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With Q2 closed out, new data shows public pension plans in the United States are increasingly favouring exposure to real assets and private equity strategies.
Of new investment commitments announced by US public pension plans in Q2 2017 and tracked by eVestment’s Public Plan IQ solution, 85 were for real asset strategies and 68 were for private equity. These were far-and-away the most popular new commitments announced in Q2 2017.
By comparison, private debt strategies saw 29 new commitments from public pension plans in Q2, equity strategies saw 28 new commitments in the quarter and fixed-income, hedge-fund and multi-asset
An overwhelming majority (74 per cent) of institutional and family office investors expect to allocate capital into a venture capital (VC) fund in the next two years, according to a new survey from Ariadne Capital.
Furthermore, 78 per cent said they expect to or have decided to invest directly into a high growth, technology start-up before 2020.
The survey is based on responses from 125 international investors, entrepreneurs and service providers attending Ariadne Capital’s 7th Annual ‘Follow the Entrepreneur’ Investor Summit (FTE), held for the first time in Malta on 10 and 11 July.
“The Survey results affirm
Receipt Bank, a bookkeeping automation platform, has raised USD50 million in Series B funding from Insight Venture Partners. The investment will be used to accelerate the growth of the company and to further develop its products.
The group passed USD10 million ARR (Annual Recurring Revenue) in 2016 and continues to grow at more than 100 per cent every year.
Receipt Bank has been revolutionising bookkeeping for small business since its launch in 2011. Working with the leading accountants and bookkeepers around the world, it was the first software company to automate the collection and data extraction of receipts and
Canadian private equity company Novacap has closed its latest private equity fund, Novacap TMT V at its hard cap with total commitments of USD840 million. The Fund surpassed its target size by 40 per cent, driven by strong demand from new and existing investors.
“We are delighted by the support we have received from our existing long-term investors and welcome several new international investors to the Fund,” says Pascal Tremblay, President and Managing Partner of Novacap TMT. “The closing of the Fund comes at a period of significant activity for Novacap, both in terms of new investments and add-on acquisitions. TMT
By George Ralph, RFA – Imagine you’re the CTO of a successful hedge fund. You’re not big enough to have a dedicated CISO but you think you’re doing a pretty good job of securing your network. Your applications and databases are secure, you’ve just invested in a network intrusion detection system and some next generation firewalls.
Next, you move on to your internet traffic and cloud services. You make sure your firm’s SSL certificates are up to date, and you use HTTPS and OAuth2.0. Then you insist all remote users access the network via secure VPN, that files are
Running an alternative fund management business has become a far more considered, strategic affair in the light of significant regulatory changes post-08. One might compare it to the ultimate game of strategy, chess. To stay in compliance with AIFMD, Dodd-Frank, and the upcoming MiFID II and General Data Protection Regulations (GDPR) in Europe, fund managers have to think two moves ahead, and ensure that they have their pawns in position. One wrong move and they run the risk of facing what might be best described as regulatory checkmate.
“I think the implementation of AIFMD has had the biggest impact on
Astarte Capital Partners, a specialist alternatives co-investment platform with a focus on real assets, has made three appointments to its London-based team. The three new hires will reinforce Astarte’s ability to invest in niche real assets by forming partnerships with seasoned operating teams.
The new recruitments come at the time when institutional investors globally are demonstrating strong interest for the real assets backed strategies that Astarte is focusing on. Astarte is in the process of concluding arrangements to set up outposts in Sydney and Zurich, to be followed by New York.
“Together with the appointment of three solid investment
Apposite Capital, the private equity firm with an exclusive focus on healthcare, has acquired Swanton Care & Community Ltd (Swanton), a provider of residential and supported living care for adults with complex learning disabilities, mental health disorders and acquired brain injuries.
Apposite plans to further grow and develop the business through investment in both organic growth and acquisitions. Financial terms of the transaction are not disclosed.
Established in 2006, Swanton operates 24 specialist residential care homes, providing 259 registered beds across East Anglia, The West Midlands and South West Wales, the North East and Scotland. Swanton also provides a
Tarter Krinsky & Drogin has appointed Charles M Miller as a partner in the firm’s Litigation practice where he will lead the newly formed Securities and Financial Services Litigation Group.
A litigator with more than 20 years of experience, Miller represents institutional investors, investment funds, high-net-worth individuals and overseas financial institutions in a wide range of disputes arising in connection with debt and equity securities, derivatives, financial contracts and structured financial transactions.
Miller litigates contract and tort claims arising in connection with privately issued debt and equity, leveraged loans, collateral bond obligations (CBOs), collateral loan obligations (CLOs), residential mortgage-backed
Abacus Group, a provider of managed IT solutions and infrastructure to the financial services industry, has secured a minority growth investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies.
Abacus will continue to be majority-owned and operated by the Company’s senior management team.
Chris Grandi, co-founder and CEO of Abacus, says the company added 51 new clients in the first half of 2017 and continues to grow at a rapid pace. Founded in 2008, Abacus has established a large presence in the alternative investment management segment of the financial services industry, with
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