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HIG Capital (HIG), a global alternative investment firm with over USD47 billion of equity capital under management, has made several senior level promotions.
The executive leadership team has been expanded with the promotions of Stuart Aronson and Jordan Peer Griffin to Executive Managing Director.
Aronson has been promoted to Executive Managing Director of HIG Capital and Chief Executive Officer of HIG WhiteHorse US, HIG’s US direct lending affiliate.
Peer Griffin meanwhile, has been promoted to Executive Managing Director of HIG Capital. She leads HIG’s Capital Formation Group globally across the firm’s private equity, growth equity, credit, infrastructure, real estate, and
Godspeed Capital Management (Godspeed Capital), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, has acquired Exceptional Software Strategies (ESS), a provider of information technology solutions to mission-oriented Federal agencies, including members of the Intelligence Community and Department of Defense agencies.
The financial terms of the transaction have not been disclosed.
ESS will join Godspeed Capital’s recently formed high-end cyber and technology solutions platform holding company, designed to provide US Defence and Intelligence Community agencies with a full suite of solutions to combat an increasing and ever-evolving level of cybersecurity and intelligence threats.
Mercer Global Advisors, a full-service wealth management firm and national Registered Investment Adviser (RIA) backed by private equity firms Genstar and Oak Hill Capital, has acquired Wrenn Financial Strategies, a wealth management firm located in Raleigh, North Carolina.
Wrenn serves over 150 clients with assets under management (AUM) of approximately USD238 million.
Wrenn is focused on providing leading financial planning and investment management services to its clients using an ensemble team approach among Wrenn’s three CERTIFIED FINANCIAL PLANNER™ professionals and other team members.
The ACCESS Pool has this month appointed MJ Hudson, a specialist service provider to the asset management industry, as implementation adviser for the pooling of illiquid assets, including private equity, infrastructure, private debt and real estate.
As implementation advisor, MJ Hudson will provide support to the Pool in selecting individual investment opportunities and investment managers to build portfolios in a range of illiquid assets.
The ACCESS Joint Committee will use MJ Hudson’s analyses and recommendations to inform their future actions and to meet the requirements and ambitions of local Authorities within the Pool. The first illiquid vehicles are expected to
European credit manager Pemberton is opening a new office in Duba, which will be led by Anis Ghamgui who has joined the firm from BlackRock as Managing Director and Head of Middle East and Africa.
Ghamgui brings over two decades of experience in business development. Prior to joining Pemberton, he spent two years as Head of the Institutional Client Business for the Middle East and North Africa at BlackRock, whilst also sitting on the EMEA ICB Executive Committee.
Pemberton plans to increase its presence in the Middle East over the next few years by bringing on board local talent with
Alternative investment firm Kensington Capital Partners has appointed LemonEdge to provide a front-to-back office accounting solution for its operations.
The growing requirement by PE and VC firms to have the highest efficiencies, whilst dealing with complexity in an agile manner is becoming more of a prerequisite for staying ahead in the market. In addition, everyone is looking for ways to deliver efficient, accurate content to clients with the goal to ultimately provide the highest level of client service. There is no longer the time to manually process calculations, post multiple transactions, or run separate systems for the end-to-end accounting and
ECI Partners, a growth-focused mid-market private equity firm, had a strong 2021, completing seven exits with a combined value of GBP2.5 billion.
Together, these exits averaged a return of 3.5x, and include the sale of CPOMS, Content+Cloud and the IPO of tech unicorn Auction Technology Group (ATG). ATG was the best performing IPO in London during 2021 (above GBP50 million market cap) and is now a FTSE 250 constituent.
ECI continued its strong record of supporting companies to unlock growth opportunities through M&A, with the portfolio completing 14 acquisitions in total last year.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested USD50 million in Giift, a specialist in loyalty programme management and development.
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.
The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is now ready to launch new products.
Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing
Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital.
Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at USD46 million.
The funding will be used to scale Boosted Insights, the company’s web-based platform that brings explainable machine learning tools to investment managers. By using Boosted Insights, portfolio management teams can augment their existing investment processes, source new ideas and manage risks through AI without any prior
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