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Ryan Hicke, Executive Vice President and Chief Information Officer at SEI, is to become the company’s next chief executive officer and a member of its board of directors, effective 1 June, 2022.
Hicke will succeed Founder Alfred P West, Jr, who is transitioning to the role of Executive Chairman after successfully leading and growing SEI for more than 50 years. The executive management team, currently reporting to West, will report to Hicke effective 1 June.
Throughout his 24-year career at SEI, Hicke has held a number of senior leadership positions across the company’s global businesses, playing an important role in
Hazeltree, a provider of integrated treasury and liquidity management solutions for investment managers, and LGT Capital Partners have completed the initial phase of implementation of Hazeltree’s cash and liquidity management solution.
This phase is focused primarily on aggregating and automating LGT Capital Partners’ cash wires activity, replacing a legacy application. It establishes the platform for further enhancing LGT Capital Partners’ fund financial management operations by aggregating, optimising and improving execution of its cash, debt and liquidity management processes.
Luxembourg fund administrator, EFA, has selected NeoXam for a core Trade Settlement service based on NeoXam Tracker3, with a strong focus on the CSDR (Central Securities Depositories Regulation) requirement, alongside a bespoke digital reporting project.
NeoXam Tracker3 allows EFA Middle Office service to track the entire settlement process of all active trades in near real-time.
A dedicated online dashboard application has been designed to enable EFA’s clients to have digital access to the settlement status of their trades.
NeoXam’s software is designed to meet CSDR’s objectives of improving the efficiency and transparency of settlements in Europe.
EFA is an independent
Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has closed its equity recapitalisation of portfolios company Cologix, the largest private interconnection and hyperscale edge platform in North America.
At USD3 billion in equity value, the transaction represents the largest single asset continuation vehicle raised in digital infrastructure to date. Cologix also completed a USD1.65 billion asset-backed securitisation earlier this year to support continued growth.
The recapitalization was effectuated as a sale of Cologix by Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to Stonepeak-managed vehicles comprising a combination of existing Fund II investors who have chosen
Labster, a platform for virtual labs and interactive science, has raised USD47 million in a funding round led by Sofia Group and Pirate Impact.
Existing investors Owl Ventures, Andreessen Horowitz, EduCapital, NPF Technologies, and GGV Capital, also participated in the round. They are joining the Series C round announced in 2021 led by Andreessen Horowitz. Additional investors included Balderton Capital, Northzone, Swisscom Ventures, and David Helgason, founder of Unity Technologies.
This new capital infusion will enable Labster to further develop in Europe and the United States and to establish itself within Asia and Latin America.
Total investment in Labster now
One Rock Capital Partners (One Rock), a value-oriented, operationally focused private equity firm, has appointed Andrea (AJ) Skobel to its team of operating partners.
Working in conjunction with One Rock operating partner Mike Anderson, Skobel will be responsible for driving post-acquisition value at One Rock’s portfolio companies primarily through strategic talent and organisational development solutions and alignment of human resource strategy with business and operational strategies.
Skobel brings over 20 years of experience in executive human resource management, talent acquisition and leadership development. Prior to joining One Rock, Skobel spent nearly a decade at IDEX Corporation and prior to
Modulize, a collaborative software solution for offsite construction that optimises design, planning, and procurement, has raised a EUR1.9 million seed round led by KOMPAS.
Pi Labs, Investinor, real estate developer Møller Eiendom, and Antler also participated in the round.
The funding will allow Modulize to develop its product and grow its existing organisation as it expands into different European markets.
Low Carbon Innovation Fund 2 (LCIF2) has invested in Adaptavate Limited as part of a capital raising round of over GBP1.3 million. Other investors include Counteract, One Planet Capital and Perivoli Innovations.
The company has also secured a grant of over GBP800,000 from Innovate UK under its Transforming Foundation Industries programme.
Adaptavate is developing Breathaboard, a low carbon, bio-based plasterboard whose sustainability credentials are superior to standard gypsum-based wallboards. The company also supplies Breathaplasta, a lime-based plaster that regulates moisture and improves insulation to deliver a healthier and more energy efficient environment.
Lightyear Capital (Lightyear), a New York-based private equity firm focused on financial services, has appointed Maria Veltre as a Senior Advisor to Lightyear Fund V and its parallel investment vehicles (Lightyear Fund V).
Veltre brings more than three decades of experience working in marketing, customer experience, digital platform development, pricing strategy, and product development, as well as regulatory compliance.
Veltre was appointed to the Board of Allworth Financial, a Lightyear Fund V portfolio company, in September 2021.
Previously, she was the US Head of Digital and Innovation at Santander, a role she took on from 2018 to 2020.
LinkSquares, the company behind an AI-powered contract management platform, has raised USD100 million in a Series C financing lround ed by G Squared.
New investor G2 Venture Partners as well as existing investors also participated in the round which brings the company’s total funding to USD161.5 million, at a current valuation of USD800 million.
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