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Seedrs, the operator of secondary market for private equity investments has reported impressive demand for shares in its portfolio companies since launching 12 months ago. In that time, Seedrs has achieved 2,990 investor exits in what was previously an illiquid asset class.
Until Seedrs launched its secondary market, the long-term nature of early stage private equity meant that shares tend to be illiquid and investors would have to wait for an exit event such as an IPO or a sale of the business before seeing any returns on their investment.
The latest trading cycle in June saw 601 share
Victory Park Specialty Lending Investments plc (VSL), a company that invests in opportunities within the financial services market primarily through balance sheet or marketplace lending models, has reported a record NAV return of 1.03 per cent for May.
The company’s previous best was 0.95 per cent in April.
Gross revenue return was 1.08 per cent and total net revenue return was 0.94 per cent.
VSL, whose investment manager is Victory Park Capital Investment Advisors (VPC), says the positive capital return was largely driven by a significant valuation increase in a minority equity decision, which resulted from a Series
European private equity deal-makers have put the brakes on their frenetic exit pace, with the EUR100 billion-plus generated in each of the last four years from divestments now falling to just EUR39.9 billion for the first six months of 2018, according to provisional H1 data from the CMBOR at Imperial College Business School, sponsored by Equistone Partners Europe and Investec Specialist Bank.
The sum sees the overall value of exits in Europe drop by nearly a third (30 per cent) from EUR56.9 billion in H2 2017, though it was a half of two quarters, with EUR25.8 billion completed in
A Million Ads, a London-based start-up making digital audio advertising more relevant and context-aware, has raised GBP2.3 million in seed funding.
A Million Ads, which was founded by CEO Steve Dunlop, is a platform for producers and creatives to quickly and easily build millions of versions of an advertisement. The platform leverages information known about consumers, the brand and a campaign to influence the creative of the ad, such as the music, voice-over or sound effects. The result is highly relevant ads, which are delivered real-time, reducing noise for consumers. The ads are more context-aware, creating a more pleasant listening
AMP Capital sees good long-term opportunities in the North American power and energy markets as it looks to build a portfolio of infrastructure assets as part of its global infrastructure equity strategy.
AMP Capital’s US infrastructure equity investments include Midwest fibre optics provider Everstream, the intermodal logistics company ITS ConGlobal, Chicago’s Millennium Garages, and Capistrano Wind Partners. Power and energy is one of four core sectors within the strategy and given that the US is the world’s largest energy market, AMP Capital is in no doubt that the risk/return potential for its investors is favourable.
This is evidenced by a 50/50
WillScot Corporation (Williams Scotsman), a provider of innovative modular space and portable storage solutions across North America, is to acquire Modular Space Holdings for an enterprise value of approximately USD1.1 billion.
Williams Scotsman will indirectly acquire MS Holdings for a purchase price comprising USD1,063,750,000 of cash consideration, 6,458,500 shares of WSC Class A common stock and warrants to purchase 10,000,000 shares of WSC Class A common stock at an exercise price of USD15.50 per share, subject to customary adjustments. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2018.
ModSpace,
By Jonathan Law, Dillon Eustace Cayman
Why re-domicile? Regulation – From the regulatory perspective a move in jurisdiction can result in a lighter or more substantive regime of which the manager wants to take advantage. Additionally and from time to time changes in the regulatory landscape or failure of jurisdictions to adopt and implement international regulatory changes have created issues for managers.
Operations – Operational considerations may include key service providers to the fund requesting or requiring the domicile of the fund to be moved for regulatory alignment or other reasons.
Cost – Whilst often not the sole driver for a decision to re-domicile it
Guernsey makes no excuses for wanting to attract fund managers to the island and evolve into more than simply an alternative funds jurisdiction. It is, according to Andrew Carey (pictured), Head of Locate Guernsey, an explicit position as opposed to a ‘nice to have’ position.
“We are working closely with the Guernsey Investment Funds Association to increase the number of fund managers on the island. The size of the manager community is already quite significant, it’s one of the best performing financial sectors, but there’s always room for more managers and for those that choose to come here, they will find
Jersey has a population of around 100,000 people, of whom approximately 12,000 work in the finance industry. This is an island jurisdiction with financial fund services at the heart of its economy. As such, it is able to draw upon a deep pool of talent, including graduates from UK universities as well as resident professionals with years of experience.
“We have a good talent pool here and a very buoyant financial funds industry. Talent isn’t an issue. That said, if you can’t find specific talent you are allowed to bring someone to the island. If it’s a specific role you
By Ivan Grech (pictured), FinanceMalta – Malta is, in many ways, an attractive place to do business. This applies to business in general of course, but is particularly the case for financial businesses. This includes funds, be they retail collective investment schemes, alternative investment funds or any of a wide variety of hedge funds falling under the wide umbrella of a “professional investor fund” or PIF.
There are myriad reasons for this attractiveness, starting from the regulatory and legal environment within which financial businesses and funds operate in Malta. While clearly important, these are dealt with at length in many other places,
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