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Duff & Phelps has promoted five colleagues in London to managing director as part of 32 managing director promotions globally.
Mathias Schumacher, Duff & Phelps’ London City Leader, says: “We continue to invest in our talented team at Duff & Phelps in London. Our clients are increasingly seeking expert advice to help them navigate their complex challenges, and our new cohort of MDs in London and globally will form a valuable part of our future strategy and growth.”
The promotions in London are: Dan Nolan, Valuation Advisory Services, Kristina Isert, Governance, Risk, Investigations and Disputes, Paul Nash, Governance, Risk, Investigations
Crescent Capital Group, an alternative credit investment firm, has held the final closing of its second European specialty lending fund, Crescent European Specialty Lending Fund II (CESL II), with total limited partner equity commitments of approximately EUR1.6 billion. The fund has both levered and unlevered sleeves.
CESL II was meaningfully oversubscribed, exceeding its initial target of EUR1 billion as well as its initial hard cap. This fundraise represents a significant increase from its predecessor fund, Crescent European Specialty Lending Fund I (CESL I), which announced its final close in December 2015 at EUR500 million of LP capital commitments.
CESL II attracted
International law firm Proskauer has surveyed over 100 of its private credit clients to better understand the impact of the Covid-19 pandemic on the market.“Despite the unprecedented challenges our clients are facing, the overwhelming number of respondents reported that they are open for business. In fact, 86 per cent said they are actively looking for new lending opportunities,” says Stephen Boyko, co-chair of Proskauer’s Corporate Department and Private Credit Group. “While these are extraordinary times, the responses to our survey demonstrate that private credit firms are looking for deals, there is meaningful liquidity in the market, and that our clients
Inflexion Private Equity Partners is making donations totalling GBP 2.5 million to help alleviate the impact of the coronavirus outbreak via The Inflexion Foundation.
Inflexion said that the current pandemic is both “universal and severe” and that the firm recognises the need to support the most vulnerable at this time.
The foundation has donated GBP 2 million to the National Emergencies Trust to support their Coronavirus Appeal which is raising funds for local charities and grassroots organisations that can provide vital support to people.
The National Emergencies Trust was launched last year to raise and distribute funds for national emergencies.
YFM Equity Partners has held a final close of its Buyout Fund II with GBP80 million of committed capital and participation from new high net worth and entrepreneurial investors.
Buyout Fund II will follow on from YFM’s first buyout fund that closed on GBP45 million in April 2017, and which recently completed its investment programme, with ten investments made within three years.
“The majority of Buyout Fund I investors have come into the new fund which is a strong sign of support from our investor base,” said Mike White, YFM’s partner responsible for fundraising and investor relations.
“We’re also pleased
Accellion, a provider of an enterprise content firewall that consolidates, controls, and secures sensitive third party communications, has announced a USD120 million financing round led by Bregal Sagemount.The Accellion enterprise content firewall protects the IP, PII, PHI, and other sensitive content that companies share everyday with suppliers, customers, and partners. By consolidating security across common 3rd party communication channels, Accellion provides total visibility and security, while simplifying IT infrastructure to reduce costs.
“We are very excited to bring on Sagemount as a strategic and financial partner. Given their success investing in market-leading, high-growth software companies, we believe they are the right
The number of alternative fund managers choosing to market their funds into the EU through Jersey using national private placement regimes (NPPR) continued to grow in the second half of 2019, according to the latest figures from Jersey’s financial services regulator.Data from the Jersey Financial Services Commission (JFSC) shows that, as at 31 December 2019, there are 183 Jersey-registered managers opting to market into the EU through NPPR, a figure that has risen 6 per cent since June 2019 and by 9 per cent year-on-year.
Meanwhile, the total number of Jersey alternative funds being marketed into the EU through NPPR
Maven Capital Partners (Maven), has led an investment in Nano Interactive Ltd (Nano), an advertising technology business which specialises in intent targeting based on multiple signals including online search. Alongside the equity investment from Maven, the transaction has been supported by existing shareholders including Foresight Group LLP (“Foresight”).
The investment by Maven and Foresight will go towards supporting growth in sales and marketing operations, continued product development, as well as the establishment of an operation in the US.
To date the group has already delivered over 2000 campaigns through its award winning platform which connects brands with premium publishers
Arlington Capital Partners (Arlington) portfolio company, AEgis Technologies (AEgis) has acquired Excivity. Since its founding in 2006 by Matt Ramsey, Excivity has created and deployed mission-enabling technologies, including specialised security applications and situational awareness toolsets, for the National Security community. Excivity is led by Chief Executive Officer and Founder Matt Ramsey and Chief Technology Officer Roger Edmiston. Matt and Roger will join the leadership team of AEgis and continue to manage the Excivity business.
“We have known Matt for some time and have always admired the technical solutions that Excivity brings to their customers. Excivity’s high-end and differentiated capabilities in
Mourant has advised CVC Capital Partners, on its latest Asia focused private equity fund, CVC Capital Partners Asia V. The fund successfully closed at its hard cap of USD4.5 billion. CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners’ previous Asia focused fundraisings. The fund received demand from a diversified global investor base of new and returning investors and exceeded its US$4 billion target.
Mourant LP Partner, Felicia de Laat, says: “It’s fantastic to see yet another significant fundraising of this size being completed by a Jersey based manager,
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