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There is an increased focus on private equity operational efficiency, with 88 per cent of private equity firms saying they are more operationally focused today compared to three years ago, according to a study by SS&C Technologies.
The reasons behind this are varied, but ultimately map back to protecting investor interests. Governance and controls (62 per cent), increased demands for transparency (53 per cent), and a strong management team (85 per cent) are all cited as leading factors for why limited partners would select a general partner.
The research was conducted by polling SS&C private equity customers as well
Prestige Fund Management has launched a second new share class (Participating ID Shares) for a Middle East based, sovereign wealth fund (SWF).
The new mandate, from a single group in the region, involves a minimum three year commitment to Prestige’s direct lending strategy.
Unlike the first share class launched last month, this share class will be open to outside institutional investors and available in a range of hedge currencies (GBP / EUR / USD / CHF).
The initial allocation of USD20 million is structured via a dedicated share class that will pay a quarterly coupon of 1-2 per
Edmond de Rothschild Asset Management’s BRIDGE (Benjamin de Rothschild Infrastructure Debt Generation) platform has now reached EUR1.2 billion and has tripled in size since the first closing of FCT BRIDGE I in July 2014 with EUR400 million.
The second closing of BRIDGE II has been completed, after a first closing in early December.
The fund brought together a group of new investors based in France, Belgium, Germany, Spain and Italy, as well as existing investors from the first-generation fund, FCT BRIDGE I.
BRIDGE II (Luxembourg law vehicle) is expected to reach its final closing by this summer, with similar
Pan-European private equity firm IK Investment Partners has appointed Johan Van de Steen as operating partner as of April 2017.
Van de Steen will head IK’s strategy, operations and business control (SOBC) team.
Van de Steen, 51, has substantial hands-on industrial experience, acquired over more than two decades in the corporate, management consulting and private equity environments. He began his career in industry, working for Siemens before joining McKinsey & Company as a strategy consultant. He then became one of the founding European team members of KKR Capstone. He spent 15 years in private equity before joining IK.
MPP Global, a high growth technology business delivering digital monetisation services to the media, sport and retail sectors, has completed a GBP12 million (USD15 million) Series B financing round from Albion Ventures and Grafton Capital.
Based in Warrington, UK, MPP Global counts major global media companies including Sky, News UK, Daily Mail Group, L’Equipe and McClatchy among its clients.
MPP Global’s platform, eSuite, converts and retains paid users for its clients, and is unique in its integration of identity management and automated subscription billing. Global digital media revenues totalled USD90 billion in 2016 and are forecast to grow 7
A record high of 251 fundraising and marketing professionals were hired by alternative asset management firms in the first quarter of 2017, according to data from the Context Jensen Partners’ Q1 2017 newsletter.
Context Jensen Partners (CJP) is a global corporate advisory and executive search firm that recruits capital raising talent for alternative investment managers.
“There is perhaps no better evidence that the industry has come of age than the number of senior professionals now working in a variety of distribution roles,” says Sasha Jensen (pictured), founder and CEO of Context Jensen Partners. “We view the record number of
Quantexa, a big data and analytics company backed by HSBC and Albion Ventures, has opened a new office in Brussels.
Further offices in Sydney and New York are due to open within the next 12 months.
Following on from last month's USD3.3 million fund raising, Quantexa's expansion reflects a growing customer base outside the UK. The Brussels office, with an initial staff of four, will put the company in closer proximity to its clients and forms part of its aggressive international growth plans.
Quantexa's clients include some of the world's largest financial institutions, many of which have extensive
Global Loan Agency Services, the UK parent of the global GLAS companies, has appointed two veteran trust professionals to its global trust team.
Martin Reed and Adam Berman, long-time specialists in corporate trust administration and corporate financial services, will help lead GLAS globally as vice-presidents of corporate trust and agency administration for the Americas and its newly established trust services.
This announcement comes after GLAS Trust Company recently received its US regulatory approval, allowing the organisation to further diversify its current product offerings. The new license offers GLAS the opportunity to significantly expand its market share.
Reed is
CVC Credit Partners’ European private debt business has provided a unitranche debt facility to Buckthorn Partners to support its investment in TWMA.
Buckthorn, a specialist oil field services investment firm, will work alongside TWMA to accelerate its plans for global growth, product and service expansion, and further investment into research and development.
Formed in 2000 and employing over 500 people, TWMA is a global integrated drilling waste management and environmental services firm for the onshore and offshore oil and gas industry. The company has offices and service bases in Europe, the Middle East, North Africa, West Africa and the Americas.
Ipreo, a provider of workflow solutions and market intelligence to financial services and corporate professionals, has hired Stephen Grady as managing director, head of market structure and strategy.
Grady comes to Ipreo with more than 20 years of industry experience, most recently at Legal & General Investment Management, where he was head of LGIM's global trading team.
Prior to LGIM, Grady was global head of dealing and sales trading at Barclays Wealth. Previously, Grady was head of global dealing for Fortis Investments based in Paris.
He will be based in London.
"Having had the opportunity to
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