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Aire, which aims to make credit fairer for consumers, and more valuable to lenders, has closed a Series B round of funding from Crane Venture Partners, Experian Ventures and Orange Digital Ventures.
Since receiving Financial Conduct Authority (FCA) approval, the company has grown from a start-up with eight people to a fully-fledged operation with a headcount approaching 40. Along the way, it has forged numerous alliances with notable financial institutions such as Toyota Financial Services and online retailer N Brown, alongside high-street banks. These partnerships have underlined the versatility of Aire’s technology, which can be integrated at various stages of
Far fewer active fund managers outperformed their benchmarks in 2018, according to an analysis of 15 key equity and bond fund segments by Scope. In fact, under a quarter of active equity funds beat benchmarks in 2018 and just 16 per cent of bond funds outperformed.
Scope’s study, which covered nearly 2,000 equity funds (UCITS) authorised for distributing in Germany, found that the proportion that outperformed their benchmark fell year-over-year by over half from 53 per cent in 2017 to 24 per cent last year. All eight equity segments saw their ratios worsen from 2017 to 2018.
‘Equity Germany’
Eiger Advisors – a UK-regulated business assisting alternative and traditional asset management businesses – and Investeam – an established, Paris-based third-party manager – have announced a new commercial partnership.
The partnership will support UK based fund managers wishing to access the French, Luxembourg and Belgium institutional investors, and French, Luxembourg and Belgium based fund managers wishing to reach British institutional investors.
These are cross border markets that to date have not achieved the expected levels of penetration, particularly when considering the quality and performance of the fund managers in the respective countries and the size and diversification of the
BlackRock Real Assets (BlackRock) is to sell five operating wind farms and one operating solar project (the Portfolio) located across the UK to Equitix Investment Management (Equitix).
This marks the fourth realisation in the past three months for BlackRock’s Renewable Power platform and the latest addition to Equitix’s significant capabilities in the renewable energy sector.
The portfolio achieved commercial operations between 2010 and 2015, and has a proven track record of consistent operational performance. The Portfolio was optimised by BlackRock through bringing the projects through construction and early stage development and optimising the Portfolio’s debt capital structure through a
Renaissance Capital has appointed Nancy Adel Fahmy as Vice President, Financial Services Research, in Cairo, Egypt.
The bank has also made structural changes and promotions within its Research department – Metin Esendal will oversee healthcare coverage from London, while Artem Yamschikov will take over transport and infrastructure coverage from Moscow.
Fahmy joins Renaissance Capital’s EEMEA research team and will be covering financial services across Egypt, North Africa and the Gulf Cooperation Countries. She will report to Ahmed Hafez, Head of Research, MENA, and Amr Helal, North Africa CEO.
Nancy has over 12 years of experience in sell-side equity
Muzinich & Co has provided funding for the acquisition of Fraureuth-based manufacturer Spindel-und Lagerungstechnik Fraureuth (SLF) through private equity sponsor Avedon Capital Partners in collaboration with SLF’s founders.
This partnership approach is designed to expand new strategic goals, further invest in SLF’s operations and pursue new market opportunities. The ambition of both the founders and Avedon is to further strengthen SLF’s competitive positioning by focusing on attractive end-markets, growing its customer base and fostering international growth.
Founded in 1993, SLF is a niche manufacturer of specialised spindles and bearings for customers active in industries such as mechanical engineering, food
MJ Hudson has advised NextEnergy Capital on the first closing of NextPower III LP (NP III), a solar energy fund, with initial commitments of circa USD160 million.
NP III’s investment strategy is to invest in new-build solar photovoltaic (PV) projects internationally. NP III is expected to build a diversified portfolio that, when fully invested, will comprise an estimated 50 to 150 individual solar PV plants.
It is anticipated that NP III will typically commit equity of between USD5 million to USD30 million per solar PV plant. NP III will invest a minimum of 75 per cent of commitments in
Investcorp has signed an agreement to acquire a majority interest in Cambio Healthcare System AB (Cambio) from Valedo Partners Fund II AB (Valedo) and a group of minority investors.
Cambio’s management team and co-founders will continue to hold a meaningful stake in the Company. The transaction remains subject to receipt of customary regulatory approvals.
Cambio operates in the Electronic Health Records (EHR) market, offering software solutions for acute, primary, social and person-centred care. Cambio promotes a holistic view on health and social care and offers an EHR agnostic solution for clinical decision support applicable for all branches of health
According to new research from Intertrust, private equity firms are acutely aware of the impact digital innovation will have on their sector, particularly in the areas of artificial intelligence (AI) and blockchain.
Over 90 per cent believe AI is likely to have the biggest transformational impact on the sector. This is almost a fifth higher than the industry average of 77 per cent. Over a third (37 per cent) of respondents to the survey said that blockchain, AI and robotics are already being adopted in the industry and will become more widespread in the near future.
Some 56 per
Female start-up founders are missing out on billions of pounds of investment, according to the UK VC & Female Founders report, which reveals that for every GBP1 of venture capital (VC) investment in the UK, all-female founder teams get less than 1p.
By comparison, all-male founder teams get 89p and mixed-gender teams get the remaining 10p.
The research, commissioned by Chancellor Philip Hammond at Budget 2017 and undertaken by the British Business Bank, together with Diversity VC and BVCA, identifies specific barriers faced by female-led firms in accessing venture capital. It will help inform ongoing government work to tackle
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