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genesis, an international capital markets software firm has held the closing of its second capital raise, securing USD1.8 million of investment in a round that was led by Illuminate Financial Management, a UK-based capital markets venture capital firm and Tribeca Early Stage Partners, a New York venture group.
genesis has now raised USD5 million since its first external capital injection in November 2018.
The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.
Across the entire capital markets industry, firms
Blackfinch Group has launched the Blackfinch Spring VCT, an investment portfolio of technology and technology-enabled companies, which have already raised funding, gained traction and are seeking to accelerate the scale-up process.
The Spring VCT will also be a natural follow-on funder for the Blackfinch Ventures EIS Portfolios, which invests in technology-focused companies on the cusp of their growth journey.
Blackfinch Group’s existing businesses, including Blackfinch Ventures and Blackfinch Investments, have been focused on investing through these current EIS portfolios, as well as other tax-efficient solutions including the Adapt IHT and AIM portfolios. The Blackfinch Ventures EIS Portfolios have this year
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
The Fund exceeded its USD2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” says George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilise our deep experience through many market
Nordic investment manager Storebrand Asset Management (Storebrand) has selected Northern Trust as asset servicing provider to its AIF and UCITS funds domiciled in Luxembourg.
The Standards Board for Alternative Investments (SBAI) has published a memo on co-investments which was developed by the Standards Board’s Governance Working Group.
The Standards Board is the global standard-setting body for the alternative investment industry, providing a collaborative platform for institutional investors and alternative investment managers to standardise and improve industry practices and streamline investor due diligence. It is supported by over 200 alternative investment managers and institutional investors who collectively manage USD4.5 trillion.
Co-investments have become increasingly popular in alternative funds, not just in Private Equity and Real Estate, but also in other liquid and illiquid alternative investment
BGF – the UK and Ireland’s most active investor in growing businesses – has appointed James Marshall to its Manchester investment team, covering the North West.Marshall joins from Clearwater International and brings more than five years of working on deal origination, having joined the business with an economics degree in 2014.
Marshall’s role at BGF will see his continued focus on deal origination as he works alongside the investment team to identify ambitious entrepreneurs and management teams looking to secure investment to support their growth ambitions.
Commenting on his appointment, Marshall says: “BGF’s team in the North West has
Professional services firm Alvarez & Marsal (A&M) has expanded its Asia restructuring team with the senior appointments of Tiffany Wong and Kitty Yeung as Managing Director and Senior Director respectively in Hong Kong.Individually, Wong and Yeung bring two decades of expertise in corporate restructuring and insolvency, demonstrating A&M’s commitment to enhancing its capability in these lines of service in Asia and maximising value for clients across the region.
Wong has extensive experience in corporate insolvency and dispute resolution in Mainland China and the Hong Kong SAR. Prior to joining A&M, she was a Partner & Head of Insolvency at KPMG
SSE Renewables is to expand its onshore wind pipeline through the acquisition of a 29-turbine, shovel-ready consented wind farm development in Ireland with an installed capacity in excess of 100MW, subject to final turbine selection. SSE Renewables has acquired the Yellow River Wind Farm project outside Rhode in County Offaly from Green Wind Energy (Wexford) Ltd. The project was granted full planning consent in 2014.
On-site pre-construction works have already commenced, and SSE Renewables expects to begin full construction of the wind farm in late 2020 with an expected project completion date in 2022. The project is expected to support up
Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, has completed a significant growth investment in Fortis Payment Systems (Fortis), a payments technology and merchant services provider. Financial terms of the private transaction have not been disclosed.
Headquartered in Novi, Michigan, Fortis provides payment technology and processing capabilities to developers and businesses throughout North America. The Company’s proprietary payments platform, Zeamster, creates integrated commerce experiences for software and ERP providers as they transform the way businesses interact with their customers.
“Fortis has developed a highly configurable, powerful payments platform with industry-leading technical and security
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