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Intelligence

Venture capitalists urge legislators to protect SMEs from AIFM Directive

Venture capital association leaders from around the world have expressed strong concern regarding the proposed European Alternative Investment Fund Managers Directive set to be voted on within the next month. The Global Venture Capital Congress, which gathered for its inaugural meeting last week at Hobart and William Smith Colleges in

Perella Weinberg opens office in Abu Dhabi

Perella Weinberg Partners, a financial services firm providing corporate advisory and asset management services, has opened its latest office in Abu Dhabi, United Arab Emirates. The announcement accompanies the recent addition of Jameel Akhrass and Nabil F. Lahham as partners of the firm. Akhrass and Lahham will focus on growing

Clairvue Capital Partners hires Rachael Felker as asset manager

Clairvue Capital Partners, a real estate private equity investment fund manager, has hired Rachael A. Felker as an asset manager.  She will report to Clairvue’s founding partners, Jeffrey Giller and Brendan MacDonald, and undertake responsibilities related to the management and administration of Clairvue’s investment portfolio. Prior to joining Clairvue Capital

Highland Capital names Laurence Garrett general partner

Highland Capital Partners, a venture capital firm, has hired Laurence Garrett as a general partner. Based in Highland’s Geneva office, Garrett will work to identify, fund and grow Europe’s most promising technology and internet companies. "We are focused on partnering with leading entrepreneurs with the ambition to build breakthrough companies

Advantage Capital faces FSA shut down

UK private equity firm Advantage Capital is facing closure by the Financial Services Authority for breaching minimum capital requirements in what would be the first action of this kind against a private equity firm. Mark Spinner, private equity partner and head of the corporate team at law firm Eversheds, says

Adrian Odell, head of funds at Crill Canavan

Law firm introduces new fund structure for Jersey

A new fund structure for Jersey has been devised by Jersey-based law firm Crill Canavan and fund administrator Herald Fund Services. The Standard Form Expert Fund, the first fund of which has been approved by the Jersey Financial Services Commission, aims to cut the time and cost involved in setting

Hans Hufschmid, GlobeOp chief executive officer

GlobeOp names George Evans head of business development

GlobeOp Financial Services has appointed George Evans as head of business development. Evans reports to Hans Hufschmid (pictured), GlobeOp chief executive officer, and is based in the company’s New York City office. He is also a member of GlobeOp’s operating committee. "As demand for GlobeOp’s services continues to grow in

Court confirms Almatis’ Dubai-led refinancing proposal

The Bankruptcy Court for the Southern District of New York has confirmed the Almatis Group’s amended plan of reorganisation sponsored by Dubai International Capital, the international investment arm of Dubai Holding. DIC is confident of a strong future for Almatis which has performed well since rebounding from the global downturn,

Institutional Venture Partners promotes Melanie Chladek to administrative partner

Institutional Venture Partners, a later-stage venture capital and growth equity firm, has promoted Melanie Chladek to administrative partner and chief financial officer.  She is responsible for managing the firm’s financial, operational and administrative activities.  Chladek was instrumental in the closing of Institutional Venture Partners XIII, a USD750m later-stage venture capital

General Atlantic invests in Chinese real estate internet portal

Growth equity firm General Atlantic has agreed to invest USD163m to acquire a 19 per cent stake in SouFun Holdings at its IPO price from Telstra, the selling shareholder. GA will be partnering with Apax Partners, which will invest an equal amount on the same terms. SouFun is the largest

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