Allocations
Former BBC Newsnight anchor, Jeremy Paxman, will be asking the questions about the prospects for the international funds industry when he moderates this year’s Jersey Finance funds conference.
Entitled ‘Winning Moves,’ the annual conference, which will be held i London on 19 March, will provide an analysis of the current global funds marketplace, the changing regulatory landscape and the role of alternative fund domiciles as the global industry meets the challenges and opportunities that lie ahead. Jeremy Paxman will be chairing two panel sessions during the course of the conference and will also make the closing remarks.
An award-winning journalist
Chicago-based private equity firm Madison Dearborn Partners (MDP) is to acquire a majority interest in Walgreens Infusion Services.
With more than 30 years of experience, Walgreens Infusion Services is one of the nation’s largest providers of home and alternate treatment site infusion services and is considered an industry pioneer. Walgreens Infusion Services’ broad geographic footprint includes 89 infusion pharmacies and 110 alternate treatment sites in 40 states, approximately 4,700 employees and the ability to serve more than 90 percent of the US population. Its clinical personnel, including nurses, pharmacists, technicians and dieticians, treat patients who are managing a broad range
Preqin has been busy preparing its end-of-year investor and fund manager reports across all major alternative asset classes: hedge funds, private equity, private real estate and infrastructure. The following article summarises the key findings from these reports at a broad strokes level.
Hedge Funds
2014 proved a challenging year for hedge funds. Performance-wise it was the worst year since 2011, with the average hedge fund failing to hit 4%. Unsurprisingly, performance (33%) and fees (21%) are cited as the top two challenges for the industry by institutional investors for 2015. According to Preqin, this could work to the advantage of
Preqin has launched its 2015 Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
A challenging performance environment resulted in the hedge fund benchmark failing to make gains of more than 4%. However, despite this, the asset class accounted for over half of the asset growth across alternatives, as investors continued to deploy capital in funds that offered attractive opportunities.
The 2015 Global Hedge Fund Report provides a comprehensive review of
Kirkland & Ellis represented GTCR in it’s acquisition of Fairway Media Group ion partnership with Adams Outdoor Advertising.
Fairway is one of the largest outdoor advertising companies in the United States, and Adams Outdoor is a preeminent provider of outdoor advertising solutions. Terms of the transaction have not been disclosed.
The Kirkland team included corporate partners Stephen Ritchie and Jocelyn Hirsch, corporate associates Daniel Guerin, Ryan Haas, Eric Buske, Jeffrey Swatzell, Elizabeth Morales, Patrick Sullivan and Sarah Thrasher, and asset finance and securitization partner Kenneth Morrison.
GTCR’s investment in Fairway was funded from GTCR Fund XI, a private equity fund
Ipreo has acquired ClearMomentum, a provider of portfolio monitoring applications to alternative asset investors and their limited partners.
Since introducing the industry’s flagship portfolio monitoring application, ClearFinancials, in 2005, ClearMomentum has played an integral role in the transition to greater transparency and data integrity in the alternative asset market. ClearMomentum collects full financial statements from private companies and automatically maps, validates and structures the data to a common chart of accounts, enabling private equity and venture capital clients to monitor and report on their portfolios accurately and efficiently. The firm’s clients represent some of the most respected names in
PNC Riverarch Capital has acquired a controlling interest in North American Breaker Co, a reseller of circuit breakers and related electrical components dedicated to “need-it-now” product solutions for wholesale electrical distributors.
NXT Capital and NABCO management have co-invested alongside PNC Riverarch Capital.
Founded in 1996, NABCO serves more than 3,000 wholesale distributors, enabling them to offer end customers a comprehensive line of circuit breakers and related products. The company carries more than 10,000 distinct product offerings and emphasises difficult-to-source products not regularly stocked by traditional distributors. NABCO is headquartered in Burbank, California, and services customers out of nine inventory-equipped
eFront has launched new services and products for private equity limited partners, enabling them to focus on their most important activity, portfolio analysis, while saving time and effort.
The eFront LP Investor Portal (EIP) will accelerate the flow of quarterly data from general partners through the use of standardised Excel templates via a secure, internet-based portal. And, eFront Investor Services (EIS) collects data directly from GPs on behalf of investors and delivers it to their systems in ready-to-use formats. These new offerings will improve transparency, lower costs and enable faster, better-informed decision-making.
The alternative investment industry continues to cope
977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:
Investor appetite for private equity remained strong throughout 2014, with the amount of capital raised by fund managers on a par with the last couple of years. It is likely that the figure will match the amount of capital raised in 2013 (USD531bn), as Preqin expects the 2014 fundraising figure to increase by 10-20% as more information
TA Associates is to acquire a majority interest in Access Technology Group (Access), a leading business management software company.
TA will acquire its stake from Lyceum Capital, a growth investor. Financial terms of the transaction, which is expected to close later this month, were not disclosed.
Access’s software covers finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site. The company’s applications help over 6,000 customers – including some of the most innovative and rapidly-growing enterprises in the UK – achieve operational excellence. Colchester-based Access Group
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
