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F2i has held the first closing of its third fund with EUR3.14 billion in capital commitments. The amount is expected to increase, in early 2018, to EUR 3.3 billion, the maximum amount allowed under the fund’s own rules.
The fund, with a 12 year duration, inherited (through a merger) the assets of F2i’s First Fund. The merger allows the Third Fund to begin its activities with an established infrastructure portfolio covering airports, natural-gas networks, renewable energy, solar and integrated water operators.
Bank Foundations and Pension Funds, which have invested in F2i since its inception, were among the largest supporters
Northern Trust has hired Edwin Chan (pictured), to spearhead sales across the alternatives fund sectors in Europe, Middle East and Africa (EMEA).
Reporting to John Grundy, institutional sales manager for Northern Trust’s Corporate & Institutional Services (C&IS) business in EMEA, Chan will focus on further accelerating the growth of specialist alternative asset servicing capabilities across private equity, real estate, infrastructure, renewable energy and debt funds.
“We are delighted to announce Chan’s appointment as we continue to expand our capabilities and our leadership in our alternatives business, which supports over USD1 trillion in assets on behalf of global asset managers
CORE Industrial Partners (CORE), an industrials-focused private equity firm based in Chicago, has acquired Prototek Sheetmetal Fabrication (Prototek). Financial terms of the transaction have not been disclosed.
Founded in 1987, Prototek is a leading rapid prototyping service provider of CNC machined and sheet metal fabricated parts and components. The Company serves a diverse customer base across a variety of end markets such as aerospace, defence, medical, robotics, electronics, consumer, and general industrial. Prototek’s in-house manufacturing capabilities, including CNC machining, sheet metal fabrication, powder coating, chromating, anodising, silk screening and assembly, enable industry-leading turnaround times, including same day quoting, manufacturing and
Almost three-quarters (73 per cent) of chief financial officers (CFOs) and chief operating officers (COOs) at UK-based private equity and venture capital firms expect levels of dry powder – money raised but not yet invested – to climb further in 2018 as the rate of inflows remains high and attractively valued deals hard to come by.
Surveyed at the BVCA reception event for private equity CFOs and COOs, almost half (45 per cent) said they expect the private equity fundraising climate in 2018 to resemble 2017, a year that has seen General Partners attract more capital than ever. However, 41
Technology is playing a pivotal role in how fund administrators support the growing reporting needs of private equity (PE) groups. Those who have both the internal experience to handle PE funds and the technological capability to deliver effective services and reporting, are likely to be the best positioned; especially as more PE groups appoint trusted third party service providers.
The push toward using third party administrators is largely institutional-driven. As investors look to diversify their portfolios, they expect reporting from PE groups to be similar to the reports received from hedge fund managers.
“Increasingly, PE managers are choosing to not
Peel Hunt, an independent corporate broking, advisory and trading house focused on UK mid and small caps, is pleased to announce the appointment of Harry Nicholas to the role of Associate Director in its Corporate Real Estate team, effective immediately.
Nicholas joins from Jefferies Hoare Govett, where he worked as Senior Vice President in the UK Investment Banking team across a range of FTSE100, FTSE250 and small cap clients. He will be responsible for transaction execution and client relationship building to further grow Peel Hunt’s leading Real Estate franchise in the UK equity market.
Steven Fine, CEO of Peel
Upstream Security, provider of a cloud-based cybersecurity platform for connected cars and autonomous vehicles, has closed a USD9 million Series A funding round, led by CRV (Charles River Ventures).
The round included expanded investments from Israeli-based Glilot Capital Partners and Maniv Mobility. Following a USD2 million seed funding round in June, the company will use the latest investment to expand its R&D program and continue building out its world-class engineering and security research teams, and open marketing and sales offices in the United States and Europe. The company is well-resourced to secure the 60 million connected cars on the road
REYL & Cie (REYL), the banking arm of REYL Group, has made an investment alongside Social Impact Finance in the Series B funding round of Aspiration, an online banking company based in Los Angeles.
In doing so, it will join the likes of Allen & Company, Omidyar Network, Capricorn Investments, Joseph Sanberg and other leading investors in the technology space. For REYL, this reflects a concrete and designed entry into the digital banking and fintech segments as a first step to building an innovative digital banking strategy in the coming months and years.
Founded in 2015, Aspiration offers banking,
LakePharma, a US biologics company specialising in antibody and protein engineering, cell line development and protein production, has raised USD30 million in growth financing led by global growth equity investor Summit Partners with participation from existing investor Ampersand Capital Partners.
The funding will be used to enhance LakePharma’s existing service offering and grow the company’s biomanufacturing capabilities.
Founded in 2009, LakePharma provides a full range of biologics services and technology, which enables clients to accelerate product development from lead discovery to Phase 1 clinical trials.
LakePharma currently operates three laboratory centers in the Bay Area in Northern California and one
KKR has injected additional capital to support asset management services provider Joulon’s ongoing acquisition activity.
With KKR’s continued support, Joulon has completed its acquisition of Harris Pye Engineering Group Limited, a provider of engineering and project management services to the marine, offshore and industrial sectors.
Joulon’s platform provides comprehensive Asset Management services to the energy industry. The Company’s business model is based on acquiring businesses with established track records and complementary global expertise in maintenance, repair and overhaul (MRO) services to the oil and gas industry. By combining and enhancing these companies’ expertise and synergies, Joulon is able to
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