Managers
Audax Private Equity has completed the sale of Aavid Thermalloy to Boyd Corporation, a portfolio company of Genstar Capital Management.
Aavid, founded in 1964 and headquartered in Laconia, New Hampshire, provides a broad range of technologically advanced thermal management solutions for aerospace and defence, telecommunications, LED lighting, server, data centre, consumer electronics, transportation, and industrial applications to customers globally.
Since 2012, Aavid has completed seven acquisitions, expanding its geographic footprint and diversifying into new technologies and end markets.
Geoffrey Rehnert, co-chief executive officer of Audax, says: “The Aavid team has executed on its thesis of accelerating organic
The demand for infrastructure funds remains evidently strong. Last year, these vehicles raised USD62.9 billion in aggregate based on figures provided by Preqin*. In Q1 2017, that number had already reached USD29.5 billion; nearly twice the amount raised in Q1 2016 (USD16 billion).
“We’ve seen increasing interest in infrastructure deals, both listed and unlisted,” states Michael McCabe (pictured), Head of US Sales, MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group. “The number of deals in Q1 2017 for the US totalled USD50 billion and was fairly concentrated in the energy sector; natural resources, utilities, power
Infrastructure has become a key area of focus for institutional investors as they look to diversify their fixed income portfolios to access longer term, resilient credit opportunities for income-like returns. Within this asset class, infrastructure debt is on the rise as investment managers look to construct new debt vehicles: either to provide direct lending to infrastructure operators, to access well-established municipal bond markets, or to structure their own private lending programmes by issuing tranches of unlisted bonds.
Last September, Schroders established a new infrastructure finance capability designed specifically to help institutional investors access the asset class.
Commenting on infrastructure finance
Quinbrook Infrastructure Partners, an investment manager specialising in lower carbon and renewable energy infrastructure assets, has acquired Scout Clean Energy, a Colorado-based developer and operator of US wind power projects.
Terms of the transaction have not been disclosed.
Scout is developing a 1,600-megawatt (MW) pipeline of US wind power projects that in aggregate represents more than USD1.7 billion in total capital investment and would generate enough emissions free power to serve the needs of nearly a half-million American households.
Led by wind industry veteran Michael Rucker, the Scout development portfolio is currently diversified across nine US states.
FAB Partners, a global alternative investment platform, has completed the acquisition of a majority stake in Halkin Asset Management, a London-based alternative asset manager.
The combined company will be rebranded as Centricus and will continue to target returns across all asset classes, sectors and geographies for its investors.
Halkin is a London-based FCA-regulated and SEC registered multi-manager platform, offering portfolio management and advisory services. It provides complete solutions to early stage and established portfolio managers.
The transaction will support the expansion of Halkin’s onshore asset management capabilities, as well as its corporate finance advisory business.
The
Morgan Stanley Investment Management has raised more than USD125 million in final commitments for its first global impact fund, PMF Integro Fund I.
Launched in partnership with the Morgan Stanley Institute for Sustainable Investing, Integro invests in private equity funds that offer the potential for compelling financial return while demonstrating positive environmental impact, social impact or both.
The fund is managed by AIP Private Markets, the private markets solutions team within Morgan Stanley Investment Management.
“Sustainable Investing is an incredibly important part of our firm’s DNA, and the launch of Integro underscores our commitment to promote sustainable
Honeywell has launched an investment fund that will invest in early-stage, high-growth technology companies that are strategically aligned to the company’s portfolio and software capabilities.
The initial fund size is expected to be approximately USD100 million and investments will be made through Honeywell Venture Capital, a wholly owned subsidiary of Honeywell.
“Investments in early-stage high-growth companies are a great way to supplement Honeywell’s track record as an innovation leader, leverage our research and development capabilities, and provide access to new solutions for our customers,” says Honeywell president and CEO Darius Adamczyk.
“We will invest in companies from
Addepar has acquired AltX, an intelligence platform for the alternative investments market.
The acquisition deepens Addepar’s capabilities in alternative investments – which comprise USD120 billion of the USD600-plus billion of assets on Addepar’s platform.
With AltX, Addepar advances its mission to empower wealth advisers and asset owners to make more informed, data-driven investment decisions.
Alternative investments, including hedge funds, private equity, venture capital and real estate, have exploded in popularity, growing from USD2.5 trillion in 2004 to a projected USD13.6 trillion by 2020. Despite this growth, wealth advisers have struggled to provide an adequate level of information
Yield products are hard to come by today, what with investment grade corporate credit spreads tightening and government bonds offering precious little chance of generating any meaningful income. James Williams explores another solution…
The CVC Credit Partners European Opportunities Fund offers a unique proposition, aimed at a wide range of investors who are seeking an income as well as the opportunity to generate capital gains; a twin-engine source of returns.
With yields having collapsed close to zero in the lower risk areas of the market, CVC Credit Partners provides an alternative source of income by buying up senior secured loans across
Chequers Partenaires, a Paris-based private equity firm investing principally in control buyouts of European mid-market companies, has held the single and final closing of Chequers Capital XVII above its EUR1 billion target.
Established in 1972, Chequers Capital has been investing in unquoted companies in Continental Europe with a primary focus on France, DACH and Italy.
Over the last 45 years, Chequers has been instrumental in promoting the growth of its portfolio companies through selected acquisitions and a focus on international development, enabling the emergence of global industry leaders such as Accelya and TCR.
Chequers Capital XVII was
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