Managers
Araxid Prime has closed a USD12.5 million Series A funding round led jointly by Bessemer Venture Partners (BVP) and Columbia Capital (ColCap).
The funds will be used to extend technology that is currently being used by leaders in healthcare and the public sector, and apply it to other industries such as retail, telecom and financial services.
Araxid offers a next-generation SaaS-based technology for resolving linking, and privatising disparate identities stored in one or more databases – whether customers, partners or employees. It can be implemented as a standalone solution or it can be plugged into existing, on-premises Master Data Management
NXT Capital has held the closing of the NXT Capital Senior Loan Fund III, a leveraged loan fund that will invest in first and second lien loan transactions originated and underwritten by NXT Capital’s Corporate Finance Group.
Transactions include term, delayed draw term, revolving credit, stretch senior, unitranche, first lien term behind revolver, split lien and last-out term loans made primarily to private equity-sponsored middle market companies across a wide range of industries.
The addition of Senior Loan Fund III increases the third-party capital committed to the Corporate Finance Group’s asset management business to over USD4 billion. The fund received
Conifer Financial Services, a provider of fund administration, middle office, trade execution, and prime brokerage services to the asset management industry, has received an unqualified opinion in the Service Organisation Controls (SOC) 1 TYPE 2 (SSAE 16) 2014 examination of its fund administration entity, Conifer Asset Solutions.
Notable among the reports is the laudable lack of exceptions achieved by the business sector pertaining to Fund Services and Middle Back Office.
The SOC 1 Type 2 examination was conducted in accordance with the American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements No. 16 (SSAE 16) and
Coming off of a strong year for private equity in 2014, industry leaders are tempering their outlook for 2015, according to the sixth annual PErspective Private Equity Study by BDO USA.
While 41 per cent of private equity fund managers report closing more than five deals in 2014, only 8 per cent expect to do so during the next 12 months. Instead, the vast majority (87 per cent) of private equity sponsors expect to close between one and five deals in 2015, with the largest percentage (30 per cent) of fund managers predicting they will close only two new deals
3Scan has closed a Series A fundraising round of USD6.7 million. The financing, led by Lux Capital will support the continued development and deployment of 3Scan’s KESM technology.
"While medical science has made incredible advances in recent years, anatomic pathology has remained relatively stuck in the 19th century – a manual, analog, and highly qualitative discipline," says 3Scan founder and CEO Todd Huffman. "Our technology transforms anatomic pathology into an automated, digitised, and quantitative medical science. In a sense, we’re helping pathologists better diagnose disease and develop new therapies in much the same way that DNA sequencing has advanced the
Huron Consulting Group is to acquire Studer Group, a professional services firm that assists healthcare providers to achieve cultural transformation.
The acquisition will combine Huron Healthcare’s performance improvement and clinical transformation capabilities with Studer Group’s Evidence-Based LeadershipSM framework to provide unparalleled leadership and cultural transformation expertise for healthcare provider clients.
"The healthcare industry is facing immense pressure to enhance the quality of clinical outcomes and reduce the cost of providing patient care," says James H Roth, chief executive officer and president, Huron Consulting Group. "Studer Group is the market leader in driving cultural transformation to help hospitals improve performance. The
Large private equity firms are increasingly flexing their scale, balance sheets, restructuring experience and connections with creditors and limited partners to tighten control and enhance return potential on investments, says Fitch Ratings.
Recent examples include Apollo's and TPG's decision on Jan. 15 to voluntarily place the largest operating subsidiary of Caesars Entertainment Corp into a Chapter 11 bankruptcy and KKR's follow-on private placement investment in First Data Corporation last June.
While such activities can bring creditors' competing interests to the forefront, they also underscore the fiduciary responsibility of alternative investment managers to maximise returns for their limited partners through all
TI Automotive, a leading provider of fluid storage, carrying and delivery systems to automotive manufacturers, is to be acquired by private investment firm Bain Capital.
The existing management team will continue to lead the company. Financial terms of the private transaction have not been disclosed.
Headquartered in Auburn Hills, Michigan and with facilities in 29 countries in all key markets, TI Automotive is a highly diversified automotive supplier with leading market positions across its product lines. TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems,
Scout RFP, a cloud-based sourcing platform, has raised USD2.75 million in seed financing led by venture capital firm New Enterprise Associates (NEA), with participation from Google Ventures and Zapis Capital.
Angel investors Techammer & Tim O'Shaughnessy also participated.
The funding will be used to grow the company's engineering team and scale the product for their enterprise customers. Chetan Puttagunta, Partner at NEA, will join Scout RFP's board of directors.
Scout RFP was built to help enterprises run more efficient sourcing events by taking care of the many manual tasks associated with requests for proposals (RFPs), inviting suppliers to participate in
GBR Phoenix Beard has acquired Optic Asset Management following several months of detailed discussions between the firms.
The new business will be called GBR Phoenix Beard and will trade with immediate effect. Optic’s London team is scheduled to re-locate from current offices in Wells Street to GBR Phoenix Beard’s Chandos Street base in March. The acquisition will mean that GBR Phoenix Beard will now have a base in central Leeds. GBR Phoenix Beard’s Birmingham office is largely unaffected by the announcement.
Optic is a niche property asset management company, established by David Offen and James Young in 2003. It
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
