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Intelligence

NYSIF supports SEC’s proposal to reform private funds

The New York State Insurance Fund (NYSIF) has sent a letter to the Securities and Exchange Commission (SEC) in support of the SEC’s proposal to strengthen private funds regulation, including private equity, venture capital, and hedge funds.

NYSCR commits further $2.8bn to private markets

The New York State Common Retirement Fund ($278 billion AuM) has steadily increased its allocations to private markets, and has finished Q1 at $2.8 billion, according to a report by Alternatives Watch. The pension fund has increased its exposure to private equity, credit, real estate and hedge funds, with its

South African pension fund to invest $1.6bn in unlisted companies

The Government Employees Pension Fund in South Africa is looking to invest ZAR25 billion ($1.6 billion) in private firms, according to a report from Bloomberg. A joint statement from GEPF and the Public Investment Corp (ZAR2.1 trillion AuM) reveals that all investment decisions will be made by the PIC. Financial

BlackRock fundraising up to $4bn for new private credit fund

As the private credit sector booms to over $1 trillion, mammoth asset manager, BlackRock is in the market for private credit opportunities and is looking to raise a total of $4 billion. This follows the 2019 Global Credit Opportunities fund, which raised around $2 billion. BlackRock has already raised half

Sidekick raises $55m in Series B round led by Novator Ventures

International digital therapeutics leader Sidekick Health has raised $55 million in a Series B funding round led by London-based venture capital firm Novator Ventures. Wellington Partners, Asabys Partners, and Frumtak Ventures also participated in the round along with a US-based strategic investor that will be revealed at a later stage. 

TIMIA Capital to acquire Brightpath Capital

TIMIA Capital Corporation (TIMIA), a specialist in private credit, is to acquire Brightpath Capital Corporation and Brightpath Residential Mortgage LP I (collectively, Brightpath), a Canadian private provider of residential mortgages focused on Ontario and British Columbia, for a purchase price of approximately $30.5 million. The deal price comprises a combination

NPIF – Maven Equity Finance reaches £60m investment milestone

Maven Capital Partners (Maven) has announced it has reached an important milestone as it celebrates £60 million of investment in North West businesses from NPIF – Maven Equity Finance which is part of the Northern Powerhouse Investment Fund (NPIF).  It also reaffirms Maven’s position as one of the UK’s most

Nordic Capital-backed ADVANZ PHARMA to acquire Intercept Pharmaceuticals’ non-US business

Nordic Capital-backed ADVANZ PHARMA Corp, a UK-headquartered pharmaceutical company with a strategic focus on specialty and hospital pharmaceuticals in Europe, is to acquire the majority of Intercept Pharmaceuticals’ subsidiaries and operations in Europe, Canada, and all other markets outside of the US. This includes the ex-US rights to commercialise Ocaliva

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