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CACEIS offers private equity fund managers bridge financing solutions that allow them to delay the process of collecting capital commitments from investors, thereby enhancing the internal rate of return of the fund.
In such an arrangement, CACEIS provides Equity Bridge Financing to the manager – essentially a guaranteed line of credit – whereby the financing arrangement is agreed not on the asset but on the uncalled capital commitment from high quality investors.
"In other words, it is financing on the liability side of the fund rather than the asset side of the fund," comments Nicolas Palate, Head of Private Equity and
At SS&C Advent, an independent unit of SS&C Technologies who collectively support more than 10,000 customers worldwide, there has been, according to Jesper Steiness (pictured), Director of Global Accounts, a clear growth of interest among fund managers and service providers to improve automation with respect to alternative portfolio accounting and reporting.
This is happening at a time when alternative fund managers are converging in terms of the products they offer, with hybrid fund structures becoming a more popular feature of the landscape. But given the complexity of the assets, and the movement of cash flows within these structures, both managers
The recently introduced Reserved Alternative Investment Fund (RAIF) is compelling to fund managers because although it is not subject to direct supervisory authority from the CSSF, it is still a fully AIFMD-compliant product, benefiting from the European passport for marketing to professional investors in Europe.
"The time to introduce an unregulated AIF is a strong message and part of the construction of a new alternative investment fund norm in Europe," says Jean-Florent Richard (pictured), Head of Fund Engineering Services at BNP Paribas Securities Services, Luxembourg branch.
"The RAIF allows the bank to once again position itself as one of the
Luxembourg has deposited a new Bill of Law with the Luxembourg Parliament called the Reserved Alternative Investment Fund (RAIF) Regime. It is a regime that embraces the concept of AIFMD being manager-focused regulation. The RAIF, unlike the heretonow popular SIF, does not need to be under the direct supervision of Luxembourg's regulator, the CSSF. Instead, the RAIF merely needs to appoint an authorised AIFM, based in Luxembourg or any other EU jurisdiction.
This could be a key stage in the future development of Luxembourg as Europe's leading funds centre – and still the second largest fund centre in the world
Capital Springboard, a peer-to-peer invoice financing platform, has launched the Pentad Capital Springboard Class for accredited investors in Singapore, through its partnership with Centurion Portfolio Managers.
The fund provides exposure to Capital Springboard’s platform, which has transacted over SGD110 million on its platform since its pilot testing phase, via a Cayman administered fund structure.
“The feedback we have been receiving from investors and SMEs have been extremely encouraging. Investors are continually searching for yield and we’ve provided them a platform that not only provides quality investment but one that diversifies risk across their investment portfolio,” says Roger Crook, CEO
Noerr has advised the financing bank consortium on the acquisition of a majority stake in Betten Duscher by the investment company Odewald KMU.
DZ Bank, Bremer Kreditbank and BHF-Bank belong to the consortium.
Odenwald has acquired the company within the scope of a succession arrangement regarding the new fund Odewald KMU II.
The vendors are the shareholders of Betten Duscher, a manufacturer of bed linen and household textiles from Roding in Bavaria. The shareholders remain linked to the company via a management participation and a continuing interest.
With respect to the transaction financing, the banks relied on
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has completed an investment in Installs.
Headquartered in Buffalo, New York, Installs is a national provider of last mile logistics services for major retail chains and e-commerce businesses.
Graycliff’s investment was made in support of the current management team’s buyout of the company’s two founders.
Founded in 1993, Installs was the first national independent installation services provider of consumer electronics and appliances and currently maintains one of the largest networks of multi-skilled independent and certified technicians. This fully-vetted nationwide network of 3,400 technicians,
Pemberton, which is 40 per cent owned by Legal & General Capital (LGC), has completed the final close of its inaugural European Mid-Market Debt Fund with EUR1.2 billion of commitments.
Paul Stanworth (pictured), managing director of Legal & General Capital, says: “Reaching well over EUR1 billion of commitments from institutions across the globe is a fantastic achievement by the Pemberton team. With such significant amounts of capital raised and more to come through the dedicated UK fund, Pemberton is building with Legal & General Capital’s support a substantial platform from which to boost lending to businesses, domestically and across Europe,
CoInvestor, an alternative investment platform for sophisticated private investors, has raised GBP1.1 million in additional capital in under two weeks as it seeks to accelerate its growth six months after its full launch.
The funding builds on pre-existing capital raised from a number of individual and corporate investors, with 60 per cent of the new funds coming from existing shareholders and 40 per cent from new investors.
The business has also strengthened its advisory board with the addition of Ian Peacock (pictured), head of UK and Ireland at IG Group, where he joins Jonathan Polin, group CEO of Sanlam
Joyal Capital Management (JCM), an asset management firm that specialises in mergers and acquisitions, financing, private equity and family office services, has appointed Matthew Stadtmauer as a managing director.
With more than 20 years’ experience on Wall Street and executive leadership of alternative investment firms, Stadtmauer brings a strong background in managing alternative investments.
At JCM he is charged with leading the formation of the trust services and fund management company.
“The timing couldn’t be better to bring a seasoned professional into JCM,” says Gary F Joyal, managing partner and CEO. “Since starting the firm almost 30 years ago,
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