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So far Mike Scherzer has created 392 blog entries.

The Scherzer Deal Report: June 1-5, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

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Fundraising for PE & VC Funds

Ampersand Capital Partners
$1.5B
Health care-focused PE fund

Benchmark
$2B
12th flagship early-stage strategy and first growth fund

Gigascale Capital
$250M
First institutional fund

Wingman Growth Partners
$215M
Debut fund

Private Equity Deals

White Wolf Hybrid Capital and Investly Capital
AccuCast
Undisclosed amount
Waco, TX-based supplier of waterworks infrastructure products

ATC Group
Aero Controls
Undisclosed amount
Auburn, WA-based provider of aerospace component MRO services

CordenPharma
AmbioPharm
Undisclosed amount
North Augusta, SC-based peptide API CDMO

New Mountain Capital
Asset Living
$2B
Houston, TX-based residential property management firm

RTC Aerospace
Automatic Products Co.
Undisclosed amount
Sumner, WA-based precision milling and turning components company

Valiant Solutions
BreakPoint Labs
Undisclosed amount
Falls Church, VA-based cybersecurity firm

Shamrock Capital
CardsHQ and Sports Card Investor
Undisclosed amount
Atlanta, GA-based card collectables media and retail companies

HPS Investment Partners
Discovery Behavioral Health
Undisclosed amount
Irvine, CA-based behavioral health provider

Guardian Infrastructure Services
E2 Consulting Engineer
Undisclosed amount
Emeryville, CA-based provider of engineering and technical consulting services to electric and gas utilities

Reichmann Segal Capital Partners
Green Circuits
Undisclosed amount
San Jose, CA-based provider of electronics manufacturing services

GI Partners
HES Facilities Management
Undisclosed amount
Knoxville, TN-based provider of facilities services to education institutions

Elite Equipment Rentals
ISG
Undisclosed amount
Richmond, VA-based provider of equipment distribution and rentals

Decks & Docks
J&W Lumber
Undisclosed amount
Murrieta, CA-based provider of outdoor building materials in Southern California

Digital Fuel Capital and Timex Group
Jane Win Jewelry
Undisclosed amount
Wayne, PA-based designer of coin jewelry and charms

ACE Solutions
Leahy-Wolf Co.
Undisclosed amount
Highland, IN-based lubricants distributor

Liberty Waste Solutions
M&M Garbage Disposal
Undisclosed amount
Asheboro, NC-based subscription-based residential waste collector

Fairtide Partners
Maxwell Power
$750M
San Diego, CA-based solar and storage financing firm

Littlejohn & Co.
Milrose Consultants
Undisclosed amount
New York City, NY-based engineering and architecture services provider

Hidden River
Northstar Senior Living
Undisclosed amount
Redding, CA-based senior center

Vobis Ventures
Optiv
Undisclosed amount
Denver, CO-based pure-play cybersecurity company

Brand Velocity Group
RCX Sports
Undisclosed amount
Roswell, GA-based pro league-backed youth sports platform

Sitecore
Scrunch
$225M
Salt Lake City, UT-based AI customer experience platform

Sheridan Capital Partners
Tres Health
Undisclosed amount
Boca Raton, FL-based health insurer

Warren Equity Partners
USG Water Solutions
Undisclosed amount
Atlanta, GA-based provider of water asset management services

VU Custom
YR ID
Undisclosed amount
New York City, NY-based provider of product customization software

Venture Capital Deals

Felicis, Bain Capital Ventures, Optum Ventures, Sunflower Capital, BoxGroup, Dorm Room Fund, Constellation, and SV Angel
Adaptive Innovations
$50M
New York City, NY-based home health care agency

S3 Ventures, undisclosed strategic investor, and T45 Fund
Advanced NanoTherapies
$31M
Santa Clara, CA-based developer of treatments for coronary and peripheral artery diseases

Vitruvian Partners, Accenture, JPMorgan Asset Management, Goldman Sachs Alternatives, and D.E. Shaw Ventures
AlphaSense
$350M
New York City, NY-based market research platform

USV, Adjacent, BoxGroup, Coalition Operators, First Round Capital, Lerer Hippeau, IRL Ventures, Metrodora Ventures, Patron, SV Angel, and Twelve Below
Board
$20M
New York City, NY-based face-to-face game console

Leeds Illuminate, Kingfisher Investment, and JVP
Centrical
$39M
New York City, NY-based provider of performance management software

Piper Sandler Merchant Banking, JJDC, Medtronic, Bain Capital Life Sciences, and Perceptive Xontogeny Venture Funds
CereVasc
$85M
Charlestown, MA-based maker of medical devices for neurological diseases

Redpoint Ventures
Collate
$95M
San Francisco, CA-based maker of AI tools for life sciences paperwork

BVF Partners, RA Capital Management, GV, Lumira Ventures, and Invus
Contraline
$92.5M
Charlottesville, VA-based developer of male contraceptives

Advent International, CPPIB, Greenfield, and Brighton Park Capital
Coralogix
$200M
Boston, MA-based observability startup

Evolution Equity Partners, Georgian, Greenoaks, Lightspeed, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital
Cyera
$300M
New York City, NY-based data security company

RPM Ventures, Nyca Partners, Frontier Venture Capital, and Western Technology Investment
Findigs
$32M
New York City, NY-based tenant screening platform

Mouro Capital, Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs
Forage
$40M
San Francisco, CA-based fintech that helps low-income families save on groceries

Radical Ventures, 8VC, USV, Hanabi, Fei-Fei Li, Eric Yuan, and Xiaomi’s Bin Lin
Generalist
$400M
San Francisco, CA-based robotics startup

Thrive Capital, Alta Park Capital, Anti Fund, BoxGroup, Lux Capital, Peak XV, Bill Ford, Sam Altman, Capricorn, Lightspeed, Mithril Capital, Good Ventures Foundation, and SoftBank
Helion
$465M
Everett, WA-based nuclear fusion startup

Zeev Ventures, Ibex Investors, Peakline, Alpha Partners, Meitar Partners, Practical VC, and Harris Barton
Honeycomb
$40M
Chicago, IL-based digital insurer

137 Ventures, Banner VC, Founders Fund, Lux Capital, and Linse Capital
Impulse Space
$500M
Redondo Beach, CA-based developer of highly-maneuverable spacecraft

S2G Investments and QIC
InCharge Energy
$46M
Los Angeles, CA-based provider of EV charging and energy solutions

A16z, Night Ventures, and angels
Lassie
$35M
San Francisco, CA-based developer of autonomous systems to run small businesses

Marlinspike, Cerberus Ventures, Pinegrove Venture Partners, Founders Fund, and Lux Capital
Layup Parts
$42M
Huntington Beach, CA-based maker of composite parts

Infinite Capital, Ribbit Capital, Bedrock Capital, Sequoia Capital, and Khosla Ventures
Mach Industries
$300M
Austin, TX-based aerospace defense-tech startup

Framework Ventures, Menlo Ventures, SV Angel, Kindred Ventures, and Ted Xiao
Mecka
$60M
New York City, NY-based robot training startup

Founders Fund, Thrive Capital, Greenoaks, Quiet Capital, Kleiner Perkins, and Eli Lilly Ventures
NewLimit
$435M
San Francisco, CA-based longevity pharma startup

Balyasny Asset Management, venBio, Janus Henderson Investors, and KCap Biotechnology Fund
Oak Hill Bio
$32.5M
Cambridge, MA-based developer of rare disease drugs

