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Growth equity firm General Atlantic has appointed Loek van den Boog, former Chairman of Mendix and Myriad, as a Special Advisor and Chairman of General Atlantic Netherlands.
Van den Boog returns to the firm having previously supported the firm as Special Advisor between 1996 and 2004. During his prior tenure at General Atlantic, he served on a number of portfolio company boards, including Global Collect and Patni Computer Systems. Upon his return, he is expected to leverage his software and technology expertise and expansive network to provide strategic support and advice to the firm’s investment teams and portfolio companies.
Funds affiliated with Blackstone Infrastructure Partners (BIP), have made a growth-oriented investment in Carrix, one of the largest marine terminal operators in the US and in the Americas.
Terms of the transaction have not been disclosed.
Carrix is the parent company of SSA Marine and its related affiliates, with combined operations at over 250 port and rail locations worldwide, including 16 container terminals in Long Beach, Oakland, Seattle and Tacoma, Panama, Mexico, Chile, Colombia and Vietnam.
“We are pleased that BIP has invested in Carrix and will be working with us to continue our on-going growth and development,”
One Equity Partners (OEP), a middle market private equity firm, has completed the sale of Resolute Industrial Holdings (Resolute), an independent provider of York-brand chilling products, compressor remanufacturing, refrigerant storage, and other heating, ventilation, air conditioning and refrigeration (HVAC&R) equipment services.
The sale marks the first exit from the firm’s USD1.65 Billion Fund VI, which was also the first fund raised with outside capital after OEP spun out of JP Morgan. Financial terms of the private transaction have not been disclosed.
Headquartered in Indianapolis, IN, Resolute and its 18 branch offices serve a wide range of businesses across the
The Private Equity Wire Awards 2019, presented in London on 8 March, recognise the best private equity managers, investors, consultants, advisers and service providers during 2018 in a range of categories covering the entire private equity space.
The winners of the awards, who were determined by the votes of Private Equity Wire’s readers, are:
Best Debt Provider of The Year (Alternative) – Piramal Capital & Housing Finance Ltd
Best PE Fund Administrator – Citco Fund Services
Best Placement Agent of the Year – UBS Private Funds Group
Best Legal Adviser of the Year – Kirkland & Ellis
Best Corporate Finance Adviser
Pacific Fund systems (PFS), a privately-owned technology company, is now offering a ‘one-stop-shop’ software solution for the automation of the complete range of back office fund administration services, focusing on an alternatives market which accounts for approximately USD7 trillion in assets invested globally.
PFS’ core product is the PFS-PAXUS system; an established market leading product that supports wholesale fund administration and the administration of all types of open and closed ended traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
PFS-PAXUS integrates all of the fund administration processes that are normally performed on multiple
Private equity LPs lack sophistication in areas such as negotiation, reporting and position monitoring, according to a new study by eFront.
The report, which canvassed the opinions of LPs ranging from high net worth individuals to major pension plans, finds that investors are falling short of industry best practice in several areas. In all, 179 investors from across the globe rated their approach to 10 private equity investment competencies, selecting from answers graded in terms of sophistication.
The weakest categories for LPs were: negotiation, where more than a third of LPs (35 per cent) do not attempt to seek
The European Securities and Markets Authority (ESMA) first statistical report on European Union (EU) Alternative Investment Funds (AIF) finds that the sector in 2017, as measured by Net Asset Value (NAV), amounted to EUR4.9 trillion, or nearly one third of the total EU fund industry.
The report is based on data from 26,378 AIFs, or 80 per cent of the market, and will be published annually.
Funds of Funds accounted for 16 per cent of the industry, followed by Real Estate (RE) Funds (11 per cent), Hedge Funds (5 per cent) and Private Equity Funds (4 per cent). The
SFW Capital Partners (SFW), a specialised private equity firm that invests in leading Information, Software, Industrial and Healthcare Technology companies, has made a strategic investment in Greenshades Software (Greenshades), in partnership with Greenshades’ co-founders, David Rosas and Matt Kane.
SFW’s principals have supported a number of highly regarded companies in the Information and Software sector, including DaySmart Software, Swiftpage, Gerson Lehrman Group, Devada, AGDATA, MD Buyline, IAG Research, and Telephia. With SFW’s strategic support and resources, Greenshades plans to make significant investments to expand its product portfolio, enhance its sales and marketing capabilities, access new markets, and meaningfully accelerate its
Duff & Phelps has appointed Tyrone Courtman as a Managing Director in the firm’s Restructuring Advisory practice.
Based in Birmingham, Courtman will focus on restructuring advisory for corporate clients based in the East Midlands.
Courtman is a Chartered Accountant, a fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and a Licensed Insolvency Practitioner. He joins Duff & Phelps from PKF Cooper Parry LLP, where he was the lead partner of the firm’s business restructuring, recovery and insolvency services practice.
Matt Ingram, Managing Director, Duff & Phelps, says: “I am pleased to welcome Tyrone to
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
With JTC having operated an Alternative Investment Fund Manager entity (AIFM) in Luxembourg since 2016, the new licence significantly strengthens its capabilities within the EU, enabling it to offer a holistic and comprehensive Alternative Investment Fund Managers Directive (AIFMD) compliant solution to private equity, real estate and other alternative managers.
The new licence also complements JTC’s non-EU solution, with the
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