Managers
HIG Bayside Capital, the distressed debt and special situation affiliate of HIG Capital (HIG), has held the final closing of HIG Bayside Loan Opportunity Fund V with aggregate capital commitments of USD1.5 billion, exceeding its target.
The Fund will continue HIG’s investment strategy of focusing on investments in small-cap, special situation credit opportunities in Europe. With offices in London, Hamburg, Madrid, Milan and Paris, HIG Capital believes it has the largest platform in Europe focusing on investing in the lower end of the capital markets.
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, says: “We are delighted with the strong
Prestige Funds, is launching two new distribution share classes for its recently launched Prime Alternative Finance – Luxembourg SICAV.
The Fund is an open-ended direct lending operating in both asset finance and project finance focusing on the UK agriculture sector, particularly SMEs.
The new share classes are:
• Distribution ID share classes are aimed at institutional investors with a minimum investment of EUR 1,000,000 (or currency equivalent) and quarterly liquidity (on 90 days’ notice)
• Distribution D share classes are aimed at advisory investors with a minimum investment of EUR 125,000 (or currency equivalent) and quarterly liquidity (on 30 days’
This week, research by Cambridge Associates finds that sector-specialist PE funds have accrued almost a 5 per cent higher internal rate of return than generalist funds, with healthcare funds leading the pack.
Specialism applies equally to the highly competitive PE secondaries arena, within which one of its leading players, Adams Street Partners, has just raised over USD1billion for its sixth Global Secondary Fund.
And in other developments this week, could the power of collaboration encourage improved deal sourcing and encourage value creation? That’s the hope of The Optimum Alliance, a new platform created by H2 Equity Partners, Sherpa Capital and Auctus
Adams Street Partners has closed the Adams Street Global Secondary Fund 6 with approximately USD1.05 billion in capital commitments. Since April 2016, Adams Street has raised over USD2 billion in capital commitments intended to be invested in secondary investments, including within the Global Secondary Fund 6.
The programme received strong demand from institutional investors worldwide, with commitments from both new and existing investors in the United States, Europe, and Asia. The diverse array of investors included public and corporate pension plans, insurance companies, foundations, endowments, family offices and high net worth individuals.
“We are thrilled to receive strong support
The private equity fund of Kempen Capital Management (Kempen), the Kempen European Private Equity Fund, has raised over EUR45 million at second closing taking the total fund size to date to more than EUR120 million.
The group of investors in the fund predominantly consists of (former) entrepreneurs, experienced private equity investors, and captains of industry. They come from the Netherlands, Belgium, and Switzerland.
Sven Smeets, Co-head Private Markets, says: ‘This group of investors contributes to the broadening of the investment network in our home market. In addition, Van Lanschot Kempen staff invests in the fund with their own private
Palatine Private Equity has completed the management buyout of SMP Group, after receiving regulatory approval for the deal.
Established in 2007, SMP Group has grown into a leading international provider of fund administration and corporate and trust services. Headquartered in the Isle of Man, the company now employs over 200 people across seven global offices, which include Jersey, Switzerland, Malta, Hong Kong, Cayman Islands and the Bahamas.
The MBO comes as part of a planned leadership succession process which will see the former group business development director, David Hudson, move into the role of group CEO. He will be
IK Investment Partners’ (IK) IK VIII Fund is to acquire LAP Laser Applikationen (LAP), a provider of laser positioning systems as well as quality assurance (QA) software and hardware used during radiotherapy treatments, from capiton.
LAP was established in 1984 and provides laser measurement and projection systems used in highly attractive and diversified niche end-markets within the healthcare and industrial segments.
“With our high precision and easy to use measurement and projection systems, LAP has formed long-standing relationships with our global radiotherapy and industrial blue-chip customers. IK is the perfect partner as they have a genuine understanding of the medical technology
Floreat has completed an investment into fintech firm CreditEnable via its Principal Investment Fund I Limited, which is headed up by Jeff Sinclair.
CreditEnable, which was recently named as one of the Inclusive Fintech 50 by MetLife foundation and Visa Inc, provides technology and credit analytics solutions for Small and Medium Enterprise (SME) lenders. Focusing on expanding access and usage in underserviced areas, the firm develops credit profiling tools for SME borrowers to enable them to secure affordable debt.
Based in London with offices in Mumbai, the firm has commercial relationships with multiple lenders who represent billions of dollars
Carey Olsen’s corporate team in the Cayman Islands has advised Brazilian corporate fitness startup Gympass on its latest funding round which has secured commitments of USD300 million – investment that puts the valuation of the company at more than USD1 billion.
The company, which was founded in Brazil in 2012 and moved its headquarters to New York in 2018, has more than 40,000 gym and studio partners and provides monthly passes to over 2,000 companies in 14 countries so that they can help pay for fitness programmes and classes for workers.
Gympass’ latest funding came from Japanese investment group
Research from Cambridge Associates, the global investment firm, shows that investments by sector-specialist private equity funds outperform those made by generalist private equity funds by 4.7 per cent.
For investments made from 2001 to 2014, the average Internal Rate of Return (IRR) on investments made by private equity funds focused on a single sector was 22.6 per cent, compared with 17.9 per cent for investments made by generalist private equity funds.
When comparing returns for investments made in a single sector by a specialist fund with those made by generalist funds, the outperformance of specialists holds. As seen in the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
