Managers
Legal & General Capital (LGC) has backed a second fund by Pemberton which plans to lend GBP500 million to mid-sized UK businesses to support their growth.
The commitment follows LGC’s investment in Pemberton’s first, pan-European fund which has currently raised around EUR1billion and has already invested over GBP180 million into UK firms.
Pemberton expects to hold a first close of the new fund before the end of 2016.
LGC’s commitment to Pemberton aligns with its strategy to invest in socially and economically useful enterprises with a focus on housing, infrastructure and SME finance. Acting as a catalyst for
Modern Energy Management (MEM), which delivers project lifecycle certainty to renewable energy developers, financiers and investors, has delivered over 1.5GW of renewable energy in emerging markets, as a direct result of its Investment Grade Verification (IGV) service.
Launched earlier this year, the IGV service has been developed by Modern Energy Management, in collaboration with international law firm Watson, Farley & Williams and global insurance broker JLT Specialty.
Developed exclusively for financiers and investors operating in high-growth emerging markets, the service provides ways to reduce operational and capital expenditure and in turn, enhance the creditworthiness of projects.
By bridging
Clearwater International has advised the shareholders of &tradition on its sale to HAY – a Danish designer and manufacturer of contemporary furniture, accessories and rugs – and Anders Holch Povlsen, CEO of fashion chain Bestseller.
Established in 2010, &tradition is a Danish lighting, furniture and accessories design company. The business is known for its unique combination of classics by iconic Danish designers, and new designs created in collaboration with internationally renowned names such as Jaime Hayon and Luca Nichetto.
&tradition products are retailed in high-end stores and it has secured contracts in more than 50 countries worldwide.
Andreas
Chinese internet search provider Baidu is the lead investor in Easterly Ventures, a new USD60 million Brazil-based investment fund.
Easterly Ventures will focus on providing funding, technology, local traffic and industry expertise for Brazilian tech start-ups, with the goal of building a robust mobile service ecosystem in Latin America.
Baidu announced its investment during an event in São Paulo, which was attended by over 200 Internet industry executives. At the event, Yan Di, general manager of Baidu Brasil and president of the Brazilian O2O Association, said Easterly Ventures will be Brazil's first internet investment fund of its kind to
French asset management firm Amundi is launching a single platform designed to bring its real and alternative assets under one entity and drive its aim of becoming one of the leading alternative asset managers in Europe.
The firm writes that real estate, private debt, private equity, infrastructure and alternative multi-management are now all part of an integrated business, bringing together 200 investment professionals in origination, structuring and management, responsible for EUR34 billion in assets (as at 30th June 2016). Amundi aims to double its funds under management in real and alternative assets by 2020.
Amundi’s reports that its track
Acorn Growth Companies, a private equity firm investing exclusively in aerospace and defence, has acquired Seattle-headquartered Raisbeck Engineering.
Founded in 1982 by aeronautical engineer and entrepreneur James D Raisbeck, Raisbeck Engineering develops, markets and manufactures worldwide-certified performance improvement systems for some of the most prolific commercial and general aviation aircraft models.
"Thanks to James Raisbeck's vision and the dedication of his team, Raisbeck Engineering is one of the most prominent names in the aviation community, with an exceptional reputation for its innovative contributions to the industry," says Rick Nagel, managing partner of Acorn Growth Companies. "We have a common
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named the Best North American Cloud Services Provider in the Hedgeweek USA Awards 2016.
The awards, which celebrate the achievements of the best performing managers and service providers in the US hedge funds industry, are unique in that they are based on a peer review system.
The winners were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
One of the largest venture capital investors in the UK, Albion Ventures, is to acquire GBP490 million OLIM Investment Managers from Close Brothers Group.
OLIM is a fund manager specialising in UK quoted equities with a particular focus on charities, for which it manages GBP240 million, and in investment and other trusts (GBP170 million) and private clients (GBP80 million). The business was founded in 1986 and has been part of the Close Brothers Group since 2000. Angela Lascelles, the joint founder, will remain Chief Executive of OLIM and the existing investment management team will continue to manage its range of
Maples Fund Services, a division of MaplesFS and an independent global fund services provider, is celebrating the 10th anniversary of the opening of its Hong Kong office.
Commencing operations in Hong Kong in 2006, Maples Fund Services provides accounting, middle office, risk reporting and administration services to a client base which includes investment management firms, institutional investors, pension plans and global financial institutions.
Eastern Fong, regional hedge of fund services – Asia, has overall responsibility for the business operations of Maples Fund Services in the Asia Pacific region. Having joined the firm in 2006, he has played a crucial
Equistone Partners Europe, a European investor in mid-market buyouts, has acquired a majority stake in D3T Distribution, the holding company of Motoblouz and Access-Moto, from Inspirational Stores for an undisclosed sum.
Following the deal, Motoblouz’s co-founder and CEO Thomas Thumerelle will continue in his current role.
Founded in 2004 and headquartered near Lille, France, Motoblouz has grown to become the leading online retailer of motorcycle accessories and clothing in the French market. For the business year 2015/2016 the company reported sales of approximately EUR38 million, representing an increase over the prior year of almost 30 per cent.
Motoblouz
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