Greylock, Battery Ventures, and Cambium Capital
Opal Security
$23M
San Francisco, CA-based identity security and access management startup

Iconiq, GIC, and Ontario Teachers’ Pension Plan
Ramp
$750M
New York City, NY-based corporate spend management platform

Purchase Capital
Ryl Tea
$20M
Morriston, NJ-based iced tea brand

VMG Partners, First Round Capital, Lerer Hippeau, and Toba Capital
Scotch
$20M
Denver, CO-based platform for liquor POS operations

Morgan Stanley Expansion Capital, Shinhan Venture Investment, Fusion Fund, EnvisionX, BRV, and Samsung Ventures
Subtle Medical
$33M
Menlo Park, CA-based provider of medical imaging software

Bond Capital, IVP, Forerunner, USV, Alkeon, Quiet, Matrix, Lightspeed, Menlo Ventures, and Schroders Capital
Suno
$400M
Cambridge, MA-based AI music developer

GIC, Accel, YC, Craft Ventures, Felicis, Peak XV Partners, and Coatue
Supabase
$500M
San Francisco, CA-based provider of backend tools for building AI apps

A16z, Forerunner Ventures, First Round, Alt Capital, and Conviction
Town
$55M
San Francisco, CA-based developer of personalized AI assistants

INCE Capital, China Life Science & Technology Innovation Fund, Shenzhen Capital Group, and Genesis Capital
Tripo AI
$200M
San Francisco, CA-based developer of real-world models

Mitsubishi Electric, Carrier Ventures, and Samsung Electronics
ZutaCore
$100M
Foster City, CA-based liquid cooling startup

June 10th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

The Scherzer Deal Report: May 25-29, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

None

Private Equity Deals

Periscope Equity
Amusement Connect
Undisclosed amount
Kansas City, MO-based provider of cashless payment solutions for the amusement and family entertainment industry

Apollo
Apex Service Partners
$2B
Dallas, TX-based residential HVAC, plumbing and electrical services business

Accelerated Wealth Partners
Brooklyn Fi
Undisclosed amount
New York City, NY-based advisory firm for clients with complex equity compensation

I Squared Capital
Cogent Fiber
$225M
Washington, DC-based internet service provider

Advaya Capital
Comscore Movies
Undisclosed amount
Reston, VA-based provider of theatrical box office data

Align Capital Partners
Heritage Imaging
Undisclosed amount
Boise, ID-based provider of mobile diagnostic imaging services to hospitals and health-care facilities

Juniper Landscaping
Hilton Head Landscapes
Undisclosed amount
Hilton Head Island, SC-based landscape services provider

Fortress Investment Group
IPValue Management Group
Undisclosed amount
Santa Clara, CA-based intellectual property licensing company

Ivy Technology
ISP Tek Services
Undisclosed amount
Southlake, TX-based electronics refurbisher

Bregal Sagemount
LSPedia
Undisclosed amount
Farmington Hills, MI-based provider of compliance, traceability, and supply chain software for pharma

Xactus
Mortgage Credit Link
Undisclosed amount
Irvine, CA-based online order fulfillment hub

Swoop
Nimble
Undisclosed amount
New York City, NY-based prescription management platform

Rep Data
Owl Solutions
Undisclosed amount
Victor, NY-based survey programming company

Hg
Rightsline
$500M
El Segundo, CA-based provider of rights and royalties’management software

Bow River Capital
SBI
Undisclosed amount
Dallas, TX-based GTM advisory firm

Axum Capital Partners
VitaHustle
Undisclosed amount
El Segundo, CA-based better-for-you nutrition line co-founded by Kevin Hart and Ron Everline

Heartland Food Products
Whole Earth Brands
Undisclosed amount
Chicago, IL-based maker of zero-calorie sweetener Equal

Venture Capital Deals

Base10 Partners
Canals
$35M
Miami, FL-based provider of wholesale distribution tech solutions

Mattias Westman and Sandy Weill
ClearNote Health
$52M
San Diego, CA-based developer of early-detection solutions for cancer

Lux Capital, General Catalyst, 8VC led, Ribbit Capital, Atreides Management, and Founders Fund
Cognition
$1B
San Francisco, CA-based AI coding company

TCV, Zone II Ventures, Oliver Jung, Leblon Capital, Kindred Ventures, Quadri, First Order Fund, Vocal Ventures, Nordstar, GSBackers, Repeat Ventures, and 8188 Capital
Corgi
$106M
San Francisco, CA-based insurance tech startup

Brighton Park Capital, Squarepoint Capital, Touring Capital, and Nexus Venture Partners
Daloopa

$47M
New York City, NY-based provider of source-linked financial data for investment firms

Index Ventures, Kleiner Perkins, Redpoint, Thrive, Sequoia, Founders Fund, and Kaiser Permanente Ventures
Garner Health
$100M
New York City, NY-based care navigation platform

Wing Venture Capital, Madrona, Obvious Ventures, Snowflake Ventures, Hudson River Trading, Samsung Next, and Magarac Venture Partners
Gray Swan
$40M
Pittsburgh, PA-based AI security platform

CVS Health Ventures
H1
$40M
New York City, NY-based doctor connections platform

Innovation Endeavors, Blackhorn Ventures, DivcoWest Ventures, 9Yards Capital, Primary Venture Partners, MetaProp, and Banter Capital
LightTable
$22M
Denver, CO-based provider of pre-construction software

Elad Gil, Khosla Ventures, Lennar, Fifth Wall, Tishman Speyer, and Helix Electric
NavigateAI
$25M
San Francisco, CA-based developer of AI copilots for construction workers

Lux Capital, Upfront Ventures, Detroit Venture Partners, Island Green Capital, RTX Ventures, BRV Capital, and Fathom Fund
Observable Space
$90M
Los Angeles, CA-based laser satellite link developer

CapitalG, a16z, Menlo Ventures, NVentures, ServiceNow Ventures, MongoDB, Snowflake, and Databricks
OpenRouter
$113M
New York City, NY-based AI model marketplace

Sofinnova Partners, Lewis & Clark Partners, dsm-firmenich ventures, Connecticut Innovations, Elm Street Ventures, Chanel, BASF, and Safer Made
P2 Science
$23M
Woodbridge, CT-based green chemistry startup focused on converting feedstocks into ingredients

Thrive Capital, Sequoia Capital, Emergence Capital, and Pruven Capital
Pace
$46M
New York City, NY-based insurance ops automation startup

Lightspeed, WndrCo, Amplify Partners, Sky9 Capital, and FPV Ventures
Reactor
$59M
San Francisco, CA-based AI video platform

8VC, Audacious Ventures, Homebrew, Btech Consortium, and Service Ventures
Saris
$28.8M
San Francisco, CA-based provider of back-office agents for banks and credit unions

Transformation Capital
Solstice
$21M
New York City, NY-based pharma marketing startup

Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, Strike Capital, G Squared, Bond, and Lux Capital
Stord
$250M
Atlanta, GA-based logistics startup serving midmarket e-commerce brands

AMD Ventures, CoreWeave, Nvidia’s NVentures, Valley Capital Partners, and Laude Ventures
Tensormesh
$20M
Foster City, CA-based inference optimization startup

USIT, General Innovation Capital Partners, Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures
Thea Energy
$100M
Kearny, NJ-based stellarator fusion system developer

01 Advisors, Caffeinated Capital, Thomvest Ventures, Scifi VC, Bling Capital, and Invesco
Triomics
$22M
San Francisco, CA provider of workflow software for oncologic clinical trials

Renown Capital Partners and Keyframe Capital
Utilidata
$40M
Ann Arbor, MI-based data center energy optimization startup

June 3rd, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

Background Screening Tradeoff: Turnaround Time vs. Quality

In today’s competitive hiring environment, speed is everything. Organizations are under constant pressure to move candidates through the hiring process quickly, and background screening is often expected to keep pace. But in the race to reduce turnaround time (TAT), an important question is often overlooked: what is the true cost of speed?

