Allocations
Lateral Investment Management has formed a strategic partnership with The Leo Group, a New Jersey-based wealth management firm serving family offices, institutions and endowments.
As part of the partnership, Lateral will advise The Leo Group on a private debt portfolio of USD55 million. Lateral’s principals, Kenneth Masters and Richard de Silva, will act as co-portfolio managers of the portfolio.
“Lateral delivers a high-yield private debt product which is differentiated in today’s low-rate environment,” says Matthew Allain, CEO of Leo Group, which has reported assets under management of USD1.3 billion. “Lateral’s principals have a great track record of creating value for
Bamboo Finance has held the first close at USD31 million of its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
The Bamboo Financial Inclusion Fund II will make equity investments in the capital of banks and financial services companies targeting microenterprises, SMEs, the low and lower middle income segments as well as mobile money operators, correspondent banking businesses in growth markets where there remains significant exclusion from formal financial services globally in Africa, the Middle East, Asia and Latin America.
Over the last seven years Bamboo Finance has built one
Ogier Jersey has acted as Jersey legal adviser for Intermediate Capital Group on the establishment of its tenth Jersey fund, ICG Europe Fund VI, which has held its first close having raised EUR2.5 billion to date.
This includes a contribution from ICG’s balance sheet of EUR500 million, along with EUR2 billion of third party subscriptions. Further closes are anticipated in the coming months, towards the EUR3 billion hard cap. The predecessor fund, ICG European Fund V, was closed in December 2012 at its hard cap of EUR2.5 billion, also including a subscription of EUR500 million from ICG’s balance sheet.
Niamh
Preqin’s latest analysis of the risk/return profile of major private equity and private debt fund strategies has shown that direct lending funds have been providing investors with superior returns given their level of risk.
These funds, which have increased in prominence since the fallout of the global financial crisis and the reduction in bank lending, are returning 11.4 per cent on average annually. This is only surpassed by distressed debt funds over the same period (vintage 2002-2012), which are returning 12.6 per cent. When looking at the disparity of returns, direct lending funds have one of the lowest standard deviations
KKR has held the final closing of KKR Lending Partners II, a USD1.34 billion fund focused primarily on privately-originated senior loans. KKRLP II is the successor fund to KKR Lending Partners I which exited its investment period in December 2014.
The Fund, for which KKR began soliciting third party capital in 2014, received strong backing from a diverse group of new and existing investors, including public pensions, insurance companies, private banking platforms, family offices and individual investors.
Erik Falk, Co-Portfolio Manager of the Fund, says: “We are very pleased that we were able to attract a nice mix of new
Intralinks Holdings, a provider of secure enterprise content collaboration solutions, has partnered with Kira Inc, provider of the Kira Diligence Engine.
By leveraging the two platforms, the M&A due diligence process is dramatically streamlined through the partial automation of document review and abstraction. As a result, dealmaking is easier and more productive.
“We’re excited about this new relationship with Kira,” says Matt Porzio, vice president of strategy and product marketing at Intralinks. “Together, Intralinks Dealspace and Kira Diligence Engine help ensure high-stakes transactions are brought to a fast close. The partnership will save our customers time and expense and
Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at USD1.065 billion. The fund, which was oversubscribed, will invest side-by-side with Thoma Bravo Fund XI, a USD3.662 billion fund that closed in May 2014.
“We are very appreciative of the investor support for this supplemental ‘top off’ fund, which we see as an acknowledgment of our team’s strong track record in software investing and the good start we believe we’ve gotten with our Fund XI,” says Orlando Bravo, a managing partner at Thoma Bravo. “We expect the Special Opportunities Fund to give us added
Billtrust has raised USD25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures. The funding will enable Billtrust to continue its aggressive growth strategy and to pursue additional acquisitions.
“We took time to find the right investment partners who can help our team grow strategically and deliver against our business goals. Both Goldman Sachs and Bain Capital Ventures share our vision to transform B2B invoicing and payments,” says Flint Lane, CEO and Founder of Billtrust.
Billtrust works with thousands of businesses to streamline their invoice-to-cash processes. The company is committed to helping
An affiliate of Versa Capital Management has completed the previously announced acquisition of the business of The Wet Seal, a specialist in young women’s fast fashion retailing through mall stores and e-commerce.
The transaction was approved by the United States Bankruptcy Court for the District of Delaware on 1 April, 2015.
The new company, known as The Wet Seal will maintain its headquarters in Foothill Ranch, California and continue operating its 173 stores and growing its online platform. The company’s operations will be supported by a new USD15 million senior credit facility provided by Crystal Financial.
Wet Seal’s
Constellation has acquired a majority stake in Trans Europa Express Holding AG (TEX), formerly HSM Group), a provider of Train Operating Services in Western Europe.
TEX serves as an outsourcing partner for its customers for which the company runs rail traffic and operates in Germany, Switzerland, Austria (DACH) and the Netherlands employing 900 people.
Among TEX`s customers are all major private and national passenger and rail cargo companies in the DACH region and the Netherlands. With its own train driver school, the company provides training for qualified railway personnel. Further, TEX provides safety and supervision services for rail track
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
