Allocations
Ropes & Gray advised HongDao Advisors (HongDao) on the successful closing of three of its recent investment transactions. Ropes & Gray acted as HongDao’s legal counsel on all three transactions.
In February 2016, HongDao investment funds invested over USD 10 million in Lagou Information Limited and subscribed for newly issued Series C preferred shares of the company. Lagou Information Limited is a company focused on online human resources solutions in China.
Earlier in January 2016, HongDao investment funds also closed an investment in WeBus Holding Ltd. HongDao invested over USD8 million by purchasing outstanding shares from the existing shareholders and
Black Diamond Capital Management is to acquire ArcelorMittal's LaPlace, LA, Harriman, TN and Vinton, TX steelmaking and finishing operations focused on the production and sale of long carbon steel products in North America.
The LaPlace operations are primarily located outside of New Orleans with an additional rolling mill in Harriman, TN and three strategically located stocking depots in Tulsa, OK, Chicago, IL and Pittsburgh, PA. The LaPlace and Harriman facilities are leading producers of light structural shapes and merchant bar quality products. The Vinton facility, located near El Paso, TX, is a leading producer of rebar for the construction industry and
Founders Fund has closed a USD1.3 billion sixth fund, bringing the firm’s total amount of capital under management to over USD3 billion.
Founders Fund VI will be led by partners Lauren Gross, Ken Howery, Geoff Lewis, Scott Nolan, Luke Nosek, Brian Singerman, and Peter Thiel. Members of the team have been founders and early employees of prominent technology companies including PayPal, Google, Palantir Technologies, and Space Exploration Technologies (SpaceX). All of the firm’s partners are generalists, investing across sectors and at every stage, though the firm is known for making large, concentrated investments.
“We look to make a material impact
Emerging Market corporates have feasted on cheap US dollar debt over the last few years. According to a PwC report (Global Economy Watch – May 2015, "Will dollar denominated debt become an emerging economy epidemic?") since the US Federal Reserve introduced the first round of quantitative easing in 2008, dollar denominated debt rose from USD6 trillion to USD9 trillion in 2014.
In October that year, the Fed's decision to stop QE helped the greenback to strengthen, which it has been doing ever since. Some fear that with global instability, as investors rush to the USD as a safe haven asset in
The actions of central banks over the past few years have been particularly hard for hedge funds, especially fundamental stock pickers, and whilst global macro and CTAs have been able to make some solid returns (the latter more in 2H14), there's been precious little to celebrate in hedge fund land.
According to Preqin's latest global hedge fund survey, 33 per cent of investors felt that hedge funds had fallen short of expectations in 2015. Fund managers shared this sentiment, with 40 per cent saying that they too felt performance had lagged; the average hedge fund returned just +2.02 per cent.
Central
Jabre Capital Partners is one of the industry's best-known hedge funds. Established by Philippe Jabre (pictured) in 2006, the Geneva-based hedge fund runs a variety of strategies that include: Multi-strategy, Equity Long/Short, Convertible Bonds, Emerging Markets and Event Driven.
With respect to its Emerging Markets strategy, Jabre Capital combines a top down global macro view with bottom up fundamental stock selection to build positions in a diversified portfolio.
Such has been the level of volatility coming out of emerging market economies, principally China, that finding the right investment opportunities and trying to time the right entry and exit points has been
Mergers and acquisitions and energy-focused equity long/short are two of the most attractive fund strategies for 2016 at Unigestion, according to the group's Managing Director and Head of Hedge Funds, Nicolas Rousselet (pictured).
Identifying the best strategies for investors has been no easy task in recent times, thanks in large part to the excessive interference of central banks. In a bid to boost inflation by weakening their currencies, the European Central Bank and the Bank of Japan have both resorted to negative interest rates. The ECB now has a -0.4 per cent deposit rate for banks wishing to park their
Frazier Healthcare Partners has held the closing of Frazier Healthcare Growth Buyout Fund VIII at its hard cap of USD525 million.
This oversubscribed fund, which is run out of the firm’s Seattle office, represents Frazier Healthcare Partners’ first dedicated growth buyout vehicle focused exclusively on profitable healthcare companies in the lower middle market. The offering garnered strong support from existing and select new limited partners, which represent some of the most prestigious endowments, public/private pension funds and financial institutions globally.
“We are appreciative of the continued support from our existing limited partners and pleased to selectively add a few new
Raet, a leading HR solutions provider, specialised in HR cloud software and services, has secured a majority investment from HgCapital.
HgCapital will back existing management and its growth strategy and assume majority ownership from the management shareholders and CVC Capital Partners. The terms of the transaction were not disclosed.
Raet has been active in the Netherlands since 1965. It currently employs over 1,000 staff and enables HR for some three million people internationally through its cloud solutions. The company serves over 10,000 customers and today has a presence in the Netherlands, Belgium, Spain, Argentina, Peru, Chile and Colombia.
Raet’s growth
Envestnet | Tamarac has teamed up with CAIS to provide independent advisors with access to third-party hedge funds and private equity funds, as well as research on the alternative investment space, through its portfolio and client management platform, Advisor Xi.
More than 800 independent RIA firms rely on Advisor Xi, Tamarac's web-based, custodian-agnostic portfolio and client management technology platform, to collectively manage more than $500 billion in assets and over 1 million client accounts. The first phase of the integration between Tamarac's Advisor Xi and CAIS is now available to advisors.
"Our integration with CAIS will deliver efficient, reliable access
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
