind the investment. USAA has been offering Zag's services to its members since 2007.

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Clearstone Tops CalPERS IRR List

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CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR).

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Be Green Packaging Acquired By The Riverside Company

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Santa Barbara-based Be Green Packaging , a designer of sustainable, compostable, and recyclable packaging for the consumer packaged goods market, has been acquired by private equity investor Riverside Company. Be Green Packaging was founded in 2007, and was co-founded by Ron Blitzer and Robert Richman. READ MORE>>.

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Arcturus Get Exit At Pliant

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SanDisk said it would pay $327M in cash, plus equity-based incentives for Pliant, a developer of enterprise solid state disk drives (SSDs). Arcturus first invested in Pliant in 2007. SanDisk is a major manufacturer of flash memory.

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