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Jersey’s ability to offer a quality service in the alternative investment space will ensure ongoing growth of its funds industry, according to Tim Morgan, the new Chair of the Jersey Funds Association (JFA).
Elected into the position of Chair at the recent AGM (28 June) of the trade association that represents Jersey’s funds industry, Morgan (pictured), a Partner at offshore law firm Mourant, has practised in Jersey since 2003 advising promoters, investors, boards, regulators and service providers across asset classes including private equity, credit, real estate, hedge and liquid securities.
Prior to Jersey, Morgan originally trained with Taylor Wessing in London and
By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA). Firms and employees are at risk of regulatory sanctions – including, for individuals, the possibility of not being found to be “fit and proper” – for failure to fulfil the FCA’s evolving diversity and inclusion (D&I) expectations.
Soldo, the London-based fintech creating the next generation of payments and expense management solutions for businesses of all sizes, has closed a USD61 million Series B round led by Battery Ventures, a global technology-focused investment firm with extensive experience in cloud software, and Dawn Capital, a European venture capital fund dedicated to B2B software and fintech.
The funding round includes participation from Accel, the global VC firm – whose portfolio companies include Facebook and Slack – Connect Ventures and Silicon Valley Bank, bringing Soldo’s funding total to USD82 million.
Soldo’s Series B round is the largest to date for a
Macfarlanes has advised Muzinich & Co, a corporate credit management specialist, on the launch of its first European Long-Term Investment Fund (ELTIF), Muzinich Firstlight Middle Market ELTIF, which has held its first closing at more than EUR140 million.
This fund will seek to invest mostly in syndicated loans and private debt instruments, and may also invest in bonds and junior investment opportunities. As an ELTIF, it is available for investment by retail investors in the UK and Europe, allowing them access to long-term asset classes historically only available to professional investors. It is one of the first ELTIFs to be
GTT Communications, a global cloud networking provider to multinational clients, is to acquire KPN International, a division of KPN N.V. headquartered in Netherlands, for approximately EUR50 million in cash, on a cash and debt-free basis.
KPN International operates a global IP network serving enterprise and carrier clients.
“The acquisition of KPN International deepens our market presence in the European region,” says Rick Calder, GTT president and CEO. “The world-class resources contributed from this acquisition, including a highly experienced team, international network assets and a deep roster of multinational clients, will help us deliver on our purpose of connecting people across
General Atlantic, a global growth equity firm, has appointed Vittorio Colao as a Special Advisor. Colao, former Group Chief Executive of international communications company Vodafone Group, will advise General Atlantic and its portfolio companies as the firm continues to execute on its global growth investing strategy.
During his over 20-year tenure with Vodafone Group, 10 of which he served as Group Chief Executive, Colao held numerous executive positions and led its significant growth into one of the largest telecommunications groups in the world. He played a central role in the transition of Vodafone from a consumer-focused mobile operator to an
FRP Advisory (FRP), a specialist business advisory firm, has advised Alchemy Special Opportunities (Alchemy) on a multi asset-based refinancing of Anglian Home Improvements Group Limited (Anglian), a UK-based suppliers and installers of windows, doors and other home improvement products.
This investment supports the growth ambitions of the business, allowing it to address current demand and future market opportunities.
Following a competitive process, which was managed by the debt advisory team at FRP Advisory, Arbuthnot Commercial ABL provided a highly attractive financing structure incorporating term loans and a revolving facility, covering receivables and inventory.
Tom Cox, Partner in the
Global private equity activity decreased by 1.8 per cent year-on-year to USD550.6 billion in transactions, according to Bloomberg’s final Q2 2019 league table reports, which represent market leaders across a broad range of deal types, including M&A, Equities, loans and bonds transactions over the last quarter.
However, the United States continued to be the most acquisitive country in H1 2019, accounting for 45.5 per cent of the global private equity volume. The acquisition of GLP Pte Ltd’s Urban infilllogistic assets by Blackstone Group for USD18.7 billion was the largest private equity deal in the region.
Private equity activity for EMEA-based targets meanwhile reached
By Elizabeth Pfeuti – As institutional investors, such as pension and sovereign wealth funds, build internal teams and grow increasingly sophisticated, they are wanting a more direct role in how their assets are allocated. Nowhere has this trend been more apparent than in the rise of co-investments with private equity partners.
In the last three months, major investors including some of the largest pension plans in the US have outlined their ambitions in this area.
Commenting on its newly inked partnership with GCM Grosvenor, chief investment officer of the USD31 billion South Carolina Retirement System Investment Commission Geoffrey Berg said
Gresham House, a specialist alternative asset manager, has appointed Catriona Buckley as Institutional Business Development Director, effective 1 July 2019.
Buckley has over 15 years’ experience building relationships and developing new business opportunities with global institutional investors.
She joins Gresham House from Fidelity International, where she was responsible for manager research and field consultant engagement with global and domestic investment consultants in the UK, and for direct client relationships in Ireland. More latterly, Buckley held the position of Investment Director in the Fixed Income team at Fidelity working with global distribution channels to define and execute commercial strategy.
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