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Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com:

Private equity emerges as lender of last resort for U.S. energy firms: Reuters

Posted: 3/16/2016

U.S. energy companies facing a likely cut in their bank loans are seeking a costly alternative - borrowing from private equity firms at hefty interest rates to stay alive for longer, Reuters News reported.

Posted: 3/16/2016

Ottawa-based Mitel Networks Corp is in talks to merge with U.S. peer Polycom Inc, in a deal that would combine the voice and telephony equipment providers and heed the demands of U.S. hedge fund Elliott Management Corp, sources told Reuters. Elliott has been calling for the two companies to merge since October, when the US$23 billion fund disclosed a 6.6 percent stake in Polycom and a 9.6 percent stake in Mitel.

Next Insurance attracts $13 mln seed

Posted: 3/15/2016

Next Insurance, which plans to launch an online insurancesolution for small businesses, raised $13 million in seedfunding from Zeev Ventures, TLV Partners and Ribbit Capital.The company's three founders areformer executives at mobilepayments company Check, which was acquired by Intuit in 2014 for nearly $400 million.

Posted: 3/17/2016

Former Paulson & Co partner Dan Kamensky has secured backing from a Bain Capital co-founder and others for his new hedge fund, and plans to hire a former top marketer at King Street Capital Management to sell it, Reuters News is reporting.

Posted: 3/16/2016

Digital Marine Solutions said Wednesday it agreed to buy the marine division of Jeppesen. The Boeing Company is the seller. Financial terms weren't announced. The former Jeppesen Marine will operate as a separate entity and trade under the C-Map brand name. C-Map provides cartography products and services for all types of leisure boaters. Digital Marine Solutions is owned by the Altor 2003 Fund, which is part of the Nordic based Altor family of private equity funds.

Posted: 3/14/2016

A partner at Sequoia Capital has left, the Silicon Valley venture capital firm said on Sunday, days after a lawsuit was filed accusing him of sexually abusing a woman and not honoring an agreement to compensate her.

Posted: 3/16/2016

Los Angeles-based FloQast, a provider of month-end closing software for accountants, raised $6.5 million in a Series A funding round co-led byPolaris Partners and Toba Capital.Amplify.LA, Wavemaker Partners, and Danmar Capital also participated in theround. In conjunction with the funding,Gary Swart, a partner at Polaris, joined the FloQast board.

Posted: 3/14/2016

Charterhouse Capital Partners LLP agreed to sell Doc Generici,a generic pharmaceutical company based in Italy, to funds advised by CVC Capital Partners. Financial details of the transaction were not disclosed, although Reuters reported on Friday the deal is valued at between 650 million euros ($725.08 million) and 700 million euros. Doc was acquired by Charterhouse in a primary buyout in May 2013.

Posted: 3/16/2016

Usermind, which emerged from stealth Wednesday, raised $14.5 million in a Series B round, bringing the company's total funding to $22.1 million. Menlo Ventures led the round with participation from existing investors Andreessen Horowitz and CRV. Based in Seattle, Usemind provides a unified platform for orchestrating business operations.

Posted: 3/15/2016

Partners Group said Tuesday it would build a headquarters in the Denver Metro Area to house its Americas operations. The firm will open a temporary office in Denver in May until the new campus is ready. Partners Group already has offices in New York, San Francisco, Houston and So Paulo.

Posted: 3/16/2016

Los Angeles-based private equity firm Monogram Capital Partnersmade a minority growth investment inCountry Archer Jerky Co, a premium beef jerky brand headquartered in San Bernardino, California. Financial terms of the investment were not disclosed.

PowerCore raises $2 mln in seed funding

Posted: 3/14/2016

PowerCore Inc, which offersa platform forfor independent mobile game companies, raised $2 million in seed funding.East Ventures, 500 Startups, Golden Gate Ventures, and Cherubic Ventures participated in the funding round. PowerCore has offices inPalo Alto, California and Tokyo, Japan.

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