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Property Innovation Labs (Pi Labs), a property tech venture capital firm, has secured a strategic equity investment to accelerate its global growth, led by Värde Partners.
The new capital injection will be used to scale the business as part of Pi Labs’ aim to create a globally diversified portfolio. London-based Pi Labs, which separately closed its second fund of USD10 million in June 2017, will continue to bolster its investment capabilities with larger funds going forward. The VC firm also continues to explore expanding internationally over the next 18 months.
This investment gives Värde, along with the other participants in the
Alter Domus, a provider of fund and corporate services to alternative investment managers, has appointed Alexander Traub as the new Regional Executive Asia Pacific, based in Singapore. Traub is also a member of the Alter Domus Group Executive Board.
Traub has had a broadly diversified 18 year career in financial services, almost all of which has been spent in Asia with the last 10 years in Singapore. He spent the last four years building the Asian business of a global private equity and real estate fund services group from a 4 person office in Singapore to approximately 300 people across
Artemid, the joint venture between Capzanine and Amiral Gestion, specialised in Small and Mid-Cap Financing, has successfully closed its second senior loan fund (Artemid Senior Loan II).
Supported by its fifteen initial institutional investors, alongside new investors, ASL II reached EUR413 million, well above its target.
As a reminder, Artemid also manages a dedicated EUR70 million mandate on behalf of an insurer. Since its inception in 2014, Artemid has raised EUR750 million.
“Relying on the success of the first fund (ASL I) and on its dynamic deployment over two years, we have suggested to our investors to pursue
Consonance Capital Management, a public equity investor in the healthcare industry, has appointed Kevin Pyun as Partner and Director of Research.
Pyun, who has been with Consonance Capital Management since 2008, is actively involved in every facet of the firm’s core investment process, focusing most heavily on the due diligence surrounding both new and existing portfolio positions across all healthcare subsectors. He is also responsible for managing the analytical efforts of the broader investment team.
The announcement comes after continued growth for Consonance Capital Management and represents a further commitment to providing best-in-class investment opportunities in publicly traded healthcare
eSentire, a managed detection and response (MDR) provider, has appointed Kerry Bailey as CEO, effective immediately. J Paul Haynes, former eSentire CEO, will assume the role of president and COO, and remain responsible for operations and the technical direction of the company.
“Kerry is a seasoned leader with extensive experience delivering high growth and creating value within the information security services industry. We are confident in his ability to take eSentire to the next level at this important time in the company’s growth trajectory,” says Cary J Davis, managing director, Warburg Pincus, eSentire’s lead investor.
A growth and change leader
Norwest Venture Partners has closed its largest fund to date, Norwest Venture Partners XIV. The new USD1.5 billion fund targets disruptive and market-leading companies from seed to late-stage across consumer, enterprise and healthcare sectors.
The launch of Norwest Venture Partners XIV, which brings the firm’s total capital commitments to more than USD7.5 billion, closes on the heels of a record two years, as 30 of the firm’s portfolio companies achieved notable liquidity events.
Norwest Venture Partners XIV follows Norwest Venture Partners XIII, a USD1.2 billion fund, which closed in January 2016. Since then, Norwest has made 80 new and
IK Investment Partners’ (IK) IK VIII Fund is to acquire PwC Sweden’s (PwC) business services division for accounting, payroll and related advisory services (Business Services).
Business Services will continue to operate under a new brand which will be developed during the upcoming months.
Business Services is the market leader in accounting, payroll and related advisory services with 71 offices and approximately 1,100 employees across Sweden. Business Services, which operates as a separate division within PwC, supports over 27,000 small and medium-sized enterprises (SMEs). Business Services had a turnover of more than SEK 950 million in 2017, and has shown
Tony James, President and Chief Operating Officer of Blackstone is to hand over day-to-day management of the firm to Jon Gray, Global Head of Real Estate.
James will continue in a full-time role at the firm and assume the title of Executive Vice Chairman, reporting to Stephen A Schwarzman, Co-Founder, Chairman and Chief Executive Officer.
Gray will become President and Chief Operating Officer also reporting to Schwarzman. Two long-time leaders in Blackstone’s real estate group, Ken Caplan and Kathleen McCarthy, have been named Global Co-heads of Real Estate succeeding Gray.
James says: “I have had a wonderful 15
Caroline Jury further enhances Morrison & Foerster’s London finance practice, and becomes the latest partner to come to MoFo from a magic circle firm.
Jury, who comes to Morrison & Foerster from Clifford Chance, is the fifth partner in less than two years to join from a magic circle firm. She brings a wealth of experience and accomplishments in cross-border financial transactions.
“Caroline is a highly experienced lawyer with deep connections and experience in the London market and an impressive track record in building market-leading finance practices, including in Germany and most recently in Sydney,” says Paul Friedman, Morrison
European private investment fund Capzanine has made an investment in EOS Corrugate, joining the company’s existing management team and historical investor Eximium to support the group’s development.
Founded in 2013, following Rodicut’s acquisition of Bricq (formerly Voith Paper), EOS Corrugated is one of the world leaders in the production of technical consumables (polyurethane anvil covers, rotatory cutting dies, corrugated belts, and more), mainly for the corrugated cardboard industry. The group, which has 120 staff and a turnover of more than EUR20 million, enjoys international exposure with a presence in over 70 countries.
Capzanine is taking over the majority of
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