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The vast majority of private equity Limited Partners are satisfied with the level of information they are receiving from fund managers on the state of their portfolio investments, according to the Brackendale LP Private Equity Sentiment Survey 2020. Some 92 per cent of LP respondents claim they are seeing proactive engagement, regular and thorough updates, analysis and action plans from most GPs on the impact of COVID on existing portfolios, with additional information often being provided via “COVID-calls”.
A more mixed review was given by the remaining 8 per cent of LPs, who claimed some GPs are not communicating enough, or
Global investment bank GCA Altium has adds to its European Debt and Restructuring team with the appointment of Gareth Owen as Director based in its Manchester office.
Rock Rail has appointed rail industry expert Hans Leister as a member of the Advisory Board of its newly formed German business. Leister is already working alongside members of the Rock Rail team supporting them in the introduction of unique funding solutions for the German railway.
Leister has almost thirty years of experience in the German rail sector spanning regional transport authorities, state owned and private sector operators and infrastructure managers. He has been a leading force in shaping key parts of the industry. In his roles with VBB (the transport authority for Berlin and Brandenburg) and Deutsche Bahn, he was
EQT Ventures has added deal partner Rania Belkahia to its team in the firm’s new Paris office.
With the opening of the new office in France, EQT Ventures now has teams on the ground in Paris, San Francisco, Berlin, Stockholm, London and Amsterdam. The firm’s current French portfolio companies include Tinyclues and Calldesk.
“The EQT Ventures team is delighted to have Rania on board to lead our search for exceptional founders in France and drive our ‘locals with locals’ approach from the new Paris office,” said Alastair Mitchell, partner and investment advisor at EQT Ventures.
Belkahia will be leading all
BlackRock Private Equity Partners, Aberdeen Standard Investments, Neuberger Berman, Investment Corporation of Dubai and RSIC are becoming minority shareholders in Nordic Capital-owned Trustly, an online account-to-account payments provider.
Nordic Capital remains the majority shareholder in Trustly, which it acquired in 2018. The deal will bring in additional long-term capital to support the company as it continues to invest in its products, infrastructure and expand globally, according to Nordic Capital.
Citigroup Global Markets Limited acted as financial advisor in connection with the transaction. Oscar Berglund, CEO of Trustly, said he welcomes BlackRock and the other investors as minority shareholders in
Enterprise Software as a Service (SaaS) vendor, My Digital Accounts, has appointed Nic Scott, former CEO and co-founder of Fairsail, as its chairman with immediate effect.Fairsail, who pioneered the mid-market SaaS HR market, was bought by the UK’s largest software company, Sage Group Plc (FTSE: SGE), in 2017 for an undisclosed nine figure sum to develop its Sage People cloud offering. My Digital Accounts (MDA), founded by trained accountant CEO John Whelan, has operations in the UK and India. Its investors include NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund set up
Silverfin has secured a significant Series B investment led by Hg, a specialist software investor and expert in the tax and accounting sector. The investment will be used to support the company’s expansion internationally as it responds to demand for its cloud service that consolidates real-time financial data, automates compliance reporting and improves financial planning. Silverfin was founded in 2013 in Ghent, Belgium and now has offices in London, Amsterdam and Copenhagen. The details and terms of the transaction have not been disclosed.
Joris Van Der Gucht, co-founder at Silverfin, says: “Our platform is the central nervous system thousands of
Law firm Womble Bond Dickinson (WBD) has advised Puma Private Equity which led a GBP6 million equity investment into Tictrac, a leading health engagement company. The corporate team was led by Partner Leon Miller, Managing Associate Alex Fergus and South African qualified lawyer Alice Millar who advised on the transaction.
This funding will allow Tictrac to expand its Employee Wellbeing (SaaS) platform in a bid to tackle increasing stress levels and health problems in the workplace – with nearly 80 per cent of workers in the UK experiencing some level of stress, it will help businesses empower their staff to take
Wing Venture Capital announced today that it has raised Wing Three, a USD450 million pool of capital dedicated to early stage investing and long-term company-building in enterprise technology. Like the firm’s predecessor funds, Wing Three has the backing of the venture world’s most sophisticated institutional investors. In a sign of the times, Wing Three was raised virtually with nearly all investor discussions occurring via video during the COVID-19 pandemic lockdown.
Wing Three will be invested to help founders build businesses that enable the “Modern Enterprise,” which is an agile workplace built on data and powered by AI. The firm invests early,
Cortland Capital Market Services has completed its rebrand to Alter Domus, a provider of fund and corporate services to alternative investment managers. Together, Alter Domus administers over USD750 billion of assets on behalf of 80 per cent of the largest private debt managers, real estate firms, and private equity houses globally.
Total private market assets under administration (AuA) in North America is expected to grow by 9.4 per cent to USD16.3 trillion by 2025.[1] For alternatives managers servicing these assets for end-investors, this unprecedented growth in AuA will increasingly place their back and middle office systems and processes under even
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