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Independently owned family office Stonehage Fleming has held the final close of the Stonehage Fleming Global Private Capital Fund 2016.
In conjunction with a number of new separate accounts, this takes the total the firm has raised for investment in private capital funds over the last 18 months to USD166 million.
The 2016 Fund is the first of a series of annual funds for the international family office’s new private capital programme. Each annual fund will invest in five to seven best-in-class managers which will provide underlying exposure to between 50 and 100 high quality portfolio companies.
The
BlackRock is to lead the next funding round in iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers.
Frank Porcelli, chairman of BlackRock’s US wealth advisory business, is to join iCapital’s board of directors and will work closely with the organisation as a strategic adviser.
Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. iCapital’s online platform facilitates access to private investment opportunities through an independent origination and due diligence process that prioritises
ORIX Corporation has acquired a controlling interest in RB Capital Empreendimentos, a Brazilian capital markets and asset management platform.
The acquisition leverages ORIX’s strategy to expand its growing capital solutions and asset management business in Latin America.
“This acquisition is an important step in expanding ORIX’s footprint in Latin America,” says Hideto Nishitani (pictured), ORIX USA Corporation’s chairman, president and CEO. “RB Capital has a 17-year track record and a strong team of talented professionals. A strategic alliance with RB Capital gives ORIX the ability to extend our asset management and capital market business through an established operating platform.
The outlook for raising funds in the post-Brexit environment is the focus of a Guernsey funds masterclass to be held in London next year.
The event, which takes place at etc.venues in St Pauls on 8 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from public affairs consultant Louise Harvey OBE MVO, who spent 13 years as a British diplomat working on EU issues in the Foreign and Commonwealth Office.
Harvey’s presentation will focus on the process of triggering and implementing Brexit, the negotiations that will entail and the political
Victory Park Capital (VPC) has provided a USD100 million senior secured credit facility to Cognical (d/b/a Zibby) to expand its omni-channel lease-to-own payment platform for in-store and online shopping.
The credit facility, along with the accompanying equity investment, will help the company grow and scale its lease portfolio, providing underbanked consumers with an affordable alternative for acquiring durable consumer goods such as furniture, appliances and electronics.
“Zibby has identified an underserved lease-to-own financing niche within the non-bank financial services landscape and has developed the underwriting and risk analytics to capitalise on it,” says Gordon Watson, partner at VPC. “Zibby
Griffin Capital Corporation has appointed Diana L Keary as senior vice president, head of marketing.
In her new role, Keary will assume a variety of responsibilities, including designing and executing strategies to expand the company’s brand awareness among its key constituents, including investors, financial advisers and their broker-dealers and registered investment advisers; directing all Griffin Capital product marketing; and interacting with various media platforms.
Kevin A Shields, chairman and CEO of Griffin Capital, says: “We are extremely fortunate to have attracted a seasoned professional of Diana’s experience and talents, and we welcome her to our firm and to our
D E Shaw Renewable Investments has acquired the Mississippi Solar 2 project from Origis DevCo.
The project is a 52 MWAC solar power facility located three miles away from Sumrall in Lamar County, Mississippi.
Promptly following the acquisition, DESRI started construction of the project, which it expects to be completed in Q2 2017.
“We greatly appreciate the effort from all of our partners in helping launch construction on DESRI’s first project in the Southeast,” says Bryan Martin, CEO of DESRI. “We are excited to expand our footprint into Mississippi with a ground breaking project that we expect will provide
Private equity fund manager and Enterprise Investment Scheme (EIS) and venture capital trust (VCT) specialist Calculus Capital has invested GBP3 million in UK trampoline park company Jumptastic as it plans to expand into Scandinavia.
Jumptastic’s first park opened in Gloucester in 2015, offering 90 interlinked trampolines over 30,000 square feet. The park attracted more than 140,000 visitors in its first 12 months.
In addition to UK growth plans, the company has identified Scandinavia as a key expansion target. It is a region in which the Jumptastic management team – directors Andy West and Paul Monaghan and CEO Lee Myall –
Strategic Insight, a data and business intelligence provider for the global asset management community, has appointed Karl Jaeger as chief financial officer (CFO).
With over 25 years experience in the financial services sector focused on data and software, Jaeger brings a combination of operational and finance experience to Strategic Insight, which has recently completed the acquisition of BrightScope, Market Metrics and Matrix Solutions.
Jaeger has overseen the acquisition and integration of more than 30 fintech companies throughout his career.
Joel Mandelbaum (pictured), CEO of Strategic Insight, says: “I am delighted to be reunited with Karl for the fourth time
Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation.
A subset of FinTech, RegTech consists of technologies proven to facilitate the delivery of regulatory requirements faster and more cost-effectively than existing capabilities.
For asset managers, RegTech will be particularly meaningful in solving complex regulatory data management challenges and complying with condensed reporting cycles, Confluence says.
“Next year will be a pivotal year in the future of the asset management industry,” says Todd Moyer
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