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Tecum Capital has launched a new control equity buyout platform, Tecum Equity Partners III.
The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions.
The nature of the platform allows for a longer term time horizon and a business friendly approach to ownership transitions and successions.
“Partnering with Western Allegheny adds a new dimension to our investment focus and an additional stable source of capital for our team,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “As a family office platform, we have
Highland Capital Management Korea, an affiliate of Dallas-based alternative investment management firm Highland Capital Management, has closed a healthcare-focused private equity fund, with approximately USD147 million of total capital commitments.
South Korea’s National Pension Service (NPS) served as the anchor investor.
Highland’s private equity fund is its first healthcare sector-specific undertaking in Asia. While Asian investors have shown increased interest in the sector during the past two years, most investments made to date were on a direct basis or via multi-purpose funds.
Investors participating in the Highland fund with NPS Korea have specific objectives within the healthcare
David G DeWalt, the former CEO of publicly held cybersecurity company FireEye, is joining Allegis Capital as a venture partner.
Previously, DeWalt served as the CEO of cybersecurity market leader McAfee and held executive positions at EMC.
DeWalt, 52, becomes the sixth cyber security executive serving as a venture partner at Allegis, a 21-year-old early stage venture firm that focuses solely on investing in cybersecurity start-ups.
DeWalt is a member or leader of a number of boards of directors including ForgeRock, a San Francisco-based multinational identity and access management software company. He is also vice chairman of
Accendo Capital has appointed Jaakko Kivinen as senior adviser to the fund.
Kivinen, who has previously been partner in Altor Equity Partners and Soros Private Equity Partners, has extensive international private equity experience in deal sourcing, executing transactions, and helping lead businesses as a board director.
Henri Österlund, founding partner of Accendo Capital, says: “I have known Jaakko for more than 15 years and have always been impressed with his dedication, drive and focus on delivering shareholder value. Jaakko is a valuable addition to our team and will support us in evaluating investment targets and helping our portfolio
Deutsche Bank has appointed Bruce Harting as a managing director in its financial institutions group (FIG).
Harting will join the bank’s New York office this summer as head of banks investment banking coverage.
He joins from Credit Suisse where he was most recently a managing director in the financial services coverage group. Harting will report to Celeste Guth, co-head of global FIG.
“Bruce is an industry veteran with over 30 years of experience and extensive knowledge of the bank space,” says Guth. “His addition will strengthen our FIG franchise and benefit our clients by ensuring they are
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
Law firm Hogan Lovells has advised Claranet, a specialist in managed IT services, on a GBP80 million equity investment by Tikehau Capital.
Tikehau is a Euronext Paris listed asset management and investment group, with EUR10 billion of assets under management.
Founded in 1996, Claranet has evolved from an internet service provider into an independent managed services provider. The company has over 6,000 customers, more than 1,300 employees and an international footprint in two continents and eight countries, having recently entered Brazil.
The deal was led by Hogan Lovells corporate partners Peter Watts and Daniel Simons, working with senior
Feeling awash in a sea of data? You’re not alone. Data has become ubiquitous. We collect it, store it, sort it and try to make use of it. Regulators and investors demand it. Many organisations feel overwhelmed by it. Fortunately, it is possible to tame it.
A recent survey of asset managers globally by Northern Trust and the Economist Intelligence Unit (EIU) found that, on the whole, the industry has capitalised on the explosion of available data, but some firms are benefiting significantly more than others. In fact, only 13% of managers surveyed felt that their data strategy was entirely
The asset management industry is one of many industries in the middle of a digital disruption. It can’t be stopped and the industry needs to adapt.
I have worked with my team at Northern Trust on how we respond to changes in our business environment, and more importantly, how we help our clients respond. More than anything else, creating a focused technological operational strategy is critical. The right strategy merges pre-existing work and tools with things specifically designed to meet today’s digital landscape. We need to focus our approach rather than initiate a wholesale replacement of products and strategies.
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In response to growing demand for alternative assets, many fund managers are looking to either add these strategies to their product suite or branch into new sectors. But fund managers must balance boosting investor reach and product range with specialist regulatory and administrative demands.
If you are contemplating a move into alternatives, finding an effective service provider is crucial. The right partner can offer the solutions, scale and market expertise you need to achieve success. Here are 10 questions every manager should ask when evaluating service providers:
1. DO YOU OFFER SERVICES TO ALTERNATIVE ASSET MANAGERS AND ASSET OWNERS?
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