The Push for Faster Results

Delays can mean losing top candidates, disrupting business operations, or increasing costs. As a result, organizations frequently prioritize vendors and processes that promise rapid turnaround times–sometimes measured in hours instead of days. While faster screening can improve efficiency and candidate experience, it creates an inherent tension: comprehensive and defensible screening takes time.

Where Quality Can Suffer

Not all background checks are created equal. High-quality screening involves:

Obtaining and verifying data directly from primary sources
Expertly navigating complex court systems with varying levels of digitization
Resolving discrepancies through manual reviews
Ensuring compliance with applicable laws and regulations

When speed becomes the primary objective, there’s a risk that:

Searches rely too heavily on incomplete or aggregated databases
Critical verifications are skipped or downgraded
Errors or false positives increase
Nuanced findings are not fully investigated
Quality control is missing

Finding the Right Balance

The goal isn’t to choose between speed and quality—it’s to strike the right balance based on risk tolerance and role sensitivity. Organizations should consider:

Risk-based screening tiers: Higher scrutiny for high-impact roles, streamlined checks for lower-risk positions
Transparency in TAT expectations: Understanding what drives timelines rather than defaulting to the fastest option
Vendor partnerships: Working with providers who prioritize accuracy and compliance, not just speed
Process optimization: Leveraging technology where appropriate, while preserving necessary human oversight

Disclaimer: This communication is for general informational purposes only and does not constitute legal advice. The summary provided in this alert does not, and cannot, cover in detail what employers need to know about the amendments to the Philadelphia Fair Chance Law or how to incorporate its requirements into their hiring process. No recipient should act or refrain from acting based on any information provided here without advice from a qualified attorney licensed in the applicable jurisdiction.

June 1st, 2026|Categories: Compliance Corner for Employment Decisions|Tags: Background Reports, Employment Decisions|

The Scherzer Deal Report: May 18-22, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Convective Capital
$85M
Second fund

Shamrock Capital
$813M
Fourth content-focused PE fund

Stellus Capital Management
$1.5B
Fourth midmarket direct lending fund

Veriten
$105M
Second energy-focused fund

Private Equity Deals

Foundral
A. Hattersley & Sons
Undisclosed amount
Fort Wayne, IN-based mechanical contractor

EMS
American Metals Supply
Undisclosed amount
Tampa, FL-based aluminum products distributor for the patio and industrial end markets

Novvia Group
APC Packaging
Undisclosed amount
Ft. Lauderdale, FL-based provider of luxury beauty packaging

Hall Capital
BatteryPlex
Undisclosed amount
Coral Springs, FL-based battery distributor

Southern Home Services
Blazer Heating Air & Plumbing
Undisclosed amount
Richmond, VA-based provider of residential HVAC and plumbing services

Arctos Partners
Cleveland Browns
$9B
Cleveland, OH-based football franchise

Integrated Home Care Services
Dina Care
Undisclosed amount
Chicago, IL-based care coordination and referral management platform

NMI
Dwolla
Undisclosed amount
Des Moines, IA-based account-to-account payments infrastructure provider

Kinderhook Industries
Enhabit
$1.1B
Dallas, TX-based home health and hospice provider

Anthropic
Fractional AI
Undisclosed amount
San Francisco, CA-based AI services startup

Authentic Brands Group
Lee
$750M
Greensboro, NC-based denim brand

Boyne Capital
Local Boy Outfitters
Undisclosed amount
Columbia, SC-based consumer apparel and lifestyle brand

True North
Miles Truck Services
Undisclosed amount
Elkhart, IN-based trucking services company

Leonard Green & Partners
Mister Car Wash
$3.1B
Tucson, AZ-based car wash brand

Qualtrics
Press Ganey Forsta
$6.75B
New York City, NY-based health-care patient feedback firm

LMC Landscape Partners
Prestige Landscape Services
Undisclosed amount
Dallas, TX-based full-service landscape maintenance company

Marco Sealing Solutions
Pride Seals
Undisclosed amount
Cincinnati, OH-based provider of specialty sealing products and services

One Bow River
PteroDynamics
Undisclosed amount
Colorado Springs, CO-based developer of VTOL systems

FortyAU
Ronin Consulting
Undisclosed amount
Nashville, TN-based software engineering and AI development firm

GreyLion
Tanis Brush
Undisclosed amount
Delafield, WI-based maker of industrial and abrasive brushes

Serent Capital
The Edge
Undisclosed amount
Shelton, CT-based jewelry retail software company

PestCo
University Termite & Pest Control
Undisclosed amount
Tucson, AZ-based provider of pest control services

Accel-KKR
UpKeep
Undisclosed amount
Los Angeles, CA-based asset operations platform

Dr. Scholl’s
VKTRY
Undisclosed amount
Milford, CT-based maker of carbon fiber insoles

Venture Capital Deals

VMG Partners, La Molisana, Pentland Ventures, Lerer Hippeau, and Gather Ventures
Brami
$33M
New York City, NY-based protein pasta maker

USVP and Astoria Health Investors
Cagent Vascular
$41M
Wayne, PA-based developer of endovascular technologies

Acrew Capital, a16z crypto, Breyer Capital, General Catalyst, and QED
Catena Labs
$30M
Boston, MA-based “AI-native bank”

Plural
CircuitHub
$28M
South Deerfield, MA-based electronics manufacturer

General Catalyst, Sequoia Capital, Morgan Stanley, ⁠and Kirkland & Ellis
Commure
$70M
Mountain View, CA-based health-care workflow platform

a16z
Exa Labs
$250M
San Francisco, CA-based AI search startup

General Atlantic, CapitalG, Viewpoint Ventures, Bessemer Venture Partners, Context Ventures, Cota Capital, Khosla Ventures, Lightspeed, MassMutual Ventures, and Moneta Venture Capital
Farther
$150M
San Francisco, CA-based AI platform for financial advisors

Unbundled Capital
Findd
$21M
Provo, UT-based frontline workforce management platform

Parkway Venture Capital, Align Ventures, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, and Tamarack Global
Hark
$700M
San Jose, CA-based developer of a “universal” AI interface

Layer Global and Baillee Gifford
Kalshi
$200M
New York City, NY-based prediction market platform

TCV, Sequoia Capital, a16z, and Coatue
Mercury
$200M
San Francisco, CA-based business banking startup

General Catalyst, Redpoint Ventures, Menlo Ventures, and Accel
Modal
$355M
San Francisco, CA-based AI infrastructure layer

Index Ventures, a16z, and Avra
Moment
$78M
New York City, NY-based investment management platform

Menlo Ventures, Thrive Capital, Index Ventures, JPMorgan Growth Equity Partners, Maverick Ventures, YC, BoxGroup, Atomico, Daybreak, and Operator Partners
Nourish
$100M
New York City, NY-based metabolic health startup

Brewer Lane Ventures, Arch, Avid Ventures, Blank Ventures, Box Group, Crystal Venture Partners, SV Angel, and Verissimo Ventures
Novella
$21M
New York City, NY-based wholesale insurance broker

