Allocations
US private equity and venture capital funds generated positive returns for their investors in the second quarter of 2014, with the former asset class outperforming the latter by a margin of almost two to one.
Private equity also surpassed venture capital over the six-month period ending June 30, and both surpassed the performance of public equities at the half-year mark, according to Cambridge Associates.
The Cambridge Associates LLC US Private Equity Index rose 5.7% in Q2, versus an increase of 3.0% for the Cambridge Associates LLC US Venture Capital Index. The PE benchmark was up 8.9% at mid-year while the
German Equity Partners IV (GEP IV), a fund managed by the German private equity firm ECM Equity Capital Management (ECM), has acquired 100% of the equity of travel operator Leitner.
The shares, previously wholly owned by the Blankenburg family, have been transferred to GEP IV with effect from 8 December. The purchase price and further details of the transaction were not disclosed. After more than 20 years of steady growth the previous shareholders – together with the company’s new shareholder and its current management – intend to capitalise on Leitner’s strong market position and scalable business model to capitalize on
Circle Squared Alternative Investments (CSQ) has partnered with USD1.5bn money management and investment consulting firm Strategic Capital Alternatives (SCA).
SCA provides customised investment portfolio models and operational platforms to independent registered investment advisors (RIAs).
The partnership is aiming to empower advisors who work with SCA to capitalise on an investment model long employed by institutional investors – the outsourcing of highly specialised CIO-level analysis – but just now becoming available to independent financial advisors.
“Our OCIO model is a direct response to advisors’ recognising their efforts are much better spent on gathering assets than managing them, something institutions figured out
Global assets under management* of the private real estate industry have reached USD742bn, an all-time high for the industry, and up from USD697bn as of the end of 2013. Preqin’s Andrew Moylan takes a look at the latest stats on the industry.
Preqin’s latest research shows the private equity real estate industry continued to grow in 2014. The aggregate assets under management (AUM) of closed-end private real estate funds stands at USD742bn as of June 2014, an increase of USD45bn since December 2013. Total AUM has increased by 63% since December 2010, with a large proportion of this growth accounted
French private equity firm Idinvest Partners is now managing assets on behalf of French and international investors of in excess of EUR5 billion.
The firm has backed 3,500 companies since its launch in 1997 and spin-off from the Allianz Group in 2010.
Since Idinvest Partners became independent 4 years ago, the firm’s AUM have doubled from EUR2.5 billion to EUR5 billion. To support this growth, the team has also doubled in size, expanding from 25 to 48 people.
The pace of fundraising accelerated over the course of 2014, as the firm raised over EUR1 billion across various strategies including private
DigitalOcean has secured a USD50 million credit facility from funds managed by global investment firm Fortress Investment Group LLC.
This announcement comes on the heels of Netcraft’s report detailing DigitalOcean’s meteoric rise to the third largest hosting company in the world.
"This financing illustrates Fortress’s continuing interest in the data centre and cloud services industries. In our view, DigitalOcean is well positioned to succeed in the expanding cloud infrastructure sector," says Aaron Blanchette, Managing Director at Fortress Investment Group LLC. "We look forward to playing a part in DigitalOcean's organic expansion as they bring their cloud offerings to more international
Growthgate Capital’s portfolio company Gama Aviation has proposed a GBP82 million (USD127 million) reverse takeover with Hangar 8, an international operator listed on the London Stock Exchange’s Alternative Investment Market (AIM).
Subject to completion in early January 2015, the new business, Gama Aviation Plc (AIM: GMAA) will be listed with an anticipated market capitalization of GBP130million (USD200 million).
Growthgate Capital will receive shares in the public entity, with both the CEO and Chairman of Gama Aviation retaining their positions. This transaction results in Growthgate Capital receiving shares in the combined listed entity and realizing superior returns over invested capital.
The Standard Life European Private Equity Trust’s (SLEPET) net asset value per ordinary share (NAV) rose by 5.8% to 257.4p during the year ended 30 September 2014. The NAV total return to shareholders was 7.7%.
The Company’s portfolio, including net realised gains and income, generated a return of 9.7% during the year. This was after taking account of unrealised foreign exchange losses of 6.3%.
The closing mid-market price of the Company’s ordinary shares on 30 September 2014 was 230.0p, a rise of 16.2% over the year and a discount of 10.6% to NAV.
Recommended final dividend of 5.0p
Nexthink, a provider of End-user IT Analytics, has secured USD14.5 million in a Series D round of funding, led by Auriga Partners with participation from new investor and entrepreneur Gilles Queru and existing investors VI Partners and Mannai Corporation.
Nexthink has raised USD29 million to date and plans to use the new funding to scale internationally, while further investing in the development of End-user IT Analytics solutions for mobility and cloud.
Founded in 2004, following a research project in artificial intelligence at EPFL (Ecole Polytechnique Fédérale de Lausanne) in Switzerland, Nexthink has pioneered a new category of IT
Buy-and-build credit and information services business, CSH, has acquired P:Cubed, a South African marketing service provider, for just under ZAR350 million (USD30 million).
These businesses have taken this step in order to support an enhanced and more efficient credit and marketing services platform offering for their clients.
CSH, the holding company for Compuscan, ScoreSharp and Compuscan Academy is pleased to welcome P:Cubed into the Group. The acquisition is the first development of its kind by the Group since Actis, a leading emerging markets private equity firm, bought into CSH by becoming a shareholder in June 2014.
The Group
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
