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AltaReturn, a provider of integrated software solutions for the private equity, venture capital, real estate and family office communities, has launched a new version of its Business Intelligence (BI) solution.
By integrating with Microsoft’s Power BI solution, AltaReturn has brought to the private markets a set of tools for GPs to understand every aspect of their business. From the deal team to investor relations to the back office, every function or role can take advantage of Microsoft Power BI’s analytical tools built right into AltaReturn’s Portfolio Monitoring, CRM and Accounting solutions.
“AltaReturn’s Business Intelligence solution helps us analyse data
Grasshopper Solar, a Canada-based solar energy company, has made a USD80 million investment in Setouchi Koken’s Iizuka Solar Plant located in Fukuoka, Japan.
This 21.6MW ground mount project will utilise 65,455 solar panels, generate 26,136 MWh of clean energy and offset 19,451 tons of carbon emissions per annum.
The Iizuka Power Plant will be developed by Setouchi and its Japanese partners with construction commencing in Q4 2018, and is expected to achieve commercial operation by Q3 of 2020. This project, once completed, will participate in the country’s Feed-in Tariff program with a 20-year JPY36/kWh contract awarded by METI (Ministry of
Private equity and venture capital managers have struggled to keep pace with the bull market in public equities over the last decade, and the level of outperformance for is on the decline, according to new fund performance data for Q4 2017 released by PitchBook.
This lacklustre performance is more exaggerated for VC funds, with even top-quartile VC funds frequently failing to beat the market.
PitchBook’s standalone performance measurement product PitchBook Benchmarks uses public market equivalent (PME) metrics to assess the historical performance of PE and VC funds relative to public equities.
“The S&P 500 has posted gains
Strata Fund Solutions (Strata), a fund service administrator for venture capital, private equity and other alternative asset managers and allocators, has closed a significant growth equity investment from FTV Capital.
Strata will continue investing in technology, product and client-centric service enhancements to deliver highly customised client solutions. Jared Broadbent, Darren Benson and Nathan Rees, Strata’s co-founders and managing partners, will continue their leadership of Strata and remain significant shareholders in the company. As part of the transaction, FTV Capital managing partner Brad Bernstein and partner Kyle Griswold will join the founders on the company’s board of directors. StepStone Group, a
Funds managed by Ares EIF, Ares Management’s power and infrastructure strategy, have closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners.
The Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a premier regional midstream platform serving the core of the Williston Basin in North Dakota, with additional reach into the prolific Eagle Ford Shale in South Texas. The combined entity, which will continue to be known as Paradigm, will continue to be operated
An affiliate of private equity firm HIG Capital (HIG) has acquired Recochem from an affiliate of Swander Pace Capital, in partnership with Recochem management. Terms of the transaction have not been disclosed.
Founded in 1951 and headquartered in Montreal, Quebec, Canada, Recochem is a global leader in manufacturing, marketing and distributing aftermarket transportation and household fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. The Company generates approximately USD500 million Canadian Dollars (“CAD”) of net sales annually, serving
Alternative investment fund (AIF) manager Olymp Capital has launched what it says is the first European investment fund to cover the entire blockchain and crypto asset ecosystem.
The fund will include blockchain-related private equity, initial coin offering (ICO) activity, and fund-of-fund activity centred on crypto hedge funds. The fund accepts investment both in fiat and cryptocurrencies (eg bitcoin, ether).
The Olymp Capital leadership team is led by experts in both traditional finance and in the blockchain ecosystem who have drawn on the best features of traditional venture capital, updated for the world of crypto investment. They include serial technology entrepreneur Christophe
Prescient Fund Services (Ireland) Limited, an independent provider of Management Company, UCITS and AIFMD Platform and Fund Administration services, has appointed Emily Davy as Head of Legal and Compliance in Dublin.
The appointment follows a period of strong growth in new business and continued demand by UK and global asset managers for Prescient’s utsourcing solutions for Irish and other EU regulated traditional and alternative investment funds.
Davy joins from Walkers Global where she was an Of Counsel in the Investment Funds Group. She previously spent a number of years in the Investment Funds Department at Matheson, another Irish law
Augmentum Fintech, a fintech venture capital investor, has made an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese.
Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time.
Monese (www.monese.com) launched in September 2015 as the first mobile-only current account in the UK and serves the increasingly mobile European labour market. The majority of its nearly 600,000 customers use Monese as their primary bank account, with 75 per cent of all incoming funds being regular salary payments.
ByBox, a specialist in smart locker technology and field service solutions has secured a strategic investment from Francisco Partners that values the company at GBP221 million.
The private equity firm backs ambitious technology-enabled businesses and will support ByBox’s expansion of its UK infrastructure and global deployment of its ‘Konnect’ app-locker solution.
“ByBox is a great company with a clear and increasingly critical proposition. Its success comes down to great leadership, outstanding customer service and relentless development of its solutions. Listening closely to customers and really understanding market trends has made ByBox an extremely investible business,” says Deep Shah,
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