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FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has promoted Chris Harris and Cas Schneller to Managing Partner.Harris and Schneller, who have both been with FFL for more than a decade, will join existing Managing Partners and co-founders Spencer Fleischer and Tully Friedman in overall management of the firm. They will have responsibility for overseeing the firm’s investments, operations, investor relations and strategic growth activities, while continuing to lead their respective investment strategies.   “These promotions reflect the invaluable contributions Chris and Cas have each made to FFL over the years. This new
eFront’s latest research finds that recent historically low levels of capital calls from LBO funds could protect them as markets fall into recession.According to the Private Markets in Downturns: 3 Observations report, which looks at LBO and VC performance during crises, the record performance of 2003 and 2009 vintage years in the US LBO market, as well as of 2002 and 2008 vintage years in European LBO market, indicate that funds that invest during a recession or in the early stages of recovery generate superior performance. Funds that suffered the hardest hit on their NAVs meanwhile, are those with investment
eFront’s latest research finds that recent historically low levels of capital calls from LBO funds could protect them as markets fall into recession.According to the Private Markets in Downturns: 3 Observations report, which looks at LBO and VC performance during crises, the record performance of 2003 and 2009 vintage years in the US LBO market, as well as of 2002 and 2008 vintage years in European LBO market, indicate that funds that invest during a recession or in the early stages of recovery generate superior performance. Funds that suffered the hardest hit on their NAVs meanwhile, are those with investment
The State Street Private Equity Index (SSPEI) posted its second highest quarterly return in the past two years at 4.35 per cent return in the fourth quarter of 2019, up from the 0.82 per cent return in Q3 2019. Venture Capital funds rallied 5.68 per cent after last quarter’s decline of -0.05 per cent return, followed by 4.24 per cent return from Buyout funds and 2.43 per cent return from Private Debt funds. “Private Equity performance rebounded in Q4 and scored a respectable 14.22 per cent annualised return for 2019. The total capital raised in 2019 also surpassed the previous peak
Livingbridge, one of the UK’s leading mid-market private equity investors, has invested in Irish insurance and financial services group Chill Insurance (Chill).Headquartered in Dublin where it employs almost 250 staff, Chill was founded in 2006 by brothers Padraig and Seamus Lynch and has subsequently grown into one of the largest independent personal lines insurance broker in Ireland with over 200,000 policyholders, representing a 6 per cent market share.   Chill has successfully disrupted the Irish personal lines insurance market through its strong brand and multi-channel distribution capabilities, offering high-quality service, whole of market choice through a panel of 14 major
Clearstream is to employ Finomial’s client lifecycle management technology to automate trade documentation completion for alternative investments.Read the full story at Hedgeweek…
SLAMcore, a UK company developing spatial AI algorithms for robots and drones, has secured USD5 million in a funding round led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners and Toyota AI Ventures. The funding will allow SLAMcore to meet the increasing demand of the robotics market, which has seen demand skyrocket due to Covid-19. This has occurred particularly in drone, robots and AR/VR usage, as effective robotics solutions that can support the ‘new normal’ of a post-Covid-19 crisis world are accelerating.  SLAMcore has seen a spike in demand from companies looking to apply robotics with enquiries
Susquehanna Growth Equity (SGE) has appointed Adam Feigenbaum as a senior advisor.Feigenbaum joins SGE following nearly 20 years at iCIMS, Inc. (“iCIMS”), where he helped to develop the company’s go-to-market strategies and operations infrastructure that led it to become the world’s leading, best-in-class talent acquisition software provider. As Chief Customer Officer, he worked to ensure sales and customer service delivery strategies were aligned, integrated and optimised to create optimal customer experience.   “SGE has created a unique culture internally and among its portfolio companies that is collaborative, creative and forward-thinking. I am thrilled to join the team and look forward
Global downturn
CEPRES is offering a Risk Analysis & Rating Dashboard on its platform to support LPs in understanding the impact of the Covid-19 crisis on their portfolios. CEPRES’ Health Check Rating System is based on the CEPRES Platform’s flexible analysis dashboarding system and can inform investors on whether their private market portfolio is in good position to face major challenges ahead. The Platform allows the rating of users’ portfolios according to a predictive methodology derived on the granular analysis of development pattern of more than 80,000 portfolio company investments during former crises and recovery phases, as well as CEPRES’ own economic
Coronavirus crisis
The coronavirus crisis and nationwide lockdown have given clarity on how to evaluate companies’ ability to tackle social issues, “crystallising” what the S in ESG stands for, according to Bas NieuweWeme, CEO of Aegon Asset Management. The impact from coronavirus and the changes to the way people have had to both work and live means this has now come to the forefront, according to the investment manager.   “The lockdown has allowed a crystallisation of the real performance on social issues versus mere policies and positioning,” said NieuweWeme.   He continued: “We can now look at how companies have behaved

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