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21 Partners, a European investment group founded by Alessandro Benetton and Gérard Pluvinet, is rebranding as 21 Invest.
The company says its new name and logo more directly reflect the core activity of the Group, which in almost 30 years of activity has expanded from Italy to other geographies and is further progressing towards pan-European growth.
The new logo represents the vision of the group which is constantly aiming towards the future and continuous evolution.
“I chose the number 21 to identify the company that I founded in 1992 at the age of 28 – Alessandro Benetton, founder
RPMI Railpen (Railpen), the investment manager for the GBP28 billion Railways Pension Scheme, has appointed Andrea Ash as Investment Director in the Private Markets team, with effect from 26 November 2018.
Reporting to Paul Bishop, Railpen’s Head of Private Markets, Andrea will work alongside Richard Moon, Investment Director, and will be primarily focussed on growth investments.
She joins Railpen from Tesco Pension Investments, where she held the position of Alternatives Fund Manager, having previously held roles at Amundi Asset Management and Pioneer Investments.
Andrea’s appointment continues the recent growth in Railpen’s Private Markets team following the appointment of
Varagon Capital Partners has appointed Michael Broderick as Managing Director of Healthcare Originations.
In this role, Broderick will be responsible for originating and structuring transactions for middle market private equity firms in the Healthcare sector. Previously, Broderick originated debt, equity co-investments and banking opportunities with Capital One’s private equity clients. Broderick will be based in New York and report to Steve Warden, Partner and Head of Healthcare at Varagon.
Warden says: “We welcome Mike, along with his experience and strong relationships, to Varagon. We’ve made a significant investment in augmenting our Healthcare resources in 2018, and look forward to
Mercatus, an asset and investment management platform, has partnered with professional services firm, Alvarez & Marsal (A&M) to help customers accelerate digital and data strategies through Mercatus’ Investment Lifecycle Management product.
The new wave of digitalised investors that is emerging has data as a strategic core competence. The companies say that combining Mercatus’ software with A&M services will help accelerate the growth and data-driven intelligence of alternative investment funds globally.
“It’s an exciting time for investors in alternative assets,” says Tim Buchner, COO at Mercatus. “The sheer growth of the space – expected to reach USD80 trillion by 2030 – will
The Standards Board for Alternative Investments (SBAI) has increased its presence in North America with the appointment of new North American Committee members.
The new members include Bradley Belt, Vice Chairman of Orchard Global Asset Management, Marcus Frampton, CIO of Alaska Permanent Fund Corporation and Priti Singh, Head of External Portfolio Management at Canada Pension Plan Investment Board (CPPIB). The SBAI is the global standard-setting body for the alternative investment industry, supported by approximately 200 alternative investment managers and institutional investors who collectively manage USD3.5 trillion.
The Standards Board’s North American Committee was established in March 2018 with
Private equity firm Corsair Capital (Corsair) has made a majority investment in ZEDRA Group (ZEDRA), a specialist in trust, corporate and fund services.
Corsair has a long and successful track record of growing financial services firms across a diverse range of sectors, and its partnership with ZEDRA will support the firm’s continued growth and global expansion.
ZEDRA’s network covers 13 jurisdictions across 15 offices in Asia, Oceania, the Americas and Europe. Its team of nearly 500 industry experts creates and delivers bespoke trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional
Watson Wheatley, a provider of reconciliation solutions, has integrated its iRecs reconciliation solutions with Orchestrade’s core portfolio management and risk system.
The connection creates a standard interface for Orchestrade clients who wish to leverage the iRecs reconciliation system to solve complex reconciliation issues and increase operational efficiency. Watson Wheatley’s growing client base will derive many benefits from the connection including robust data delivery, standardised support and faster onboarding.
Tom Wheatley (pictured), COO at Watson Wheatley, says: “Alternative asset managers, especially those with complex requirements, have found it hard to find a provider that offers the complete cross-asset front-to-back office
Law firm Paul Hastings has appointed Ira Kustin, an established asset management lawyer, concentrating in the representation of private funds, as a partner in the firm’s Investment Management practice in New York.
The appointment of Kustin, who joins from Akin Gump, is part of Paul Hasting’s strategy to grow its credit, hedge, and private equity funds practice within its Investment Management practice.
“We are addressing the stay-awake issues our investment management clients are facing and are committed to helping them navigate growing regulation, seek new capital sources and form new strategic partnerships,” says Seth Zachary, chair of Paul Hastings. “Ira
MPOWER Financing, a fintech company providing educational loans to high-potential international and DACA students, has completed its largest funding round to-date with USD110 million in new financing for students enrolling in major US universities.
This latest round, led by Gray Matters Capital and Community Investment Management (CIM), will be used to support new product growth and technology enhancements as well as to finance MPOWER Financing’s expanding student loan portfolio.
“We co-created a unique type of debt with Community Investment Management’s leadership team. This USD100 million is just the beginning of MPOWER’s Capital Markets roadmap,” says Mike Davis, MPOWER Financing
MicroVest, a global impact investing asset management firm with USD368 million AUM, has appointed Phyllis Caldwell and Greg Gaeddert as new board members, effective November 2018.
“We are thrilled to welcome Phyllis and Greg to our board at a very exciting time,” says MicroVest CEO Gil Crawford (pictured). “Phyllis’ experience in fixed income and Greg’s expertise in scaling private funds will help us reach more underserved communities and meet our ambitious growth goals.”
Caldwell has over 20 years of experience in the banking industry and comes with a background in community development finance. She brings important fixed income expertise
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