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There is continued confidence in the venture capital trust (VCT) sector with fundraising for the 2016/17 tax year to 31 December 2016 up 53 per cent on fundraising to 31 December in the 2015/16 tax year, according to data published by the Association of Investment Companies (AIC).
Some GBP169.5 million was raised at 31 December 2016 compared to GBP110.8 million at 31 December 2015.
The increased level of fundraising reflects early VCT offers being launched in the 2016/17 tax year, continuing demand for VCT offers that were open up to the end of 2016 and strong support for VCT dividend
HIG Capital, a global private equity investment firm with EUR20 billion of equity capital under management, has appointed Kenneth Borton as managing director of WhiteHorse Capital, the direct lending affiliate of HIG Capital.
He will be based in London.
Borton has over 17 years of experience in direct lending, structured finance and special situations. Prior to joining HIG WhiteHorse, he was a managing director at Citi with responsibility for the credit opportunities business in EMEA, managing over USD500 million of direct lending transactions across sectors and throughout the region.
John Bolduc, executive managing director, says: “I am delighted
Euronext is to roll out a series of initiatives dedicated to family businesses to promote listings and increase their visibility among investors.
There are currently over 14 million European family businesses, amounting to 60 per cent of the total number of companies in Europe. Family businesses account for 66 per cent of companies worldwide, generating over 70 per cent of global GDP annually.
Today, 201 family businesses are listed on Euronext markets, representing a total market capitalisation of EUR745 billion. This includes 158 SMEs with a total market capitalisation of EUR43 billion.
Following interviews with key sector players
BlackFin Capital Partners has opened an additional office in Frankfurt am Main, Germany.
Since its inception, BlackFin has focused on investment opportunities within the financial services sector across continental Europe. Initially fully based in Paris, the team is expanding geographically to support its pan-European investment strategy.
In 2013, BlackFin opened an office in Brussels to expand its coverage of the Benelux financial sector. This led to a significant increase in potential deal opportunities in all three of the Netherlands, Belgium and Luxemburg. As an example, BlackFin acquired for its Fund II the Luxemburg based operations of RBS (Royal Bank
Aldevron, a contract development and manufacturing organisation specialising in the production of plasmid DNA, proteins and antibodies, has received a growth investment from growth private equity firm TA Associates.
Aldevron’s management retains a significant portion of ownership in the company and will continue to run the company. Financial terms of the transaction were not disclosed.
Founded in 1998, Aldevron manufactures biologics for research, clinical and diagnostic applications. The company’s products are used to manufacture novel treatments for a wide range of indications, including cancer, infectious disease, paediatric disorders and rare diseases. Aldevron’s custom products are used extensively in the fields of gene therapy and gene editing.
The company is
A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an Act of Parliament.
To proceed otherwise would be a breach of settled constitutional principles said Lord Neuberger.
Interviewed for Global Fund Media’s AlphaQ magazine in December, Miller explained her reasons for launching the campaign, saying: “It was the same reason I do everything,” she says. “Transparency, accountability and scrutiny. We have a process of law and Parliamentary sovereignty and only Parliament
Law firm Dechert has expanded its financial services practice in Hong Kong with the addition of Michael P Wong.
Wong (pictured) joins the firm as a partner and was most recently at K&L Gates.
“We are very pleased to welcome Michael to Dechert,” says Peter Astleford, co-chair of the firm’s financial services group. “Michael has already established a noteworthy and growing practice at his previous firm for global and PRC clients. By moving to our platform, we all anticipate that Michael’s and our clients will get a more integrated and better global service than ever before.”
Wong’s practice
Alternative investment firm Summit Partners has made four promotions in its global team, with Jay Pauley and Thomas Tarnowski appointed as managing directors and Antony Clavel and Peter Francis as principals.
“We are proud to recognise the achievements of Jay, Thomas, Antony and Peter with these well-deserved promotions,” says Peter Chung, managing director and chief executive officer of Summit Partners. “Each of these professionals has made a meaningful impact on the firm, working alongside our portfolio companies and serving our investors with dedication and integrity.”
Pauley joined Summit’s Boston office as a vice president in 2010. He moved to the Menlo Park office
SD-WAN platform provider Aryaka has completed a USD45 million Series D round of financing led by Third Point Ventures, new investor Deutsche Telekom Capital Partners (DTCP), and with participation from existing investors.
The new funding round will help Aryaka aggressively expand its global reach.
Aryaka has delivered over 100 per cent year-over-year growth for five consecutive quarters and now has more than 500 global enterprise customers with sites in 63 countries around the world.
"When we look at companies that we want to invest in, we consider market, technology, and team," says Robert Schwartz, managing partner of Third
Angeles Equity Partners has closed Angeles Equity Partners I (AEP I) with USD360 million in capital commitments.
The commitments came from a diverse group of institutional investors, including public and private pension plans, endowments, foundations, a sovereign wealth fund, and alternative asset managers in North America, Europe, and the Middle East.
AEP I is the firm’s first private equity fund and was substantially oversubscribed, exceeding its target of USD300 million.
Angeles Equity Partners is led by co-founders Timothy Meyer and Jordan Katz, who have invested together for over a decade and created value helping companies achieve their full
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