Guernsey’s position as a leading fund domicile has been further endorsed by a series of new administrators and managers establishing a presence in the island. J.P. Morgan and BNY Mellon have both added their names to the roster of fund administrators in Guernsey. BlueCrest Capital Management – one of Europe’s

New York University plans to create a USD20m venture fund to spur the commercialisation of select technologies developed at NYU and to provide seed funding for start-up companies based on those technologies.    The fund – which will be almost entirely funded from external sources – is expected to make

Mid-market private equity firm LDC has sold its stake in Kylmar, a designer and manufacturer of sensor and optical surveillance systems for military and security applications. The Andover-based company has been acquired for an undisclosed sum by General Dynamics UK.   The deal provides an attractive return for LDC, which

Linden, a Chicago-based healthcare focused private equity firm, has completed fundraising for Linden Capital Partners II, which closed with USD375m of committed capital and exceeded its target of USD300m and initial cap of USD350m. Linden’s second fund continues the strategy from its first fund, executed through industry specialisation in healthcare

ClearBridge Energy MLP Fund has raised approximately USD1.268bn in its common stock offering, assuming full exercise of the underwriters’ overallotment option. Its shares have begun trading today on the New York Stock Exchange under the symbol CEM. The fund’s investment objective is to provide a high level of total return

YRC Worldwide has entered into a definitive agreement to sell a portion of its YRC Logistics business to Austin Ventures, a private equity investor. This logistics business will operate as a private company owned by Austin Ventures. The sale will form the basis for a new company specialising in international

Origo Partners has made an investment of up to USD6.65m for a 20 per cent equity stake in Jinan Eco-Energy Technology, a Chinese provider and operator of recycling systems for waste plastic and scrap-tyres. This investment represents the third in a series of shortlisted investment opportunities for which Origo raised

Investment and advisory firm Manfield Partners has acquired WaverleyTBS, a supplier to the on-trade drinks sector, from Heineken UK. WaverleyTBS supplies 31,000 national and independent free trade outlets throughout the UK. It supplies a full of range beer, cider, spirits, wine and soft drinks. The company generated GBP500m of sales

DFJ Mercury, a seed and early-stage venture capital firm investing in IT, advanced materials, and bioscience companies, had closed DFJ Mercury Fund II with USD70m in total commitments.  As part of Fund II, several new institutional investors joined the support already provided by DFJ Mercury Fund I’s high-net-worth and family