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Citi has joined the Series A funding round for Axoni, a provider of distributed ledger technology to the financial services industry, bringing the total amount raised to over USD20 million.
Citi joins other Series A investors, including Wells Fargo, NEX Group, JP Morgan, Goldman Sachs, Thomson Reuters, F-Prime Capital, Andreessen Horowitz, DCG, and others.
Axoni and Citi have collaborated on a number of high-profile distributed ledger deployments that have validated the technology and its benefits of data synchronisation, automation, and auditability to market participants.
Projects to date include the optimisation of post-trade data management for credit default swaps
- 11/05/2017
- 11/05/2017
Sixpoint Partners, a global investment bank serving the middle market, has closed Delta-v Capital 2015 with USD232 million raised through limited partner capital commitments and its co-invested fund, Delta-v Capital 2015 Access Fund.
Delta-v Capital closed the fund in excess of its USD150 million target, receiving commitments from a number of top-tier investors, including public pensions, asset managers, family offices and corporate pensions.
Fund III’s strategy is to use Delta-v’s capital and experience to offer liquidity solutions and growth equity to enable private technology companies to realise a higher trajectory of growth and success.
The firm typically invests
- 11/05/2017
The Wood Street Microcap Investment Fund has been renamed as the CF Livingbridge UK Micro Cap Fund.
The changes will align the fund name with that of the investment manager.
Livingbridge is a UK mid-market private equity houses, with a bottom-up investment approach.
The fund continues to invest in growth sectors within the UK economy and in companies that have the potential to increase profits without a tailwind from the wider economy.
Ken Wotton is the lead fund manager of the CF Livingbridge UK Micro Cap Fund and has been since launch in 2009. He leverages the
- 11/05/2017
How prepared is your firm to handle the aftermath of a security incident? If you haven’t documented your firm’s safeguards, then you may find yourself in hot water. Written Information Security Plans (WISPs) are must-haves in our security-focused culture – just ask your regulators and investors. Below are some insights into the development and maintenance of WISPs.
What is a WISP?
A WISP is a formal documentation of a firm’s plans and systems put in place to protect personal information and sensitive company data. It includes both administrative and technical safeguards and identifies confidential information, where it is located, how
- 11/05/2017
Tikehau is to invest GBP80 million in a minority stake in Calarnate alongside existing shareholders, an independent managed services provider, with headquarters in London and operating in seven European countries and Brazil.
Claranet has expanded in several European countries over the past decade. The company has over 1,300 employees and delivers its services to over 6,000 customers across the UK, France, Germany, Spain, Portugal, Italy and the Netherlands. Claranet has recently entered Brazil.
Tikehau Capital has signed an agreement to further support the company’s development. Tikehau Capital is to invest GBP80 million in equity and preferred equity alongside existing shareholders.
- 11/05/2017
Independent Growth Finance (IGF), a commercial finance provider for SMEs, has appointed two regional sales directors covering Yorkshire and the Midlands.
Danielle Hodgson joins as regional sales director for the firm’s invoice finance division, covering Yorkshire & the Humber. As the main contact for IGF’s clients in the region, she is responsible for developing relationships with existing and potential SME clients.
Hodgson joins the firm from Aldermore Bank, where she was a regional sales manager specialising in construction and trade financing.
Hodgson says: “Each of the management team at IGF has a fantastic career behind them and have
- 11/05/2017
Trident Trust, an independent provider of corporate, trust and fund services to the financial services sector worldwide, has implemented Linedata’s transfer agency and reporting solution Mshare.
Trident Trust is using Linedata Mshare and Linedata Reporting initially in Guernsey, Malta and Luxembourg as part of an ongoing programme to further enhance its fund administration offering.
With over 400 funds under its administration worldwide, these solutions are enhancing Trident Trust’s ability to operate across multiple jurisdictions and a range of diverse asset classes. The platform provides hedge fund, private equity and partnership accounting capabilities, together with an intuitive profit and loss
- 11/05/2017
- 11/05/2017
Private equity fund manager YFM Equity Partners has closed its first buy-out fund, YFMEP 2016, at GBP45 million, 50 per cent above its initial target.
Launched last year, the fund is targeted at the gap left by venture capital trusts; focussing on buy-out and growth investments in the UK requiring equity of up to GBP10 million.
All YFMEP 2016’s investors are UK based, drawn from institutions, families and individuals with the average investment around GBP2.5 million.
With only a few funds targeted at this market, YFM is looking to invest the monies within two years; with a strong
- 11/05/2017
Pemberton, a diversified asset manager backed by Legal & General Group, has expanded its origination team with the appointment of Eric Capp as a partner.
Capp joins to focus on increasing and diversifying Pemberton’s relationships with London-based banks and private equity firms. He will originate lending opportunities across all of Pemberton’s strategies.
Capp brings more than 25 years of experience in credit risk management, originating and structuring high yield bonds and loans. Prior to joining Pemberton, Capp was global head of debt syndicate, leverage finance and high yield markets at RBS.
During his career, Capp ran JP Morgan’s high
- 11/05/2017
Shore Capital Partners’ product platform IZI Medical Products has acquired the vertebroplasty family of products from Cook Medical.
The acquired products are commercially marketed under the Duro-Ject Osteo-Site, Osteo-Force and Vertefix brands, consisting of needles, injectors and cements.
These products are used in the growing market for treating vertebral compression fractures through a minimally invasive procedure.
“Cook has done an excellent job establishing these products as reliable, high-quality solutions for treating vertebral compression fractures and we have enjoyed working with them on this transaction,” says Greg Groenke, chief executive officer, IZI Medical. “We are excited to increase the
- 11/05/2017
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