Lightspeed, Picture Capital, and Cerca Partners
Ocean
$28M
New York City, NY-based agentic email security startup

Westlake BioPartners
Oorja Bio
$30M
Houston, TX-based developer of therapies for fibrotic and cardiopulmonary diseases

First Round Capital, Quiet Capital, TMV Logistics, Steel Atlas, BoxGroup, and Operator Partners
Quartermaster
$43M
Arlington, VA-based maritime awareness platform

Gideon Strategic Partners, Nimble Partners, and Align Ventures
Radar
$170M
New York City, NY-based retail intelligence platform

General Catalyst
Relay
$50M
New York City, NY-based provider of banking and money management software for small businesses

Sequoia Capital, Paradigm, and Stripe co-founders Patrick and John Collison
SendCutSend
$110M
Reno, NV-based on-demand manufacturer

Princeville Capital, ServiceNow Ventures, Workday, Databricks, Sutter Hill Ventures, Altimeter Capital, Spark Capital, D1 Capital Partners, Avenir Growth Capital, NewView Capital, XN, and K5 Global
Sigma
$80M
San Francisco, CA-based AI apps and agentic analytics platform

Pitango and Harel Insurance
Tomorrow.io
$35M
Boston, MA-based weather data company

Highland Europe, Bessemer Venture Partners, Craft Ventures, TLV Partners, Third Point Ventures, Cerca Partners, and Vintage Investment Partners
Unframe
$50M
Cupertino, CA-based AI delivery platform for global enterprises

General Atlantic, Revelstoke, 1902 Capital, Square Peg, Savano Capital, and Island Green
Vi
$145M
New York City, NY-based maker of health care AI agents

May 27th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

The Scherzer Deal Report: May 11-15, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

A*
$450M
Third fund

Finback Investment Partners
$500M
Second private equity fund

Kalos Ventures
$78.8M
Debut fund

S2G Investments
$1B
Growth fund

Private Equity Deals

SBJ Capital
3B International
Undisclosed amount
Totowa, NJ-based fragrance developer

Relevant Solutions
Automation Werx
Undisclosed amount
Idaho Falls, ID-based systems integrator

365 Retail Markets
Cantaloupe
$848M
Malvern, PA-based provider of tech solutions for “unattended commerce”

Integrated Water Services
Complete Filtration Resources
Undisclosed amount
Marshfield, WI-based provider of industrial wastewater services

Cartridge Technologies
Data Conversion Laboratory
Undisclosed amount
Fresh Meadows, NY-based provider of structured data and content transformation services

Apollo
Emerald Holding and Questex
Undisclosed amount
New York City, NY-based live events businesses

Goldman Sachs Alternatives
FGI Worldwide
Undisclosed amount
New York City, NY-based provider of working capital financing and trade credit insurance solutions

TA Associates
Govineer Solutions
Undisclosed amount
Provo, UT-based provider of software and payments solutions for local governments

H.I.G. Capital
International Aerospace Coatings
Undisclosed amount
Irvine, CA-based operator of on-airport hangars

Gallant Capital Partners
NCCO
Undisclosed amount
St. Paul, MN-based provider of food service labels and consumables

Apollo
Noble Environmental
Undisclosed amount
Pittsburgh, PA-based waste management company

Sunstone Partners
Peloton Consulting Group
Undisclosed amount
Boston, MA-based Oracle partner focused on “AI-driven transformations”

Lorient Capital
PeterMD
Undisclosed amount
Vero Beach, FL-based DTC men’s health platform

General Atlantic Power
GEM
Undisclosed amount
Clifton Park, NY-based grid reliability company

Basalt Infrastructure Partners
Relam
Undisclosed amount
Glenwillow, OH-based lessor of maintenance-of-way and hi-rail equipment

Good Springs Capital
Snyder Environmental Services
Undisclosed amount
Kearneysville, WV-based provider of environmental and infrastructure services to the water, stormwater, and wastewater markets

Lafayette Instrument
Sutter Instrument
Undisclosed amount
Novato, CA-based maker of tools for cellular research and electrophysiology

Quad-C Management
Thibaut
Undisclosed amount
Union, NJ-based designer and distributor of wall coverings, fabrics, rugs, and furniture

Seaga Manufacturing
Three Square Market
Undisclosed amount
River Falls, WI-based provider of micromarket convenience retail tech and self-service solutions

Graycliff Partners
Tramont Manufacturing
Undisclosed amount
Milwaukee, WI-based manufacturer of generator enclosures and fuel tanks for backup power applications

Blackstone and Halliburton
Voltagrid
$1B
Houston, TX-based energy management and generation company

Citation Capital
World Travel Holdings
Undisclosed amount
Wakefield, MA-based leisure travel company

Boyne Capital
YZY Fragrances
Undisclosed amount
Miami, FL-based fragrance company focused on perfumes, colognes, and body mists

Venture Capital Deals

Define Ventures, SemperVirens, Catalio Capital, and New Health Ventures
9amHealth
$26M
San Diego, CA-based provider of virtual cardiometabolic treatment

Thrive Capital and a16z
Anduril
$5B
Costa Mesa, CA-based defense tech startup

Basis Set Ventures, Cowboy Ventures, PHX Ventures, Zenda Capital, and Victoria Treyger
Basata
$21M
Phoenix, AZ-based health-care admin company

McKesson Ventures, FCA Venture Partners, Sanofi Ventures, and AIX Ventures
BranchLab
$26M
Boulder, CO-based pharma commercialization platform

European Innovation Council, Junson Capital, MedVenture, and New Rhein Healthcare Investors
Butterfly Medical
$21M
Boston, MA-based developer of devices for treating benign prostatic hyperplasia

Accel, a16z, General Catalyst, Sunflower Capital, and Backcountry Ventures
Ciridae
$20M
San Francisco, CA-based AI transformation startup

Index Ventures, Breakthrough Energy Ventures, Construct Capital, IVP, and SAIC
Cowboy Space
$275M
San Carlos, CA-based orbital infrastructure company

Newpath Partners, Arch Venture Partners, and Hatteras Venture Partners
Create Medicines
$122M
Cambridge, MA-based developer of CAR-T therapies

Burnt Island Ventures, AP Ventures, Sony Innovation Fund, Builders Vision, Kibo Invest, Idemitsu Ventures, New York Ventures, Counteract, ANIMO Ventures, Connecticut Innovations, Ponderosa Ventures, and Echo River Capital
Crew Carbon
$25M

Brooklyn, NY-based provider of carbon dioxide removal solutions for wastewater

Left Lane Capital, Curql, and PHX Ventures
Equipifi
$34M
Scottsdale, AZ-based provider of embedded BNPL solutions for banks and credit unions

HarbourVest Partners, Peak XV, Mayfield, Khosla Ventures, and Seligman Ventures
Exaforce
$125M
San Francisco, CA-based agentic cybersecurity startup

SBI Group, Investcorp, and Arz Portföy
Fasset
$51M
Los Angeles, CA-based stablecoin neobank

Thrive Capital, General Catalyst, Accel, Bain Capital Ventures, Redpoint, BoxGroup, and Pear VC
Forus
$160M
New York City, NY-based provider of software for administrative management of prescriptions

Insight Partners, Work-Bench, and Bienville Capital
GovWell
$25M
New York City, NY-based permitting and licensing platform

Sutter Hill Ventures, National Grid Partners, Future Energy Ventures, Emerson Collective, Stanford University, Xora, Aina Ventures, Overture, Acclimate Ventures, and Clearvision Ventures
Gridcare
$64M
Redwood City, CA-based provider of underused energy detection software

