Managers
Audax Private Equity has completed the sale of Winchester Electronics to Snow Phipps, a private equity firm based in New York, in conjunction with management and other investors.
Terms of the transaction have not been disclosed.
Headquartered in South Norwalk, Connecticut, Winchester is a provider of custom engineered interconnect solutions for high reliability applications in the military/aerospace, medical, semiconductor, oil and gas, and other diversified end markets.
Since Audax’ initial investment in 2006, Winchester has completed 13 acquisitions, diversifying the company’s customer and end-market exposure, shifting business mix toward higher growth and higher margin ruggedized applications, and broadening
Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its fifth fund raising EUR949 million (USD1.05 billion), including approximately EUR143 million (USD158 billion) of co-investment capital.
Greenhill & Co acted as the placement agent.
Patron Capital V exceeded its original target of EUR750 million (USD830 million), attracting investors from nine countries, with the majority of commitments coming from North America, followed by Europe, Asia Pacific and the Middle East. Investors included pension funds, sovereign wealth funds, endowments, foundations and asset managers.
Fund V will continue the same investment strategy as Patron’s previous funds, opportunistically targeting
A fund managed by BlackRock Real Assets has completed the acquisition of a 100 per cent interest in two operational wind projects in Ireland from GE Energy Financial Services.
The 17-megawatt Acres wind farm located in Donegal and the 34-megawatt Barranafaddock wind farm located in Waterford have been operational since mid-2015. The projects are supported by a 15-year power purchase agreement.
The projects benefit from GE technology with a long-term Operations & Maintenance (O&M) agreement in place.
“We are very pleased to invest in the Acres and Barranafaddock wind projects on behalf of our clients. This transaction represents
Sprott Asset Management, a USD10 billion Toronto-based alternative asset manager, has rolled out a second iteration of the firm’s private credit trust strategy, Sprott Private Credit Trust II, with hedge fund specialist Arif N Bhalwani.
Bhalwani is the chief executive officer and managing director of Third Eye Capital Management, a sub-adviser to Sprott Asset Management.
Sprott Private Credit Trust II focuses on identifying short-term opportunities primarily in North American companies that are otherwise unable to access financing.
The strategy of the fund is to invest in underlying funds that hold an actively managed portfolio of asset-based loans that will be focused on private and public companies, primarily in Canada and the US, that are otherwise unable to
Milbank, Tweed, Hadley & McCloy has advised Zuffa and its controlling owners on the sale of the Ultimate Fighting Championship (UFC), the professional mixed martial arts (MMA) organisation.
The acquisition was led by WME|IMG, Silver Lake Partners and KKR as new strategic investors, along with MSD Capital and MSD Partners.
Milbank corporate partners Ken Baronsky and Adam Moses led the Milbank team advising Zuffa and the selling owners.
Founded in 1993, and acquired by Zuffa in 2001, UFC has become one of the largest and fastest growing sports brands in the world, particularly among millennials. The organisation produces
Global law firm K&L Gates has advised on the establishment of the Elephant Club Consumer Debt Fund, managed by Capital Focus Asset Management.
The newly established fund invests in notes issued by Hong Kong-licensed money lender Elephant Club Limited, and represents Hong Kong’s first ever hybrid fund peer-lending platform.
The Elephant Club Consumer Debt Fund aims to raise up to HKD2 billion (USD258 million) in the medium term.
Michael Wong, the K&L Gates Hong Kong partner who led the deal, says: “We would like to congratulate Capital Focus and Elephant Club on successfully establishing Hong Kong’s first hybrid
General partners (GPs) expect to face increased competition for deals as growing numbers of limited partners (LPs) target transactions through direct investment, according to research by the London Business School on behalf of MVision Private Equity Advisers.
Almost half of GPs surveyed predict having to go head-to-head with LPs in acquisitions, with one in three already having done so in the last year.
GPs are also concerned that the rise in direct investment from LPs will significantly impact their ability to operate effectively. Almost 50 per cent of GPs questioned by the London Business School view Mega LPs –
Since its initial investment in PathXL in 2012, Edinburgh-based venture capital firm Par Equity has generated a 270 per cent tax-free return for investors from the sale of the tissue diagnostics medical technology firm to Philips for an undisclosed sum.
Queens University Belfast spin-out PathXL has developed digital pathology systems that detect, analyse, segment and catalogue tumours faster and more accurately than current methods, which mainly rely on human analysis of pathology slides.
Digitisation of pathology results and records has been shown to improve efficiency and reduce costs within medical and research institutions and organisations. It allows pathology information to
Total assets managed by the top 100 alternative investment managers globally reached USD3.6 trillion in 2015, up 3 per cent on the prior year, according to research produced by Willis Towers Watson.
The Global Alternatives Survey, which covers ten asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.2 trillion), followed by hedge funds (21 per cent and USD755 billion), private equity fund managers (18 per cent and USD640 billion), private equity funds of funds (PEFoFs) (12 per cent and
ARX Equity Partners has completed a first close of its latest Central Europe vehicle, ARX CEE IV, at EUR54 million, with total subscribed commitments of EUR66 million.
The fund, which has a target of EUR100 million including commitments from the European Investment Fund (EIF), will continue to execute the ARX value-creation strategy of investing in lower mid-cap businesses and SMEs in select Central European countries.
ARX has completed 22 platform investments and numerous add-on acquisitions over its two-decade operating history in the region. The EIF investment benefits from EU support under the COSME programme funded by the European Commission.
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
