Participated · Debt Financing · Jan 2018

QuVa Pharma is an FDA-registered national, industry-leading 503B outsourcing services company that provides hospitals with essential medications in ready-to-administer injectable formats. The company emphasizes cGMP compliance, sterile pharmaceutical manufacturing, and high quality and safety standards. QuVa operates roughly 300,000 sq. ft. of capacity across four facilities and maintains a 200-SKU product portfolio. It serves approximately 2,000 hospital customers. The company highlights customer-focused services, transparency, and a patient-safety orientation to help hospitals meet patient care and operational needs. The announced financing is intended to help QuVa add more hospitals to its platform and expand its product portfolio. QuVa Pharma operates a platform for sterile compounding pharmacy services, offering a broad product portfolio across Pain Management, Anti-infective, OR Syringes, Labor and Delivery and other therapeutic areas. Its products are released only after sterility and potency testing with validation supporting appropriate beyond-use dating (BUD). The company has facilities in Sugar Land and Temple, Texas, and in New Jersey. QuVa plans to use the new funding to expand operations in Texas and accelerate completion of its New Jersey facility. By the fourth quarter it expects to have 240,000 square feet of 503B registered manufacturing capacity and roughly 500 employees. The company is led by co-founder and CEO Stuart Hinchen and has raised approximately $200M in total to date. QuVa Pharma is a newly formed national platform for sterile compounding pharmacy services that provides compounded sterile preparations to hospitals across the U.S. The company acquired the assets of Healix’s 503B compounding pharmacy services unit and operates a manufacturing facility in Sugar Land, Texas. That facility is registered with the U.S. Food and Drug Administration as an Outsourcing Facility under Section 503B. QuVa plans to use new capital to support creation, expand current operations, and open additional locations. The company expects to retain all current employees at the acquired facility and to grow the facility’s capacity and staff over time. Leadership includes co‑founders Stuart Hinchen (CEO) and Peter Jenkins (Chief Development Officer).

Led · Debt Financing · May 2014

SingleHop, founded in 2006 and led by CEO Zak Boca, is a Chicago-based provider of cloud infrastructure (IaaS) and managed hosting for SMBs, enterprises and service providers. The company offers a platform for cloud IaaS and managed hosting and operates data centers across the U.S. and Europe. SingleHop serves more than 4,000 customers in over 124 countries. In May 2014 it secured $14.8M in venture debt financing from Silicon Valley Bank and Farnam Street Financial. This financing was added to the company’s 2012 Series A of $27.5M led by Battery Ventures. SingleHop said it will use the proceeds to continue to grow, further build out its technology products and services, and make strategic investments. SingleHop provides cloud infrastructure and an automated proprietary management platform called LEAP that lets clients deploy and manage web infrastructure from a unified interface. The company has shown rapid traction—ranking No. 25 on the Inc. 500 list after moving up from No. 58 the prior year. SingleHop operates two Chicago-area data centers and has more than 10,000 servers online, serving clients in 114 countries. The firm has about 80 employees. Management says the company will use new funding to accelerate growth and expand its footprint. Next on its roadmap is opening a data center facility in Phoenix.

Participated · Equity · Jan 2014

Codero is an infrastructure and technology enabler that provides dedicated, managed and hybrid cloud services and facilitates adoption of advanced and custom cloud and technology solutions. The company is led by CEO John Martis and serves over 3,500 customers worldwide. On April 4, 2018, Codero closed a financing to support its transformation to a managed cloud service provider. Proceeds from the offering were used to repay the company’s existing senior indebtedness and to supplement available working capital. The company framed the financing as part of accelerating its transition and continued investment in managed cloud capabilities. Codero Hosting is an Austin, Texas–based provider of dedicated, managed, cloud and hybrid hosting services for businesses of all sizes globally. Led by president and CEO Emil Sayegh, the company delivers on-demand hosting solutions and operates data centers in Phoenix, Arizona and Ashburn, Virginia. Codero received $8M in financing from backers that included Silicon Valley Bank and Farnam Street Financial. The company intends to use the capital to deploy new data centers across the U.S. and Europe. It also plans to expand its hosting portfolio to serve more customers and multiple data center locations.