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Although most institutional investors are comfortable with the idea of fund managers outsourcing middle- and back-office functions while they focus on managing the investment strategy, they are taking great care and attention at the pre-allocation stage, as part of the ODD process.
Whilst they understand that there are numerous cost benefits and efficiencies to be gained using hosted platforms, they want complete confidence in who the platform provider is.
John Hynes (pictured) is CEO of HedgeFacts, a leading provider of middle- and back-office solutions to alternative fund managers. He notes that the cloud has become a significant game changer for managers
By Gayle Bowen & Aongus McCarthy, Pinsent Masons – Under new rules implemented by the Central Bank of Ireland (“Central Bank”) last month, Irish Loan Originating Qualifying Investor AIFS (“L-QIAIFs”) are now permitted to adopt broader credit focussed strategies. Previously L-QIAIFs were prohibited from engaging in any activities other than lending and ancillary related operations. This restriction was generally viewed by industry as the main obstacle to their growth in the Irish market.
These new changes are widely anticipated to create new interest in the L-QIAIF product among asset managers.
What is loan origination?
The funding gap which followed the global
Interest in Ireland among private debt and private equity fund managers remains strong, especially with the highly anticipated amended Irish Investment Limited Partnership (ILP), scheduled to be formally approved later this year.
This is good news for Ireland’s asset servicers. U.S. Bancorp Fund Services, has continued to grow its market share in not only the familiar long/short equity, credit and managed futures segments but also private equity and private debt funds and reinsurance funds.
“Over the last 18 months our assets under administration have grown from USD117 billion to USD187 billion. A considerable portion of that growth has been in
Ireland’s investment funds industry shows no sign of slowing with total AUM reaching EUR2.4 trillion by end of 2017. That’s a 16 per cent growth year-on-year and represents a new high watermark for the jurisdiction, as alternative fund managers continue to set up UCITS and QIAIFs.
That growth was underpinned by an exceptional year of net sales into Irish funds.
“There was EUR298 billion of net sales in 2017, more than twice the 2016 number. Some EUR242 billion net sales went into UCITS and EUR56 billion into AIFs. The overall aggregate AUM of QIAIFs is now EUR476 billion, which represents
BorderX Lab, a technology enabled, cross-border e-commerce company founded in 2014 by three former Google computer scientists, has raised USD20 million in a Series B financing round led by Kleiner Perkins.
The company’s platform allows consumers around the world to discover and purchase authentic consumer goods and lifestyle products from leading Western brands.
Additional investors in the Series B round include Hillhouse Capital Group, CBC (China Broadband Capital), Welight Capital and iFly Venture Capital. The financing will be used to further drive international expansion, create new platform features to improve the customer experience and continue the hiring of world
Echelon Investment Partners (Echelon), a multi-strategy credit platform, has appointed Kevin Mallon to serve as the firm’s Director of Marketing; a newly-created role.
Based in the firm’s main office in New Jersey, Mallon will be responsible for implementing and managing the firm’s investor relations and business development efforts.
Mallon brings to Echelon over a decade of experience in marketing alternative investments, primarily in the credit sector. He most recently served as Director of Marketing for Old Hill Partners, an investment adviser specialising in customised asset-backed lending transactions with middle-market companies. Prior to Old Hill, Mallon worked for several niche
Good Returns Group has secured USD1 million of funding from Inverdale Capital Management, an asset management firm focused on alternative investments.
The capital will enable Good Returns to serve the needs of its larger clients and strategically grow its impact programs.
This backing from one of Dallas’ leading asset managers highlights the significant potential of Good Returns’ approach to funding the growth of “impact organizations,” organizations that address social challenges using financially and operationally sustainable models. It also demonstrates a higher level of engagement from North Texas individual and institutional investors in the impact investment movement.
“Good Returns’ vision
Linden Capital Partners (Linden), a Chicago-based healthcare private equity firm, has closed its fourth private equity fund, Linden Capital Partners IV (Fund IV), with USD1.5 billion of limited partner commitments.
Similar to Linden’s prior funds, Fund IV was oversubscribed, exceeding its target of USD1.25 billion and hitting its hard cap. “We truly appreciate the support from our investors, which include endowments, global financial institutions, and pension funds,” says Linden President and Managing Partner, Tony Davis. “Linden will continue to execute its consistent strategy in Fund IV. This strategy consists of implementing its proprietary value creation programs, emphasising human capital, and
PAI Partners (PAI) and funds affiliated with Baring Private Equity Asia (BPEA) are to jointly acquire World Freight Company International (WFCI), a specialist in the General Sales and Service Agent (GSSA) market, from existing shareholders Greenbriar Equity Group and Pierre Brunet, Chairman of WFCI. Terms of the transaction have not been disclosed.
WFCI exclusively markets and manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes serving every major air cargo market globally, in particular the critical Asia-Europe corridor, to take advantage of growing e-commerce markets. WFCI manages more than EUR
1.3 billion (USD1.5
An Enterprise Investment Scheme that led to a world-first innovation in online learning has given investors a 75-times return on their money in a little over five years.
The Par Syndicate, a business angel network established by Edinburgh-based venture capital firm Par Equity, acquired International Correspondence Schools in late 2012. At the time, despite being a long-established “distance learning” specialist, ICS was in danger of administration, with 50 jobs and the hopes of thousands of students at risk.
Now, after half a decade of refocusing and growth, it has been transformed into a fully-fledged online education provider and a
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