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Abacus Group, a managed service provider of hosted IT solutions for alternative investment firms has expanded and customised its use of Thycotic’s Secret Server for more than 350 clients to date.
“Managing up to 3,000 passwords for privileged access daily “would be impossible without an automated solution such as Secret Server,” says Paul Ponzeka, Managing Director of Engineering at Abacus.
Thycotic Secret Server software enables enterprises to discover, store, secure and manage privileged account passwords while streamlining the management process. As Abacus Group accelerated its growth adding more and more clients, Secret Server proved its value in scalability, flexibility and
A new report from iCapital Network has revealed a bullish attitude amongst senior advisors towards alternative investments for the coming year.
Currently, 34 per cent of those advisors surveyed about their appetite and future plans for alternative investments have at least five per cent of client assets in private equity funds and 27 per cent have at least five per cent of client assets in hedge funds.
Over the coming year, the majority plan to maintain or increase exposures to private equity funds (87 per cent), hedge funds (61 per cent) and private direct deals (93 per cent), motivated
Centaur Fund Services, an independent fund administrator, has expanded its US footprint with the opening of a new office in Fair Lawn, New Jersey.
This expansion is in response to the growing demand for independent fund administration solutions from North American hedge and private equity funds.
Centaur has also hired two industry specialists who will work closely with Centaur US CEO, Des Johnson, to lead the US operations.
Mase Kazemi joins Centaur as Head of Fund Accounting for Centaur US. Mase brings more than 12 years of experience in management positions in Portfolio Accounting and Operations. Leslie Dewhurst, who
TA Associates, a leading global growth private equity firm, has acquired and combined Global Software and insightsoftware.com International, two ERP reporting and corporate performance management software companies.
With over 6,000 enterprise customers globally and more than 75,000 end users, the combination creates the market-leading ERP financial and operational reporting platform. Financial terms of both transactions were not disclosed.
The combined company will be named insightsoftware and will be led by new Chief Executive Officer, Michael Lipps.
Mr. Lipps previously served as President and Chief Operating Officer of MercuryGate International and as Managing Director at LexisNexis, where he led the
PPM America’s private equity arm, PPM America Capital Partners (PPM), has closed its seventh co-investment fund, PPM America Private Equity Fund VII, with a 159 per cent increase in size from its predecessor fund.
The newly closed Fund is a part of PPM’s long-standing private equity program which primarily focuses on North American middle market buyout and growth opportunities. PPM’s private finance team was established in 1991; by 1996, the team expanded and developed into separate asset class teams focused on private equity, private debt, bank loans, and structured finance.
PPM America Capital Partners was formed in 2000 and
Pipedrive Inc has closed a USD50 million Series C round led by new investor Insight Venture Partners and existing investor Bessemer Venture Partners, with additional participation from existing investors Rembrandt Venture Partners and Atomico.
Strongly positioned to capitalise on a surging global CRM market worth over USD40 billion (Gartner), Pipedrive plans to further expand its R&D, accelerate customer growth across its global footprint, and explore strategic acquisitions. This round brings Pipedrive’s total venture capital funding to date to USD80 million.
Headquartered in New York and Tallinn, Pipedrive is a truly global offering with 75,000 customers in 170 countries. With
Macfarlanes has advised healthcare-focused private equity firm Apposite Capital on the closing of its second fund Apposite Healthcare Fund II and associated vehicles at GBP144.5 million.
The fund attracted commitments from both new and existing investors including fund of funds, financial institutions, family offices and corporates from Europe, Asia and the US. Capital raised will be invested in healthcare companies across the UK and Europe.
The Macfarlanes team for this matter was led by investment management partner Stephen Robinson with assistance from investment management senior counsel Emily Brown and Mark Baldwin, a partner in the tax group, providing tax
Virtual data room provider Intralinks has released the initial results of its 2018 LP Survey which, among other things, found that nearly two-thirds of the limited partners (LPs) queried expect to increase their allocations to alternative investments in 2018.
“The equity markets this year are again seeing more volatility. As a result, diversification into actively managed alternative funds continues to be a strong ‘pull’ factor,” says Matthew Porzio, SVP Marketing & Strategic Business Development at Intralinks.
The second annual survey, a collaboration between Intralinks and Global Fund Media, covers a diverse range of topics including investment preferences, the operational due
A new report from PitchBook has found a high level of performance persistence across active private equity (PE) and venture capital (VC) managers, strong performance persistence between funds, with the level of persistence rising as a firm raises additional funds.
In aggregate, funds that deliver top-quartile performance are followed by a top-quartile successor fund 39 per cent and 34 per cent of the time for PE and VC, respectively.
The report, which is based on fund performance data from Q3 2017, is designed to help limited partners (LPs) and general partners (GPs) better understand private market fund performance relative
Jaguar’s InMotion Ventures has launched Carpe, a new, all-inclusive car subscription service offering customers access to brand new Jaguar and Land Rover vehicles.
The service is aimed at busy, high-mileage UK residents who spend many hours a week driving. They can sign up to Carpe, and subscribe to driving a brand new Jaguar or Land Rover for 12 months with no deposit. Carpe allows subscribers to get a new car every year and the vehicle specifications can be tailored to meet individual needs, with no restrictions on mileage. The vehicle, servicing, maintenance, insurance, roadside assistance and delivery is part of
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