CCM Capital Markets, Clear Street, Cobalt Capital, Boardman Bay Capital Management, Meet Perry, Mute Ventures, Soren Ventures, SAIC, JA Green, Outlander VC, Scout VC, B Capital, Lockheed Martin, Taiwania Capital, UP Partners, The Veteran Fund, and Vanderbilt University’s endowment
Havoc
$100M
Providence, RI-based developer of AV software and hardware

Lightspeed, Nova Global, SV Angel, Valor Equity Partners, and Dynamic
Judgment Labs
$32M
San Francisco, CA-based agentic AI software

Kleiner Perkins, Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A* Capital, and Garuda Ventures
Mind Robotics
$400M
Palo Alto, CA-based industrial robotics spinout from Rivian

Benchmark, Founders Fund, and Human Capital
Monaco
$50M
San Francisco, CA-based sales platform

Menlo Ventures, Anthology Fund, True Ventures, GV, and Kinship Ventures
Nectar Social
$30M
Palo Alto, CA-based maker of agents for businesses to manage social presence

Kleiner Perkins and Founders Fund
Roadrunner
$27M
Westlake Village, CA-based CPQ (Configure, Price, Quote) software startup

B Capital, Shield Capital, and Cerberus Ventures
Star Catcher
$65M
Jacksonville, FL-based developer of a power grid in space

Peak XV, M12, Kleiner Perkins, and Bessemer Venture Partners
Vapi
$50M
San Francisco, CA-based AI voice platform

Nava Ventures, SBVP, Forula VC, and I2BF Ventures
Wirestock
$23M
San Jose, CA-based provider of multi-modal data to AI labs

May 20th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

Why Civil Court Searches Are a Smart Hiring Advantage

In today’s complex hiring environment, civil record searches elevate screening from a routine step to a strategic safeguard for your business. In case of disputes or legal challenges related to hiring decisions, including civil court searches as part of the screening process shows that the employer conducted a reasonably thorough background check.

What Can Civil Records Reveal?

Workplace Safety
A civil records search may disclose an applicant’s actual or potential for violence in cases that involve petitions for restraining orders regarding stalking, harassment, or domestic violence; whether the applicant is currently under a restraining order for any of the foregoing, or a complaint for assault, battery, property damage, or vandalism.

Workplace Conduct
Civil records may disclose whether the applicant has engaged in antisocial, inappropriate workplace conduct or behavior contrary to public policy. For example, a civil records search may disclose complaints for workplace sexual harassment or discrimination, and whether such a case is pending, thereby leaving doubt in determining the applicant’s liability. There is also the issue of reputational risk to the employer for an applicant who was found liable in such cases.

Criminal-related Conduct
Civil records may disclose whether an applicant has been sued by a former employer for financial claims such as embezzlement, theft, intentional property damage, or improperly using or disclosing an employer’s trade secrets. Although some of these claims can also be charged as crimes, a local prosecutor may decline to do so, and employers are left with only civil remedies.
Other Records
The most common civil records are lawsuits for breach of contract, personal injury, small claims, or other minor disputes, as well as records of liens, foreclosures, and judgments. Whether any of these records provide relevant information for an employment decision can only be made on a case-by-case basis.

Building a Defensible Hiring Process

The purpose of a civil records check is to create a more complete profile. By identifying potential risks early, employers can:

Mitigate Risk: Help protect employees, customers, and organizational reputation.
Demonstrate Due Diligence: Show a reasonably thorough screening process if hiring decisions are later challenged.
Make Better Decisions: Evaluate findings in context, based on the specific role and responsibilities.

May 14th, 2026|Categories: Compliance Corner for Employment Decisions|Tags: Background Reports, Employment Decisions, FCRA|

The Scherzer Deal Report: May 4-8, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

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Fundraising for PE & VC Funds

5th Century Partners

$276M
Second fund

Audax Private Debt
$1B
Direct lending

CV Bridge Growth Partners
$790M
Single-asset CV for infrastructure software firm Solace

Corbin Capital Partners
$342M
Litigation finance fund

Global Millennial Capital
$100M
Inaugural IPO Opportunities Fund Mid

Ocean Partners
$300M
Single-asset CV for Cloyes Gear and Products

Restive Ventures
$45M
Third fund

THL Partners
$6.35B
Tenth flagship buyout fund

Twin Bridge Capital Partners
$855M
Sixth lower middle market fund

Wisdom Ventures
$77.7M
Second fund

Private Equity Deals

Pye-Barker Fire & Safety
AAA Fire Extinguisher Co.
Undisclosed amount
Lubbock, TX-based provider of inspections for portable fire extinguishers and fire suppression systems

Leap Partners
Air Hawk Heating & Cooling
Undisclosed amount
Odessa, FL-based HVAC firm

Long Lake Capital
American Express Global Business Travel
$6.3B
New York City, NY-based software and services company for travel, expense and meetings & events

Med Tech Solutions
Avarion
Undisclosed amount
Dunmore, PA-based advisory for hospitals, health systems and care networks

Infoblox
Axur
Undisclosed amount
Miami, FL-based network software management company

JLL Partners
CAI
Undisclosed amount
Indianapolis, IN-based professional services firm for life sciences

Carlyle and Diversified Energy Co.
Camino Natural Resources
$1.2B
Denver, CO-based independent oil and natural gas company

CareTria
CaryHealth
Undisclosed amount
Washington, DC-based digital pharmacy

Miller Environmental Group
Central Ohio Oil
Undisclosed amount
Columbus, OH-based provider of non-hazardous waste treatment services

Traffic & Mobility Consultants
Chindalur Traffic Solutions
Undisclosed amount
Jacksonville, FL-based firm serving public agencies and private developers

CQ Medical
Decimal
Undisclosed amount
Sanford, FL-based maker of beam shaping devices for cancer treatment

Infinite
Dukas Linden Public Relations
Undisclosed amount
New York City, NY-based public relations firm

Blue Ridge Associates
Economic Group Pension Services
Undisclosed amount
New York City, NY-based retirement plan services firm

Boyne Capital
H&B Facility Services
Undisclosed amount
Lake Hiawatha, NJ-based commercial cleaning and facility services company

Entwistle
Hales
Undisclosed amount
Clayton, NC-based maker of components and machinery systems for the U.S. military

Platinum Equity
Infratech
Undisclosed amount
Gardena, CA-based infrared electric heating company

Carlyle
Knack RCM and EqualizeRCM
Undisclosed amount
Woodbridge, NJ and Austin, TX-based health care RCM (revenue cycle management) providers

Montage Partners
Lighten Up
Undisclosed amount
Los Angeles, CA-based lighting design and technical production company

Hidden River
NEC
Undisclosed amount
Houston, TX-based manufacturer of PVC-coated electrical conduit and fittings

Strategic Value Partners
New Frontera Holdings
Undisclosed amount
Mission, TX-based 530-megawatt natural gas-fired combined-cycle generation facility

Colorado Premium
Old Hickory Smokehouse
Undisclosed amount
Lewisburg, TN-based smoked meats maker

Bain Capital, Sixth Street, and Harvest Partners Structured Capital
Power Home Remodeling
Undisclosed amount
Chester, PA-based exterior home remodeler

Liberty Waste Solutions
Randolph County Garbage Services
Undisclosed amount
Asheboro, NC-based residential subscription waste collector

GI Partners
Rose BioSolutions
Undisclosed amount
Rockville, MD-based provider of advanced manufacturing capabilities across the cell and gene therapy space

