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Alex Lesch, Adams Street
In the following Q&A, Alex Lesch, Partner and member of the Investment Strategy and Risk Management team at Adams Street Partners, explains the importance of operational due diligence and why ongoing collaboration with GPs helps solidify investment confidence.
Private Equity firm Resolute Capital Partners (RCP) has joined Elliott Management, a hedge fund manager, and Soft Bank, a  high-tech funding firm, by investing in PLUM Lending (PLUM). Earlier this month, RCP completed a USD2 million equity investment in PLUM through its technology fund, Strategic Technology Assets II (STA II). STA II invests in early-stage technology companies within the healthcare, financial services, and regulatory sectors. RCP leadership believes these sectors are defensible due to each sector’s immense national and global demands. “More often, companies are demanding an investment partner that can provide operational expertise and support in addition to capital investments,” says
KKR has appointed Hidekazu Harada as a Managing Director in the firm’s Private Equity team based in Tokyo, effective immediately.Harada brings over 20 years of investment banking experience to KKR. He joins from Bank of America Merrill Lynch where he worked for 16 years and was most recently a Board member and Co-Head of Japan Investment Banking. At Bank of America Merrill Lynch he was primarily responsible for financial sponsors, TMT, mergers & acquisitions, management buyouts, and leveraged finance. Prior to his time at the bank, he spent four years at Daiwa Securities SMBC’s Tokyo and London offices where he
 Investor services group IQ-EQ has appointed Sukanya Lal as a Business Director in its Singapore team, with a primary focus on developing the group’s network and business opportunities in India.With almost 19 years’ experience in the finance industry, Lal has developed a successful career in business development and sales spanning multiple financial service sectors, including fund services, custody services, asset management and insurance. Before joining IQ-EQ in Singapore, Lal had held a series of senior business development roles spanning Mumbai and Delhi. Most recently, she was Associate Director of Business Development, Marketing and Sales for a leading global provider of
Bondstone, a Portuguese private equity real estate investment and asset management firm, has hired António Dias as its chief financial officer. Dias brings more than a decade of experience in corporate finance, M&A and private equity as well as programmatic portfolio management and will support Bondstone’s ambitious investment plans.   Dias joins Bondstone, which launched in February, from MarginKey, a Portugal-based consulting firm focused on small and medium-sized enterprises, in which he was founding partner and CEO. He is passionate about entrepreneurship and the private equity industry, having previously served at a leading Portuguese private equity firm, Oxy Capital. Dias obtained a degree in law from
Medical staff
German family-equity company Haniel has become a regional cornerstone investor of Gilde Investment Management’s Gilde Healthcare V fund. The growth capital fund focuses on healthcare sectors including digital health, medtech and therapeutics, both in Europe and North America.  The fund will have a special focus on private healthcare companies enabling improved care at affordable cost, according to Haniel. Treatment and diagnosis of infectious diseases like Covid-19 forms part of its strategy. Gilde Healthcare V raised EUR416 million and is supported by a mix of international investors. The fund will typically make equity investments in a portfolio company of between EUR10
Man working at laptop
Seafort Advisors has invested in Deskcenter AG, the parent company of Deskcenter UK, becoming the company’s new majority shareholder as a result.
Tokyo
As an asset class with a buy-to-sell cycle that typically lasts around five to seven years, you would be forgiven for thinking that private equity could weather the storm of Covid-19 more smoothly than other, more inherently volatile asset classes, can. That’s partly true.
Gemspring Capital, a lower middle-market private equity firm, has closed its second fund, Gemspring Capital Fund II (Fund II), with USD750 million of capital commitments.Gemspring secured commitments for Fund II from a globally diversified investor base comprised of leading endowments, foundations, family offices, consultants, insurance companies, pension plans and funds of funds. Each of Gemspring’s institutional investors from its first fund, which closed in 2016, committed to Fund II. Acalyx Advisors Inc. served as exclusive placement advisor and Kirkland & Ellis LLP served as legal counsel.  
Seven Seas Water, a specialist in Water-as-a-Service (WaaS) solutions, has been acquired by funds managed by Morgan Stanley Infrastructure Partners (MSIP). 

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