Managers
Investment into venture capital (VC)-backed companies in the United States has slowed in back-to-back quarters, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights.
The US saw only USD14.8 billion invested in Q1 2016, a slight increase (six percent) from Q4 2015, while the number of actual deals declined, slipping an additional two percent from last quarter to 1,035 deals. These two quarters are a major slowdown from an otherwise record year for VC investment in FY15.
“Though we feel there is a considerable amount of dry powder in the
CORDET has held the first close of its debut fund, CORDET Direct Lending with commitments of approximately EUR200 million from both Northern European and international institutional investors.
This first close is the first admission of investors to the Fund which has a hard cap of EUR600 million.
Jakob Lindquist and Magnus Lindquist, Co-Managing Partners of CORDET Capital Partners LLP, says: “We are proud to have such dedicated and strong support from our investor base and to have achieved this important milestone in the firm’s development. We look forward to growing the business and our investor base further.”
CORDET focuses on
The 2015/16 VCT season has drawn to an unexpectedly successful close, with VCTs raising record-breaking amounts.
And law firm Howard Kennedy has once again been at the heart of the VCT community, advising over 80 per cent of all funds coming to market in 2015/16, including the largest fund raise by Octopus Titan VCT, which increased its offer from GBP80 million to GBP100 million following exceptional investor demand.
Howard Kennedy has acted for 16 individual VCTs seeking to raise a total of GBP421.7 million. In the 2015/16 tax year a total of GBP457.5 million was raised by VCTs – the
The Halifax Group (Halifax), in partnership with management, has completed an investment in Familia Dental Group Holdings. Terms of the transaction have not been disclosed.
Familia, headquartered in suburban Chicago, provides quality, affordable dental care to underserved populations in smaller markets across five states. The Company provides general dentistry, orthodontics and oral surgery services to over 250,000 patients annually. The business was founded in 2008 by CEO and Founder Dr Koushan H Azad, and now has 31 clinics, half of them in the Upper Midwest, with several expected openings slated for later this year.
“Halifax has been focused on the
Nexthink, a provider of end-user IT analytics, has raised USD40 million in new investment round led by venture capital (VC) firm Highland Europe.
This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli family’s Waypoint Capital and existing investors Auriga Partners and Galeo Ventures.
This latest round brings the total capital raised by Nexthink to USD65 million since the Company was founded from a research project in artificial intelligence at the prestigious EPFL (Ecole Polytechnique Fédérale de Lausanne) in Switzerland in 2004.
Nexthink reported record quarterly growth in 2015 for the
Healthcare private equity firm Council Capital has held the closing of its third private equity fund, Council Capital III, with commitments totalling over USD150 million, exceeding its target of USD125 million and hitting its hard cap, bringing total capital under management at the firm to approximately USD300 million.
For Fund III, Council Capital received strong support from returning investors from its USD65.8 million Fund II. Additionally, more than half of the capital was secured from a significant number of new investors including foundations, fund of funds, endowments, financial institutions and family offices. Council Capital was also able to attract several
An affiliate of private equity firm Warburg Pincus is to acquire a majority stake in Reiss Holdings, owner of the global men's and women's fashion and accessories brand REISS, valuing the business at GBP230 million.
REISS, founded by David Reiss in 1971, is an international fashion brand offering affordable luxury for both men and women. The company currently operates from over 160 locations in 15 countries and also has a highly developed e-commerce presence. In the year to January 2016, the company generated sales of GBP146 million and EBITDA of GBP24.4 million.
The partnership with Warburg Pincus will enable Reiss
A group of investors including GCP Capital Partners, Western Heritage Capital, and Performance Equity Management have acquired a significant stake in Complete Merchant Solutions (CMS), a leading provider of merchant acquisition services, credit card/debit card transaction processing services, and payment solutions.
Terms of the transaction have not been disclosed.
Headquartered in Orem, Utah, CMS was founded in 2008 by President David Decker, Chief Operating Officer Trever Hansen and Chief Information Officer Kyle Hall, and the three founders will retain a substantial stake in the business. CMS is able to leverage its in-house risk management capabilities to work closely with merchants
Centerbridge Partners has selected SEI to provide a customised operating platform for its private equity and credit businesses.
Through its Investment Manager Services division, SEI supplies customised operating infrastructure and services to investment organisations around the world.
SEI drew on its global operating platform to provide Centerbridge with a solution tailored to its fund administration, fund accounting, middle-office and investor servicing requirements for both its private equity and credit businesses. Centerbridge also intends to use additional SEI capabilities for collateral management, treasury services and regulatory reporting.
"We chose SEI with an eye to the future because their operating solution has
Private equity firm Webfolio Management has acquired ad-tech company PicReel.com for an undisclosed sum. PicReel is now part of a larger organisation that is operating several brands in the mar-tech and ad-tech vertical.
The majority of PicReel employees will continue to work from their European and Asian offices, joining Webfolio's core team working from its world headquarters in Reno, NV.
PicReel is a conversion rate optimisation software solution that helps a brand increase leads and revenue by capturing visitors before they leave a site. Discounts and offers, solicitations for feedback, and urging visitors to take some action such as subscribing
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
