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Augentius, a service provider to private equity and real estate funds, saw its business grow by 18 per cent in 2016.
Augentius has grown by an average of 19 per cent per annum over each of the last five years and has around USD115 billion assets under administration and provides solutions to 520 funds and 198 clients.
The growth was spread across the globe, with Augentius seeing a substantial uptick in all regions. Augentius now services 12 domiciles around the world, providing reporting to investors from 111 countries.
As well as growth in its traditional fund administration solutions, in
Joan Schriger and Brian O’Keefe, founders of Pharus Capital Management, a San Francisco-based private fund manager, have joined Pacific View Asset Management.
Schriger and O’Keefe bring with them a portfolio of venture capital investments and a track record dating back to 2013.
Throughout their careers, they have been active in all aspects of venture capital from principal investing to providing advice on financing, corporate transactions, operations and capital raises.
Their experience led them to develop a strategy that identifies late-stage investment opportunities in privately held technology companies backed by top-tier venture capital sponsors.
“We are very excited
Venture capital investment firm TrueBridge Capital Partners has held the closing of its first direct investment fund, TrueBridge Direct Fund, with USD125 million in commitments, exceeding its target of USD100 million.
The Direct Fund, TrueBridge's fifth fund, brings the firm's total assets under management to USD1.8 billion. The firm's previously closed funds were flagship funds-of-funds.
In collaboration with venture capital managers, the Direct Fund will invest in top-performing, primarily mid- to late-stage technology companies based predominantly within the US, in particular Silicon Valley. As a distinct vehicle concentrated on direct investing, the fund will seek to deliver value to
RCP Advisors has promoted Dave McCoy to managing partner; Alex Abell, Nell Blatherwick, Michael Feinglass and Andy Nelson to partner; and Ross Koenig and Michael Rice to vice president.
McCoy joined RCP in 2010 and has 15 years of private equity experience. Heis the portfolio manager for RCP’s co-investment funds and maintains broader activities throughout the investment function. He is also on the investment committee and active as an advisory board member of several underlying funds and portfolio companies.
“We are proud to recognise Dave McCoy's many achievements with this well-deserved promotion,” says Charlie Huebner, managing partner. “During his
Private equity house Maven Capital Partners has been appointed by the Northern Powerhouse Investment Fund (NPIF) to manage the GBP57.5 million NPIF Maven Equity Finance fund.
It is part of NPIF’s GBP400 million of capital available to support growing SMEs.
NPIF Maven Equity Finance is focused on providing equity funding to high-potential businesses located primarily across Lancashire, Greater Manchester, Liverpool, Cumbria and Cheshire and is also able to support SMEs in Yorkshire & Humber and Tees Valley. It can offer funding of between GBP50,000 and GBP2 million to each SME.
Maven will be also working in partnership with
K&L Gates has appointed Michael D Cuda as a partner in the firm’s banking and asset finance practice in Dallas.
Cuda joins K&L Gates from Squire Patton Boggs.
With more than 25 years of energy and banking experience, Cuda counsels clients on domestic and international energy and oil and gas financing transactions, including upstream through downstream operations, wind and solar projects, and related financial derivatives.
His practice also involves private equity investment and specialty lending transactions across multiple industries as well as various types of multi-tier, multi-currency, and cross-border syndicated lending transactions in energy, media, and telecommunications, among other
Transport industry-focused private equity firm Greenbriar Equity Group has appointed Niall McComiskey as a managing director.
McComiskey joined Greenbriar in 2006 and has led the structuring and sourcing of a number of investments across the transportation space, with a particular focus in the aerospace, commercial vehicle, distribution and shipping sectors.
Prior to joining Greenbriar, McComiskey was a vice president at HSH Nordbank. Previously, he worked in the mergers and acquisitions group at Deutsche Bank.
Regg Jones, managing partner and co-founder of Greenbriar, says: "We are pleased to acknowledge Niall's leadership role in our firm and with our portfolio companies. As
RiverNorth Capital Management, a boutique investment management firm specialising in opportunistic strategies, has appointed Greg Uythoven as an institutional portfolio specialist.
In this role, Uythoven (pictured) is responsible for supporting the investment management team by serving as a liaison between RiverNorth’s portfolio managers and institutional investor base.
“Greg is a highly accomplished executive, with deep asset management industry experience, strong institutional relationships and a demonstrated ability to meet client needs,” says Brian Schmucker, chief executive officer of RiverNorth. “We are confident he will be a valuable addition to our portfolio specialist team and we look forward to his contributions
Institutional investors are looking for exposure to an ever-widening range of alternative asset classes, with half now holding allocations to three or more, according to Preqin’s H1 2017 Investor Outlook: Alternative Assets.
Preqin reports that 9 per cent of institutions invest in all six alternative asset classes, a fifth have exposure to five or more, and over a third (34 per cent) invest in four or more.
This represents a notable increase over the past 12 months: a year ago, only a quarter of respondents invested in at least four asset classes, and just 13 per cent had exposure
KORE Software has created a new venture capital entity, KORE Software Capital, which has made its first investment in the group ticketing company Fevo.
One of KORE's ongoing goals is to share its success by helping other promising companies develop industry-leading ideas and initiatives.
To further this goal, KORE created a venture fund in 2016 through its affiliated company, KORE Software Capital, targeting investments of up to USD1 million each.
KORE Software has made its first investment in the group ticketing company, Fevo. The company makes it easy for friends or companies of any size to create memorable
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