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Middle-market private equity firm Genstar Capital has acquired Bracket, a scientifically-driven clinical trial technology and specialty services provider, from Parthenon Capital Partners.
Bracket offers solutions that help pharmaceutical and biotechnology companies, as well as contract research organisations, maximise clinical data integrity and ultimately improve outcomes with clinical trials.
Bracket has over 700 employees and delivers services in more than 90 countries to a diverse base of global customers, including 15 of the top 20 biopharma companies.
Jeff Kinell, chief executive officer of Bracket, says: "Bracket has built a strong reputation with its customers to help them increase efficiency
Tilak Healthcare, a start-up from the iBionext network developing medical video games for both the diagnosis and follow-up of chronic diseases, has secured funding of EUR2.5 million from iBionext Growth Fund.
The funds will help the company accelerate the development of its therapeutic mobile games, first targeting the ophthalmology field, with macular diseases.
The alliance of digital innovation and clinical expertise will allow Tilak Healthcare to offer screening and prevention solutions, thus leading to a better follow-up of many chronic diseases.
Edouard Gasser, CEO of Tilak Healthcare, says: “At Tilak we are proud to adapt the power of
A rise in interest rates, lower pricing and credit quality remaining the same are some of the predictions made by respondents to the inaugural market survey carried out by Proskauer’s private credit group.
Top lending institutions responded to the benchmarking survey with their predictions for the next 12 months. The results, in conjunction with market data Proskauer has collected from over 180 transactions in the last 12 months, provide an insight into market conditions and forecasts for the remainder of the year.
Respondents are also expecting competition to drive prices lower and leverage higher, while most also indicate that
Next Coast Ventures, a venture capital firm focused on investing in disruptive ideas and marketplaces, has hired venture partner Zeynep Young.
With experience as the founder and CEO of ed-tech company Double Line Partners, portfolio director at the Michael & Susan Dell Foundation and an associate principal at McKinsey & Company, Young brings experience in entrepreneurship, technology and the social sector.
She is currently the CEO of milk + honey, a wellness and beauty company with a portfolio of day spas, salons and products in the organic, luxury market.
“I’m thrilled to bring my expertise to a forward-looking
Clessidra SGR’s board of directors has appointed Federico Ghizzoni as executive deputy chairman and member of its investment committee.
Ghizzoni joined Clessidra in September 2016 as an independent board member, following the change of ownership of Clessidra by Italmobiliare.
Clessidra’s shareholders also appointed Matteo Canonaco as independent board member of the firm. Canonaco has an extensive experience in international investment banking.
“Clessidra and its investment team will further benefit from the competencies and skills of Federico Ghizzoni, who in his new role will support in particular, the origination and selection of investment opportunities,” says Mario Fera, CEO of
By Kulvinder Gill – The technology treadmill is a tough place to be these days. Technology refresh cycles last only a mere three years, forcing firms to replace their infrastructures and make costly software and hardware upgrades on a too-frequent basis. And with hedge fund budgets tighter than ever, many firms cannot afford to stay on this path.
But the hedge fund technology treadmill is not a firm’s only option. Costly in-house, ‘traditional’ IT services have given way to more cost-effective outsourced IT and managed services that get firms off the treadmill and on a path to success.
Let’s have
Solium Capital, a provider of software-as-a-service for equity administration, financial reporting and compliance, has entered into a preferred partnership with Nasdaq Private Market.
Under the terms of the related agreements, Solium will enable NPM customers to manage their cap tables and share plans through Solium’s Shareworks platform, as well as access Nasdaq Private Market’s secondary liquidity technology.
“With the proliferation of companies choosing to remain private longer, private company investors and employees are increasingly seeking a mechanism that enables them to have liquidity events,” says Marcos Lopez (pictured), Solium CEO. “Nasdaq Private Market is the thought leader when it comes to helping private companies execute liquidity-related functions. This partnership will provide our private market customers with access to both NPM’s secondary liquidity technology as well as an opportunity to explore the
Westbridge portfolio company ISG Technology has appointed Jonathan McKay as non-executive chairman.
McKay has a strong background in strategic development, sales, marketing and general management, gained in the technology sector.
He is currently chairman at JustGiving, the UK’s largest online fundraising platform; La Fosse Associates; Driftrock; Cambridge Broadband; and Forward Partners. He is also an advisory board member of Ventech China.
Prior to these appointments, McKay had a successful career in high growth software companies, including Sun Microsystems where he worked both in the UK and the US. He has accumulated a wealth of experience in the formulation
Alternatives have become a more mature option for institutional allocators, yet the reporting obligations fueled by the constantly evolving regulatory landscape has become a challenge for a large number of alternative fund managers.
Whereas a decade ago, alternative fund managers could get away with basic investor reporting, delivered almost as an afterthought, in today’s marketplace the frequency and level of reporting detail that investors expect has risen substantially. This applies to all alternative products, not just hedge funds, as institutions look to gain a clear handle on how their entire portfolio is performing.
In Ernst & Young’s 2016 Global Hedge
Hamilton Lane has appointed Lydia A Gavalis as general counsel and Frederick W Shaw as chief compliance officer, effective as 1 April.
Robert Cleveland, who served as general counsel at the firm for more than 16 years, will retire at the end of March.
Gavalis (pictured), who had previously served as deputy general counsel, will assume responsibility for all legal affairs globally.
“Bob has been an invaluable part of Hamilton Lane’s success and evolution, and it is with deep appreciation and gratitude that we thank him for his service and wish him well in his retirement,” says Mario
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