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By Mary Beth Hamilton – With 2018 around the corner many firms are locking down their budgets and looking for opportunities to run more efficiently. Technology is one area where savvy alternative investment firms can optimise their budgets to make room for new IT initiatives.
Here’s our list of five technology budget areas to evaluate.
Cloud Technology
Go Cloud. If you’re still running an on-premise IT environment it is time to evaluate a move to the cloud. Aside from shifting IT management responsibilities, you’ll gain access to cost predictability and the latest technology feature sets. Not to mention the real estate
Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various roles within a fund structure.
Consequently, the SCB’s mission last summer was to address those gaps by asking two major law firms to develop draft legislation and update the Investment Funds Act that would help support institutional, as well as private wealth business.
“In launching the overhaul, it was important
Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo, Gordon & Co, has committed over USD1 billion to private equity sponsors in support of healthcare sector transactions in the middle market. Since inception, Twin Brook has closed on 42 healthcare transactions.
Trevor Clark and Chris Williams, Co-Heads of Twin Brook, says: “We are thrilled to support our private equity sponsor clients investing in U.S. middle market healthcare companies. Deploying more than USD1 billion in the healthcare sector is a significant milestone and we look forward to putting more capital to work over the long-term.”
Faraaz Kamran, a
WorldQuant Ventures has made an investment in Sequentum, a web data extraction and web automation software development company.
WorldQuant Ventures’ investment will allow Sequentum to scale its business operations in the United States and expedite the launch of new technologies including a cloud version of “Content Grabber,” the company’s data extraction software.
“We believe that Sequentum’s Content Grabber technology is best in class and separates Sequentum from its competitors,” said Steven Lau, Managing Director of WorldQuant Ventures. “Our investment will drive the company’s growth as it reaches a critical inflection point in its development trajectory.” WorldQuant Ventures is joined
LSP has held the first and final closing at EUR280 million (USD 330 million) of its new medical technology fund, the LSP Health Economics Fund 2 (LSP HEF 2).
The fund was oversubscribed and exceeded both its target size and its original ‘hard cap’, making LSP HEF 2 the largest fund in Europe dedicated to medical technology. The investment strategy of LSP HEF 2 follows on from the first LSP Health Economics Fund, to fund innovation that has the potential to both improve the quality of patient care while also keeping healthcare costs under control, thus helping to make healthcare
Synopsys has completed its acquisition of Black Duck Software, a privately held leader in automated solutions for securing and managing open source software, in a deal worth USD547 million.
Software development is undergoing sweeping and rapid change, including the increasing use of open source software (OSS), which makes up 60 per cent or more of the code in today’s applications. While the use of open source code lowers development costs and speeds time to market, it has been accompanied by significant security and license-compliance challenges, because most organisations lack visibility into the OSS in use.
Black Duck’s industry-leading products
IntelliShop AG, a software and solution provider for B2B eCommerce, will be supported by a new lead investor.
An investor consortium advised by IMCap has acquired the majority IntelliShop AG, a software and solution provider for B2B eCommerce.
The transaction will also make additional growth capital available to the Karlsruhe-based software company. The successful management team led by CEO Thomas Mondelli will remain on board. The parties involved have agreed to not disclose any information on the purchase price or further terms of the transaction.
The company will keep its focus on development and marketing of the IntelliShop
Alternative investment manager FS Investments is to create a joint venture with EIG Global Energy Partners (EIG), a global alternative investment firm focused on energy and energy-related infrastructure.
The joint venture is expected to create a platform with the scale, flexibility and energy industry expertise to offer energy and infrastructure companies flexible financing solutions across the capital structure. As a result, following the formation of the venture, the FS Investments/EIG team expects to generate enhanced deal flow – particularly directly originated deals – that positions the portfolio to create long term value for FS Energy and Power Fund (FSEP) investors.
Spartan Capital Securities has appointed Andrew M Heath as Chief Compliance Officer.
Heath has more than 35 years of comprehensive professional experience in the financial services industry. His expertise spans virtually all core industry management functions, with particular emphasis on compliance, capital markets and operations. He has served as Chief Compliance Officer and General Counsel at leading firms in the financial services industry such as UBS, National Securities Corporation and Buckman, Buckman & Reid.
Spartan Capital Securities’ Founder and CEO, John Lowry, says: “We are very pleased that Andrew Heath has joined the Spartan team. Andrew’s extensive knowledge, strong
Senseye Limited has raised GBP3.5 million at the close of a Series A funding round led by MMC Ventures, a venture capital fund investing in early stage, high growth companies. The round was also supported by existing investors Breed Reply, IQ Capital and Momenta Partners.
Named NMI Emerging Tech Company of the Year 2016, and highly commended for ‘Tech Business of the Year’ in the 2016 startups.co.uk awards, the company will use the capital to meet fast-growing customer demand for its Senseye automated condition monitoring diagnostics and prognostics product – the leading-edge software solution that enables industrial companies to easily predict the failure of machines months in advance.
Senseye’s cloud-based
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