Allocations
Joule Assets and Quantum Origination have joined forces to launch the SmartCity EIS Portfolio.
Joule Assets, a provider of project finance solutions for the energy efficiency and demand response industries, running the successful ERA Fund in the USA, while Quantum Origination is a provider of strategic corporate advisory services.
The function of the SmartCity EIS Portfolio is to identify, invest in and support innovative companies within the Smart City technology sector. These innovative green technologies seek to optimise energy consumption across different sectors of a city's infrastructure, such as lighting, buildings, renewables, and transport in cooperation with real energy market
AdvancePierre Foods has completed the acquisition of the manufacturing assets of Better Bakery, (Better Bakery), a Valencia, California-based manufacturer of premium stuffed sandwiches.
Production is being relocated to AdvancePierre’s sandwich manufacturing operation in Caseyville, Ill.
The addition of Better Bakery’s premium, handcrafted stuffed sandwiches expands AdvancePierre’s ready-to-eat sandwich platform and enables new distribution and market penetration with premium and natural food customers.
Funds managed by Oaktree Capital Management, are AdvancePierre’s majority shareholder. Financial terms of the transaction were not disclosed.
TPG Growth, the middle market and growth equity investment platform of TPG, announced today the closing of TPG Growth III, its largest fund dedicated to investments in small- and mid-sized growth companies.
The fund reached over USD3 billion in aggregate capital commitments, surpassing its fundraising target of USD2.75 billion in five months.
“The interest in our third fund speaks to the success of TPG’s growth equity strategy. We invest in dynamic companies, partnering with founders and management teams to leverage the full resources of the TPG platform and scale businesses in the US and around the world,” says Bill McGlashan,
International law firm Cleary Gottlieb Steen & Hamilton is advising Santander Asset Management on its merger with Pioneer Investment.
Santander Asset Management is a joint venture between private equity funds Warburg Pincus and General Atlantic (as to 50 per cent) and Santander SA (as to 50 per cent). CGSH is also advising the private equity funds on the transaction. Pioneer is owned by Unicredit.
The combined company, with approximately EUR353 billion in assets under management at the close of 2014, will be called Pioneer Investments. Following completion of the deal, Santander will have a direct 33.3 per cent stake
Unigestion has launched a Private Debt Allocator tool, which identifies private debt opportunities to exactly match clients’ investment objectives.
Through its work with clients, Unigestion has identified a common perception of the universe of private debt opportunities as large, diverse and challenging. Depending on the type of debt, it can yield returns for investors of anything between 5 per cent and 20 per cent. This solution aims to help clients navigate across the myriad of different asset types, investment strategies and differing characteristics.
The Private Debt Allocator simplifies the process by taking a structured approach to evaluating each private debt
Private equity firm Thoma Bravo and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, have completed their acquisition of Riverbed Technology, a specialist in application performance infrastructure.
The acquisition is valued at approximately USD3.5 billion, with Riverbed stockholders receiving USD21.00 per share in cash. With the transaction’s close, Riverbed stock has ceased trading on the NASDAQ under the ticker symbol RVBD.
“Riverbed is a clear industry leader and significant addition to our portfolio of software companies,” says Seth Boro, a managing partner at Thoma Bravo. “Our team is looking forward to building upon Riverbed’s world class
London-listed private equity firm JZ Capital Partners Limited has acquired Midwest Valve Parts (MVP) alongside its long-term investment partner The Edgewater Funds.
The acquisition of MVP is an add-on to Industrial Services Solutions’ (ISS) existing Specialty Products Group (SPG), and marks the third acquisition made into SPG (joining Worthington Compressors and Parts Service International). Led by Jim Rogers, a GE veteran who has extensive industry experience, ISS is generating annual sales and EBITDA in excess of USD260 million and USD45 million, respectively.
MVP is an independent supplier of replacement parts for valves, actuators, and related equipment to valve remanufacturers,
Institutional Venture Partners (IVP), a later-stage venture capital and growth equity firm, has launched IVP XV, a USD1.4 billion fund, the largest fund raised in the firm’s 35-year history, which brings cumulative committed capital to USD5.4 billion.
The fund was significantly oversubscribed, with IVP’s existing Limited Partners contributing the vast majority of the fund.
The fund’s General Partners are Todd Chaffee, Somesh Dash, Steve Harrick, Eric Liaw, Jules Maltz, Sandy Miller, and Dennis Phelps. After 26 years as a General Partner at IVP, Norm Fogelsong will serve the new fund as an Advisory Partner. Collectively, the Partners have more than
In this extract from the Preqin Quarterly Update: Real Estate, Q1 2015, we analyse fund performance and take a look at private real estate funds currently in market.
Fund Performance
Closed-end private real estate funds have posted positive changes in NAV for 18 consecutive quarters, with Q3 2014 seeing an average 1.9 per cent increase in NAV (Fig 1). As of September 2014, funds of vintage years 2009-2012 are posting relatively strong returns, with the median IRR ranging from 12.8 per cent for vintage 2012 funds to 15.8 per cent for vintage 2009 funds.
Examining J-curves of funds of
China Everbright Limited (CEL) and Sinowel Enterprise Group (Sinowel) have signed a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights.
CEL and Sinowel plan to maximise their value, as well as leveraging their respective experience and advantages in the asset management sector to build a marketing platform for the trust industry.
CEL, a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and mainland China. It leverages a "Macro Asset Management" strategy with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
