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Intelligence

Cybersecurity company Expel secures USD20m in Series B funding

Expel, a company that replaces what organisations spend on managed security service providers (MSSPs), announced it has secured USD20 million in Series B funding led by Scale Venture Partners, a Silicon Valley-based venture capital firm investing in the future of work. Ariel Tseitlin, a partner at Scale Venture Partners, will

EQT completes purchase of majority stake in Spirit Communications

The EQT Infrastructure III fund (EQT Infrastructure) has completed its majority stake investment in Spirit Communications. With the transaction complete, Spirit will be combined with Lumos, which was acquired in November 2017. The combination of Spirit and Lumos creates a super-regional fibre network stretching from Pittsburgh to Atlanta, with the

Cotton Creek Capital expands investment team

Cotton Creek Capital, a Texas-based lower middle market private equity firm, has added Blake Tilley to its investment team as an Associate.  Prior to joining Cotton Creek Capital, Tilley was a Financial Analyst in the Global Industrials Group at Robert W Baird & Co, a wealth management, capital market, private

AXA Strategic Ventures rebrands as AXA Venture Partners

Global venture capital firm AXA Strategic Ventures is rebranding and will now be known as AXA Venture Partners. AXA Venture Partners, a USD450million venture capital firm backed by AXA, has participated in 32 deals since 2016, making it the most active venture capital firm backed by an insurance company, according

Audax Private Equity sells Wheel Pros

Audax Private Equity (Audax) has completed the sale of Wheel Pros to Clearlake Capital, a private equity firm based in Santa Monica, California. Wheel Pros, headquartered in Denver, CO, is a leading designer, marketer, and distributor of branded aftermarket wheels, performance tires and accessories.   Geoffrey S Rehnert, Co-Chief Executive

VCT fundraising for 2017/18 closes on all-time high

The Association of Investment Companies (AIC) has published the fundraising figure for the Venture Capital Trusts (VCTs) sector, which raised GBP728 million for the 2017/18 tax year, the second highest amount since the inception of VCTs and an increase of 34 per cent on last year’s figure (GBP542 million). It

Ilya Riskin, Aksia

Aksia hires Barclays Senior Analyst to team

Aksia, a specialist research and portfolio advisory firm for hedge fund, private credit, and institutional investors, has appointed Ilya Riskin as a Senior Analyst in the firm’s Investment Research Team in New York. Riskin (pictured), had been at Barclays for over 12 years, most recently as a Vice President in

Greater back office due diligence on PE funds is a positive for the industry

The focal point of institutional investors has changed over time with respect to how operational due diligence (ODD) or the risk assessment of non-investment functions is applied to private equity and real estate GP’s and Investment managers.  Although a well-established process in hedge fund investing, it is still a relatively

Adam Stern, PPB Capital

US RIAs struggle to manage private alternative investments, says survey

A survey of US RIAs by PPB Capital Partners has found that while firms are encouraged to provide customised alternative investment solutions for high net-worth clients, such funds prove unwieldy and expensive to operate.  Among respondents, 62 per cent described operating private illiquid funds in their wealth management practice as

shaking hands

Carey Olsen Bermuda develops corporate team with partner hire

Offshore law firm Carey Olsen Bermuda has appointed Mary Ward as a partner in its corporate practice. Ward will join Carey Olsen Bermuda after 15 years at Conyers Dill & Pearman. Prior to her arrival in Bermuda, Ward worked for international law firms Linklaters in New York and Slaughter and

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