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Burford Capital Limited has raised a further GBP100 million (approximately USD144 million) through an oversubscribed issue of bonds on the Main Market of the London Stock Exchange by Burford Capital PLC, its UK financing subsidiary.
The bonds will pay interest at an annual rate of 6.125 per cent and mature on 26 October 2024.
Combined with Burford’s prior investment commitments, this new capital once deployed will take Burford’s cumulative litigation finance investment commitments to approximately USD1 billion. Burford’s portfolio is large and widely diversified, with more than 500 individual litigation matters underlying its investments for clients from around
- 20/04/2016
- 20/04/2016
LUMA Capital Partners invested USD2 million in Blueshift's recent Series A round of financing. The investment is a first for the newly formed fund that is exclusively focused on innovations in marketing technology.
Alongside the investment, LUMA Capital General Partner Carey Lai has joined Blueshift's board as an observer, bringing years of experience helping to grow some of today's most successful mar-tech companies like Sprinklr and Gigya.
"Our team has spent their careers investing in, leading and advising some of the smartest, most successful marketing technology companies," says Carey Lai, General Partner, LUMA Capital Partners. "We are particularly excited
- 20/04/2016
Global fund administrator and accounting firm Langham Hall has been appointed to provide fund administration services for UK private equity firm NorthEdge Capital’s Fund II, which has closed at a hard cap of GBP300 million.
This win has added to Langham Hall’s growing private equity client base which comprises of a portfolio of well known European and Asian private equity funds.
Niyamat Fazal, Langham Hall’s London-based Head of Private Equity, says: “Being selected by such a high calibre reputable firm is a major achievement. We look forward to working with NorthEdge and its team in 2016.”
Grant Berry, Managing Partner
- 20/04/2016
MedMen has closed a deal with global venture capital firm Cap-Meridian Ventures LTD (CMV). CMV has invested approximately USD15 million into MedMen.
MedMen continues to rapidly expand its footprint in California on the heels of AB 243 and 266 (MMRSA) with a fully integrated presence.
"We are excited with the progress we have made deploying our platform into new markets over the last few years. That being said, California is our backyard and the most important cannabis market in the world. This infusion is one of the first steps in a series of deals we will be announcing in the
- 20/04/2016
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Michael McCabe as Sales Director.
McCabe joins from BNY Mellon’s Alternative Investment Services business where he spent more than 10 years leading the North American business development team, following senior roles in operations and relationship management.
With more than 30 years’ experience in the alternative investment industry, McCabe will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing,
- 20/04/2016
HIG BioHealth Partners (HIG), the dedicated healthcare investment affiliate of private equity firm HIG Capital, has sold NeuWave Medical (NeuWave) to Ethicon, a medical device company of the Johnson & Johnson family of companies.
NeuWave is a privately held medical device company that manufactures and markets minimally invasive soft tissue microwave ablation systems. Their products are currently used by physicians in leading cancer centers throughout North America. Financial terms of the transaction were not disclosed.
Michael Wasserman, PhD, an HIG Managing Director and NeuWave board member, says: “Together with NeuWave’s talented management team, we successfully grew the company into a
- 20/04/2016
Preqin’s 2016 Sovereign Wealth Fund Review shows that, despite global market volatility and low oil prices, the AUM of sovereign wealth funds globally increased by USD200 billion over the previous year to reach USD6.51 trillion in March 2016.
This growth was driven by non-commodity funds which added USD290 billion in assets; hydrocarbon funds lost USD10 billion, while other commodities funds saw their AUM more than halved from USD130 billion to USD50 billion. Forty-five percent of sovereign wealth funds saw their assets increase over the 12 month period, while 19 per cent saw their AUM remain the same as in March
- 20/04/2016
Ardian’s latest cycle of fundraising has attracted investment of USD14 billion, comprising USD10.8 billion from Ardian’s seventh generation secondary platform and USD3.2 billion of primary investments.
This comes less than two years after Ardian raised USD10 billion through its previous round of fundraising. Ardian has now raised USD27.4 billion for secondary investment in under five years.
This latest round of fundraising confirms Ardian as a global leader in Funds of Funds, attracting major institutional investors from North America, Europe, the Middle East, Asia and South America. In total, this amounts to 180 investors from 26 different countries. Around 25 per
- 20/04/2016
- 20/04/2016
Monroe Capital has acted as sole lead arranger and administrative agent on a USD63 million senior credit facility to support an investment in Familia Dental Group Holdings (Familia) by private equity sponsor, The Halifax Group.
Headquartered in suburban Chicago, Familia provides quality, affordable dental care to underserved populations in smaller markets across five states. The company provides general dentistry, orthodontics and oral surgery services to over 250,000 patients annually.
The business was founded in 2008 and now has 31 clinics, half of them in the Upper Midwest, with several expected openings slated for later this year.
- 20/04/2016
The Association of International Wealth Management of India (AIWMI), in conjunction with a number of big-name fund houses, has set up the Indian Association of Alternative Investment Funds (IAAIF).
IAAIF aims to set standards and provides a voice for the emerging alternative investments sector in India.
The current Charter Members of IAAIF are Ambit Investment Advisors, Arthveda, Ativir, DSP Blackrock Investment Managers, Edelweiss Alternative Asset Advisors, Harmony Capital, India Infoline Asset Management, IFMR Investment Managersand Unifi Capital, with many other institutions currently in the on-boarding stage. Current Affiliate Members are Milesoft Technologies & Amicorp Trustees.
India’s alternative investment funds (AIFs),
- 19/04/2016
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