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BlackRock’s Global Infrastructure Debt Team closed more than USD400 million through seven long-term debt investments across the renewables sector on behalf of its clients in 2017, supporting circa 2800 megawatts (MW) of generating capacity.
This brings the Global Infrastructure Debt Team’s total renewables debt portfolio to over USD1 billion, forming part of the total USD8 billion in Assets under Management (AuM) managed by the team.
Most recently, the team has closed a bilateral solar debt financing in the UK, the financing of the Walney Extension Offshore Wind Farm, where BlackRock was involved from the outset in structuring and negotiating
Mobile marketing platform Adikteev has secured USD12 million in its Series B round for further international growth outside of its home base in France, as well as research and development efforts.
Ring Capital and BNP Developpement led the round to which ISAI, Ventech and Laurent Asscher also contributed. Adikteev uniquely combines state-of-the-art creative technology, data and artificial intelligence to deliver ROI for advertisers and app developers.
“In just five years, Adikteev has reached an unprecedented level of strategic growth from seizing new opportunities in the marketplace,” says Xavier Mariani, CEO of Adikteev. “This new round of funding will help
PEF Services, a leading fund administrator for alternative investment managers, today announced the signing of a new client.
Private equity firm Blue Point Capital Partners has selected PEF Services to provide fund administration for its four institutional funds.
With the recent announcement the closing of its fourth buyout fund, Blue Point has now raised nearly USD2.0 billion in capital and will continue to focus on partnering with entrepreneurs and management teams to grow leading middle market companies.
“Until now, we have managed our back office functions with internal resources. Supplementing our internal resources will help support our growth and
Equity crowdfunding platform Seedrs has reported record trading on its secondary market which was launched in June 2017 and was opened to all investors, whether previous shareholders or not, for the first time last week.
Until Seedrs announced the launch of its secondary market, the long-term nature of early stage equity meant that the majority of shares would remain illiquid for some time and investors generally needed to wait for an exit such as an IPO or sale of the business. Since launch, 1,330 share lots have been traded on the Seedrs Secondary Market.
When the Seedrs Secondary Market
McKinsey & Company’s 2018 annual review of private markets confirms global fundraising and assets under management (AUM) reached record highs in 2017, while managers once again faced mild difficulties to deploy capital, as deal count fell, multiples went up, and dry powder increased for the ninth consecutive year.
The report, called ‘The rise and rise of private markets’, is the first publication of the year to comprehensively analyse 2017 performance with the full year’s data across five asset classes – private equity, infrastructure, private debt, natural resources, and real estate. As well as examining capital flows and deployment, the report
Ares Capital Corporation and Varagon Capital Partners have increased the investment capacity of their joint venture, the Senior Direct Lending Program (SDLP), to approximately USD6.4 billion from USD2.9 billion.
AIG (NYSE:AIG), an existing investor in SDLP, increased its capital available to the program by USD500 million to USD2.75 billion and another leading global insurance company newly made available USD2.0 billion. Ares Capital and Varagon have agreed to make available an incremental approximately USD1.0 billion on a pro rata basis based on their respective ownership of subordinated certificates in the SDLP.
During 2017, the SDLP made USD1.1 billion of new
Middle market private equity firm Bregal Partners has made a growth investment in Ju-Ju-Be International (Ju-Ju-Be), a lifestyle brand in the juvenile products industry and provider of premium nappy bags, backpacks, and accessories.
The investment was made in partnership with the Company’s founders, Joseph Croft and Kristin Hunziker, who remain significant shareholders in the business.
Bregal Partners’ Managing Partner, Charles Yoon, says: “We believe Ju-Ju-Be is well-positioned to capitalize on the trend towards higher quality, functional, and fashionable products that help parents on-the-go. Given Ju-Ju-Be’s reputation among its loyal and truly remarkable customer base, we believe there is an
Funds managed by Clayton, Dubilier & Rice are to acquire a 60 per cent ownership stake in American Greetings, a designer, manufacturer and distributor of greetings cards, as well as gift packaging, party goods, and stationery products.
The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40 per cent stake in the business. Terms of the transaction were not disclosed.
American Greetings has the number one position by volume in the USD6 billion North American greetings card market, with several iconic brands, including American Greetings, Papyrus, Recycled Paper Greetings, Gibson, and Carlton
Orion Resource Partners has completed the final closing of Orion Mine Finance Fund II with over USD2.1 billion in capital commitments.
Fund II is the successor fund to Orion Mine Finance Fund I and Orion Mine Finance Fund I-A and will continue Orion’s strategy of financing the construction of later-stage mine projects through a combination of debt, equity and production-linked investments (eg, royalties, streams and offtakes). Limited partners in Fund II include some of the world’s largest and most sophisticated investors, including leading sovereign wealth funds, public and private pension funds, endowments and foundations, fund of funds, and family offices.
The Private Capital Markets Association of Canada (PCMA) and the National Exempt Market Association (NEMA) are to merge, creating the largest private capital markets community in Canada in the process.
The combined organisation will retain the name Private Capital Markets Association of Canada (PCMA) in order to best reflect the evolution of the name of the industry in which its members operate.
Initially, the PCMA’s membership base and activities were principally based in Eastern Canada, and NEMA’s membership base and activities were principally based in Western Canada. However, as each association expanded, their respective operations have increasingly overlapped.
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