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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
Sun Life Financial is to acquire a majority stake in InfraRed Capital Partners (InfraRed), a global infrastructure and real estate investment manager. InfraRed advises institutional and pooled fund clients on approximately USD12 billion (CAD16 billion) in assets under management as of September 30, 2019. InfraRed is headquartered in London, UK and has more than 175 partners and staff.
InfraRed will form part of SLC Management, Sun Life’s alternatives asset management business. The acquisition is integral to Sun Life’s strategy of broadening its asset management pillar by extending the capabilities of SLC Management to the benefit of existing and prospective clients.
CurrentBody, an online retail specialist for home-use beauty devices, has now reached GBP10 million in funding with BGF this week joining NVM Private Equity in backing the Manchester-based business. The investment announcement comes as the company completed its strongest year to date, going live with its 11th international site and launching on Tmall in China.
Now the world’s largest supplier of beauty devices, CurrentBody’s brand partnerships include market-leading brands such as Tripollar, NuFACE and Smoothskin. It has also recently been named as a global strategic partner for L’Oreal’s Clarisonic range, the best-selling skin cleansing solution using sonic technology. Following five years
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