Allocations
UK peer-to-peer lending platform Assetz Capital has now lent over a quarter of a billion pounds since its launch in 2013.
The alternative finance platform helps small and medium-sized British businesses and house builders acquire funding.
It is now providing secured loans totalling GBP25 million per month and has lent more than GBP55 million in 2017 to date.
Stuart Law, CEO and co-founder of Assetz Capital says: “Assetz Capital’s growth remains strong and shows no signs of slowing down. It’s testament to the fantastic team and our cautious yet flexible approach that means we’re celebrating our quarter
Deal sizes are returning to their pre-2008 levels owing to the “dry powder” accumulated by private equity firms, according to Joseph Cohen, a panellist at the 2017 Guernsey Funds Forum in London.
Cohen says this is resulting in a greater number of club deals in the buyout arena as private equity firms team up to complete their deals.
“It’s estimated that there’s about GBP500 billion of capital waiting for deals currently,” says Cohen, founding partner of Trilantic Capital Partners.
With annual fundraising levels also returning to their pre-2008 levels, coupled with a slower deployment rate, Cohen says
Fundamental Advisors, an alternative asset manager focused on special situations in municipal market and public purpose assets, has held the final close of its third private equity fund, Fundamental Partners III, with USD993 million in capital commitments.
Fundamental exceeded its target for Fund III.
A majority of Fundamental’s existing investors committed to the fund, alongside a diverse group of new investors including state and corporate pensions, foundations, financial institutions, and ultra-high net worth platforms.
Consistent with prior funds, Fundamental will invest Fund III in municipal and public purpose assets that are critical to the community, including affordable
Nautic Partners is to acquire, in partnership with the existing management team, Endries International and certain Endries related affiliates, from Ferguson Enterprises and its affiliates.
The transaction is expected to close within the next 45 days.
Endries is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide. From its headquarters in Brillion, WI and eight US and international distribution centres, Endries provides over 500,000 SKUs to its customer base. Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers
Audax Private Equity has completed the sale of Aavid Thermalloy to Boyd Corporation, a portfolio company of Genstar Capital Management.
Aavid, founded in 1964 and headquartered in Laconia, New Hampshire, provides a broad range of technologically advanced thermal management solutions for aerospace and defence, telecommunications, LED lighting, server, data centre, consumer electronics, transportation, and industrial applications to customers globally.
Since 2012, Aavid has completed seven acquisitions, expanding its geographic footprint and diversifying into new technologies and end markets.
Geoffrey Rehnert, co-chief executive officer of Audax, says: “The Aavid team has executed on its thesis of accelerating organic
The demand for infrastructure funds remains evidently strong. Last year, these vehicles raised USD62.9 billion in aggregate based on figures provided by Preqin*. In Q1 2017, that number had already reached USD29.5 billion; nearly twice the amount raised in Q1 2016 (USD16 billion).
“We’ve seen increasing interest in infrastructure deals, both listed and unlisted,” states Michael McCabe (pictured), Head of US Sales, MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group. “The number of deals in Q1 2017 for the US totalled USD50 billion and was fairly concentrated in the energy sector; natural resources, utilities, power
Infrastructure has become a key area of focus for institutional investors as they look to diversify their fixed income portfolios to access longer term, resilient credit opportunities for income-like returns. Within this asset class, infrastructure debt is on the rise as investment managers look to construct new debt vehicles: either to provide direct lending to infrastructure operators, to access well-established municipal bond markets, or to structure their own private lending programmes by issuing tranches of unlisted bonds.
Last September, Schroders established a new infrastructure finance capability designed specifically to help institutional investors access the asset class.
Commenting on infrastructure finance
Quinbrook Infrastructure Partners, an investment manager specialising in lower carbon and renewable energy infrastructure assets, has acquired Scout Clean Energy, a Colorado-based developer and operator of US wind power projects.
Terms of the transaction have not been disclosed.
Scout is developing a 1,600-megawatt (MW) pipeline of US wind power projects that in aggregate represents more than USD1.7 billion in total capital investment and would generate enough emissions free power to serve the needs of nearly a half-million American households.
Led by wind industry veteran Michael Rucker, the Scout development portfolio is currently diversified across nine US states.
FAB Partners, a global alternative investment platform, has completed the acquisition of a majority stake in Halkin Asset Management, a London-based alternative asset manager.
The combined company will be rebranded as Centricus and will continue to target returns across all asset classes, sectors and geographies for its investors.
Halkin is a London-based FCA-regulated and SEC registered multi-manager platform, offering portfolio management and advisory services. It provides complete solutions to early stage and established portfolio managers.
The transaction will support the expansion of Halkin’s onshore asset management capabilities, as well as its corporate finance advisory business.
The
Morgan Stanley Investment Management has raised more than USD125 million in final commitments for its first global impact fund, PMF Integro Fund I.
Launched in partnership with the Morgan Stanley Institute for Sustainable Investing, Integro invests in private equity funds that offer the potential for compelling financial return while demonstrating positive environmental impact, social impact or both.
The fund is managed by AIP Private Markets, the private markets solutions team within Morgan Stanley Investment Management.
“Sustainable Investing is an incredibly important part of our firm’s DNA, and the launch of Integro underscores our commitment to promote sustainable
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