Stability

Alternative asset managers stable despite risks of elevated dry powder, says Fitch   

Alternative Asset Managers continue to operate with elevated levels of uncalled investment capital, or dry powder, at a time when credit markets are frothy and valuations are high, according to Fitch Ratings.  »


Pounds and pence

Propelair completes Woodford-led GBP2.6 million equity funding round

Phoenix Product Development, which trades as Propelair, has completed a GBP2.6 million fundraising round led by the CF Woodford Equity Income Fund. »


Africa

African economies to face USD11.4 trillion investment shortfall by 2040, says report

Africa has the opportunity to quadruple living standards by 2040, but to do so it will need to find USD11.4 trillion in extra investment over that period. That’s according to a Capital Economics report commissioned by Jersey Finance. »


Euros

Target Partners invests in SaaS platform for agricultural businesses

Berlin-based trecker.com has secured EUR2.1 million in a Series A financing round led by venture capital firm Target Partners.  »


Preqin Hedge Fund Spotlight

Hedge fund institutional investors based in Asia-Pacific

An increasing proportion of investors in hedge funds are based in the Asia-Pacific region. Who are these investors and which strategies are they targeting? Preqin examines the hedge fund investor landscape within this dynamic region. »


Tax

IoD calls for VC tax break to drive investment to British businesses

The director general of the Institute of Directors (IoD) has called for investments in venture capital trusts to be given tax breaks to push funding towards British businesses. »


Water

Altium advises Castik Capital on GBP140m Waterlogic deal

International investment bank Altium has advised Castik Capital on its recommended cash offer for the entire share capital of Waterlogic, a global distributor of drinking water purification and dispensing systems.  »


Euros

Generator Hostels secures EUR60m of growth capital from Invesco

Patron Capital is selling a minority stake of up to 23 per cent of its portfolio company Generator to Invesco Ltd in exchange for up to EUR60m of growth capital. »


Data

HealthEdge completes investment in Data Dimensions

HealthEdge Investment Fund II has completed its investment in Data Dimensions, a healthcare related business process outsourcing and automation services provider, which becomes the fund’s fourth portfolio company. »


Fireworks

Conifer Financial Services celebrates 25 years in the industry

The Conifer Group, which merged with Vastardis Capital to form Conifer Financial Services – an asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs and traditional asset managers – is celebrating 25 years in the industry. »


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