PRIVATE EQUITY

Thayer Capital Partners, a Washington-based corporate buyout fund manager, said Hidden Creek Partners was integrated into Thayer. Hidden Creek was formed in 1989 in Minnesota to do buyouts in the automotive and industrial sector with funding from Canadian conglomerate Onex Corp. Scott Rued, who joined Thayer as a managing partner in 2003, is the former chief executive of Hidden Creek. Four Hidden Creek executives will become Thayer managing directors. Separately, Thayer managing director Douglas P. McCormick was promoted to managing partner.

Asset Capital Corp., a Bethesda firm that invests in commercial real estate in the Washington area, sold $75.8 million of common stock in a private offering managed by Friedman, Billings, Ramsey. The stock sale was in the form of a 144a offering, which typically requires the company use its best efforts to conduct a public stock offering within three months. Asset Capital is run by longtime Washington area real estate investors Peter C. Minshall, Blair D. Fernau and William B. LeBlanc III. The company will buy, reposition and sell properties between Baltimore and Richmond.

Evolvent Acquisition Corp., a Falls Church holding company for information technology firm Evolvent Technologies, sold $3.8 million in preferred stock, debt and stock warrants to five investors, according to an SEC filing. Beneficial owners, according to the filing, are Evolvent's three top executives and Washington Prudent Capital.

Availink Inc., a Germantown communications semiconductor and equipment maker, sold $4.2 million of Series A preferred stock to two investors, according to an SEC filing. Beneficial owners of the firm included venture firms New Enterprise Associates of Reston and BlueRun Ventures of Menlo Park.

ObjectVideo Inc., a Reston video software firm headed by Proxicom founder Raul Fernandez, sold $5 million of Series D preferred stock to 39 investors, according to an SEC filing. The company's venture backers include Updata Venture Partners of Reston, Novak Biddle Venture Partners of Bethesda, ABS Ventures of Massachusetts, and CMGI at Ventures of Massachusetts.

Compiled by Terence O'Hara.