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Venture capital firm Lemnos has launched its third fund, a USD50 million fund focused on hardware and the growing ecosystem of software surrounding the hardware renaissance.
Now in its sixth year Lemnos provides an advisory role to its portfolio companies to guide entrepreneurs along the complex path of hardware creation.
"At Lemnos, we make smart bets on small teams of visionary entrepreneurs, and we are full-time partners with them to painstakingly guide their businesses to success," says Lemnos partner Jeremy Conrad. "Our experience has taught us that great companies are defined by great people first and great ideas second.
Creative Media Investments (CMI) has launched an EIS production fund, branded as the Silver Lining Screen Fund, designed to help support mid-range budget film and TV productions.
Working with Portunus Investment Solutions, the fund aims to raise GBP10 million over the next year, and provides a high level of capital protection whilst offering attractive returns for investors.
Launched to provide a viable investment alternative for investors to market competitors in the media sector, the fund also taps into the growing demand of film and TV content worldwide.
The fund provides a significant degree of capital protection (75 per
Legal & General has made three senior appointments for LGIM Real Asset’s private credit business.
Calum Macphail and Tom Sumpster join the London office as head of corporate private credit and head of infrastructure debt, respectively, and Ed Wood joins the Chicago office as head of US private placements.
Reporting to head of private credit, Nicholas Bamber, these new hires support the consolidation of the private credit platform as a single cohesive operation within LGIM Real Assets. They are supported further by a number of more junior hires.
LGIM Real Assets, headed up by Bill Hughes, has AUM of GBP23.2
Alternative credit investment manager THL Credit Advisors has appointed Kevin Burke, a former senior managing director at Antares Capital, as a senior adviser to the firm.
Burke will work closely with THL Credit's senior management advising on investments, capital markets and strategic matters.
"Kevin's extensive experience across both the broadly syndicated loan market and the middle market will be a great resource to our Direct Lending and Tradable Credit strategies," says Chris Flynn, co-CEO of THL Credit.
Sam Tillinghast, co-CEO of THL Credit, says: "Kevin was one of my very first business contacts almost 30 years ago
Private equity (PE) firms are benefiting from nearly ideal market conditions, yet the tide is changing and they should take this opportunity to think about their competitive edge and differentiation.
That is the main finding of a new article by The Boston Consulting Group (BCG), titled Capitalising on the New Golden Age in Private Equity.
Worldwide, PE firms had a record USD2.49 trillion in assets at the end of 2016, including nearly USD1 trillion in uninvested capital. As returns for the overall industry continue to beat other asset classes, particularly hedge funds, capital continues to pour into PE firms, and
GCA Altium has acted as exclusive financial adviser to the shareholders of Wex Photographic on its sale to Aurelius.
Following the deal, Wex will be merged with Calumet to create an omni-channel retailer serving the enthusiast and professional photographer.
The transaction represents GCA Altium’s 16th e-commerce transaction in the last two years.
David Garratt, CEO of Wex, says: “This was a hugely important transaction for Wex and its investor, Barclays. The GCA Altium team invested time understanding what made the business tick, advised us on strategic choices before the sale process was initiated and then worked tirelessly to
LeapFrog Investments has acquired a stake in Fincare, one of the largest and fastest-growing financial inclusion platforms in India.
Fincare reported a 79 per cent annual growth rate in assets under management over the last three years.
The new investment in Fincare represents a significant commitment by global investors to India’s banking industry. LeapFrog’s stake is part of an overall USD75 million transaction by investors including Tata Opportunities Fund, Kotak Mahindra Old Mutual Life Insurance, Edelweiss Tokio Life Insurance offices, TA Associates and True North.
Disha Microfin, a Fincare group company, is one of only 10 institutions in
Joyme Capital has teamed up with Kee Ever Bright Technology to establish an investment fund with an initial target fund size of USD140 million (RMB1 billion) which will focus on investment opportunities in game development, game distribution, e-sports and other businesses related to the creation and publishing of mobile and PC video games.
Yang Chen (CY), founder and CEO of Joyme Group, says: “China is the largest gaming market in the world by revenue. And Chinese game players have huge appetites for Western games. However, developers and publishers continue to find China to be one of the most perplexing and
Global alternative asset manager The Carlyle Group is to sell ITRS to funds managed by private equity firm TA Associates.
Financial terms of the transaction, which is expected to close in April 2017, have not been disclosed.
ITRS is an international software vendor to the financial services sector, offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance.
ITRS serves more than 170 global clients, including nine out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds,
QIC has held the final close of the QIC Global Infrastructure Fund (QGIF), which achieved a total of AUD2.35 billion of capital commitments over an 18-month period.
The AUD2.35 billion represents the hard-cap for the fundraise and also exceeds the fund's target of AUD1.75 billion.
QGIF is a pooled unlisted investment vehicle that seeks to provide institutional investors with access to attractive, risk-adjusted returns through long-term exposure to a diversified portfolio of global infrastructure assets.
The investors benefit immediately from the fund's interests in three infrastructure assets. The assets, secured since the investment period commenced in August 2015,
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