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Intelligence

Advent International and CEMEX partner to develop NEORIS

Advent International (Advent), a global private equity investor, is to partner with CEMEX to accelerate the growth and development of NEORIS, a digital accelerator and business partner to some of the largest companies in the world. With Advent’s support, NEORIS will deepen its focus on cutting-edge, high-growth verticals such as

Backstop Solutions appoints first chief information security officer

Backstop Solutions Group, a cloud-based productivity suite for institutional and alternative investors, has appointed Michael Neuman as the company’s first chief information security officer (CISO). As CISO, Neuman will lead Backstop’s efforts in elevating compliance standards internally, and providing strategic counsel to Backstop’s clients to help them better adhere to

Brewer Lane Ventures adds two to operating partner team

Brewer Lane Ventures (BLV), a Boston-based venture capital firm focused on investing in the future of financial services, has appointed Douglas Kim as operating partner. David Castellani, formerly operating principal at Brewer Lane Ventures, has also been promoted to operating partner. Kim will partner with portfolio company founders to provide

Revolution Growth leads $150m Meati Foods series C funding round

Meati Foods, the creator of Eat Meati alternative whole-food proteins made from mushroom root, has raised $150 million in a Series C investment round led by Revolution growth.   Existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next,

KKR completes majority investment in apexanalytix alongside Carousel Capital

KKR has completed its acquisition of a majority stake in apexanalytix (apex), a provider of supply chain risk management software and services. Following the purchase, apex’s largest prior shareholder, Carousel Capital (Carousel), a private investment firm that invests in companies located in the Southeastern United States, continues to hold a significant

G2 Venture Partners appoints partner

G2 Venture Partners, a venture capital firm focused on emerging technologies driving sustainable transformation across traditional industries, has promoted Jake Tauscher to partner. Tauscher first worked with the G2 team in 2019 as an intern, then joined full-time as an Investor in 2020. He is a board observer at G2

Ardian’s new secondaries fund attracts $10bn to date

Multistratgey asset manager Ardian’s latest secondary fund has attracted capital commitments of around $10 billion so far, according to a report by The Wall Street Journal. The report cites unnamed sources as confirming that the fund, Ardian Secondaries Fund IX, which will focus on acquiring secondhand stakes in private equity

Edelman launches global financial comms boutique

Edelman has launched Edelman Smithfield, a financial communications boutique that specialises in financial markets and strategic situations, serving clients in the United States, EMEA, Asia and beyond.

TPT Retirement Solutions DC Master Trust to make c£75m impact investment

TPT Retirement Solutions, a UK-based workplace pension scheme, is to make a c£75 million impact investment through its defined contribution (DC) Master Trust default fund. Members of TPT’s DC default investment strategy, whose investments are advised by AllianceBernstein, will over the long-term, increasingly see their pensions allocated to investments nurturing

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