Managers
Some 80 per cent of limited partners (LPs) have seen their co-investments outperforming private equity funds, with 46 per cent seeing their co-investments outperform by a margin of over 5 per cent, according to a survey by Preqin.
This level of performance is the biggest draw for investors, with two-thirds of LPs citing better returns as the biggest benefit of co-investing alongside GPs.
Co-investment opportunities from fund managers (GPs) are also becoming more common, with 87 per cent of them either currently offering, or considering offering, co-investment rights to their investors. Furthermore, 30 per cent of managers included co-investment
Funds affiliated with Apollo Global Management are to acquire RegionalCare Hospital Partners, a portfolio company of Warburg Pincus.
RegionalCare is the owner and operator of eight market-leading, non-urban hospitals located in Alabama, Arizona, Connecticut, Iowa, Montana, Ohio, and Texas.
The transaction, which is conditioned on customary regulatory reviews and approvals, is expected to close by the end of 2015. Terms of the deal have not been disclosed.
“Healthcare is one of the largest and most dynamic sectors of the economy,” says Matthew Nord, a partner at Apollo. “We are excited to partner with Marty Rash and the RegionalCare
Infrastucture fundraising hit an all-time high in the third quarter of 2015 according to Inframation Group’s 3Q15 Infrastructure Fundraising review.
The two largest unlisted infrastructure funds ever raised, Global Infrastructure Partners (GIP) and Brookfield Infrastructure Partners, kicked off fundraising of USD15 billion and USD10 billion respectively. GIP’s fund is due to be launched formally in Q4 2015, with a target IRR of around 15 per cent.
Stonepeak return to the market in Q3 with the launch of Stonepeak Infrastructure Fund II, which has a fundraising target of USD 2.5 billion, while Goldman Sachs held the second close of its third
Elevar Equity has held the final close of Elevar Equity III (EE III) at USD74 million. EE III is focused on commercial investments in early stage companies providing financial services, education, housing and healthcare to low-income communities primarily in India and Latin America. With the new fund, Elevar manages over USD165 million in committed capital.
EE III's investors include the Rockefeller Brothers Fund, Oblate International Pastoral Investment Trust, JPMorgan Chase & Co, Omidyar Network, Prudential Financial, Inc., the Rockefeller Foundation, Blue Haven Initiative, Treehouse Investments and multiple family offices, private foundations and a university endowment.
"We are pleased to
Amicus Finance is to launch a new commercial finance business dedicated to serving the small business and professional services communities.
Amicus Commercial Finance will be led by two highly experienced and proven market specialists, John Wilde and David Hogg, who built SME Invoice Finance Limited (SMEIF) from start-up in 2000 to a national firm employing 80 staff, serving a 600-strong customer base and generating annual revenues of GBP12 million at the time of its sale to Metro Bank PLC in July 2013.
Amicus Commercial Finance will provide a revolving working capital facility powered by a proprietary funding platform, which
Rakuten has launched the Rakuten FinTech Fund, a USD100 million global investment fund focused on investments in disruptive early to mid-stage fintech startups that offer ‘attractive return potential with strategic relevance’.
The fund will target investments in startups and growth companies primarily in the US and Europe and build on the success of previous fintech investments made by Rakuten, including Currency Cloud, WePay and Bitnet.
The Rakuten FinTech Fund is part of a natural evolution for Rakuten’s collection of fintech businesses: Rakuten Card, Rakuten Securities, Rakuten Bank, Rakuten Life Insurance, as these business units have grown in scale within
Gravitas Technology Services is to provide alternative investment manager Mill Hill Capital with cloud hosting, archiving, network support and failover capabilities across its trading, investment, portfolio management, finance, and operations functions.
Mill Hill Capital relies on proprietary valuation, cash flow models and vast amounts of market data to perform its investment analysis and trading activities, there by requiring a chief provider of infrastructure support for on-site servers, cloud storage, backup recovery and archival.
“We have created a scalable institutional platform and first-class infrastructure at Mill Hill and partnering with Gravitas allows us to deliver a best in class hosting
Geneva-based Quaero Capital has completed the first close of its European Infrastructure fund, with EUR50 million of commitments.
The dedicated private equity fund, a French-domiciled 'Fonds Professionnel de Capital Investissement' structure, invests in small to mid-sized project finance transactions in the transport, social infrastructure, telecom, utilities and energy sectors across Europe, via both greenfield and brownfield assets.
The fund is offered to institutional investors only. It is run by an experienced Geneva-based team led by Sébastien Bourget as Head of Quaero Infrastructure.
"The first closing of the fund represents an important milestone, allowing us to take advantage of
Private equity firm OpenGate Capital has entered into a period of exclusivity with Wolseley plc, to acquire their France-based business, Bois & Matériaux (B&M), a distributor of building materials.
B&M is one of the top three business-to-business distributors of building materials in France, with two established brands: Réseau Pro and Panofrance. B&M also has a single-branch business, Guimier, a specialty supplier of architectural plaster moldings to the Parisian market.
B&M distributes building materials to more than 12,000 smaller, trade customers in the residential market, evenly split between new-build and renovation projects. B&M is headquartered in Rennes, France, generates more
Noerr has advised Home24 AG on its acquisition of fashion4home GmbH. The Noerr team led by Dr Sascha Leske worked closely together with the company’s in-house legal department led by General Counsel Dr. André Schneider.
With the merger of the two companies, Home24 AG further expands its position as Europe’s largest online furniture dealer. Fashion For Home is one of the leading European e-commerce players, offering high-quality design furniture at very attractive prices. The Berlin-headquartered company is active in Germany and Austria, as well as in the Netherlands. Following the takeover, both brands will continue to exist and will in
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
