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The large majority (70-80 per cent) of North American and Asia-Pacific LPs believe their private equity portfolios need modifying to prepare them for the next economic downturn, according to Coller Capital’s Global Private Equity Barometer.
European investors are more sanguine, with only 45 per cent believing their portfolios need modification.
Despite this difference, nine out of ten LPs acknowledge the significant risks to their medium-term PE returns posed by today’s macro environment and high asset prices. When the cycle does turn, almost all LPs expect to see a significant divergence in performance between GPs and between funds.
“We
New London-based investor, Inspirit Capital, is to focus on acquiring and transforming small and medium-sized businesses that are experiencing strategic, operational or financial complexities.
Inspirit Fund I successfully hit its GBP50 million hard cap attracting committed capital from a select group of blue-chip institutional investors for investment in UK headquartered businesses. This comes at a time when domestic and global market dynamics, as well as the political backdrop, are impacting many UK businesses, which in turn is creating an interesting environment for special situations investors.
Despite this opportunity, the number of special situations investors operating with committed capital in
Accelerate Financial Technologies (Accelerate), a provider of institutional-caliber hedge fund and private equity ETFs for investors seeking long-term performance, has appointed Fred H Mannix, CIM, as Vice President, Investment Management.
“We’re pleased to have Fred join team Accelerate as an officer and shareholder,” says Julian Klymochko, CEO of Accelerate. “Fred will be substantially accretive to the Company by bringing his vast network, unique insights and notable experience running bottom-up, value-based long/short equity strategies on a proprietary basis.”
Mannix’s priority will be to drive Accelerate’s Standard Wealth division, which will offer unique traditional and alternative investment solutions for Canadian, US and
BID Equity, a DACH-region software buyout specialist, has closed BID Equity Fund II at its hard cap of EUR125 million in its second and final close, with a significant additional commitment by the BID Equity team.
Hamburg-based private equity firm BID Equity is pleased to announce the successful final closing of its advised BID Equity Fund II, the first institutional fund following three years of deal-by-deal investment activity in the small-cap software space in Europe.
BID Equity Fund II attracted a diversified group of institutional blue-chip investors, international family offices and entrepreneurs from Europe and the US. The Fund was
Iotic has secured investment of EUR7.5million to accelerate growth and meet increasing demand for its digital twin technology.
Iotic enables enterprises and their ecosystems of assets, objects, companies and people to interact automatically and securely. The digital software company provides the secure operating environment and tools to create digital twins of any thing, enabling their secure interactions, and building true interoperable ecosystems.
The investment from leading European VCs; IQ Capital, Talis Capital and Breed Reply, will drive rapid deployment, deepen channel partnerships and expand market adoption of its patented Iotic Operating Environment, Twin technology and Event Analytics. The funding
BlackRock’ has held the first close of the European Middle Market Private Debt Fund II, its European direct lending strategy, with EUR1.5billion in commitments – including segregated mandates.
The fund is managed by Stephan Caron.
The first close of EMMPD II has surpassed the final close of the previous fund (EMMPD I). The Fund has received commitments of EUR1.2 billion with a further EUR300 million in segregated mandates equating to EUR1.5 billion from 24 investors since its launch in June. The previous strategy held its final close at EUR1.1 billion, excluding separate accounts
The fund has received commitments from both
Jill Wight is to join Morgan Stanley Capital Partners, Morgan Stanley Investment Management’s (MSIM) middle market private equity investment team, as a Managing Director.
Wight will be an Operating Partner leading MSIM’s operational efforts for consumer and healthcare. In this role, she will work closely with Aaron Sack, MSCP’s Fund Head and Jim Howland, MSCP’s Head of Portfolio Operations. An industry leader, Wight has deep experience driving value at portfolio companies through operational initiatives.
Wight joins from The Carlyle Group where she was a Principal and Head of Portfolio Operations for Carlyle Equity Opportunity Funds. During her time at Carlyle, she
Private equity firm Lonsdale Capital Partners’ (Lonsdale) portfolio company Cross Rental Services Group has completed the acquisition of Swegon Hire UK (Swegon).
The acquisition cements Cross’ position as one of the largest specialist chiller, boiler, heating & air conditioning rental companies in the UK and Irish market.
Lonsdale has now completed thirteen bolt-on acquisitions for its portfolio companies and eight platform investments, since closing its first institutional fund of GBP110 million in April 2016.
Cross, which Lonsdale acquired in December 2018, is a market leading provider of rental equipment to both retail and commercial customers. It was established
Hermes Investment Management has appointed Nigel Norman as Director, Middle East Distribution. Norman is a highly experienced investment professional who has spent more than two decades working with clients in the region. He will be responsible for developing the Hermes brand and relationships in the Middle East and will report into Paul Voûte, Head of EMEA Distribution.
Norman joins from Aberdeen Standard Investments, where he was Head of Middle East and Africa. During his time at Aberdeen, he was responsible for establishing and running the firm’s office in Abu Dhabi. Before joining Aberdeen, Nigel had been Head of Middle East
Jill Wight is joining Morgan Stanley Capital Partners, Morgan Stanley Investment Management’s (MSIM) middle market private equity investment team, as a Managing Director.
Wright will be an Operating Partner leading MSIM’s operational efforts for consumer and healthcare. In this role, she will work closely with Aaron Sack, MSCP’s Fund Head and Jim Howland, MSCP’s Head of Portfolio Operations. An industry leader, Jill has deep experience driving value at portfolio companies through operational initiatives.
Wright joins from The Carlyle Group where she was a Principal and Head of Portfolio Operations for Carlyle Equity Opportunity Funds. During her time at Carlyle,
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