CapX Partners, a specialty finance company, has closed its latest fund with total commitments of USD225m. CapX IV closed at the end of 2012 with USD75m of private capital. With its SBIC Debenture License, CapX IV now has access to an additional USD150m in debenture leverage funding from the SBIC.
Venture capital trusts managed by NVM Private Equity have launched a linked top-up offer for subscription to raise up to GBP4m for each fund. Northern Venture Trust was launched 17 years ago and has net assets of GBP63m. Northern 2 VCT was established 13 years ago and has net assets
Galena Asset Management, which offers investment opportunities through specialised commodity funds, has closed the first tranche of its Private Equity Resource Fund at USD275m. The fund will invest in equity and debt of small to medium-sized metals and mining companies in development or production stages. Galena Asset Management will
Optimism about the economy built slowly but steadily in the second half of 2012 among US small and mid-sized businesses, some of which are likely to seek more credit in 2013 as they become increasingly confident in business fundamentals. A new Greenwich Market Pulse revealed that owners and executives of
Former Bain consultant Yoav Bergman, renewable energy fund manager Matthew Brown, real estate professional and former investment banker Patrick Donovan and film production, acquisition and distribution executive and finance consultant Shane Starr have teamed up to launch Tamra-Tacoma Capital Partners, a USD500m alternative investment firm. Tamra-Tacoma’s mandate is to deliver
Templeton Emerging Markets Group has made a successful exit from all investments held in the Templeton Strategic Emerging Markets Fund II (TSEMF II). TSEMF II was established in 2005 and is led by Mark Mobius, executive chairman of Templeton Emerging Markets Group. The USD132.5m TSEMF II generated a net
Some 70 per cent of VCT managers report that portfolio companies have been net recruiters over the last year, with a further 80 per cent expecting net recruitment next year, according to a poll by the Association of Investment Companies (AIC). Some 88 per cent of VCT managers expect overseas
Tower Fund Services has launched as a new fund administration firm for alternative investment managers. The firm provides a full spectrum of tailored outsourced solutions for hedge funds, funds of funds, multi-manager platforms, private equity, venture capital and real estate funds. Its suite of services includes fund start-up, accounting, valuation,
Inflation can be good for governments, reducing the real value of government debt, but it reduces living standards for those whose incomes are not protected from rises in the rate of inflation. Keynes called it “Euthanasia of the rentier”, and savers should be under no illusions as the long-term effect
Clearlake Capital Group has closed its third private equity fund, Clearlake Capital Partners III, with more than USD785m in equity commitments. Clearlake III exceeded its original target of USD600m and its original hard cap of USD750m. Clearlake now has approximately USD1.4bn of capital under management. The firm invests in special
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