NextGen Growth Partners Invests in Record Connect, Inc.

RF Investment Partners Makes Growth Investment in Nextpoint

July 25, 2023

Software

RF Investment Partners has made a growth capital investment in Nextpoint, a founder-led legal technology company headquartered in Chicago. The investment will support Nextpoint’s product development, operational improvements, geographic expansion, and potential add-on M&A to accelerate growth in the legal tech market.

Morgan Stanley Capital Partners Invests in US HealthConnect

October 29, 2020

Healthcare Services

Investment funds managed by Morgan Stanley Capital Partners completed an investment in US HealthConnect, partnering with founder-led management while Frank Russomano remains President and CEO. US HealthConnect is a digital medical education and engagement-data platform serving pharmaceutical, biotech, diagnostic, and device companies; the investment is intended to support platform and capability expansion.

Madison Dearborn Partners Acquires Significant Ownership Position in NextGen Healthcare

May 2, 2025

Healthcare Services

Madison Dearborn Partners (MDP) has acquired a significant ownership position in NextGen Healthcare, partnering with existing investor Thoma Bravo and NextGen management to accelerate the company's growth and increase R&D investment. Thoma Bravo retains a material ownership stake; NextGen will also implement a planned CEO succession with President & COO Srinivas (Sri) Velamoor succeeding David Sides.

Surge Private Equity Invests in Contractor Connect LLC

September 23, 2021

Marketing & Advertising

Dallas-based Surge Private Equity has closed an investment in Contractor Connect LLC, a B2B lead-generation and live-transfer platform serving the home improvement and remodeling market. The deal (Surge's 10th platform) includes debt financing from Modern Bank and Assurance Mezzanine Fund; founder Joseph Powless will remain as an owner and partner while Surge plans to scale into new verticals such as HVAC and solar.

TPG to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

Centana Growth Partners Acquires Majority Stake in First Connect Insurance Services

November 11, 2024

Insurance

Centana Growth Partners led an initial investment exceeding $60 million to acquire a majority stake in insurtech platform First Connect Insurance Services (formerly an indirect wholly-owned subsidiary of Hippo Holdings Inc.). Participating investors include Pruven Capital, Cota Capital, and Cross Creek; the funding will be used to accelerate product development, expand market penetration, and scale the platform serving independent insurance agents.