Cerberus
S+S Industries
Undisclosed amount
Houston, TX-based maker of power equipment for data centers

COEO Solutions
S-Net Communications
Undisclosed amount
Schaumburg, IL-based cloud security company

PlayMetics
SportsEngine
Undisclosed amount
Minneapolis, MN-based youth sports app

Siris
Takkion
Undisclosed amount
Evansville, WY-based services provider to the renewable energy industry

Greater Sum Ventures
Tapin2
Undisclosed amount
Pasadena, CA-based provider of self-service, suite catering and mobile ordering technology for sports and entertainment venues

Healthcare Linen Services Group
Texas Textile Services
Undisclosed amount
Houston, TX-based provider of health-care linens and laundry services

Allied Industrial Partners
Trinity Industrial
Undisclosed amount
Broussard, LA-based industrial and energy equipment rental and specialty services company

Virginia Green
Turf Solutions
Undisclosed amount
Harbeson, DE-based residential lawn care company

NextPoint Group
UScontracting
Undisclosed amount
Odenton, MD-based provider of cybersecurity and other software for the intelligence community

Arete Health
Virginia Rehabilitation & Wellness and Summerville Physical Therapy & Balance for Adults
Undisclosed amount
Chantilly, VA-based and Summerville, SC-based physical therapy centers

Venture Capital Deals

Blackstone
Anagram Therapeutics
$250M
Natick, MA-based biotech focused on pancreatic insufficiency

Snowpoint Ventures, Franklin Templeton, a16z, BlackRock, Ballie Gifford, Fidelity, BAM Elevate, Nimble Partners, and Friends & Family Capital
Astranis
$300M
San Francisco, CA-based commercial satellite company

Sea, Sequoia Capital, Google, Nvidia, LG Ventures, Dentsu Ventures, and Conviction Embed
Astrocade
$56M
Palo Alto, CA-based games creation platform

Northzone, PSG, Battery Ventures, Jump Capital, NFX, Link Ventures, Flybridge, Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures
Blitzy
$200M
Cambridge, MA-based autonomous software development firm

Glilot Capital, NFX, and SignalFire
CopilotKit
$27M
Seattle, WA-based app-native agent deployment platform

TCV, Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, and Global Growth Fund
Corgi
$160M
San Francisco, CA-based insurer for startups

N47, Gradient, Tandem Venture, and Rigby Watts
Enzo Health
$20M
Lehi, UT-based post-acute care startup

Coatue, a16z, Sequoia Capital, IVP, Paradigm, Morgan Stanley, and ARK Invest
Kalshi
$1B
New York City, NY-based predictions marketplace

DCVC, Lions Capital, Gates Foundation, ATHOS KG, Germin8, Ki Tua Fund, and Pangaea Ventures
Kanvas Biosciences
$48M
Princeton, NJ-based developer of precision microbiome therapeutics

8VC, DCVC Bio, BioAdvance, Benjamin Franklin Technology Partners, Modi Ventures, Gaingels, Hatch BioFund, Korea Development Bank, and Helen’s Pink Sky Foundation
Latus Bio
$43M
Philadelphia, PA and Boston, MA-based gene therapy startup

GL Ventures
LTZ Therapeutics
$38M
Redwood City, CA-based immunotherapy biotech

Industrious Ventures, Type One Ventures, Eniac Ventures, and Promus Ventures
Lunar Outpost
$30M
Denver, CO-based developer of a moon rover

Walden Catalyst and General Catalyst
Nace.AI
$21.5M
Palo Alto, CA-based startup that helps businesses build specialized AI models

Chemistry, Accel, Conviction, and SAP.io
Nova Intelligence
$31M
San Francisco, CA-based AI platform for SAP development and migration

Peter Thiel, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Group, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund, and the Intrepid Oregon Fund
Panthalassa
$140M
Portland, OR-based developer of tidal-powered data centers

NFX and Future Ventures, Base4, ADVentures, and Stanford University
Pumpkinseed
$20M
Palo Alto, CA-based protein sequencing startup

Accel, Spark Capital, NVentures, Salience Capital, A&E Investments, HOF Capital, Walden Catalyst Ventures, AMD, LDV Partners, WTT Investment, and MediaTek
RadixArk
$100M
Palo Alto, CA-based startup seeking to make makes AI inference and training more efficient

KKR, Bain Capital Ventures, and Flourish Ventures
Reserv
$125M
New York City, NY-based property and casualty insuretech

Tiger Global, GV, Benchmark, Sequoia, and Greenoaks
Sierra
$950M
San Francisco, CA-based provider of custom AI agents for enterprise customer service

A16z, Foundation Capital, Myriad Venture Partners, and Osage University Partners
Tessera Labs
$60M
San Jose, CA-based ERP modernization platform

Accenture, NVentures, Liberty Global, Samsung, and SentinelOne
XBOW
$35M
Seattle, WA-based autonomous offensive security startup

May 13th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

The Scherzer Deal Report: April 27-May 1, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

137 Ventures
$700M
Primary investments and founder/employee tenders

Boyne Capital
$400M
Third fund

Crescent Cove Advisors
$446M
Fourth tech growth capital fund

Emerald Lake
$825M
Debut fund

Mighty Capital
$91M
Third fund

Northwestern Mutual
$150M
Third fintech VC fund

Ridgeline Ventures
$180M
Second fund

Silver Rock Capital Partners
$4B
Private credit fund

Private Equity Deals

Integrum, Lightyear Capital, and Ontario Teachers’ Pension Plan
Allworth Financial
Undisclosed amount
Folsom, CA-based wealth manager

Fusion Capital Partners
Aqualis
Undisclosed amount
Morrisville, NC-based provider of water management services for critical infrastructure

Valor Exterior Partners
Associate Roofing
Undisclosed amount
Braintree, MA-based roofing company

Protos Security
At-Risk International
Undisclosed amount
Chantilly, VA-based security and risk consulting services company

Superior Health
Chant Healthcare
Undisclosed amount
Stigler, OK-based provider of home health and hospice services

Stonepeak and Bernhard Capital Partners
Cleco Group
Undisclosed amount
Pineville, LA-based electric utility company

Newport Specialty Partners
Complex Coverage
Undisclosed amount
Huntington, NY-based managing general agency focused on homeowners’ and personal lines insurance

Arlington Capital Partners
Enercon
Undisclosed amount
Kennesaw, GA-based nuclear engineering firm

Pelican Energy Partners
Environmental Alternatives
Undisclosed amount
Mechanicsville, VA-based provider of environmental remediation and nuclear decontamination services

Neuberger Private Markets
Flow Control Group
Undisclosed amount
Charlotte, NC-based provider of technical flow control and industrial automation distributors.

