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Northlane Capital Partners adds Discovery Data to portfolio

Bethesda, Md.-based middle-market private equity firm Northlane Capital Partners invested an undisclosed sum in Discovery Data Holdings Inc., alongside existing Discovery Data management.

Discovery Data, which has main offices in Eatontown, N.J., and Englewood, Colo., provides a software-as-a-service solution for identifying and reaching firms and professionals in the financial services and insurance sectors.

Bob Herrmann will continue to lead Discovery Data as CEO.

SunTrust Robinson Humphrey, led by Jamie Hamilton and Mike Adams, was Discovery Data's financial adviser.