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A majority of the UK private equity and real estate industry believes that a ‘soft’ Brexit will help fundraising. Similarly in the US, political instability is having a negligible effect on US mangers’ ability to raise funds from investors, according to research from Augentius, one of the world’s largest independent private equity and real estate fund administrators.
The findings come from Augentius’ 2017 summer survey, and form part of a snapshot of sentiment across the global private equity and real estate industry, based on a survey of 100-plus investors and managers. The full report can be downloaded here
The findings
Asset management consultancy MJ Hudson has launched its Fund Management Solutions team in continental Europe, from new offices in central Luxembourg.
The Luxembourg office provides its clients with increased options post-Brexit and guarantees EU operating capacity.
Research conducted recently by MJ Hudson has found that two-thirds of UK-based fund managers and three-quarters of their continental Europe-based peers do not believe that Theresa May’s Brexit negotiations will deliver an outcome that is ideal to the UK asset management industry.
More than 70 per cent of fund investors based outside the UK predict that, by the end of 2020, the
AMP Capital’s Diversified Infrastructure Trust (ADIT) has, for the second year in a row, topped GRESB Infrastructure’s rankings as the best infrastructure fund globally for its environmental, social and governance (ESG) performance.
AMP Capital’s Global Infrastructure Fund and Irish Infrastructure Fund (which it manages alongside Irish Life Investment Managers) were also ranked third and second, respectively, when compared to their peer group.
GRESB assesses the ESG performance of real assets around the world. GRESB’s 2017 infrastructure report included submissions from 64 funds and 160 infrastructure assets worldwide. The scores are a combination of fund and underlying asset ESG performance.
Brock Capital Group has appointed Trevor Kidd as a Senior Managing Director.
Kidd has over 35 years of experience as a business owner and entrepreneur with extensive international experience in niche manufacturing, telecommunications, technology, private banking and specialty finance with a progressive background in multi-business senior executive level management.
Former roles include founder and CEO of K-Tech Microprecision (UK and Europe), a leading fibre optic component manufacturing specialist acquired by 3M Corporation; founder and Chairman of Auriga Europe (International), a specialist telecom accessory products online distributor; and Chairman of the Advisory Board for Exterprise Europe, an enabling intelligent (AI)
Costello has secured USD1 million in funding led by Dundee Venture Capital with participation from Elevate Ventures, M25 Group, and Service Provider Capital.
Costello’s sales deal management platform helps sales reps consistently follow sales methodology, gives managers visibility into the quality of every deal and shows sales leaders what’s working and what’s not.
Costello connects sales team members to close deals faster, reduce administrative tasks, and gain valuable insights.
“We worked collaboratively with over 50 sales leaders and professionals to solve the most important challenge faced by sales reps and leaders – execution,” said Costello Founder Frank Dale.
Palmarium, through its subsidiary VIEO, has acquired Lebara Group and the Lebara Trademark Companies.
Since its inception in 2001, Lebara is recognised as one of the fastest growing pan-European mobile companies and aims to offer inclusive and accessible products and services.
Through its 275 thousand outlets, Lebara has a unique reach to its growing customer base of over 3.5 million. Lebara’s culture is driven by innovation and business successes and has a diverse workforce and best-in-class customer service with numerous industry awards.
Palmarium gives Lebara strong backing and expertise to grow and drive the digitalisation of the business.
After five years at the firm, CVC Credit Partners chairman Stephen Hickey is standing down from his role for personal reasons. He will be succeeded by Hamish Buckland.
Since Hickey joined in CVC in 2012, assets under management have grown from USD8.1 billion to USD17.9 billion.
Buckland (pictured), is joining CVC from Triton, having previously spent 25 years at JPMorgan, where his most recent role was Vice Chairman of the Investment Banking business. Before that he ran JPMorgan’s European Leverage Finance business from 2001 to 2008. In addition, he has acted as Advisor and Board Director at HM Treasury’s
By George Ralph, RFA – Everything is virtual these days. From virtual teams, spread across the globe, which can perform better than traditional on-site teams, to the virtual offices they work in, at home, in the coffee shop, in shared office space. If the right technology is in place, people can work anywhere.
To take advantage of virtual services, the right technology has to be in place. For a virtual team to work effectively, there needs to be a collaboration tool which allows everyone to ask questions, or share ideas and seek approval or input. There also needs to
AMP Capital has appointed Tim Smith to the newly-created role of Head of Distribution, North West Region, based in New York.
Smith joined AMP Capital on 11 September and reports to Boe Pahari, Director of the North West Region and Global Head of Infrastructure Equity. He will be responsible for leading AMP Capital’s distribution team across key markets including North America, the UK, Europe and the Middle East, and his appointment cements AMP Capital’s commitment to further build its international distribution capabilities and deliver greater levels of service to clients globally.
Smith has more than 25 years’ experience and
Costanoa Ventures, a boutique venture capital firm focused on early-stage enterprise technology startups, has closed its third fund capped at USD175 million to sustain a focus on early stage company formation to Series A.
This brings the total capital under management in excess of USD500 million and comes as the firm celebrates its fifth anniversary.
“We appreciate the support from our community for our strategy to focus on high conviction, early stage investments, and help founding teams build solid foundations for efficient growth. We’re also thrilled to welcome some wonderful new LPs for Fund III,” says Greg Sands, Founder
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