Portfolio News


Longtime Investment Banker Hired as CFO

• Posted in Portfolio News

Doug Adler joins Cloud Solution Provider to lead ongoing financial growth and accelerate its hybrid cloud momentum.

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Logicworks Earns Status as AWS Premier Consulting Partner

• Posted in Portfolio News

Managed Cloud Expertise and Customer Success Moves Logicworks to Top Tier

NEW YORK, NY –  Logicworks, a global leader in cloud computing and managed hosting, announced today that it has been recognized as an AWS Premier Consulting Partner. Logicworks is one of only a few Premier Partners in the world with the capabilities to help enterprises implement and operate the AWS cloud with a long-standing pedigree of managing complex and compliant traditional infrastructures.

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Logicworks Achieves Amazon Web Services Partner Network Healthcare Competency

• Posted in Portfolio News

NEW YORK, NY –  Logicworks, a global leader in cloud computing and managed hosting, today announced that it has achieved the Amazon Web Services (AWS) Partner Network (APN) Healthcare Competency. The APN Healthcare Competency further highlights Logicworks’ technical proficiency and capability around building solutions for healthcare payers and healthcare providers that store, process, transmit, analyze and secure patient information.

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Commonwealth of Massachusetts Executive Office of Health and Human Services Selects Logicworks to Manage Infrastructure for Enhanced Virtual Gateway

• Posted in Portfolio News

Logicworks Chosen to Provide HIPAA Compliant Infrastructure, Cloud Architecture, and Managed Services.

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This Greater Cincinnati fund company’s assets have skyrocketed

• Posted in Portfolio News

You’d probably never in a million years guess that an office not far from the Cincinnati/Northern Kentucky International Airport in Hebron handles $4 billion in assets.

But that’s exactly what FTJ FundChoice does, thanks to a growth explosion that has brought its assets under administration from $3 billion just 13 months ago to above the $4 billion mark now.

“We’re hoping to cross $5 billion within the next 12 months,” said president Dean Cook.

FTJ FundChoice does all of the back-office work for investment advisers. That includes managing the investments for about half of its 2,000 or so investment rep clients. It also handles fee billing, reconciling trades, performance reporting and other administrative work that most advisers at small companies don’t want to deal with.

“This allows the advisers to spend time with their clients and do financial planning,” Cook said. “This is where we can add value.”

It uses 13 outside advisers, including Wilshire Associates and Advanced Asset Management Advisors in Columbus, to pick mutual funds and exchange-traded funds that fit clients’ investment strategies.

Most of its clients have $20 million to $100 million in assets under management. That’s relatively small in the investment world. Many are brokers who have left the big firms and started their own registered investment advisory firm. They want to work with clients, but they don’t want to handle all of the grunt work that goes with the business, so they hire outside companies.

Many of FTJ FundChoice’s competitors target bigger clients who manage more money. So it went after the advisers who work with clients with $50,000 to $100,000 to invest, rather than $1 million to $5 million or more.

Related Link:   http://www.bizjournals.com/cincinnati/news/2014/05/29/this-greater-cincinnati-fund-company-s-assets-have.html

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Bankers South Provides $12.5 Million of Debt Capital to Municipal Communications

• Posted in Seaport News and Portfolio News

Atlanta, GA, April 21, 2014 – Municipal Communications, LLC today announced the closing of a debt facility of up to $12.5 million to support the continued growth of the company’s tower development portfolio.  Municipal Communications, based in Atlanta, develops, constructs and operates cell phone towers nationwide.  Municipal Communications partnered with private equity investor Seaport Capital in 2010.

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Net Access Appoints Raul K. Martynek as New Chief Executive Officer

• Posted in Portfolio News

CEDAR KNOLLS, NJ January 8, 2014 – Net Access, a leading colocation, cloud, and managed services provider in the New York metropolitan region, announced today the appointment of Raul K. Martynek as the company’s Chief Executive Officer. Mr. Martynek is assuming the role of CEO as Blake Ellman who has served as the company’s CEO and Co-Founder since 1995 will be transitioning into a new role as the company’s Chief Technology Officer heading up product development.

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Bankers South Provides $10 Million of Debt Capital to Bay Communications II

• Posted in Portfolio News

Mansfield, MA, December 20, 2013 – Bay Communications II, LLC today announced the closing of a $10 million debt facility to support the continued growth of the company’s tower development portfolio.  Based in Mansfield, MA, Bay Communications II develops, constructs and operates cell phone towers in the northeastern United States.  Bay Communications II is backed by equity partner Seaport Capital, who initially invested in the company in 2011.

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Net Access Expanding New Jersey Data Center

• Posted in Portfolio News

Datacenter Knowledge wrote a nice article describing Net Access' 1,500 cabinet expansion of its state-of-the-art datacenter in Parsippanny, NJ.  The article can be found here.

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EasyStreet Deploys Additional Vycon Flywheels

• Posted in Portfolio News

EasyStreet Online ServicesVycon, maker of flywheel-based energy storage systems, announced that data center services provider EasyStreet Online Services ordered additional VDC-XE flywheel systems to expand the back-up capacity of its data center.

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