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Lincolnshire Management has sold Amports, a leading North American port terminal operator, to a group of investors led by InstarAGF Asset Management.
Amports controls portside acreage at many of the top roll-on, roll-off ports across the United States and Mexico, including in the San Francisco Bay Area, Baltimore, Jacksonville and Altamira, Mexico. Terms of the private sale were not disclosed.
Based in Jacksonville, Florida, Amports provides customers with seamless logistical and portside services in vehicle processing, including rail loading and unloading, inspection, storage, accessory installations, and customisations, repairs and regulatory homologation services. Throughout its 60-year history, the company has
Private equity firm HIG Capital (HIG) has closed the sale of HelpSystems Holdings (HelpSystems) to HGGC.
Founded in 1982 and headquartered in Eden Prairie, MN, HelpSystems is a leading provider of systems and network management, business intelligence, and security and compliance solutions. The Company delivers IT infrastructure software for IBM i, Unix, Linux, and Windows environments to over 13,000 customers worldwide. Customers come from virtually every industry and range in size from small and midsize businesses to Fortune 500 organisations.
In October 2015, HIG acquired HelpSystems through a private transaction. “HelpSystems is a terrific organisation with exceptional leadership. Chris
Mercury Capital Advisors, a global placement agent specializing in alternative investments, has appointed industry veteran, Reymundo Calcano, as Chief Financial Officer, effective immediately.
In his new role, Calcano (pictured), will report to Chief Executive Officer, Michael Ricciardi, and will lead the Mercury Capital Advisors’ finance team.
Calcano brings over 15 years of financial leadership and management experience to the Company. Prior to joining, Calcano served as Head of Finance and a member of the Executive Committee for Brevan Howard US. During his tenure at the firm, he worked as Finance and Operations Principal for Brevan Howard’s FINRA member broker-dealer
For any private equity fund manager, choosing to outsource the accounting and administration role is a significant decision. But there are benefits to doing so and it can lead to achieving operational best practices, as was discussed in a webinar session on 13 March 2018, hosted by Private Equity Wire in conjunction with Gemini.
The webinar, entitled “Achieving Operational Alpha in PE Fund Administration,” featured: Dominique Severino, Partner, Orthogon Partners, a New York-based alternative asset manager specialising in esoteric assets; Dennis Schall, Partner, Alternative Investment Group, Marcum LLP, a full service accounting firm, and David Young, President of Gemini Alternative Funds,
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
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