Allocations
Demands and nuances of Annex IV reporting across Europe could lead to a steady adoption of an outsourcing model among PERE fund managers.
Private equity and real estate (PERE) fund managers are having to adjust quickly to life under the AIFMD, specifically in relation to Annex IV transparency reporting. The majority of managers will have gone through their first iteration at the end of January 2015, and depending on the size of assets under management, AIFMs face the prospect of filing on a semi-annual or quarterly basis; this drops to annually if the manager is considered de minimis by running
Kensington Capital Partners (Kensington) has held the second closing of the Kensington Venture Fund (Fund) increasing total investor commitments to the fund to USD193 million.
The fund's second closing adds Torstar Corporation to the list of investors, and includes increased commitments from RichardsonGMP and other investors who participated in the initial round.
"We appreciate the confidence and support of all of our investors," says Rick Nathan, Managing Director, Kensington Capital Partners. "It is great to add new partners – and see increased commitments from some of our prior investors – as the portfolio gains traction with its investments."
Launched in
Price Res, a portfolio company of Nexxus IV Trust (Nexxus IV) and Nexxus Capital Private Equity Fund V, LP (Nexxus V), has acquired www.lostiquetesmasbaratos.com (LTMB), an international retailer of tourism services, based in Colombia.
LTMB operates mainly in Colombia, the United States and Mexico, and has a recognised brand with potential for expansion throughout Latin America. The business model of LTMB is executed by a management team with extensive operational and local market knowledge in the travel industry, and is complementary to Price Travel’s, thus benefiting from corporate and operational synergies.
Silverfleet Capital partners has closed its second buyout fund, Silverfleet Capital Partners II, at EUR850 million, some EUR150 million ahead of it’s initial target.
Fundraising, which was advised by Proskauer, began in the second half of 2014 attracted commitments from a range of investor types across various geographies, including insurance groups (42%), pension funds (29%), fund-of-funds groups (15%), sovereign wealth funds (9%) and family offices. Silverfleet II will focus its investments on mid-market enterprises with values of EUR75-250 million headquartered in the UK and Ireland, DACH, France and Benelux, and Nordic regions of Europe in the business and financial services,
ACE & Company has launched its first food and beverage (F&B) vehicle specialised in investing in attractive opportunities in the fine foods and consumer food service sectors within Switzerland.
The vehicle will invest in high-quality and defensible brands with national and regional ambitions as well as international potential. ACE & Company’s F&B vehicle will provide partners with the financial, strategic and operational support needed to maximise their growth prospects.
In addition to being synonymous with first-rate quality products and services, the F&B industry in Switzerland is attractive offering large untapped opportunities as a result of a highly fragmented market
Aquila Capital has purchased a photovoltaic park in the UK for an undisclosed sum. The plant is located in Banwell, near Bristol and has an installed capacity of 7.2 MWp.
It was constructed by its seller and developer New Energy for the World GmbH. The manufacturer of the park’s CIS modules, whose high efficiency levels make them particularly well suited to the UK climate, is Solar Frontier.
The park has been connected to the grid since its completion in March 2015. It is classified as 1.4 under the Renewables Obligation Certificate (ROC) project. The UK supports the generation of
eVestment, a provider of traditional and hedge fund data and analytics for the institutional investing community, is launching new offerings in the private equity and venture capital arenas.
To serve institutional investors who are increasingly investing in private market funds, eVestment has acquired TopQ, an innovator in private equity analytics based in Edinburgh, Scotland. At the same time, eVestment is announcing the pending launch of a new and expansive private equity dataset in the second half of 2015 and will begin development immediately to integrate TopQ with the new eVestment dataset. With these moves, eVestment continues to deliver on its
Ampersand Capital Partners-backed Accuratus Lab Services has acquired the chemistry, manufacturing and controls (CMC) operation of Array BioPharma Inc (Array).
Accuratus was formed in July 2014 when ATS Labs of Eagan, MN acquired Microtest Labs of Agawam, MA. Accuratus provides GMP and GLP analytical and microbial testing services to the medical device and biopharmaceutical industries, as well as manufacturers of EPA-regulated consumer products. The addition of Array's CMC operation sets the course for Accuratus to become a leading contract development and manufacturing organisation (CDMO) in the pharmaceutical industry.
The Array CMC operation will be known as Avista Pharma Solutions
Private equity firm GMT Communications Partners (GMT) has agreed to sell Seagull Group (Seagull), a provider of technology-enabled training and compliance tools for the maritime, oil and gas industries, to Herkules Capital.
Closing is expected in mid-June.
The sale of Seagull delivers a 2.3x return to GMT in two and a half years. As a result, GMT III will have returned 85% of drawn down capital from just three exits to date. GMT originally backed Seagull in 2012, alongside Oscar Johansen and Roger Ringstad, Chairman and Managing Director, respectively.
Seagull’s offerings are delivered through cloud-based and on-site solutions, for use
A Brookfield-managed fund has agreed to acquire Center Parcs UK for an undisclosed sum from funds managed by Blackstone’s private equity and real estate businesses. The transaction is due to complete by the end of July.
Center Parcs operates five short break destinations across the UK: Sherwood Forest, Nottinghamshire; Elveden Forest, Suffolk; Longleat Forest, Wiltshire; Whinfell Forest, Cumbria and Woburn Forest, Bedfordshire. In 2015, Center Parcs expects to welcome more than two million guests. The Center Parcs concept originated in Holland in 1967, with Sherwood Forest opening in the UK in 1987. Each Center Parcs is nestled within around 400
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
