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The 2017 Preqin Private Capital Fund Terms Advisor finds that several private capital fund types are raising their average management fees among funds of more recent vintages.
Unlisted infrastructure funds have seen mean management fees rise marginally from lows of 1.38 per cent for 2014 vintage funds to 1.48 per cent for 2017 vintage funds and vehicles in market. Similarly, private equity buyout funds have seen their mean fees rise from 1.85 per cent for 2015 vintage funds to 1.94 per cent for 2017 vintage and raising funds. Across the same period, closed-end private real estate funds have seen average
Global fiduciary and administration services provider Estera has acquired Headstart, a specialist corporate and trust services business in Luxembourg.
The transaction paves the way for Estera’s expansion into Luxembourg, one of world’s most important jurisdictions for funds and corporate services, while also broadening the company’s offering in corporate, fund and trust services.
Headstart’s Managing Directors, Christophe Gaul and Manuel Mouget, will continue to lead the business. The company, whose clients include private equity and real estate firms, institutional clients, corporates and high net worth individuals, will rebrand to Estera in September 2017.
Farah Ballands (pictured), CEO of Estera,
IGF, the leading commercial finance provider for SMEs, has delivered a total of GBP16.6m to SMEs across Scotland over the past year.
Since the opening of its Glasgow office in June 2016, IGF has grown from strength to strength in the region. Over the past 12 months, the business has financed 26 SMEs and last November allocated an additional GBP5m fund to support management buyout (MBO) activity across the country.
The finance delivered ranges from a GBP50,000 invoice finance facility to a GBP4.25 million asset based lending facility, funding assets including stock and property. The businesses that have benefitted
Duff & Phelps, a global valuation and corporate finance adviser, is pleased to announce that Christian Mouillon has joined the firm as a Global Senior Adviser.
Mouillon brings a wealth of knowledge and expertise to the firm as a former Global Vice Chairman at EY. He will focus on growth in the firm’s Valuation Practice internationally and representing Duff & Phelps in it’s ongoing dialogue with professional associations and other regulatory bodies.
Jacob Silverman, President at Duff & Phelps, says: “We are delighted that Christian has agreed to become a Global Senior Advisor, bringing significant expertise across sectors and geographies
By Matt Mulry, Dillon Eustace – Whether you’re looking to launch a private equity fund focused on venture capital, real estate, infrastructure, technology, energy, health care or art or a hedge fund focused on global macro, long/short equity, special situations, fixed-income or commodities the Cayman Islands is a great place to start.
There are many options available to the start up manager to establish a track record and build the scale required to attract capital from key institutional investors across the globe. The right first step will depend on the location of the manager, the nature of the initial investors,
International law firm Watson Farley & Williams (WFW) has advised Dubai-based International Real Estate Partnership Holdings (IREP) on the purchase from administrators Mark Fry and Gary Shankland of Begbies Traynor (London) of the Asia-Pacific business of real estate consultancy and services company Cluttons.
This follows the acquisition by specialist turn-around investment firm RCapital of the wider Cluttons group.
The purchased group comprises 14 companies across south-east Asia and Australasia which provide services to both the residential and commercial property markets.
The WFW team was led by corporate Partner Daniel Saunders, assisted by Associate Andrea Bhamber and Trainee Fred
Leesa Sleep, a direct-to-consumer online luxury mattress retailer, has raised GBP17.6m in a Series B funding round led by One Better Ventures, an investment company led by John Replogle.
Replogle will join Leesa as Chairman of the Board alongside Peter Graham who was Chairman of Seventh Generation until its recent sale to Unilever, who will also join the Leesa Sleep Board. Notable investors include social impact entrepreneurs such as Blake Mycoskie, Founder of TOMS. The investors included in this round are aligned with Leesa’s social mission – to elevate life with thoughtfully designed and crafted products and to be a force
Allegro Ophthalmics, a biotechnology company focused on the development of novel therapies to treat vitreoretinal diseases has completed a private round of equity financing for USD10.7 million.
With this infusion of capital, the company is strongly positioned to reach future corporate milestones. Allegro is . The company’s lead drug candidate, Luminate, has successfully met the endpoints for two Phase 2 monotherapy studies for the treatment of diabetic macular edema (DME) and vitreomacular traction (VMT). In addition, topline results of its Phase 2, Stage 2 DME clinical trial in which Luminate is being evaluated in combination and as an adjunctive therapy
Munich Venture Capital firm Target Partners has appointed Jan Wolter as Venture Partner. A successful founder and executive, Wolter will contribute his experience in enterprise software to the Target Partners network.
Wolter is Managing Director for Europe at Applause, the a specialist in In-The-Wild Software Testing. Previously he was co-founder and CEO of Testhub, which merged in May 2014 with its US competitor Applause. Under Wolter’s leadership since then, the company has expanded into 10 countries and achieved 30x revenue growth.
“As a founder, I came to appreciate Target Partners back in 2014. I was impressed with their focus
Gattai, Minoli, Agostinelli & Partners advised the retail technology solutions company Aptos, Inc on the acquisition of TXT Retail, the end-to-end merchandise lifecycle management solutions business of TXT e-solutions, a listed company on the STAR segment of the Italian Stock Exchange.
The transaction is worth EUR 85 million on a cash-free debt-free basis, to be paid at closing, expected by 31 October 2017.
Gattai, Minoli, Agostinelli & Partners assisted Aptos with a team composed by partners Bruno Gattai and Gerardo Gabrielli, senior associate Federico Bal, and associates Domenico Garofalo and Maria Persichetti. Partners Lorenzo Cairo and Licia Garotti handled
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