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Andrew Strange, PwC director, comments on this morning’s FCA Asset Management Market Study policy statement and consultation…
The FCA has struck a pragmatic balance between prescriptive rules and flexible guidance, and the rules should be welcomed by the industry and consumers.
Delivering value for money for investors has always been a key tenet of the asset management industry. Changes to focus on wider value, rather than just charges, will better enable firms to demonstrate this value to their customers, although the new public statements could risk overloading consumers with information. However, updating guidance to make it easier for firms
Katey Bogue has joined eVestment, a global leader in institutional investor data and analytics, as Head of Private Markets. She will be responsible for leading the growth and development of eVestment’s private markets solutions.
This will include expanding eVestment’s private markets database and growing the company’s market intelligence, analytics and due diligence solutions for private markets general and limited partners.
Bogue (pictured), joins eVestment from Nasdaq, eVestment’s parent company, where she served as Head of Alternatives for Nasdaq Private Market. Her appointment illustrates the opportunities to share expertise and personnel between Nasdaq and eVestment that made eVestment an attractive
The market for private equity continues to ride a wave of success with brisk demand from investors, together with rising market valuations in respect of company takeovers securing another excellent year for the industry in 2017.
Although there are initial signs of some overheating in the large-caps segment, small caps continue to offer attractive investment opportunities.
These are the key findings of a current market assessment by the investment house FERI.
The proportion of alternative investments has increased significantly in recent years, as investors increasingly seek non-market-dependent sources of income and the broadest possible diversification for their portfolio.
The Duncan & Todd Group, a Scottish optical provider, has acquired Peebles-based Dempster Opticians as part of its national rollout of optician and hearing care services.
The deal, which follows a GBP15 million investment from private equity firm LDC at the end of March 2018, will strengthen Duncan & Todd’s presence in the Central Belt. It will also enable it to roll out its new audiology service, ensuring local communities have access to high-quality hearing care throughout Scotland.
Located in Peebles for more than 40 years, Dempster Opticians is a well-established optometrists with a loyal patient base. This is the first acquisition of Duncan
Zilingo has raised USD54 million in a Series C funding round taking total funding raised by the company to USD82 million. The round was led by Sofina, Burda Principal Investments and Sequoia Capital India. Amadeus Capital too joins as a new investor.
All existing investors participated in the round including American billionaire Tim Draper, SIG, Venturra, Beenext, Manik Arora along with others. This round comes close on the heels of Zilingo’s USD17 million Series B raised 5 months ago.
Founded by Ankiti Bose and Dhruv Kapoor in October 2015, Zilingo was built to connect a highly fragmented landscape of fashion
Funds advised by Triton have successfully completed the acquisition of Chevron Traffic Management (Chevron TM), a UK-based Work Zone Safety Services provider. The company has been acquired from Portchester Equity Limited, a UK private equity firm for an undisclosed sum.
Following the acquisitions of Ramudden in Sweden and AVS in Germany, in December 2017 and January 2018, Chevron TM is Triton’s third acquisition within the broader European market for Work Zone Safety Services.
“We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute
Palm Beach Capital Fund IV, through one of its investment entities, has invested in Mears Transportation (Mears).
Financial terms of the deal, which saw Palm Beach Capital partner with TriArtisan Capital Advisors, have not been disclosed.
Mears Transportation is a ‘full service’ transportation company with primary operations serving Central Florida residents and tourist destinations, owning and operating nearly 1200 vehicles including 251 motor coaches, 620 taxicabs, 260 luxury vehicles and 52 shuttle vans. In addition to serving Orlando International Airport as the primary shuttle concessionaire and largest taxi provider, Mears also operates numerous bus and shuttle services for central
Michael Doppelt has rejoined middle-market private equity firm Irving Place Capital (IPC) as a Partner and Head of Fundraising and LP Relations.
Doppelt’s new role at IPC will focus on maintaining strong connections with current Limited Partners while expanding the firm’s relationships to include new institutional investors.
Doppelt previously worked for IPC from 2005 to 2010 as a Senior Managing Director, responsible for LP Relations and Business Development. Prior to recently rejoining IPC, he spent eight years as a Managing Director and Partner at Lightyear Capital, leading fundraising and Investor Relations, during which time the firm completed two target-exceeding
Renowned AI commentator, Nick Bostrom, is confirmed to speak at both Jersey Finance flagship fund and private client conferences in London this April.
Bostrom’s book, ‘Superintelligence’ has been praised by some of the most respected voices in technology and science and has been cited by the likes of Stephen Hawking, Elon Musk and Bill Gates in the debate over AI.
In just under one month’s time, Jersey Finance will welcome Bostrom alongside a host of experts from the private wealth and funds industries to address delegates at their flagship conferences in London on 24 and 25 April 2018.
Strategic Partners Fund Solutions (Strategic Partners), Blackstone’s (NYSE:BX) dedicated secondary and fund solutions business, has held the final closing at the hard cap of USD1.75 billion for Strategic Partners Real Assets II (S PRA II), its second global infrastructure-focused secondary fund.
SP RA II’s global investor base is comprised of sovereign wealth funds, pension funds, financial institutions, endowments, foundations and family offices. SP RA II began investing in May 2017 and has already closed or partially closed 14 transactions.
Stephen Can, Senior Manager Director and Co-Head of Strategic Partners, says: “We are deeply thankful for our investors’ continued support
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