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Intelligence

New York skyline

Abacus Group hires ConvergEx exec as chief financial officer

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has hired Jonathan Bohrer as chief financial officer, effective 30 June. Bohrer will be based in New York and will report to Chris Grandi, chief executive officer of Abacus Group.   Bohrer brings over 18

IPOs accelerate private equity exit activity in North America

Improving economic conditions in North America saw 2013 fuel the highest level of volume and values by entry enterprise value (EV) for private equity (PE) exits since 2006, according to EY’s annual North American PE exit study. The report, Returning to safer ground: How do private equity investors create value?

LogRhythm completes USD40m funding round

LogRhythm, a security intelligence company, has finalised a USD40 million round of new equity financing led by Riverwood Capital with participation by existing investors Adams Street Partners, Access Venture Partners and members of senior management, along with new investor Piper Jaffray. The proceeds will be used to accelerate investment in

Privacy Analytics raises USD3.5m led by Vanedge Capital

Privacy Analytics has raised USD3.5 million in a round led by Vanedge Capital, a Vancouver-based venture capital fund. Vanedge joins the BDC IT Venture Fund and the Ontario Institute for Cancer Research (OICR) as the primary investors in Privacy Analytics.   V. Paul Lee, managing partner for Vanedge, will join

Plane taking off

First aircraft deal launched on ablrate.com

Following its recent launch, ablrate.com has added the first aircraft deal to its peer-lending portal. The financing opportunity is for an ATR 42-500 turboprop, which is being leased by SATENA, a government backed regional airline in Colombia.   The deal is backed by a major European bank, and will pay a

Two fingers

NorthEdge Capital makes double promotion

NorthEdge Capital has promoted Tom Rowley to investment director and Phil Frame to investment manager. Rowley joined NorthEdge as investment manager at the start of 2013. He has played an instrumental role on the board of Jigsaw24 and was involved in the company’s recent acquisition of London-based Square Group, which

Money stack

DR capital raisings more than double in H1 2014

International companies continue to turn to US stock exchanges to connect with American investors for their IPOs and subsequent capital raising, according to BNY Mellon's Depositary Receipts 2014 Midyear Update. The first half of 2014 saw the highest level of DR capital raisings in the last three years. As of

Duane Morris adds health law partner and PE lawyer Ari J Markenson

Ari J Markenson has joined Duane Morris’ health law practice group as a partner in its New York office. Markenson bolsters the firm’s national health law practice group, particularly in the area of healthcare M&A, regulatory work and private equity.   Markenson joins the firm from Benesch, Friedlander, Coplan &

All companies in La Française Group are now authorised AIFMs

La Française Group has obtained AIFM approval for all its management companies. By capitalising on its experience in the registration of UCITS funds internationally and now its AIFM status, the La Française Group is able to extend its services across Europe.   The following Group management companies have obtained AIFM approval:

Carne Group opens office in the Channel Islands

Carne Group, a provider of governance and oversight services for asset managers, has opened a new office in the Channel Islands. Joining Carne as managing director responsible for the Channel Islands is Mark Hodgson, who will be available immediately to serve as an independent director on Jersey and Guernsey fund

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