Allocations
In an extract from the Preqin Hedge Fund Spotlight | May 2015, Joseph McGee takes a look at the ‘USD1bn Club’, a group of the world’s largest hedge fund managers, and identifies the traits and characteristics that are unique to this distinguished group which controls a vast proportion of industry capital.
Over the past year, hedge fund industry assets have increased, surpassing the USD3tn mark as of December 2014. One notable group active in this space is managers with at least USD1bn in assets under management (AUM) – the ‘USD1bn Club’ – comprised of some of the largest hedge
Glennmont Partners, has completed the acquisition of an 18 MW operating wind farm in the North-East region of France. The wind farm is powered by Senvion turbines and was developed and built by German developer ENERTRAG.
ENERTRAG, which currently provides technical management and maintenance services for over 1,400 turbines, will continue to look after the technical and commercial operations of the wind farm.
This transaction takes Glennmont’s onshore wind portfolio over 210MW across France, Ireland, the UK and Italy. Glennmont continues to develop a diversified portfolio of renewable energy projects across geographies and technologies, to deliver robust and sustainable returns
European private equity firm Cinven is to acquire Labco, one of the largest European operators of medical diagnostic laboratories, from a consortium of investors, for an enterprise value of EUR1.2 billion.
Labco, headquartered in France, operates in France, Spain, Italy, Portugal, Belgium and the UK and conducts clinical tests; delivers results to prescribing doctors and patients; and provides assistance with the interpretation of clinical results through in-house laboratory doctors. Labco also operates a large portfolio of hospital outsourcing contracts in Europe, providing services to both ambulatory care and hospitals.
Established in 2003, Labco operates a network of more
The British Business Bank has invested GBP17.5 million in Passion Capital II LP, the GBP45 million second fund from one of the UK’s best known venture investment firms.
The commitment marks the 18th investment by the British Business Bank’s Enterprise Capital Funds (ECF) programme.
Passion Capital is a hands-on investor providing financial support and mentoring at a very early stage, helping to build companies and prepare them for accelerated growth. The new fund builds on the success of Passion Capital’s first fund, which was also supported by British Business Bank’s ECF programme, and backed the early development of high growth
Job matching platform, jobandtalent has secured USD25 million in funding as an extension of its Series A investment, which was previously closed in July 2014.
The funding round is the biggest investment inflow to date for a company within the job matching category.
An investor group by Pelayo Cortina Koplowitz increased its participation and has co-invested with the previous investors, including Qualitas Equity Partners, Kibo Ventures, Fundacion Jose Manuel Entrecanales, and business angel Nicolas Luca de Tena.
"We are extremely excited about this round of funding," says Juan Urdiales, Co-founder of jobandtalent. "We created the job matching category
Aberdeen Asset Management is to acquire FLAG Capital Management, LLC (FLAG), a manager of private equity and real asset solutions with offices in Stamford CT, Boston, MA, and Hong Kong.
This acquisition is in line with Aberdeen’s strategy to strengthen and grow its global alternatives platform and solutions provision via multi-manager coverage of hedge funds, property and private market allocations, infrastructure investments and pan-alternative capabilities. FLAG’s well-established private equity teams in the US and Asia will help broaden Aberdeen’s private markets solutions activity within the alternatives arena.
As of 31 December, 2014, FLAG managed assets of approximately USD6.3 billion
After a financing round of EUR2.7 million acquired last September, biotechnology company VitamFero has closed its third financing round at EUR4.3 million.
An additional investment of EUR1.6 million has been made jointly by two newcomers – CAPAGRO and Anjou Amorçage) and by the management team and business angels who had already participated in previous capital increases.
CAPAGRO and Anjou Amorçage thereby join the existing majority syndicate of CapDecisif Management, GO Capital and Pradeyrol Développement.
VitamFero develops major science achieved through research conducted in partnership, notably, with INRA, François-Rabelais University of Tours, University of Burgundy (Dijon) and Merial in
Rockaway Capital, a VC firm focused on investing and building Internet companies in emerging markets, has entered the US market with the opening of its first office in San Francisco's SOMA district.
The firm has invested USD28 million in seed stage, high growth, transformational start-ups across e-commerce, B2B SaaS, Fintech, and travel/transportation and has additional access to USD225 million in funding. Initial offices were in Prague and Sao Paolo.
Rockaway Capital has already brought over its first group of globally viable entrepreneurs and start-ups to introduce them to the US venture community and bring their products to market here. Rockaway
Stockholm-based Arctos Corporate Finance (Arctos) is becoming part of Livingstone, an international mid-market M&A and Debt Advisory firm with offices in North America, Asia and Europe.
Arctos becomes part of Livingstone with immediate effect. The newly-named Livingstone Stockholm is a fully integrated part of the firm’s international infrastructure and joins established teams in Beijing, Chicago, Düsseldorf, London and Madrid. The marriage of the two firms creates a 100-strong organisation completing over 50 mid-market transactions each year.
Livingstone has worked closely on transactions with Partners Thomas Karlsson, Kenneth Westlund and Anders Jacobson, and co-founder Bertil Karlsson, for over 10 years.
Evercore has acquired Kuna & Co, the Frankfurt-based investment banking advisory boutique, and appointed Walter Kuna as Senior Managing Director of Evercore's German advisory business.
Kuna founded Kuna & Co in 2004 and has built it into a leading independent advisory business with a focus on real estate in Germany. Prior to forming Kuna & Co, he was Managing Director of Lazard Germany, having been a founding partner of Lazard's German M&A advisory business in 1989.
Kuna & Co is an independent advisory firm with a team of ten professionals based in Frankfurt. Over its 11 year history, it has
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
