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Framework, a solutions vendor for private equity firms, has made senior hires in its client and product teams to meet demand for its enterprise investment accounting data management solutions.
The company appointed Product and Development managers in 2017 and they are now joined by Graham Aitken as Head of Client Engagement. The expertise he brings from investment operations and technology will further enhance Framework’s ability to deliver innovative solutions to meet the investment accounting data management challenges faced by Asset Servicers, Investment Managers and Institutional Investors in the Private Equity sector.
Launched in 2000, Framework provides enterprise investment accounting
Peer-to-peer lender Lending Works has passed GBP100 million in terms of money lent, cementing its position as one of the biggest UK platforms of its type.
The milestone comes just over four years after Lending Works was first launched and a year after it broke through the GBP50 million mark. Some 20,000 customers – over 16,000 borrowers and nearly 4,000 lenders – have used the platform to date and every penny of capital and expected returns has been delivered to lenders on time.
CEO Nick Harding says the company’s growth has reached a new level in the past 12
Maven Capital Partners (Maven) has been appointed to manage the GBP27 million North East Development Capital Fund (NEDCF), which will provide equity, debt and mezzanine funding of between GBP400,000 and GBP2 million to established businesses.
The NEDCF forms part of the GBP120 million North East Fund investment programme, which will invest exclusively across the seven local enterprise partnerships (LEPs) of Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland and Durham, and has the potential to support 600 businesses and create 3,500 jobs across the region.
The NEDCF will provide growth capital to support ambitious small and medium sized enterprises
Nano-C, a developer of nanostructured carbon for energy and electronics applications, has completed a USD11.5 million round of funding, with a final tranche of USD3 million in the form of an equity investment from Ray Stata.
Stata is a co-founder and current chairman of Analog Devices, a designer and manufacturer of analog, mixed signal and DSP integrated circuits with over USD5 billion in revenue.
Nearly every industry today is looking to leverage new materials to drive the next wave of innovative products from electronics and solar power to medical devices, automotive and more. Building on technology conceived at MIT, Nano-C’s
Unigestion has launched Unigestion Global Choice VII, a global small and mid-market investment programme, and a continuation of the ‘Unicapital Global’ and ‘Euro Choice’ series of funds.
Unigestion Global Choice VII is seeking EUR300 million to build a portfolio of around 30 specialist buyout, growth capital and selectively special situations funds in Europe, North America and Asia-Pacific.
In line with Unigestion’s conviction-driven investment style, the private equity team will continue to seek areas of growth, spot attractive investment themes and focus exclusively on managers with proven industrial and strategic transformation skills. Several fund investments have already been pre-selected for
Shore Capital Partners, a Chicago-based private equity firm focused on the healthcare industry, has made an investment in Hulin Health. Founded in 2011, Hulin is a leading provider of urgent care services in Louisiana and the broader Gulf Coast region.
Shore has partnered with founder and CEO Clayt Hulin who continues to lead Hulin Health through a period of tremendous growth while also maintaining a strong commitment to clinical excellence. Clayt founded Hulin following 13 years as an emergency medicine healthcare provider and after serving in the Army Special Forces and multiple Special Operations units. The company’s services include treatment
Reality Zero One (R01) today announced that it has secured GBP285,000 investment from startup funders and private investors to enhance its new digital reality capture platform.
The technology makes it easy to capture ultra-high-definition 3D versions of real-world objects for use in any virtual or augmented-reality application.
With the virtual/augmented reality market predicted to hit USD215 billion by 2021 and an estimated ten billion commercial and cultural objects ripe for conversion, potential demand for the tech is huge. However, the high cost and difficulty of mass 3D capture has put potential users off – until now.
Reality Zero
FundedByMe has acquired 100 per cent of the shares of Laika Consulting AB, a financial communications agency, doubling its investment network to close to 250,000 members in the process.
“Laika is a particularly well-managed company that we have partnered with since 2012 and we have seen over the years that we have similar ambitions, visions and attitudes; namely to improve and change parts of the old inefficient financial world. In our company’s growth, we look at this acquisition as a very interesting step, and we estimate that the consolidation will be beneficial and feasible and lead to synergies that can
The Beacon Group is an independent group of companies providing management, consulting, administration, accounting and other related services to offshore and domestic hedge funds and other international entities. It is licensed by the Bermuda Monetary Authority to provide corporate secretarial services, part of which involves offering advice to promoters and fund managers on corporate governance best practices.
That Beacon is also licensed to offer fund administration services can be beneficial.
As Nitin Aggarwal (pictured), Chairman of Beacon, explains: “Our many years of knowledge and experience as fund administrators with different investment strategies and asset classes allows us to leverage that
A Q&A with Greg Wojciechowski, President and CEO at Bermuda Stock Exchange (BSX)…
How would you summarise 2017 from a business growth perspective for BSX?
Strong global market conditions contributed to positive listing activity across most sectors of the BSX’s business. Listing activity was particularly strong in international debt and insurance linked securities (ILS), both of which reached record levels.
International debt listings grew to 167 securities, up 44 per cent from 116 the previous year with their nominal value growing from USD2.0 billion to USD4.6 billion.
New ILS listings totalled 103 securities for the year with a nominal value
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