Allocations
Tecum Capital has held the first closing of its second SBIC (Small Business Investment Company) fund having secured a license from the US Small Business Administration (SBA) for the fund’s operation.
This second fund, Tecum Capital Partners II, is fully subscribed at USD225 million, and will continue the strategies of its first SBIC fund by making mezzanine loans and minority equity investments across many industries.
"The second SBIC license is a significant achievement for Tecum Capital as it will help drive our long-term growth plans,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “This new fund
EMK Capital has held the final close on its first fund, EMK Capital Partners, at the fund’s GBP575 million hard cap.
The fund was raised from first meeting to final close in just eight months.
EMK is an independent firm, established to continue the investment strategy of the managing partners, Edmund Lazarus and Mark Joseph, at their predecessor firms Bregal Capital and Oakley Capital Private Equity.
The fund will focus on securing control or substantial influence predominantly in UK headquartered mid-market businesses where EMK has identified unrecognised and/or hard to realise value and where EMK can support companies
Independent fund and corporate services provider the Aztec Group has established two Jersey Private Funds (JPFs), the first funds to be formed since the regime’s inception on 18 April 2017.
Introduced last month by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
The Aztec Group worked closely with law firm Mourant Ozannes to establish the first new fund structures approved under the new regime. The first, a private equity fund, required a closed-ended limited partnership managed by its
Wellfleet Credit Partners, the credit business of private investment firm Littlejohn & Co, has closed a USD457.8 million collateralised loan obligation (CLO), Wellfleet CLO 2017-1, the fourth CLO issuance for the firm.
Benefitting from supportive market conditions and investor receptivity, CLO 2017-1 was upsized approximately USD50.0 million during marketing.
With the completion of this CLO, Wellfleet is managing four CLOs that total over USD1.5 billion in aggregate.
The CLO will be backed by a diversified portfolio of broadly syndicated senior secured loans. Five classes of notes rated Aaa through Ba3 by Moody’s and one class of notes rated
KV Private Equity has acquired Northern Lite Mfg as the first investment of KV Private Equity Fund.
Founded in 1989 and located in Kelowna, British Columbia, Northern Lite manufactures desirable high-end fibreglass truck campers, which are distributed throughout Canada and the US via its well-established dealer network.
“We are excited to have the opportunity to continue building this exceptional business. It is an honour that Mac will continue with us as a Director, and that his son Keith has agreed to join us as a shareholder, while also staying on as the general manager of Northern Lite,” says Jonathan
IK Investment Partners’ IK Small Cap I Fund is to acquire Messerschmitt Systems, a provider of access control and customised guest room management systems for the global hotel industry.
Financial terms of the transaction have not been disclosed.
Founded in 1994, Messerschmitt Systems’ multifunctional Room Management Systems and Access Control Systems are used by more than 2,000 hotels worldwide. Founded by Hartmut Messerschmitt, the company provides a fully integrated value chain from development, engineering and manufacturing to supply, installation and the related aftersales market.
“For more than 20 years, Messerschmitt Systems has set the standards in access control
Omnes Capital has used a capital development transaction to buy a core minority shareholding in Batiweb, a digital platform serving the construction sector that brings together building trade professionals and consumers.
Ardian, the independent private investment company, has sold its shareholding in the company.
At the same time, Batiweb has acquired Habitat Trade to expand its geographical footprint and gain high value-added expertise. This deal has given rise to the Batiweb Group. The combined group posted sales of close to EUR10 million.
With backing from Matmut Innovation and other co-investors, Omnes Capital’s Small Cap funds supported the LBO, which
The private equity credit and fund restructuring team of institutional alternative asset manager Crestline Investors has closed four transactions committing a combined total of more than USD200 million in capital.
Crestline also assumed governance rights across another USD250 million of capital contributed or rolled by existing investors.
The group, first launched in October 2016, pursues niche financing opportunities in the private equity markets by providing bespoke capital solutions, including preferred equity and flexible debt structures, to mature private equity funds approaching the end of their structural lives.
Recently closed deals encompassed a broad range of industries, such as
Adams Business Credit, a national asset-based lender, is to rebrand as Context Business Lending, bringing the firm in unison with the family of businesses and affiliates under Context Capital Partners, an alternative investment firm.
The newly named Context Business Lending will continue to focus on providing flexible working capital solutions for businesses that do not qualify for traditional bank financing.
Context Business Lending typically provides loans of up to USD15 million for lower middle-market businesses that may be experiencing some type of challenge, which may include: rapid growth; seasonal fluctuations; supply chain and vendor pressure; operating losses/negative net worth;
Edmond de Rothschild Asset Management’s BRIDGE (Benjamin de Rothschild Infrastructure Debt Generation) platform has now reached EUR1.2 billion and has tripled in size since the first closing of FCT BRIDGE I in July 2014 with EUR400 million.
The second closing of BRIDGE II has been completed, after a first closing in early December.
The fund brought together a group of new investors based in France, Belgium, Germany, Spain and Italy, as well as existing investors from the first-generation fund, FCT BRIDGE I.
BRIDGE II (Luxembourg law vehicle) is expected to reach its final closing by this summer, with similar
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
