California firm

A California company has licensed potent anti-measles antibodies from Vanderbilt Health to develop them for clinical testing. The agreement moves laboratory research on measles-fighting antibodies toward potential treatments, at a time when measles cases have been resurging in parts of the United States and abroad and health officials are pressing for stronger tools to prevent and treat outbreaks.

HGGC is a private equity firm based in Palo Alto, California, that invests in middle-market companies, with a particular focus on technology and services businesses. The firm pursues buyouts and growth investments in mid-sized companies across these sectors, positioning itself as an active investor in the middle-market technology and services space.

The comment period has closed on California's Office of Health Care Affordability's proposed emergency regulations, which would expand reporting requirements for health care transactions involving private equity firms, hedge funds, and management services organizations. The rules would require more disclosure of financial backers behind deals in the state's health care market. Stakeholders in health care and investment communities are weighing the impact on deal activity and oversight.

Private equity real estate firm Sterling Organization has acquired a portfolio of grocery-anchored shopping centers totaling 277,057 square feet across California and Hawaii. The deal adds to the Florida-based firm's growing presence in West Coast and island markets, where grocers serve as anchor tenants drawing steady foot traffic. Trade press flagged the acquisition as part of Sterling's broader strategy of investing in necessity-based, grocery-anchored retail.

Marcus & Millichap has arranged the $7 million sale of a retail center in San Jose, California. The commercial real estate brokerage announced the transaction, which adds to recent deal activity in the Bay Area retail property market. The buyer and seller were identified in the firm's announcement, and the sale reflects continued interest in neighborhood retail assets despite broader market uncertainty.