Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

The curious case of Matt Blodgett

January 29, 2014: 2:15 PM ET
Matt Blodgett, (former) partner at North Bridge Growth Equity

Matt Blodgett, (former) partner at North Bridge Growth Equity

North Bridge Growth Equity seems to be down a partner, even if it won't talk about it.

FORTUNE -- On Monday morning, I received a tip that Matt Blodgett had left North Bridge Growth Equity. My immediate reaction was "that can't be true." After all, the guy had been promoted to general partner just last August, two months before the firm closed on a new $580 million fund. Moreover, he led a new deal in December and was responsible for Proto Labs (PRLB), which is NBGE's only portfolio company to have gone public.

But I went to the North Bridge site, and saw that Blodgett was no longer on it. So I called North Bridge and asked for him. I was transferred to his assistant, who offered to leave a message. When I noted that Blodgett was no longer on the website, she sounded surprised. Nothing to see here. I also sent an email to his North Bridge account, which didn't bounce back.

Related: North Bridge loses two partners

So I rang up North Bridge's outside PR rep at Edelman, who said she'd find out what was going on. That was Monday afternoon. Since then I've rang her cell a few times and dropped two more emails. No reply whatsoever. Similar radio silence from a pair of North Bridge partners I reached out to. And, when I called this morning, the front-desk receptionist was still pretending like Blodgett was at his desk.

I wish this was the part where I tell you what's really happening, but the truth is that I've only heard idle speculation. What I am now certain of, however, is that Blodgett left abruptly late last week. And apparently it wasn't about him taking another job elsewhere.

As for his portfolio companies, no new news yet. A Proto Labs spokesman says that Blodgett remains on its board of directors, while a spokesman for WP Engines (the new deal he did last month) declined to comment.

Hopefully I'll have something to share on this shortly. At the very least, this is all very, very strange.

Sign up for Dan Primack's daily email newsletter on deals and deal-makers: GetTermSheet.com

Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.