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Modern Energy Management (MEM), which delivers project lifecycle certainty to renewable energy developers, financiers and investors, has appointed Jack Kneeland as head of finance and Supattana (Tina) Ngimhoung as financial controller.
Kneeland and Ngimhoung will be based out of the firm’s Bangkok office, working on wind energy development projects.
Kneeland joins MEM from AWR Lloyd, where he worked as a managing director for several years. He also acts as a partner for Clean Energy Advisors, which aims to create investment opportunities in the renewable energy sector.
Ngimhoung previously spent five years as a senior financial advisory manager at
Neuberger Berman has closed the NB Private Debt Fund II with USD750 million of limited partner commitments.
The fund seeks to invest in the junior debt of private equity-backed companies, including unitranche loans, second lien loans, and mezzanine debt securities.
Including the fund, Neuberger Berman manages approximately USD2.3 billion of committed capital focused on investing in the credits of private-equity backed companies in both the primary issuance market and through secondary purchases. The average investment size across the business is between USD50 million and USD100 million.
The fund’s global investor base is comprised of more than 25 institutions,
Preqin’s latest update on private equity reports that 2015 witnessed record levels of capital distributions (USD443 billion), surpassing that of the previous record high in 2014, when fund managers return USD424 billion to investors.
2015 also marks the fifth consecutive year in which capital distributions outstripped capital calls, Preqin writes. With these high levels of distributions currently seen in the industry, it seems that investors are still committed to the asset class: over half (56 per cent) of investors active in private equity are planning to increase their allocation in the longer term.
“Furthermore, private equity dry powder continues
The Innovative Finance ISA (IFISA) is attracting new investors to peer-to-peer (P2P) investing, and potentially opening up access to billions of pounds of financing for UK SMEs, according to Crowdstacker.
The data is taken from a six-month summary of Crowdstacker, one of the few P2P platforms authorised to offer an IFISA since the product was introduced in April 2016.
It shows that for every 10 IFISA investments made, nine come from investors who have not invested with the platform before. The average amount invested using the IFISA is GBP7,700. Just under one in five (18 per cent) have used their
Asian healthcare provider Columbia Pacific Management is partnering with Temasek, an investment company based in Singapore, on a joint venture that will provide China’s growing middle-class population with affordable, patient-centred care across healthcare and senior services.
Temasek is investing about USD250 million in Columbia China, the China healthcare arm of Seattle’s Columbia Pacific Management, which will result in a 50/50 joint venture with Columbia Pacific.
Columbia China currently has a 220-bed orthopaedic hospital, two multi-specialty clinics and three senior living facilities in Shanghai and Beijing. The company is also developing three multi-specialty hospitals of 300-500 beds, in Wuxi, Jiaxing and Changzhou,
Baird Capital’s UK-headquartered BCPE II portfolio company SGX Sensortech has completed the sale of its Air Quality Sensors (AQS) division to US-based Amphenol Corporation.
Baird Capital invested in SGX Sensortech in 2012 as part of an investment initiative targeting safety products.
AQS manufactures and supplies advanced gas sensing products for automotive, industrial and indoor air quality applications. The company's product portfolio includes MEMS, infra-red and pellistor based technologies. From its manufacturing facilities in Switzerland and Poland, the company serves a global customer base of blue chip OEMs and tier 1 suppliers across its core markets.
During Baird Capital's
Qube Financing, a portfolio company of Principal Company, has launched a programme to provide EUR300 million in receivables finance for the SME market segment.
The initiative is part of a broader Euro mandate providing working capital finance to the SME sector as well as to multinationals.
It is supported by Insight Investment, a global investment manager, which will deploy capital through its secured finance strategies.
Qube Financing is a fully automated, front-end to back-end, receivables financing platform, supported by PRI inside, Principal Company’s receivables financing infrastructure.
The platform includes a credit underwriting process and operational data exchange
Clarus Risk, an institutional risk solutions firm, is to acquire the private equity risk measurement practice and methodologies of Laven Partners, a consultancy and regulatory software publisher servicing the financial services industry.
The deal, completed on 5 October 2016, will see Laven Partners offer compliance and due diligence solutions to Clarus Risk’s client base.
The deal enables Laven Partners to continue focusing on innovation for its compliance and due diligence offering including the development of its regulatory technology software. Its risk clients will benefit from the risk reporting solution RiskMonitor, which Clarus Risk has been developing since its inception
Cinven has agreed the sale of Avio Space Propulsion, an international operator in space launchers and space propulsion, to Space2 and Leonardo-Finmeccanica together with Avio’s management.
This represents a full realisation for Cinven from its shareholding in Avio Group.
Cinven originally acquired Avio from Carlyle in December 2006, alongside Finmeccanica as a minority shareholder, for EUR2.57 billion.
At the time of the acquisition, the group comprised both aviation and space businesses.
Avio’s aviation business was sold to GE in August 2013 for a total consideration of EUR3.3 billion, generating around EUR1 billion of value for the fourth
Centaur Fund Services has launched an enhanced fund services offering, which focuses on providing services to funds specialising in private equity, real estate, venture capital and fund of private equity strategies.
The announcement comes in response to a dramatic rise in the number of private equity firms outsourcing the administration of their operations. This trend is driven by many factors, such as an increased regulatory environment, more complex structures and market pressure on firms to deliver better reporting.
Centaur’s private equity team customises its service to meet the needs of each client, considering the legal structure, investment
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