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HSBC Asset Management (HSBC AM) has launched a new venture capital investment strategy aimed at investing in companies that will participate in the transformation of financial services.
The strategy will provide clients with exposure to B2B companies which offer either software or financial services to enterprises or institutions. It will typically participate in series A and B funding rounds of companies with business activity in Europe and Asia. The strategy is aimed at institutions seeking to access innovative companies, including institutional asset allocators, family offices, private banks and ultra-high net worth individuals.
The strategy will be run by Remi
Healthcare Financial Resources (HFRI), a specialist in healthcare accounts receivable (AR) recovery and resolution management, has acquired California-based STAT Revenue, a leading provider of zero balance (closed) claims review and recovery services for hospitals and health systems.
The acquisition rounds out HFRI’s AR management capabilities by adding the final stage of claims recovery to the company’s portfolio of other back-end services. STAT Revenue’s team provides highly specialised, forensic-like reviews of zero balance claims to identify underpayments and recover lost revenue from government and commercial payers.
“We feel very fortunate to be aligning with an organisation of STAT Revenue’s caliber,” says
AXA IM Alts has raised EUR1.9 billion of equity to accelerate investments into the Life Sciences sector.
The capital was raised over the last seven months, with commitments to a significantly oversubscribed fund raise from a range of clients from North America, Asia and Europe. AXA IM Alts’ investments into the life science sector on behalf of clients are managed by its Real Assets platform, the leading real estate portfolio and asset manager in Europe.
Already well established in the US, Life Sciences is an emerging but high potential asset class in Europe which is supported by a number
Antin Infrastructure Partners has acquired Pulsant, a nationwide provider of data centre and cloud infrastructure in the UK.
Pulsant owns and operates a portfolio of 10 data centres across seven cities in the UK. It provides essential data centre and cloud infrastructure, including colocation, private cloud, and network connectivity to a loyal base of over 1,000 private enterprise and public sector customers.
Demand for UK data centre and cloud infrastructure is expected to continue growing significantly in the coming years. This growth is underpinned by fundamental macro trends including increased outsourcing of IT and data infrastructure – particularly among
Maples and Calder, the Maples Group’s law firm, has advised Literacy Capital on a first-of-its-kind dual listing on the Specialist Fund Segment of the London Stock Exchange and on the Cayman Islands Stock Exchange (CSX). The offering, which closed on 25 June 2021, took approximately two months to arrange with the listing on the CSX only taking two weeks from start to listing.
A team based in the international law firm’s London office acted as Cayman Islands counsel to the issuer on this unique transaction that enabled a closed-ended UK investment company to successfully structure and qualify as an investment
Randy Schwimmer, who heads up senior lending origination and capital markets at Nuveen affiliate Churchill Asset Management, outlines how he experienced the lending market throughout the global Covid-19 crisis and how it keeps evolving in 2021.
Star Mountain Capital’s Lower Middle-Market Strategic Credit Income Fund 3, which closed in June 2020 above its target equity raise (over USD610 million of LP capital including separate accounts), closed a USD225 million asset-based leverage facility, led by ING Capital. to provide what the firm believes to be a modest amount of leverage for its sophisticated institutional and high-net worth investors in the fund.
Star Mountain received strong demand and support from financial institutions with this single closing oversubscribed by approximately 40 per cent.
The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking
Ocorian, a global leader in corporate and fiduciary services, fund administration and capital markets, has appointed Marc van Rijckevorsel as Head of Business Development – Corporate and Fund Services for the US. He is based in New York.
Van Rijckevorsel reports to Ocorian’s Chief Commercial Officer, Simon Behan, who remarked “We are delighted to welcome Marc to our team at this exciting stage of our growth. His commercial experience, expertise and client-focused approach will be instrumental in driving new business development for Ocorian both in the US and globally.”
Van Rijckevorsel has extensive experience working with large private equity, real
Palamon Capital Partners (Palamon) is to sell Feelunique to Sephora, the an omnichannel Prestige Beauty retailer owned by LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group.
The transaction is expected to complete later in the second half of 2021 following customary regulatory clearance. The terms of the sale have not been disclosed.
Headquartered in London, Feelunique is a renowned online retailer of prestige beauty products in the UK, offering its 1.3 million active customers an unparalleled range of 35,000 products from more than 800 established luxury, niche, independent and challenger brands. Palamon acquired Feelunique from its founders,
A start-up with a platform that trains robots to recognise images has completed a GBP2.3 million funding round to help it build its team in Yorkshire and expand sales of its product worldwide.
The investment in Sheffield-based Mindtech Global was led by NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), with Deeptech Labs and In-Q-Tel participating.
Mindtech’s Chameleon platform reduces the time and cost involved in bringing artificial intelligence (AI) systems to market by changing the way visual AI systems are trained. Visual AI systems can have
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