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Kelley Morrell is to join Blackstone as a Managing Director and Head of Asset Management for its Tactical Opportunities business.
In her new role, Morell will be responsible for ongoing management and oversight of the group’s investment portfolio, and creating and driving added-value initiatives alongside the investment team.
Morrell joins Blackstone from CIT, a financial holding company with more than USD50 billion in assets, where she served as Executive Vice President and Chief Strategy Officer. At CIT, Morrell helped shape the company’s strategic direction following its emergence from bankruptcy, and led numerous strategic transactions that contributed to CIT’s transformation
UK mid-market private equity firm LDC has backed multi-disciplinary engineering consultancy Patrick Parsons with a multi-million-pound development capital investment to support the firm’s UK expansion strategy together with the acquisition of infrastructure engineering specialist THDA.
Headquartered in Newcastle, Patrick Parsons has more than 250 specialist engineers and provides design services across civil, structural, geo-environmental and M&E disciplines to blue-chip clients in the residential, commercial and infrastructure sectors.
Some of the firm’s most notable projects include consulting on restoration works at Durham Cathedral and developing the world’s first modular flat packed white water course in Glasgow.
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The alternative assets industry reached a record size as of the end of 2016, according to the latest performance analysis data released by Preqin examining assets under management, horizon returns, public market equivalents and top performing funds.
Hedge funds saw their assets hit a record USD3.25 trillion, despite net investor outflows through the year. Private capital funds, meanwhile, increased their assets by over 7 per cent, from USD4.27 trillion as of the end of 2015 to USD4.59 trillion 12 months later. Private equity funds represent the largest proportion at USD2.58 trillion, followed by real estate (USD785 billion), private debt (USD605
Intralinks, in partnership with Global Fund Media, has polled more than 140 LPs worldwide to understand how they view the GPs they currently allocate to. Key findings in this comprehensive survey report provide deep insight into LP thinking and planning.
Click here to read the Intralinks 2017 LP Survey Report
Mooreland Partners, a provider of M&A and private capital advisory services to the global technology industry, has acted as the exclusive financial advisor to OptoFidelity, an automated test technology provider for smart devices, on its sale to Changyuan Group.
OptoFidelity Oy, based in Tampere, Finland, is a provider of innovative test and production solutions for mobile devices, sensors and electronics used in smart devices. The company is a supplier for a growing number of industry-leading consumer device OEMs.
“Mooreland is pleased to have facilitated another ground-breaking M&A transaction in the automated test technology space,” says Peter Globokar, Managing Director,
NOW Money has closed its bridge funding round with a total of USD1.46 million in commitments.
In addition to a recent US Venture Capital investment, this funding round includes USD700,000 from Dubai-based Venture Capital firm, Myrisoph Capital. Other contributions have come from private investors and MENA-based women’s investor network WAIN.
Myrisoph Capital focuses on investments into SMEs that want expert advice and mentorship to take their business to the next level. It invests specifically within the team’s core skill-set and expertise, and in territories they know well, ensuring they can provide the best support possible.
WAIN is the
OrbiMed, an investment firm focused on the healthcare sector, has closed its third Asia-focused private equity fund, OrbiMed Asia Partners III, LP, with approximately USD551 million in capital commitments.
Consistent with its predecessor funds, Asia Partners III will invest broadly across the Asian healthcare industry, with a focus on growth stage product- and services-oriented companies in China and India. The Fund will target investments from USD10 million to USD75 million per company across 15 to 20 opportunities. Where appropriate, Asia Partners III may co-invest with OrbiMed’s global team, enabling substantially larger investments and leveraging the full financial and strategic resources
European private equity firm Silverfleet Capital has promoted Mark Piasecki, Klaus Maurer and Jean Châtillon to partners in the firm.
Piasecki is based in London and joined Silverfleet more than ten years ago. During this time, he has been responsible for making investments across most of Silverfleet’s target sectors including Business & Financial Services and Retail, Leisure & Consumer Products. Piasecki will continue his role as Head of the Financial Services sector and will maintain his focus on investment activities across the UK & Ireland.
Maurer has been with Silverfleet for eight years and is based in the Firm’s
StageOne Ventures, an early stage venture capital firm focusing on Israel-related technology startups, has closed ts third venture capital fund, with USD110 million in committed capital.
Led by Yuval Cohen, Yoav Samet, and Tal Slobodkin, with presence both in Tel Aviv and in Palo Alto, StageOne Ventures helps entrepreneurs traverse the Israel-Silicon Valley axis and build global businesses.
Stage One Venture Capital Fund III (StageOne III), the firm’s largest fund to date, closed at USD110 million after an oversubscribed fundraising process in summer 2017. StageOne III is backed primarily by StageOne’s existing LPs, with the addition of several prominent
Albion Capital is seeking to raise up to GBP38 million through top up offers for its six venture capital trusts (VCTs).
The fundraising targets GBP8 million for Kings Arms Yard VCT and GBP6 million across each of Albion’s other VCTs. Investments spread across all six portfolios will receive a monthly dividend with a yield of approximately 5.6 per cent, or 8.0 per cent after tax relief, a potentially attractive income source in the current low interest rate environment.
Investors who apply before 2pm on 31 October 2017 for the first GBP10 million of shares will be entitled to an “early
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