Allocations
Global professional and financial services group SMP is to acquire RBC Corporate Services Hong Kong, a division of RBC Investor & Treasury Services. The transaction, which is subject to regulatory approval, forms a key part of the firm’s global buy and build strategy, marking the third acquisition made by SMP since completing a management buyout backed by Palatine Private Equity in 2019.
SMP Group has grown into a leading international provider of fund administration and corporate and trust services. In total, the company now employs over 250 people across seven global offices, including the Isle of Man, Jersey, Switzerland, Malta,
The British Business Bank has allocated an additional GBP23.7m to Maven Capital Partners (Maven) from the Northern Powerhouse Investment Fund.Maven was first awarded the Northern Powerhouse Investment mandate for Equity investments in the North West of the UK in 2017 and since then has invested GBP33m into 49 small and medium SME’s, creating 382 roles within the North West Region.
Investments to date include a GBP500,000 investment into Summize Limited who based in Greater Manchester, GBP1 million into Merseyside Based YR Free Labs, an investment of GBP1.6 million into Lancaster Based Relative insight and GBP300,000 into Cheshire based intilery.
The Fund
FTV Capital, a sector-focused growth equity investment firm, has made a growth equity investment in Docupace, a cloud-based digital operations software provider for wealth management firms.
Docupace provides solutions that include client and advisor onboarding, document management, standardized workflows, robust approval processes, and compliant storage as an integrated platform that eliminates the need for multiple vendors.
The capital injection enables Docupace to expand its product and service offerings to its broker-dealer, registered investment adviser and insurance firm customers, as well as with financial advisors.
Docupace also appoints David Knoch, former president of 1st Global, to the role of chief executive
Middle market private equity firm One Equity Partners’ (OEP) portfolio company Orion Innovation (Orion) has completed the acquisition of Tekmark Global Solutions, an outsourced technology and telecom services firm.Terms of the transaction have not been disclosed.
Headquartered in Edison, NJ, Tekmark provides software engineering, quality engineering, telecom engineering, managed services, cyber security and data analytics. The Company’s experienced team of over 850 IT professionals will be deployed to Orion’s US-based delivery team.
“Tekmark’s solutions and deep customer relationships are complementary to Orion’s services and ability to innovate digital transformation solutions for Fortune 1,000 companies worldwide,” says Chip Schorr, Senior Managing Director,
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in fire protection service provider Basic Fire & Safety (BFS) as an add-on to its fire and life safety platform, Performance Systems Integration (PSI). Based in Portland, Oregon, PSI is a leading provider of fire and life safety services in the Pacific Northwest. The company provides customers with fire and life safety services including system inspection, service and monitoring, equipment sales and cylinder repairs as well as installations for new construction and retrofits.BFS provides customers in Washington state with a variety
Docupace, a maker of cloud-based wealth management software, has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm.
This investment enables Docupace to expand its product and service offerings to its broker-dealer, registered investment adviser (RIA), and insurance firm customers, as well as with the financial advisors affiliated with these businesses.
Docupace also announced the appointment of David Knoch, former president of 1st Global, to the role of chief executive officer, effective immediately.
The investment and leadership FTV Capital brings to the company will help Docupace accelerate its client-centric initiatives of expanding its capabilities
Alternative investment manager Constitution Capital Partners, focused on North American private equity and private credit, has held a final close of Ironsides V at USD1 billion.
The fundraise is CCP’s largest to date, exceeding its target of USD600 million, an increase from predecessor Ironsides IV, which closed at USD755 million in December 2016.
“This latest fundraise is a testament to our team’s demonstrated track record of investing across market cycles and sectors,” said Daniel Cahill, CCP managing partner.
As with its predecessor fund, Ironsides V will focus on investments in primary funds with commitments between USD400 million to USD2 billion,
New York-based healthcare private equity firm Consonance Capital Partners has held a final close of Consonance Private Equity II at its USD856 million hardcap.
Fund II, which will focus on investments in US healthcare companies in the lower and middle markets, closed on 8 April 2020 at its hard cap in under three months from its initial close.
The fund received support from existing investors as well as from a select number of new limited partners.
Investors in the fund include insurers, endowments, foundations, family offices, asset managers, funds of funds, pension plans, and strategic healthcare providers in the US
ADM Capital, a Hong Kong-headquartered investment manager specialising in Asia Pacific credit and sustainable investment, has raised USD630 million in new assets, taking its total under management to USD2.4 billion.
These funds will be invested in the Asian private credit markets and will target mid-sized companies.
Neil Harvey, former CEO of Hong Kong and Greater China and head of Asia Pacific Asset Management at Credit Suisse, joins the Asia Pacific private credit team in Hong Kong as executive chairman. Harvey has been engaged to align ADM Capital for an anticipated expansion in the Asia Pacific private credit industry. The
Silver Cloud Investments has been launched by a former managing partner at the UK sell-side M&A house Cavendish Corporate Finance, Joe Stelzer.
Silver Cloud Investments will provide capital investment to businesses across its target sectors with a flexible approach, helping management teams to either stabilise previously growing businesses and/or support the growth of companies with strong and scalable business models in the current difficult business climate.
Silver Capital Investments will consider a variety of ownership structures for both owner-managed businesses or companies that have been considered non-core and divested by larger companies. The firm is primarily targeting four core business sectors:
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
