Latest News
Private equity (PE) firms are holding their in-house lawyers responsible for outside counsel costs, but the organisational structure of PE houses and lack of data inhibits their ability to control legal expenses. That’s according to a new study by Apperio titled Responsibility Without Control? Challenges Facing Private Equity Legal Leaders in 2021.
The study, which is based on an independent poll of 160 in-house legal professionals at PE organisations, found about two-thirds (62 per cent) are accountable for selecting preferred law firm partners. However, fewer than half (46 per cent) are responsible for approving budgets on new legal projects – and
- 12/01/2021
Funding secured by cybersecurity start-ups since the start of lockdown in March increased by more than half compared to the same period in 2019, according to new research released today by Plexal and Beauhurst.
- 12/01/2021
RFA, a specialist IT provider to the financial services industry, has moved to new offices in Mayfair, London. Read the full story at Hedgeweek…
- 12/01/2021
- 12/01/2021
Proteus, a registered investment advisor, alternative investments and private funds platform, has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks. Read the full story at Wealth Adviser…
- 12/01/2021
Institutional investors are planning to increase allocations towards private markets in 2021, with a particular focus on small and medium-sized US private equity funds as well as venture capital, secondary and co-investment funds, according to Commonfund Capital’s fourth annual private markets investor sentiment survey.
- 12/01/2021
Akin Gump has advised Swedish e-commerce investor eEquity on the launch of its fourth fund, eEquity IV, which has raised SEK1.6 billion (USD195 million). The fund will support scale-ups and high-growth SMEs (small and medium-sized enterprises) and small mid-caps in several EU member states, with a focus on Nordic countries.
The newly launched joint European Commission and European Investment Fund (EIF) “European Scale-up Action for Risk Capital” (ESCALAR) pilot program, backed by the Investment Plan for Europe, made its first investment, EUR37.5 million, into the fund.
Patrik Hedelin, managing partner at eEquity, says: “We are very pleased with the fund size
- 12/01/2021
BGF anticipates a strong pipeline for 2021 after marking a strong run of investment activity in 2020, despite the challenging economic backdrop of Covid-19. Over the last nine months, the investment team for Scotland and Northern Ireland has delivered a cornerstone investment in Scotland’s first IPO for two years, invested GBP37 million in over 12 growth businesses and completed the partial exit of one of its longest-standing portfolio companies.
BGF believes 2021 will see a reset in thinking among entrepreneurs after the firm experienced a sharp uptick in enquiries during the last two months from companies either directly or through their
- 12/01/2021
CVC Capital Partners’ (CVC) CVC Growth Fund is to sell Kount Inc (Kount), a provider of Artificial Intelligence (AI)- driven fraud prevention and digital identity solutions, to global data and analytics company Equifax in a deal valued at USD640 million.
- 12/01/2021
Enfusion, a specialist in investment management technology solutions and services, has received a USD150 million minority investment from ICONIQ Growth. The funding is an endorsement of Enfusion’s pioneering cloud-native SaaS approach to breaking technological barriers and removing informational and operational constraints for its investment management clients. In line with Enfusion’s continued profitability and growth, this funding values the Company at $1.5 billion. ICONIQ Growth joins FTV Capital and Hillhouse Capital as institutional investors in the company.
Over the last several years, traditional and alternative asset managers using Enfusion’s integrated front-to-back office software and services have used the platform to simplify
- 12/01/2021
Foresight Group (Foresight), an independent infrastructure and private equity investment manager, has made a GBP3.5 million growth capital investment into IMMJ Systems Limited (IMMJ), a rapidly growing electronic document management solution (EDMS) supplier, with a focus on healthcare.Founded in 2015, by a team experienced in enterprise IT and NHS technology distribution, IMMJ developed MediViewer. This leading EDMS addresses a critical challenge for healthcare providers, digitising patient records and providing a single, easy access interface for clinical caregivers. MediViewer is highly intuitive, secure, quick to implement and works seamlessly with other software systems, achieving high user adoption rates and leading to
- 12/01/2021
- 12/01/2021
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