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Pamlico Capital, a lower middle market private equity firm focused on growth oriented businesses, has held the first and final close of Pamlico Capital IV at its hard cap with total commitments of USD910 million.
PC IV raised its capital in only four months, was oversubscribed and significantly exceeded the original USD750 million target.
Commitments to PC IV came from a group of new and existing global investors comprised of fund of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices.
“We are very pleased and honoured to have received such a high level
Gryphon Investors has held a final closing of Gryphon Partners IV at its hard cap of USD1.1 billion of aggregate commitments.
The fund was oversubscribed and exceeded its original target of USD600 million.
David Andrews, founder and CEO, says: “We greatly appreciate the enthusiastic support we received from our existing and new investors. The LP market’s confirmation of Gryphon’s unique integration of specialised deal and operating professionals from investment origination through exit to generate substantial alpha on a consistent basis was especially gratifying.”
Gryphon IV will continue the firm’s nearly 20-year history of partnering with management teams in
Nearly three quarters (73 per cent) of asset managers are concerned about the challenges presented by MiFID II, research by State Street Corporation shows.
The survey, which polled 100 global asset managers and alternative asset managers, gauged their readiness for MiFID II coming into force in January 2018.
Designed to increase investor protection, the regulation will include new disclosure requirements linked to costs and charges, new conditions set for the design and distribution of financial instruments and increased pre- and post-trade transparency requirements across equity, equity-like and non-equity asset types.
The survey found more than half (59 per
Seraphim Capital has launched what it says is the world’s largest ever, early-stage, space-sector, venture fund.
The fund – focussed on early stage space-related technology businesses – is targeting an GBP80 million final close during the next two quarters and is backed by a GBP30 million investment from the British Business Bank (made under its Enterprise Capital Funds (ECF) programme) alongside smart capital from leading international space companies, family offices and individual investors.
The Seraphim Space Fund will be the first fund of its size anywhere in the world to focus on investing in early-stage technology companies emerging from
Idinvest Partners has strengthened its commitment to financing unlisted European businesses with the initial closing of its second capital growth fund at EUR250 million.
The strategy of Idinvest Growth Fund II follows in the footsteps of the firm’s previous investments in the growth sector which financially supports European SMEs, transforming them into global leaders.
The fund targets digital, health, and energies and cities sectors. Idinvest is aiming for a final closing of between EUR350 million and EUR400 million in the first quarter of 2017.
Christophe Bavière, founding partner of Idinvest Partners, says: “We recognise and appreciate the trust
RueOne Investments, an alternative asset manager that offers institutional asset owners and family offices direct investment opportunities on a deal by deal basis, has appointed Tracie Ahern and Hoyt Stastney to the firm’s board of directors.
Ahern (pictured), who is currently a principal at Danesmead Partners, a fund fiduciary services firm, will serve on the board's audit committee.
Stastney, currently the general counsel at Bronfman EL Rothschild, a wealth management firm, will chair RueOne's legal, compliance and cybersecurity committee. A focus of the compliance and cybersecurity committee will be ensuring that RueOne adopts and maintains best-in-class policies and procedures
US Capital Partners has appointed Britt Doyle as senior vice president (SVP).
Headquartered in San Francisco, US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and has wide distribution for debt and equity private placements for small and medium-sized businesses.
A 30-year veteran of the capital markets, Doyle started his career as an institutional fixed-income salesman for Security Pacific Asian Bank in Singapore directly out of college.
After receiving an MBA in the late 1980s, Doyle moved to the private client side of the business, working for various large investment
Palladium Equity Partners, a private investment firm with approximately USD2 billion in assets under management, has promoted three investment professionals to the position of managing director and three to the position of principal.
Marcos Rodriguez, chairman and chief executive officer of Palladium, says: "We are pleased to announce well-deserved promotions that broaden our leadership team and our firm as a whole. The promotions reflect years of service to Palladium and our investors, and significant accomplishments in sourcing new investments, creating value at our portfolio companies and exemplifying the values of our firm."
"It is gratifying to recognise the contribution
Clayton, Dubilier & Rice (CD&R) has completed the acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to XXXLutz Group.
Sir Terry Leahy, senior adviser to CD&R funds and former CEO of Tesco, has assumed the role of chairman of the board.
BUT operates through a network of 303 stores. The company offers furniture, appliances and decorative products, complemented by financing and extended warranty services.
In FY2016, BUT generated revenue of EUR1.5 billion.
Ipes, a provider of outsourced services to private equity in Europe, is providing administration services to Keen Venture Partners, a new venture capital firm operating from London and Amsterdam, in the first closing of its inaugural Keen Venture Partners Fund.
The fund had its first close at EUR90 million and will provide early growth capital for technology companies with breakaway momentum across Europe with a particular focus on innovation hubs in the UK, Netherlands, Sweden and Germany.
Ben Cook, UK managing director of Ipes, says: “Keen’s focus on innovation matches our own. We look forward to a long partnership
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