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Intelligence

Crowdfunding platforms difficult to compare, says FCA

It is difficult for investors to compare loan-based and investment-based crowdfunding platforms with each other or to compare crowdfunding with other asset classes due to complex and often unclear product offerings, the Financial Conduct Authority (FCA) says. The regulator also says it is difficult for investors to assess the risks

Gary W Parr, Apollo

Apollo Global Management appoints senior managing director

Apollo Global Management has appointed Gary W Parr as a senior managing director and co-chairman of the firm’s management operating committee. Parr (pictured) reports to Joshua Harris, co-founder and co-chairman of the management operating committee.   “We are thrilled to welcome Gary to Apollo, and we believe he will be

CVC to acquire Corialis from Advent International

Private equity firm CVC Capital Partners has entered into final exclusive negotiations with Advent International to acquire Corialis (Core Innovative Aluminium Integrated Solutions). Founded in 1984 and headquartered in Belgium, Corialis is a European supplier of aluminium profile systems for windows, doors, sliding elements, roof systems and conservatories.   The

Marlin-backed QualiTest appoints CFO

Marlin Equity Partners’ portfolio company QualiTest Group, a software testing and quality assurance specialist, has appointed Sanjay Jawa as group chief financial officer (CFO). Jawa brings over 25 years of financial management expertise to the executive team, with extensive experience in senior, financial and operational roles for international growth firms,

Allianz Deborah Zurkow

AllianzGI adds two private debt teams

Two investment teams from Allianz Investment Management (AIM), part of Allianz Group, are to join AllianzGI’s expanding global private debt platform. Alongside Sound Harbor Partners, the US private credit manager AllianzGI announced it was acquiring last week, these new teams will form the core of a broad private debt platform

Exco InTouch acquired by ERT

Scottish Equity Partners-backed Exco InTouch, a provider of patient engagement, data capture and digital health solutions for the clinical research and healthcare industry, has been acquired by ERT, a provider of patient data collection solutions for use in clinical drug development.   The combined organisation will provide the biopharmaceutical industry with electronic clinical outcome assessments (eCOA), patient engagement and

ClearlySo launches ATLAS impact assessment solution for investors

ClearlySo has launched ClearlySo ATLAS, an impact assessment solution for private equity and venture capital investors. Octopus Ventures, a London based venture capital firm, is the first customer to go-live and is in the process of rolling out the solution across its portfolio.   ClearlySo ATLAS helps private equity and

CVC Capital Partners hires head of US healthcare

Private equity firm CVC Capital Partners has appointed Fazle Husain as a partner and head of US healthcare. Husain will be based in CVC’s New York office and will join the firm in January.   Husain joins CVC from the private equity firm Metalmark Capital where he was head of

New Water Capital promotes Ravenna to VP

New Water Capital Partners, a Boca Raton-based private equity investment firm focused on lower-middle market companies in transition, has promoted Andrew Ravenna to vice president. Since joining New Water Capital as a senior associate, Ravenna has been instrumental to the growth of the fund and a key factor to the

KKR closes USD711m technology growth fund

KKR has held the final closing of KKR Next Generation Technology Growth Fund (NGT), a USD711 million fund dedicated to growth equity investment opportunities in the technology, media and telecommunications (TMT) space in North America, Europe and Israel. The fund is focused on generating strong returns for investors by investing

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