Engineering Resource Group
Haltom Engineering
Undisclosed amount
Memphis, TN-based MEP engineering consultancy

MyEyeDr
Lumina Vision Partners
Undisclosed amount
Phoenix, AZ-based 28-location optometrist practice group in Arizona and Texas

Urban Armor Gear
Nomad
Undisclosed amount
Santa Barbara, CA-based mobile accessories maker

Artemis
Optikos
Undisclosed amount
Wakefield, MA-based optical products testing company

I Squared Capital
Oriden
Undisclosed amount
Pittsburgh, PA-based renewable energy developer

iAltA
Precept
Undisclosed amount
New York City, NY-based wealth tech platform

Clearlake
Qualus
Undisclosed amount
Lake Mary, FL-based power and electric grid services platform

Corporate Technologies
RPM Technologies
Undisclosed amount
Indianapolis, IN-based managed services company for life sciences

The Sterling Group
Scruggs
Undisclosed amount
Houston, TX-based provider of products and services to the municipal water and wastewater industry

Persona Triangle
Sheer Service and EVO Door & Window Service
Undisclosed amount
West Palm Beach, FL-based windows and doors services group

Acron Technologies
Sightline Intelligence
Undisclosed amount
Portland, OR-based processor of videos for defense purposes

Varsity Brands
Sports Endeavors
Undisclosed amount
Hillsborough, NC-based provider of club soccer uniforms and equipment

O2 Investment Partners
Steffl Drilling & Pump
Undisclosed amount
Willmar, MN-based provider of water well drilling and repair services

Fenceworks
T-Bar Fence
Undisclosed amount
Mansfield, TX-based fencing firm

Integrity
TC Financial
Undisclosed amount
Minneapolis, MN-based marketing group

Astorg
Thermo Fisher Scientific
$1.08B
Waltham, MA-based microbiology business

Catchment Capital
Vertech Industries
Undisclosed amount
Phoenix, AZ-based industrial systems integrator

DAZN
ViewLift
$100M
New York City, NY-based provider of streaming and digital solutions for content owners

Falfurrias Management Partners
Young American Food Brands
Undisclosed amount
Miami, FL-based protein producer

Venture Capital Deals

C.P. Group Innovation, Alumni Ventures, the Stanford President’s Venture Fund, Hillhouse Investment, and Gaorong Ventures
Axoft
$55M
Cambridge, MA-based brain-computer interface startup

Craft Ventures, Pace Capital, Chemistry, and TruArrow
ComfyUI
$30M
San Francisco, CA-based AI workflow platform for creatives and ad agencies

Redpoint Ventures
Creati Gen AI
$20M
San Francisco, CA-based AI video-editor

Galvanize and BHP Ventures
DISA Technologies
$33M
Casper, WY-based uranium remediation and resource recovery company

Sutter Hill Ventures, Chemistry, Alexandria Venture Investments, and Empire State Development
Fathom Therapeutics
$47M
New York City, NY-based quantum and AI drug design company

Galaxy Ventures, ParaFi Capital, and Crane Ventures Partners
Fence
$20M
New York City, NY-based fintech for asset-backed markets

Washington Harbour Partners, NEA, Ondas Capital, In-Q-Tel, Lockheed Martin Ventures, Booz Allen Ventures, Geodesic Capital, and Motley Fool Ventures
Firestorm Labs
$82M
San Diego, CA-based supplier of portable drone factories to the U.S. military

Multicoin Capital and Signal
FireFun
$72M
New York City, NY-based payments platform

Atomic, A* and Redpoint Ventures
Golden Child
$37M
Miami, FL-based dog food brand

Goldman Sachs Alternatives, Bain Capital Ventures, Iconiq, Sapphire Ventures, Amplify Partners, YC, and TD7
Hightouch
$150M
San Francisco, CA-based marketing AI startup

Intrepid Growth Partners, GV, EDBI, Insight Partners, and Obvious Ventures
Iterative Health
$77M
Cambridge, MA-based clinical trial infrastructure startup

Dorilton Capital, General Catalyst, AE Industrial Partners, and Bob Muglia
JuliaHub
$65M
Cambridge, MA-based agentic AI platform for hardware engineering

Goldman Sachs, Revolution, and EJF Ventures
Kashable
$60M
New York City, NY-based provider of employee financial wellness programs

Keysight Technologies and the Australian Government’s National Reconstruction Fund
Liquid Instruments
$50M
San Diego, CA-based provider of software-defined test solutions

Menlo Ventures, Kleiner Perkins, First Round Capital, and Quiet Capital
Manifest OS
$60M
New York City, NY-based startup selling AI software to lawyers

VIG Partners
Minish Technology
$22M
Los Angeles, CA-based biometric dental restoration startup

Amzak Health, Elevage Medical Technologies, USVP, Lumira Ventures, Foothill Ventures, and Shangbay Capital
Nervonik
$52.5M
Los Angeles, CA-based maker of peripheral nerve stimulation devices

Accenture Ventures, Adobe Ventures, WndrCo, SLW, Naver Ventures, Metis Strategy, and Fin Capital
Netomi
$110M
San Francisco, CA-based customer service startup

Matter Venture Partners, Acclimate Ventures, Catapult Ventures, Xora Innovation, Capricorn Investment Group, Mayfield, and New Legacy
OpenLight
$50M
Goleta, CA-based silicon photonics startup

Kleiner Perkins, Sequoia Capital, Thrive Capital, Khosla Ventures, JPMorgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic, and Positive Sum
Rogo
$160M
New York City, NY-based AI platform for finance

Align Ventures and Draper Associates
Scout AI
$100M
Sunnyvale, CA-based “frontier lab for defense”

Sequoia Capital and Spark Capital
Standard Intelligence
$75M
San Francisco, CA-based model that trains on video rather than text

BNP Paribas, Fitch Ventures, MassMutual Ventures, Motive Partners, Apollo, BofA, Barclays, Citi, Deutsche Bank, JPMorgan, Morgan Stanley, U.S. Bancorp, and Wells Fargo
Versana
$43M
New York City, NY-based loan market infrastructure company

Avery Dennison
Wiliot
$75M
San Diego, CA-based developer of sensors and software for supply chains

May 5th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

A Stronger Lens on Risk: The Value of Independent Screening in Commercial Lending

Background checks on principals and guarantors are now a standard component of commercial lending due diligence. While some lenders rely primarily on internal searches, independent third‑party background screening provides meaningful advantages in risk management, consistency, depth, and defensibility that internal checks alone rarely achieve.

Independence and Objectivity

Third‑party screening delivers a neutral assessment, free from deal momentum or internal pressure. This independence strengthens the credibility of diligence findings and creates a defensible record, which is particularly important if a transaction is later reviewed by regulators, auditors, investors, or courts.

Consistency Across Deals

Internal background reviews can vary widely depending on team practices, geography, experience levels, and time constraints. Independent screening firms apply standardized methodologies across transactions, enabling more consistent treatment of borrowers and reducing the likelihood of uneven or incomplete evaluations.

Broader Information Access and Deeper Coverage

Specialized screening providers draw from a wide range of proprietary, licensed, and aggregated information sources, many of which are not readily accessible to internal teams. Combined with expertise in navigating fragmented public‑record systems, these capabilities allow them to more effectively identify name variations and locate litigation, regulatory actions, sanctions exposure, adverse media, and other potentially deal-stopping information that may otherwise go undetected.

Reduced Legal and Compliance Risk

Reputable third‑party providers operate within established compliance frameworks, apply appropriate guardrails, and maintain clear documentation, helping lenders reduce the risk of inadvertent legal or regulatory missteps.

Efficiency and Governance

Outsourcing background screening allows internal teams to focus on credit analysis, judgment, and transaction decision‑making, while producing a clear audit trail that supports governance, examiner expectations, and investor oversight.

The Bottom Line

Internal familiarity can introduce blind spots, and internal searches are inherently constrained by available tools and sources. Third‑party screeners do not replace internal judgment–they complement it by bringing independence, broader access, and disciplined methodologies that strengthen both risk assessment and defensibility.

