Allocations
The State Street Global Exchange Private Equity Index (GXPEI) posted a moderate increase of 3.03 per cent in the third quarter of 2018.
The Venture Capital category continued to lead for the third quarter in a row with a 4.65 per cent gain, followed by Buyout Funds with 2.84 per cent; Private Debt lagged behind with a 1.34 per cent return for the quarter.
The PEI is based on directly-sourced limited partnership data and represents around USD2.8 trillion in private equity investments, with more than 2,900 unique private equity partnerships, as of September 30 2018.
“2018 is
Funds managed by affiliates of Apollo Global Management have completed the previously announced acquisition of Aspen. The transaction, which was first announced on 28 August 2018, closed following receipt of regulatory approvals and the approval of Aspen’s shareholders.
Under the terms of the previously announced agreement and plan of merger, the Apollo Funds have acquired all of the outstanding ordinary shares of Aspen for USD42.75 per share in cash, representing an equity value of approximately USD2.6 billion.
Aspen is now wholly owned by the Apollo Funds, and Aspen’s ordinary shares have ceased trading on the New York Stock Exchange
Lone Star Funds has completed the final closing of Lone Star Fund XI, (LSF XI), the firm’s eleventh dedicated opportunity fund.
Capital available to LSF XI totals approximately USD8.2 billion, which includes third-party commitments and anticipated co-investments from associated entities.
Lone Star, a global private equity firm, invests on behalf of its limited partners, which include institutional investors such as pension funds, sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.
Lone Star is highly disciplined and value-driven. Lone Star’s opportunity fund series focuses on opportunities that emerge during periods of market dislocation,
Alter Domus, a fund and corporate services provider, has become the latest firm from Jersey to be admitted as a Listing Member of The International Stock Exchange (TISE).
Alter Domus (Jersey) Listing Services Limited has been approved to act as a Listing Agent for non-retail debt securities and Sponsor to securities of investment vehicles.
Fiona Le Poidevin (pictured), CEO of The International Stock Exchange Group (TISEG), says: “I’m delighted to welcome Alter Domus as a Listing Member of TISE. The firm is well-known as a service provider, especially to the private equity, infrastructure and real estate sectors, which are
Partner One Capital has completed the acquisition of Assima, a provider of a software solution that spans across the entire digital adoption life-cycle: from initial training, to live assistance, to enterprise-wide collaboration.
Assima is designed to maximise user performance and minimise errors for the world’s largest corporations and governments.
Under the terms of the agreement, Partner One Capital has acquired all of the global assets of Assima as well as its 12 divisions worldwide.
For the past 20 years, Assima software has played a vital role in improving user-adoption, user performance and increasing business efficiency for the largest
Gresham House’s British Strategic Investment Fund (BSIF) made five investments during 2018 and has now deployed over 45 per cent of its committed capital.
BSIF invests in the housing and infrastructure sectors, both identified by the UK Government as structurally important areas requiring local investment. As a closed-ended fund with a 12-year time horizon, BSIF invests with a long-term view into these important sectors. The fund targets an 8-10 per cent annual net return including a minimum income yield of 5-6 per cent per annum.
Sustainable investing forms a key part of BSIF’s investment philosophy. As well as seeking
Idinvest Partners, an investor in SMEs across Europe, has held the final closing of its second capital growth fund (Idinvest Growth Fund II) at EUR340 million, surpassing its initial target of EUR300 million.
Idinvest Growth Fund II brings together a panel of renowned investors, of whom more than 75 per cent are based outside France.
Since its launch in 2017, the fund has invested 50 per cent of its total commitments across 15 companies, including Ogury, Secret Escapes, Klaxoon, Vestiaire Collective, and Sophia Genetics.
Idinvest Growth Fund II (IGF II) invests in businesses with strong potential that have
Abacus Group, a provider of IT services for alternative investment firms, has completed the acquisition of competitor Proactive Technologies. The two companies will merge under the Abacus Group umbrella.
Since its founding in 2007, Proactive has grown to service over 120 alternative investment clients, mostly in the New York City area. As a result of the acquisition, Abacus Group, which as of year-end 2018 services over 400 clients across the US and the UK, will now be the largest IT managed service provider specialised in alternative investment firms in the New York metropolitan region, based on client count. For year-end
STAR Capital Partnership (STAR Capital) is to acquire ASL Aviation Holdings. Headquartered in Dublin, Ireland, ASL Holdings is a global aviation services provider with operations on six continents.
The Group’s multiple airlines provide ASL with wide-ranging traffic rights and valuable slots at key airports across Europe, Asia and Africa.
ASL’s airlines operate scheduled and charter flights under their own brands and operate passenger and cargo networks on behalf of major international customers including express freight integrators and passenger airlines.
STAR Capital has reached agreement with ASL Holdings shareholders, Compagnie Maritime Belge (51 per cent) and 3P Air Freighters
French private equity investor Siparex recorded a fifth consecutive year of growth in 2018, with business brisk across all of the company’s operating segments.
The Group met or exceeded its targets, with EUR235 million in investments and EUR260 million in exits. All five lines of business (Midmarket, Midcap, Small Cap, Innovation, and Mezzanine financing), spanning the entire corporate growth cycle, have contributed to this strong expansion over the past several years. Assets under management have steadily increased over the past decade, to EUR2 billion.
The Midmarket and Midcap businesses made a prominent contribution to the Group’s overall activity, with
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