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Swarm Fund, the blockchain for private equity, has announced its second Real Estate fund, the Viejo San Juan Comunidad RE Holdings Fund.
The fund, available to Swarm Fund’s accredited investors, will target redevelopment of property and other projects in the ‘Old San Juan’ section of San Juan, Puerto Rico, serving both the traditional community housed there and the new ‘crypto community’ beginning to emerge, with a focus on market-rate office space, short-term residence and other properties.
The real estate asset-backed fund, which was opened last year, is led by the management team of Stephen Inglis and Mercy Zayas, veterans
Intertrust in Jersey has appointed an experienced director in its Performance & Reward Management team.
Melissa McConnell joins Intertrust as a client director, heading up the Deferred Compensation team. She will manage a range of client portfolios, providing trustee and administration services to those clients that are required to defer their bonuses for regulatory or company specific reasons.
The team’s clients include asset managers, private equity companies, hedge funds, private companies and large listed companies. In addition to this, McConnell will develop the team’s service offering further and undertake business development.
McConnell has 16 years’ experience in offshore trust administration
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported a 21 per cent increase in revenue in Q1 2018 compared with the same period in 2017.
The growth is attributed to winning a large number of new clients for its signature AbacusFLEXä IT-as-a-Service solution as well as new application hosting clients. Abacus Group also recently announced it has tripled its UK client base and was selected by TraderTools to host its FX trading network in the Abacus Private Cloud in both the US and the UK. Over the last 10 years since
Palmer Square Capital Management, an asset management firm that provides portfolios of corporate credit, structured credit and alternative credit strategies to a wide range of institutional and high net worth investors, has surpassed the USD5.0 billion assets under management mark ending the first quarter of 2018 at approximately USD5.5 billion.
Christopher D Long, President of Palmer Square, says: “We are incredibly proud of this accomplishment as we believe we have achieved this growth not only due to our continued strong risk-adjusted investment performance, but also the increased investor recognition of the depth of the Palmer Square team, investment process and
Private markets asset management firm Hamilton Lane has made a number of firm-wide promotions, naming seven professionals to the title of Principal.
“We congratulate this group of individuals and recognise their contributions to the organisation. With promotions across the firm’s investment, product and strategic technology platforms, as well as our client service functions, we have enhanced our senior team to better serve our new and existing clients around the world,” says Mario Giannini (pictured), CEO of Hamilton Lane. “The last year has been one full of milestones for Hamilton Lane, and the continued development of our deep bench of talent
White Oak Equity Partners (White Oak), a private equity firm that purchases non-controlling GP interests in alternative asset managers, has acquired a minority interest in FCO Advisors, a specialist in alternative municipal strategies with over USD1 billion in assets under management.
Terms of the transaction have not been disclosed.
The transaction and new partnership offers FCO significant resources and flexibility for growth. The collaboration between FCO and White Oak will position FCO for expansion into projects complementary to those FCO pursues, with an initial focus on positive-impact debt investments in US public sector infrastructure.
Hector Negroni, Chief
Elaghmore Partners, a UK-focused private equity firm, has acquired Priden Engineering Limited (Priden) for an undisclosed multi-million-pound sum.
Based in Wisbech, Cambridgeshire, Priden delivers bespoke engineering solutions to leading companies in a host of sectors including Pneumatic Vehicles, Commercial Bodies, Truck and Bus, Food Industrial Engineering as well as providing financial services for customers of its truck and trailer division.
Founded in 1988, Priden Engineering provides among other things a complete range of aluminium and stainless-steel products for commercial vehicles, stainless steel systems for the food industry such as individual machines and full production lines and is the chief
Dallas based middle-market private equity firm, Caruth Capital Partners, has invested growth capital in ATA RiskStation, a provider of cloud-based portfolio risk analytics.
Headquartered in Dallas, TX, and founded by industry veteran and technology entrepreneur, Aladin Abughazaleh, ATA RiskStation provides clients with portfolio risk analytics that process daily, using a multi-model, multi-parameter and multi-time frame approach. The company delivers intuitive web reporting and daily monitoring using customisable risk alerts generated by these analytics daily.
The firm’s product offering provides a fully automated, structured, and customisable daily risk oversight process at the individual household level for wealth managers, registered investment advisors,
Bain Capital Private Equity has acquired World Wide Packaging, a provider of cosmetic packaging components, plastic tubes, and formulation/filling technologies.
The firm has agreed to purchase a Chinese cosmetics packaging manufacturer and plans to merge the two companies to form a fully integrated solutions provider. Bringing together World Wide Packaging’s strong design capabilities, rich library and fast turnaround times, with reliable manufacturing capabilities in China, the combined entity will be well-placed to provide innovative solutions to beauty brands in the US and beyond.
Established in 1980, World Wide Packaging provides the cosmetics and personal care industries with a complete range
Innova Capital, a private equity fund in Central and Eastern Europe, has confirmed the first close of its Innova/6 fund at EUR194 million, thereby significantly exceeding the minimum target of EUR150 million.
At the same time, within twelve months up to the first close, Innova has achieved as much as 60 per cent of the hard cap set out at EUR 325 million.
Over 60 per cent of the committed capital came from LPs in the company’s prior funds, with remaining commitments provided by new investors. Half of the capital raised came from commercial investors, while the other half from
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