Latest News
Conifer Financial Services (Conifer), a provider of fund administration, middle office, and tax services to the asset management industry, has hired industry veteran Jeff Strauss as Managing Director in its New York Business Development team.
Jack McDonald, CEO of Conifer, says: ”We are thrilled to have someone of Jeff's experience and expertise join our team. My partners and I have known Jeff for years and view him as a true leader in the Fund Services industry. Given the significant opportunities we see before us, I am highly confident that Jeff will meaningfully contribute to Conifer's success in the years ahead."
- 04/03/2016
Franklin Square Capital Partners has provided a USD260 million unitranche term loan to support the acquisition and combination of Trover Solutions and Equian by New Mountain Capital, a New York-based alternative investments firm that manages approximately USD15 billion of private equity, public equity and credit assets.
The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (GSO).
The combination of Equian and Trover
- 04/03/2016
Vista Equity Partners (Vista) has completed its buyout of software firm Solera Holdings. Other key investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, and an affiliate of Goldman, Sachs & Co.
The transaction, originally announced on 13 September, 2015, was completed on 3 March, 2016.
The acquisition – which strategically combines Solera’s world-class risk and asset management solutions with Vista’s technology-focused operational and financial expertise – sparks the next phase of Solera’s global expansion, and accelerates its mission to digitally transform how the world manages life’s two most important assets: the vehicle
- 04/03/2016
- 04/03/2016
Navigant has appointed Dr Scott Ransom to lead its Strategic Solutions team as Managing Director.
Ransom will also lead the Navigant Physician Leadership Group, focused on physician executive integration and alignment. With more than 25 years of strategy, operations, and physician leadership experience, Ransom will assist Navigant clients to meet the challenge of shifting strategic focus in the changing healthcare environment.
Ransom has consulted with hospitals, health systems, academic medical centres, physician groups, private equity firms, and universities on issues related to strategy development, organisational transformation, restructuring, medical education, clinical and research operations, mergers and acquisitions, academic affiliations, and
- 04/03/2016
Lumira Capital, a North American health care venture capital firm, has appointed Richard Glickman, Frank Stonebanks and Brian Underdown as Venture Partners at the firm.
These industry veterans will support Lumira Capital's investment and corporate partnering initiatives and expand the firm's presence in leading centers for life sciences innovation in Canada and the US from offices in Vancouver and San Diego.
Peter van der Velden, Managing General Partner of Lumira Capital, says: "We are excited to deepen our decades-long relationships with Richard and Frank while continuing our relationship with Brian. Our team and our portfolio companies look forward to
- 04/03/2016
- 04/03/2016
Lucro, an enterprise founded by Martin Ventures, has secured funding from additional healthcare industry investors including Health Insight Capital, a subsidiary of HCA that invests in early stage companies, and Heritage Group, an investment team backed by the United States’ leading healthcare companies.
Lucro’s platform is designed to re-invent how health systems interact with, evaluate and purchase healthcare technologies, products and services. The Lucro Marketplace supports healthcare leaders in making strategic purchasing decisions, allowing them to discover and compare solutions and privately collaborate with their peers on decision-making. Vendors gain increased visibility and strategic market insights through engagement with healthcare
- 04/03/2016
A launch event to mark the opening of Guernsey’s representative office in Hong Kong attracted nearly 200 attendees.
Hosted on Wednesday 2 March at the China Club in Central, the event outlined the services offered by Guernsey’s international finance centre and featured a panel discussion on the current economic climate and keynote speeches from the Lord Flight, a member of the House of Lords, and Deputy Lyndon Trott, Chairman of Guernsey Finance and former Chief Minister of Guernsey.
Kate Clouston, Guernsey Finance’s Director of International Business Development, welcomed the audience by sharing some anecdotes from the week's activities surrounding
- 04/03/2016
Maples Fiduciary, a division of MaplesFS and a provider of specialised fiduciary and corporate administration services, has opened an office in Hong Kong, completing the Maples group’s offering in the region.
"With the use of Hong Kong companies in the types of structures that typically rely on the Maples group for various services, the launch of our Hong Kong office is a natural extension of our offering across multiple jurisdictions," says Hugh Thompson, Global Head of Fiduciary at Maples Fiduciary. "We are continually assessing and reshaping our business to address changing market demands and look forward to providing existing and
- 04/03/2016
- 04/03/2016
NorthEdge Capital (NorthEdge), the UK lower middle market private equity firm focused on the North of England, has closed its second fund, NorthEdge Capital Fund II at its hard cap of GBP300 million, raised in four months.
This brings total funds under management to over half a billion pounds raised in the last four years.
Fund II, which was fully allocated at launch, received overwhelming support from both existing and new institutional investors. Funds were raised from 18 international blue-chip investors including four new investors representing world class asset managers, foundations, fund of funds, insurance companies, private and
- 04/03/2016
Kensington Capital Partners has held the final closing of the Kensington Venture Fund after its exceeded its target of USD300 million in investor commitments.
The Fund, which raised a total of USD306 million, received its most recent commitments from a mix of wealth managers, private foundations, and individual investors.
"This is a great time to be investing in technology in Canada," says Rick Nathan, Managing Director of Kensington Capital Partners. "Our significant talent pool, vibrant startup environment, and improved access to capital – through the Kensington Venture Fund and other funding sources – make Canada a great place to
- 04/03/2016
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