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Private Equity Week Wire for Thursday 10/19

? IRVINE, CA – IntraLase Corp., the world’s leading developer of femtosecond laser technology and a new, safer approach to the surgical correction of vision, announced today it has successfully completed its largest financing round to date totaling $22 million. “This latest financing means we are now poised to begin the commercialization of IntraLASIK(TM), The All Laser Solution(TM) for vision correction,” said Randy Alexander, the company’s president and CEO. “We will use this funding primarily to build the manufacturing infrastructure needed to ramp up increased production of our patented Pulsion(TM) FS Laser, as well as for our sales and marketing efforts, and clinical field support for refractive surgeons performing IntraLASIK.” The Pulsion FS Laser received clearance from the FDA in December 1999, and will make its debut at the American Academy of Ophthalmology Meeting in Dallas later this week. ? NEW YORK — ING, through its ING Furman Selz Asset Management subsidiary, and Pomona Capital today announced a strategic partnership to create a large, global private equity fund of funds investment business. The relationship will provide Pomona with the capital access and global reach to build on its proven track record in the secondary and primary “fund of funds” businesses. Pomona Capital will be ING?s private equity fund of funds investment manager. Pomona will provide ING with a strong base in the rapidly growing private equity fund of funds and secondary investment business. ING will be an investor in future Pomona funds and will be a significant source of distribution for its funds. Pomona will provide access to its private equity funds, which are often closed to new investors, to ING, its affiliates and clients.

? AUSTIN, TEXAS — Leading Management Service Provider (MSP) TriActive today announced completion of its second round of venture capital financing. The $17.3 million round takes the company to cumulative private funding of $24 million. The funding round is led by new investor Sierra Ventures, based in Menlo Park, Calif., and includes the existing investors, national venture capital firm TL Ventures and Menlo Park-based El Dorado Ventures.

? SAN FRANCISCO — Allegis Capital, a leading venture capital company that focuses on seed and early stage funding for broadband, wireless and media-related technology investments, announced today that Leo Hindery, Jr. has joined in an advisory capacity as a Venture Partner and member of the advisory board. Mr. Hindery brings more than 30 years of operational and technology expertise in telecommunications, media, cable and Internet technologies to the industry’s premier media technology venture firm. In this capacity, Mr. Hindery will help provide strategic direction around key Internet, communications and technology-related investments, as well as bring management and partnership expertise to portfolio companies.

? NEW YORK — Securitas Capital, LLC announced today the closing of Securitas Ventures, L.P., a new global private equity fund dedicated to investments in early-stage companies that are focused on transforming the insurance industry through innovative business models. The fund has committed capital of US $100 million. Securitas Capital, a global equity investment firm, manages the Securitas Fund, a private equity fund focusing on investments in the insurance and related sectors, with US $500 million of committed capital with a focus on companies at a later stage of development. Together the two funds now represent US $600 million of committed capital able to support and sponsor a wider spectrum of opportunities in the insurance and related services sectors.

? PITTSBURGH– ElderVision, a recently launched e-services company for the senior living market, announced that it has secured $1.8 million in new funding, most of the round coming from founder and CEO Jeffrey Pepper.

? SO. SAN FRANCISCO, CA — Stentor, Inc, a world leader in enterprise-wide medical image distribution, today announced the company has raised $20 million in a second round of financing led by Gilo Ventures. EMC Corporation joined with early investors Caduceus Capital and Sanderling Biomedical Venture Capital. The funds will be utilized for North American expansion of iSite(tm), Stentor’s medical imaging management distribution system, expansion of the company’s customer service infrastructure, product engineering, continuing research and development of next generation products and expansion of sales and marketing activities.

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