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OpenGamma, a specialist in derivatives analytics, has raised USD10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.
The funding round includes participation from existing investors Accel, CME Ventures and ex-SunGuard CEO and prolific fintech angel investor Cristóbal Conde.
OpenGamma’s analytics solutions allow the world’s banks, hedge funds and asset managers to dramatically reduce the cost of trading derivatives. New regulation is forcing firms to post billions in capital to take market positions with significant increases over the next two years. This is at a time when returns are already under extreme pressure. As
Last week proved to be the biggest yet for VCT funding this tax year, with GBP46.4m being raised. Octopus Titan and ProVen took the bulk of this amount. Total VCT fundraising for 2018/19 amounts to GBP608.5 million so far, with GBP386.5 million raised in 2019 alone.
Commenting on the tax year demand, Alex Davies, CEO and founder of Wealth Club, says: “As the tax year draws to a close, VCT funding is less than 5% behind the 2017/18 total at the same point. Given the level of uncertainty regarding Brexit and the fact that much of last year’s business was rushed
RIO Investment Partners (RIO) is pleased to announce the launch of a new venture capital fund focused on Agri-Food investing across the North American ag-tech and food-tech value chain.
RIO invests in growth stage companies operating in the various segments of the agri-food tech continuum and seeking capital of USD3 to USD10 million to catalyse their expansion strategies. RIO is targeting USD150 million of total committed capital and has secured USD77.5 million in a first close.
RIO is the successor to Avrio Capital, a global pioneer in agricultural equity investing. RIO has recruited several members of the Avrio team, including
Tableau, a visual analytics platform, and the European Investment Fund (EIF) have joined forces in a data driven initiative that visualises data-points about EIF investments that are supporting business innovation, entrepreneurship and employment across EU Member States and associated beneficiary countries.
Using Tableau, the EIF, based in Luxembourg, has developed a public facing interactive map, built on AWS, in order to bring data directly into the hands of the public, allowing them to easily see and understand where and how the EIF has been investing more than EUR136 billion into European small and medium-sized businesses over the past 25 years. Current
Ridgemont Equity Partners, a middle market private equity firm, has appointed Anthony Cassano as a Partner in the firm’s Tech & Telecom practice.
In addition, the firm has announced the following promotions – Charles Anderson, Tim Dillon and Cay Freihofer were to Partner, Seth Peck to Principal, Tyler Houin to Vice President, and Dan Norton to Senior Associate. Karen Garrison was also promoted to Fund Controller on Ridgemont’s Finance and Operations Team.
Cassano will focus on investments in the Tech & Telecom space. He spent the last 10 years at Spire Capital Partners. Prior to that, Anthony was at
IFC, a member of the World Bank Group, is providing up to USD100 million in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s leading maker of glass containers. The partnership is designed to support the firm’s capital expenditure programme, create new jobs, and boost Egypt’s manufacturing sector.
IFC’s debt financing package will help MEG ramp up production of its containers, which are used by a variety of companies, from beverage makers to pharmaceutical firms. This will help MEG expand its international footprint and continue to grow its annual exports. It will also help the company expand locally and
Aliter Capital (Aliter), the private equity investment specialist in the support services industry, has brought together two of the fastest-growing companies in the sector.
The combination of Glasgow headquartered Boston Networks, Pinacl Solutions and Pinacl GDA, headquartered in North Wales, will create a UK-wide organisation with a staff of over 300 and a turnover approaching GBP50 million. The transaction establishes a major player with full design, installation, management and support capability across the areas of network infrastructure, smart buildings, Internet of Things (IoT) and life safety systems.
Boston Networks recently launched the pioneering GBP6 million IoT Scotland, the UK’s most-advanced
Intertrust, a provider of administrative services to clients operating and investing in the international business environment, has strengthened its fund servicing platform in Ireland with the launch of a new fund administration business.
Intertrust will provide administration services to both Irish and non-Irish domiciled collective investment schemes providing expert support to its global portfolio of private equity, real estate and private debt clients in relation to their back-office accounting and investor relations operations.
Intertrust Ireland Managing Director, Imelda Shine (pictured), says: “The decision to extend our Irish fund services business to include fund administration speaks to our strategy of
A Leg To Stand On’s (ALTSO) 2nd Annual Rocktoberfest concert in London will take place on 19 June 2019.
Members of the hedge fund and private equity communities will come together for a night of live rock & roll entertainment, with the aim of raising money to provide free orthopaedic care for children.
The line-up will feature bands whose performers are moonlighting from their day-jobs in high finance, with previous acts coming from those including Apple, Société Générale, PAAMCO, Simmons & Simmons, Lombard Odier, and Albourne.
There’s plenty of appetite among investors to consider the next generation of PE managers, some of whom are spinning out of existing shops with bags of experience but little chance of making partner because of a lack of succession planning.
This new wave of talent faces a significant challenge, naturally, when competing with multi-year, multi-billion dollar PE groups, but provided they put a solid team together, and perhaps test the market with a few co-investment deals to demonstrate their skill (outside of their previous role), there is no reason why new management groups can’t succeed.
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