Frontera, Siemer Tie On New Venture Capital Effort

Santa Monica-based investment bank "Siemer & Associates and venture capital investment group Frontera Group said Tuesday afternoon that the two have joined forces, and have created a new venture group called Siemer Ventures. According to Managing Director Eric Manlunas, the two firms decided to combine efforts in their investment efforts, however, will operate completely independently of the Siemer & Associates investment banking operations. Frontera Group, which was co-founded by Manlunas, has been investing in companies for the last nine years. The two groups said they have been co-investing in firms for a number of years.