Hugh Stevens, head of Private Equity and Real Estate Services at BNP Paribas Securities Services

Coping with the demands of risk transparency

Today’s prevailing narrative is quite simple: heightened demands for a transparent view of investment risks are putting considerable pressure on private equity and real estate fund managers, and their service providers. »


James Williams, Hedgeweek

Luxembourg braces itself for increased PERE fund activity

According to figures released by ALFI at the end of July 2014, there were 3,891 funds with total assets of EUR2.90trn. By comparison, at the end of 2013 the size of Luxembourg’s fund industry was EUR2.61trn with 3,902 funds. During 2013 the number of sub-funds increased by 265 and there were 279 SICARs established. Between end-2012 and end-2013, the number of Specialised Investment Funds (SIFs) – Luxembourg’s most popular regulated fund vehicle – increased from 1,485 to 1,562. »


Handshake

Hastings adds to investment team in North America and Europe

Infrastructure manager Hastings has continued its expansion with three new appointments in the firm’s London and New York offices. »


Drugs

Norwest Venture Partners invests in digital health company Telcare

Digital health company Telcare has raised USD32.5 million in a Series C round of funding led by Norwest Venture Partners (NVP) and Mosaic Health Solutions with existing investors Sequoia and Qualcomm. »


Law books and gavel

Root Capital invests in legal firm Keystone Law

UK private equity firm Root Capital has completed an investment in ‘dispersed’ law firm Keystone Law. »


Gas pipes

RLJ Equity Partners’ LAI International acquires Zak Incorporated

LAI International, a portfolio company of RLJ Equity Partners, has acquired Zak Incorporated, a provider of precision machined and custom fabricated components for customers in power generation, specialty metals, and oil and gas. »


Survey

Institutional investors to focus on fewer key relationships, survey shows

More than half (57 per cent) of institutional investors plan to narrow down the number of different alternative asset managers they work with in the next 12 to 24 months, according to a survey by UBS Fund Services and PwC. »


Union Jack Pound

Cabot Square Capital makes a 12x return on sale of Equitix for GBP160m

Cabot Square Capital has agreed the sale of Equitix to a subsidiary of Tetragon Financial Group for GBP160 million.  »


Handshake

Orangefield appoints Anna Coutts Donald as director in UK office

Orangefield, a provider of corporate and fund services, has appointed Anna Coutts Donald as director at its UK office.  »


Australia

AVCAL welcomes investor visa reforms to support investment in Australian venture capital

The Australian Private Equity and Venture Capital Association (AVCAL) has welcomed Australian government plans to overhaul the Significant Investor Visa programme to encourage venture capital investment. »


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