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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
HIG Middle Market (HIG), the middle market investment affiliate of HIG Capital, has appointed Andrew Freeman, formerly a partner at Paine & Partners, as a managing director in the firm’s San Francisco middle market team.
Freeman will focus on making LBO investments in the food and agribusiness sectors and will be responsible for all aspects of the investment process, including sourcing, transaction structuring, financing, and post-investment strategy development and value-creation execution.
HIG Middle Market invests in a wide range of industries, with deep expertise in virtually all segments of the economy. Through recapitalisations and private sales, corporate divestitures, and
French private equity market participants raised EUR14.7 billion in global commitments during 2016, up 51 per cent relative to 2015, according to a report from the Association Française des Investisseurs pour la Croissance (AFIC) and Grant Thornton.
These funds will be largely invested in French companies over the next five years.
Of the total raised, EUR4.1 billion came from just one Paris-based private equity firm, while 45 per cent came from abroad.
The share of foreign investors increased relative to the 10-year average. They accounted for 45 per cent of total fundraising in 2016 (compared with 37 per
In today’s unpredictable world, it’s more critical than ever that investment managers and advisers establish plans to keep their businesses from experiencing undue harm. Daily business operations can be impacted by a wide variety of scenarios– from the most threatening, large-scale disasters (like terrorism, natural disasters, etc.) to more common, user-provoked errors. But regardless of the size and scope of the disruption, today’s financial firms are often ill-prepared to restore operations in a timely manner – and with minimal impact to the firm.
In 2016, the Securities and Exchange Commission (SEC) proposed Rule 206(4)-4, requiring registered investment advisors (RIA) to
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