Managers
Socially responsible lender LendUp has closed another USD100 million credit facility with investment firm Victory Park Capital (VPC) to fund future loan growth.
The facility brings LendUp’s total equity and debt financing to USD325 million.
The firm has also now originated more than 3.3 million loans and surpassed USD1 billion in loan originations since its inception in 2012.
“This is an important milestone for LendUp because it proves the viability and sustainability of the market opportunity for socially responsible lending,” says Sasha Orloff, LendUp CEO and co-founder. “I’m proud that our business growth and customer loyalty, combined
Venture capital firm Sofinnova Partners has held the first closing of Sofinnova Industrial Biotech I at EUR106 million.
The fund, dedicated to renewable chemistry, follows a series of nine investments in the sector since 2009.
Sofinnova IB I will be invested in start-ups along the value chain from the transformation of renewable raw materials, like agricultural waste or C02, to renewable end-products such as bio-plastics and other bio-sourced materials. It will equally look at technologies coming from advances in synthetic biology and alike.
The investment thesis is based on growing market demand for innovative, renewable products leveraging non-fossil raw
Private equity firm Sentinel Capital Partners has acquired cabi, a direct seller of women’s apparel in the US, Canada and the UK.
Terms of the deal have not been disclosed.
Founded in 2002, cabi sells high-quality, accessibly-priced designer clothing to a broad, female demographic via a proprietary network of approximately 3,500 independent stylists who conduct private shows in the homes of more than 78,000 hostesses.
cabi’s stylists provide a personalised shopping experience to the more than one million prospective clients who attend its shows annually. cabi also offers a career opportunity for entrepreneurial women seeking a meaningful income
Private equity firm Quad-C Management has completed the sale of its portfolio investment Curvature, an IT services company and provider of new and pre-owned network hardware and IT infrastructure services.
Through the deal, Curvature merged with Partners Group portfolio company SMS Systems Maintenance Services to form SMS | Curvature. Terms of the transaction have not been disclosed.
Quad-C invested in Curvature (FKA: Network Hardware Resale) in 2012 in partnership with the company’s management team. Since that time, Curvature has grown significantly by adding new service offerings, expanding geographically and integrating a strategic acquisition.
"Over the course of our
London-based alternatives investment manager Astarte Capital Partners has formed a partnership with BlueLake Associates, a Zug-based investment consultancy and asset allocation specialist.
Through this partnership, Astarte will act as the private equity and real assets adviser to BlueLake, while BlueLake will contribute macroeconomic, asset allocation and risk management advisory services to Astarte.
“We believe that this cross-fertilisation of skill sets will strengthen each company’s respective research infrastructure, resulting in added value for our clients,” says Stavros Siokos, managing partner for Astarte. “The goal is to strengthen our respective offerings and provide innovative financial solutions to our clients.”
Astarte
Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire its global Darex Packaging Technologies business for USD1.05 million (EUR995 million) on a cash and debt free basis.
Darex is based in Cambridge, Massachusetts and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans, ensuring with its solutions the highest quality standards for many best-known brands.
In fiscal 2016, Darex Packaging Technologies generated sales of around USD300 million (around EUR285 million). Darex has about 700 employees and 20 sites in 19 countries.
The risks posed to the UK private equity industry by recent political events have been grossly exaggerated, according to Matthew Hudson, chief executive of MJ Hudson, the alternative assets consultancy.
Hudson (pictured) sees the emergence of passive private equity funds and the trillion-user base of large retail platforms, such as Snap and Facebook, as potentially the greatest threat to the traditional private equity fund manager.
Speaking at SuperReturn International in Berlin, the world's largest private equity event, he dismissed concerns around Trump's election and the Brexit vote, arguing that investors should look to both the US and the UK to buy assets.
”The UK
Teton Advisors has acquired certain assets of Keeley Asset Management Corp (KAMCO), a pioneer in small and mid-cap value investing founded by John L Keeley, Jr in 1982.
Serving as the acquisition vehicle is Keeley-Teton Advisors, a newly formed and wholly-owned subsidiary of Teton. At closing, the combined firms have USD3.8 billion assets under management (AUM).
Keeley Teton, headquartered in Chicago, is led by Kevin Keeley, executive chairman, and Robert Kurinsky, president and COO. As a result of the merger, G Distributors, a wholly-owned subsidiary of Gabelli Funds, will distribute the Keeley Funds.
Nicholas Galluccio, chief executive of
Apposite Capital, an independent investment firm focused exclusively on healthcare, has acquired the UK social care division of Mitie Group for a cash consideration of GBP2.
The division consists of the domiciliary care and homecare businesses, Enara Group and Complete Care Holdings.
In addition, Mitie will contribute GBP9.45 million to the funding of trading losses and the cost of the turnaround plan. This will be paid in two tranches with the first (GBP5.4 million) on 1 April 2017 and the second (GBP4.05 million) on 1 July 2017.
Enara, trading as MiHomecare, provides care at home for people who
Hatteras Venture Partners has been selected by the State of North Carolina (NC) as the manager of the Venture Capital Multiplier Fund (VCMF), which has USD60 million in capital.
A portion of the VCMF has been committed to the latest Hatteras venture capital fund, Hatteras Venture Partners V (HVP V).
The remainder and significant majority of VCMF capital is allocated to co-investments in North Carolina Nexus companies.
For the purposes of the VCMF, NC Nexus companies are those that are headquartered in NC; have significant operations in NC; are commercialising intellectual property developed in NC; or as a
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