May 1st, 2026|Categories: Commercial Transactions Due Diligence|Tags: Due Diligence, Lending|

The Scherzer Deal Report: April 20-24, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Achieve Partners
$450M
Achieve Partners Workforce II

Adams Street
$2.5B
Sixth co-investment fund

Baird Capital
$450M
Third Global Fund

Cerberus Capital Management
$2.3B
Single-asset continuation vehicle for Subsea Communications

HarbourVest Partners
$2.4B
Thirteenth U.S. flagship primary fund

Private Equity Deals

Fortify Restoration
Beach Contracting
Undisclosed amount
Hollywood, FL-based provider of structural restoration services in South Florida

Brightstar Capital Partners
Bendon Publishing International
Undisclosed amount
Ashland, OH-based designer and distributor of licensed children’s coloring, activity, and educational products

ModMed
Bonsai Health
Undisclosed amount
Santa Monica, CA-based frontline employee engagement platform

SK Capital Partners
Brothers International Food Holdings

Undisclosed amount
Rochester, NY-based provider of natural fruit ingredients and products for the food and beverage industry

THL Partners
Celerion
$1.8B
Lincoln, NE-based clinical pharmacology and bioanalytical sciences company

Xceed Foodservice Group
Encore Food Solutions
Undisclosed amount
Rosenberg, TX-based food procurement consultancy

Aquiline
EnrollHere
Undisclosed amount
Pinehurst, NC-based platform and system of record for insurance distribution

The Cook & Boardman Group
Exclusive Trim
Undisclosed amount
Coral Springs, FL-based turnkey provider of interior finishing solutions

GTCR
Fiduciary Company
Undisclosed amount
Boston, MA-based private wealth manager and trust company

Alignment Growth
Free Association Live
$45M
Santa Monica, CA-based live entertainment company

Century Park Capital Partners
Green Summit Landscape Group
Undisclosed amount
Lansing, MI-based platform created to build a full-service landscape, snow, and water management organization in the United States

Grovecourt Capital
Guide Architecture
Undisclosed amount
Dallas, TX-based health care-focused architecture and planning firm

Thermal Concepts
Hunter Mechanical
Undisclosed amount
Newport News, VA-based HVAC company

KSL Capital Partners
Invited Clubs
$3B
Irving, TX-based operator of golf and membership clubs

Alchemy Technology Group
IOvations
Undisclosed amount
Burlington, MA-based cybersecurity solution provider

Catchment Capital
Isolatek International
Undisclosed amount
Stanhope, NJ-based fireproofing technology company

Steele Solutions
Maysteel Industries
Undisclosed amount
Allenton, WI-based provider of custom enclosures, hot aisle containment, and precision fabricated solutions

United Building Solutions
McCarl’s Services
Undisclosed amount
Cranberry Township, PA-based commercial and industrial HVAC and refrigeration solutions company

F2 Strategy
Meradia
Undisclosed amount
West Chester, PA-based privately held investment operations company

Avem Partners and True West Capital Partners
Precision Aircraft Machining Company (PAMCO)
Undisclosed amount
Sun Valley, CA-based aerospace and defense precision manufacturing company

D2 Solutions
ProModRx
Undisclosed amount
Fort Lauderdale, FL-based cloud-based patient and prescription medications platform

Blue Owl Capital
Sila Realty Trust
$2.4B
Tampa, FL-based net lease real estate investment trust focused on the healthcare industry

Stonepeak
Southern Marinas
Undisclosed amount
Palm Beach Gardens, FL-based owner and operator of marinas in the United States

Delta Utilities
Spire
$75M
St. Louis, MO-based natural gas distribution company

Kipu Health
Team Recovery Technologies
Undisclosed amount
Draper, UT-based patient engagement software provider

Hightower
The Bahnsen Group
Undisclosed amount
Newport Beach, CA-based wealth manager

FTV Capital
Valitana
Undisclosed amount
Stamford, CT-based portfolio management solution for structured credit

Shrieve Chemical Company
Vertec BioSolvents
Undisclosed amount
West Chicago, IL-based manufacturer of bio-based solvents

Parkview Dental Partners
VIP Dental
Undisclosed amount
Palm Harbor, FL-based dentistry practice

Tencarva Machinery Company
WWaterTech Services
Undisclosed amount
Waller, TX-based representative for water and wastewater equipment manufacturers and system suppliers

Venture Capital Deals

StepStone Group, Benchmark Capital, Redpoint Ventures, Iconiq, and Atreides Management
AcuityMD
$80M
Boston, MA-based medtech software platform

Just Climate and High Sage Ventures
Afresh
$34M
San Francisco, CA-based grocery software developer

Amazon
Anthropic
$5B
San Francisco, CA-based AI model company

Felicis
Artemis
$70M
New York City, NY-based provider of AI-cyber detection and automated response services

VXI Capital, Engine Ventures, At One Ventures, and Tamarack Global
Blue Energy
$380M
Chevy Chase, MD-based prefabricated nuclear power plants company

Oak HC/FT, Norwest, and Work-Bench
Courier Health
$50M
New York City, NY-based patient experience management company

a16z, Nvidia, and Thrive Capital
Cursor
$2B
San Francisco, CA-based AI coding company

Eclipse and Energy Impact Partners
Humble
$24M
San Francisco, CA-based provider of autonomous electric freight haulers for commercial fleets

Valor Equity Partners, Valor Atreides AI Fund, 8VC, Founders Fund, Index Ventures, JPMorgan Growth Equity Partners, and Tao Capital Partners
Loop
$95M
San Francisco, CA-based platform for logistics and supply chains

Footwork, Acrew Capital, and Better Tomorrow Ventures
Monk
$25M
New York City, NY-based AI-native accounts receivable platform

Cambium Capital, Walden Catalyst Ventures, and Vista Equity Partners
NeoCognition
$40M
San Francisco, CA-based research lab developing self-learning AI agents

Iconiq, Theory Ventures, First Round Capital, Redpoint Ventures, and GV
Omni
$120M
San Francisco, CA-based AI analytics company

AVP, Prosperity7 Ventures, Nexus Venture Partners, Battery Ventures, and Vertex Ventures US
Orkes
$60M
Santa Clara, CA-based AI deployment startup

Andreessen Horowitz, First Round Capital, and Cowboy Ventures
Petual
$20M
San Francisco, CA-based financial audit software developer

Janus Henderson Investors, Adage Capital Management, Franklin Templeton, Invus, Marshall Wace, 4BIO Capital, Deerfield Management, MRL Ventures Fund, Norwest, Novo Holdings, and Platanus
Ray Therapeutics
$125M
Berkeley, CA-based vision restoration biopharma startup

Nimble Partners, Eclipse, Lightspeed, Coatue, Pathbreaker Ventures, Island Green Capital, Socium Ventures, AE Ventures RTX Ventures, Presidio Ventures (Sumitomo Corporation), UP.Partners, KAS Venture Partners, What If Ventures, Calm Ventures, Gaingels, and Mana Ventures
Reliable Robotics
$160M
Mountain View, CA-based aviation autonomy systems company

Flagship Pioneering
Serif Biomedicines
$50M
Cambridge, MA-based biotech developing DNA-based medicine

Centana Growth Partners, Catalyst Investors, Blue Heron Ventures, Peterson Ventures, and Springtide Ventures
Tava Health
$40M
Salt Lake City, UT-based behavioral health company

Cure Ventures, The Column Group, and AN Venture Partners
Tortugas Neuroscience
$106M
Framingham, MA-based neurology-focused biotech

Drive Capital, Access Industries, Nvidia, Fidelity, and NEA
Vast Data
$1B
New York City, NY-based enterprise storage company

April 29th, 2026|Categories: Scherzer Deal Report|Tags: Private Equity, Venture Capital|

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