Managers
Prime Meridian Capital Management has launched the Prime Meridian Small Business Lending Fund, giving investors the opportunity to invest in the growing sector of P2P small business lending.
Prime Meridian’s Income Fund was one of the first P2P lending funds in the US, with over 29 consecutive months of profitable returns without a single drawdown, and has a well-established track record. Prime Meridian has expanded its offerings by moving into the small business P2P lending space.
P2P lending is the practice of lending money to unrelated individuals (i.e. peers) without going through traditional financial institutions such as banks or
Investment fund Project Innovation has exited from another Chinese credit-finance project with a gross internal rate of return (IRR) of 28.19 per cent.
Project Innovation was structured by the BRJ China Credit Fund Limited and launched last year by ADAM’s Hong Kong-based investment manager Adamas Asset Management (HK) Limited, which invested GBP800,000 in the fund.
ADAM chairman John Croft, says: “In line with the strategic repositioning of the company, we are continuing to plan the orderly disposal of our existing asset portfolio to generate cash for investment in high-yield corporate lending in Greater China, where a large number of
Funds advised by CVC Capital Partners have acquired Paroc Group from its existing institutional shareholder group for an enterprise value of approximately EUR700 million.
Headquartered in Helsinki, Paroc is a producer of stone wool insulation in the Nordic and Baltic regions, producing building insulation and technical insulation for the residential and commercial construction markets, as well as various industrial applications. The group has approximately 2,100 employees and a pan-European sales presence, supported by nine production facilities in Finland, Sweden, Lithuania, Poland and Russia.
In a five-year period under the ownership of its current shareholder group, Paroc has grown its
Carey Olsen's financial and corporate and investment funds work in the Channel Islands, the Cayman Islands and the British Virgin Islands has been recognised in the 2015 International Financial Law Review 1000 (IFLR1000) guide.
The new results come just after the firm gained tier 1 rankings across all of its Channel Island practice areas in The UK Legal 500.
The IFLR1000 is a guide to the world’s leading financial law firms and is based on independent research which includes interviews with the featured firms, client and competitor feedback and market analysis from the past 12 months.
For the
Law firm HowardKennedyFsi has advised Christian Nellemann, chief executive and founder of XLN, following the decision by private equity firm ECI Partners to sell its stake in XLN to its management team.
XLN is a provider of fixed line and mobile telephony, broadband, energy and card processing services to small and micro businesses across the UK.
XLN’s management team is financing the purchase through vehicles managed or advised by GSO Capital Partners, a division of the Blackstone Group.
Paul Glassberg, a partner in HowardKennedyFsi’s corporate team, says: “I have been advising Christian for a number of years and
Samchully Asset Management has acquired a 34 per cent interest in Cardinal Gas Services (CGS), located in Ohio’s Utica Shale play, from TOTAL E&P USA and EV Energy Partners, who owned 25 per cent and nine per cent of CGS, respectively.
The total purchase price of USD544 million (USD612 million including purchase price adjustments) is comprised of 100 per cent cash. For purposes of the acquisition, Samchully AMC has established a special purpose vehicle that is owned by a new fund, with investors comprised of Korean pension funds and E1, a Korean strategic investor.
CGS is a wet gas
JZ Capital Partners Limited (JZCP) is to sell its equity interest in Milestone Aviation Group to GE Capital Aviation Services.
JZCP first invested in Milestone Aviation in September 2010, investing a total of USD15.1 million to date.
JZCP is expected to receive a total of USD40 million from the sale, representing an estimated multiple of equity Invested of 2.8x and an IRR of 36 per cent.
Milestone Aviation is the world’s largest helicopter leasing company headquartered in Dublin, Ireland. The company is focused on leasing helicopters to the oil and gas, and mining industries, as well as to
Deutsche Asset & Wealth Management’s DB Private Equity has held the first and final close of its Secondary Opportunities Fund III (SOF III) at the USD1.655 billion hard cap.
SOF III is dedicated to acquiring a diversified set of private equity fund interests and assets in the secondary market globally.
Carlo Pirzio-Biroli, global head of DB Private Equity and co-head of DB PE Secondary Funds, says: “We are very pleased to have received support from an impressive roster of institutional and private clients globally. In line with our proven value investing approach, we expect to deploy capital consistently across
Singaporean venture capital firm Infocomm Investments has launched in London and is extending its USD200 million fund to European tech start-ups.
At a launch event held at Central London’s Southbank Centre, the chairman of Infocomm Investments and executive deputy chairman of Infocomm Development Authority of Singapore, Steve Leonard, announced the fund’s first investment in Europe into the FinTech accelerator, Startupbootcamp FinTech.
Leonard says: “There are many smart cities around the world, but Singapore is building itself into a smart nation. This means we want to use exciting new technologies to better serve citizens of all ages and companies of all
AMP Capital has launched its Global Infrastructure Fund and has attracted a significant commitment from global private equity and infrastructure investor Pantheon into its global infrastructure platform.
AMP Capital has created the platform by converting its Strategic Infrastructure Trust of Europe (SITE) from an open-ended to a closed-ended European fund and launching the Global Infrastructure Fund.
SITE’s existing portfolio comprises USD750 million worth of assets, which will be shared with the Global Infrastructure Fund. The fund is aiming to raise a further USD1.25 billion of new commitments, giving the global infrastructure platform an overall target size of USD2 billion.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
