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iCapital Network has expanded its platform to offer investment opportunities and support to accredited investors.
As part of the roll-out, iCapital has enhanced the functionality of its technology platform to allow for the onboarding and servicing of accredited investors — in addition to its offerings for qualified purchasers — with the platform featuring alternative investment products specifically tailored for each investor base.
The accredited investor market, which is estimated to be 10 times the size of the qualified purchaser market, has a burgeoning appetite for alternative investments and the important role they play in diversifying a portfolio. The large
By Eze Castle Integration – There’s a lot to fear in the cyber world and hackers’ techniques are only getting more advanced. Their weapons of choice vary in scope and substance, but regardless of the threat actor, investment management firms must employ rigid and resilient protections to ward off the equally sophisticated cyber threats that continue to surface.
We recently surveyed a group of financial investment firms to learn more about what they consider the most fearsome cyber threats to their businesses. Here’s why we think these are eliciting the most fear.
Unauthorised access or theft of data (31%) –
Aurelius Equity Opportunities has sold its subsidiary SECOP to the Nidec Group headquartered in Kyoto, Japan.
At a sales price of EUR185 million, this is the largest company sale in Aurelius’ history.
The transaction is subject to the approval of the competent authorities and is expected to close in the coming months.
With the sale, Aurelius increases the capital it invested in SECOP by a multiple of approximately 11x. The transaction will have a positive effect on Aurelius’ 2017 group profit of EUR100 million.
The combination of the transaction and advanced plans for further disposals in the
Law firm MJ Hudson has hired three senior lawyers to its team.
Christopher Dearie joins as partner (financial services law and regulation).
Dearie advises asset managers, banks and domestic and international investment funds on a broad range of financial services regulatory issues. He previously worked at Freshfields, Ropes & Gray, and Jones Day.
Dearie says: “I am delighted to be joining MJ Hudson at this exciting time and look forward to playing my part in growing the regulatory offering.”
Daniel Lewin will head the firm’s tax practice as partner. Lewin is currently a partner of Arnold &
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a unitranche facility to support the future growth of Priority Ambulance, by private equity sponsor Enhanced Equity Funds.
Based in Knoxville, Tennessee, Priority Ambulance provides emergency and nonemergency medical transport to the communities it serves in Tennessee, Alabama, New York, Arizona, Indiana, Georgia and South Carolina.
Throughout its national footprint, Priority Ambulance operates approximately 400 emergency and nonemergency vehicles staffed by more than 1,600 licensed paramedics and EMTs. Priority’s ambulances are equipped with the latest medical equipment and technology.
Eaton Partners, a placement agent and advisory firm and wholly owned subsidiary of Stifel Financial Corp, has served as lead placement agent for PA Direct Credit Opportunities Fund II (PADCOF II), which held a final close of approximately USD740 million.
The fund, part of the Portfolio Advisors direct investing platform, is run by the credit investment team led by Chuck Harper and Igor DaCosta, and will primarily invest in direct junior debt instruments, with equity participation.
It will provide capital to financial sponsors that are conducting leveraged buyouts, growth financing or recapitalisation transactions for US middle market companies.
Michael P Gallagher has joined Duane Morris as a partner in the firm’s Philadelphia office.
Gallagher enhances the firm’s corporate and securities capabilities in Philadelphia, nationally and internationally. He joins Duane Morris from Pepper Hamilton.
Gallagher concentrates his practice in the areas of corporate finance, private equity, family businesses, securities, mergers and acquisitions, workouts, exit planning and general corporate matters. He has represented issuers and underwriters in private and public offerings of debt and equity securities, as well as financial and strategic buyers and sellers in stock and asset acquisitions.
Gallagher has significant experience advising clients in a
Alterity Investments, advised by MMX Retail, has sold 12/15 High Street in Winchester for GBP15.825 million.
The property is situated on the prime retail pitch of Winchester’s High Street and comprises three integrated buildings forming a single department store offering 50,612 sq ft of retail space across five floors.
The property is currently occupied by Debenhams on a 30-year lease, circa 17 years left until lease expiry, with fixed rental increases throughout the remainder of the lease. Debenhams is the only department store in the city.
Scott Mitchell, partner at MMX Retail, says: “Winchester presents an attractive opportunity for
CIL has appointed Tabitha Elwes as a partner to head its new media practice.
Elwes joins from Prospero Strategy Consultants, which she helped to build as a partner from 2011; previously she was partner in charge of media at Spectrum Strategy Consultants.
Elwes has a long track-record of advising clients in the media, digital and tech sectors internationally. She also has extensive M&A experience and has advised on deals totalling over EUR6 billion.
Sebastian Chambers, managing partner at CIL, says: “We are delighted that Tabitha is joining us to lead our focus on media. CIL has extensive expertise in many
Private equity firm Blackford Capital has invested in Indiana-based Ellison Bakery, a manufacturer of cookie, snack bar, crunch and inclusion product, and other products for the industrial market, food service industry, and retail and private label space.
Generational Capital Markets served as the exclusive financial adviser to Ellison on the transaction. Debt financing was provided by Comerica Bank.
The transaction is the ninth by Blackford's Michigan Prosperity Fund, which invests primarily in Michigan companies, as well as neighbouring states.
Founded by Donald Ellis in a family garage, Ellison Bakery began in 1945 supplying baked goods to restaurants and
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