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In the first of a five-part series, SEI discusses the impact of five disruptive technologies and how they can be applied to the financial industry. The first of these five trends relates to IBM Watson, and the power of cognitive computing.
Cognitive computing and machine learning capabilities are becoming so great that even Elon Musk has raised concerns.
Speaking recently at Recode’s Code Conference, he said: “I don’t know a lot of people who love the idea of living under a despot,” the inference being that self-awareness super-computers could become a malign force; think creepy-voiced HAL9000 in the seminal movie,
Artivest, a tech-driven investment platform providing access to alternative investments, has appointed Jon Feigelson as general counsel and chief compliance officer.
Feigelson joins from TIAA, where he most recently served as senior managing director, general counsel, head of regulatory affairs, and director of corporate governance.
At Artivest, Feigelson will be responsible for providing strategic, regulatory, and transactional legal counsel across the firm's alternative investment offerings.
Feigelson brings over 20 years of legal, compliance, and governance experience in the financial services industry to Artivest. Prior to TIAA, Feigelson served as managing director and general counsel for ABN AMBRO Bank's
Smart Communications has completed its spinoff from Thunderhead and has launched as an independent company led by its existing management team and backed by Accel-KKR, a technology-focused private equity firm.
As an independent company, Smart Communications will continue to define and lead the next generation of cloud-enabled customer communications management (CCM) by focusing on scaling its growth in new and existing markets, broadening its industry reach, and accelerating innovation and product development.
Smart Communications’ blue-chip customer base spans three continents and includes over 300 customers from a diverse range of industry sectors, including banking, insurance, healthcare, telecoms and retail,
The Thomson Reuters Private Equity Buyout Index (TRPEI) and the Thomson Reuters Venture Capital Index (TRVCI) returned 0.25 per cent and 1.87 per cent in August, respectively.
This brings their year-to-date performance to +5.43 per cent and +0.94 per cent.
The Thomson Reuters PE Buyout and VC indices each seek to track the aggregate gross performance of its respective industry in the US.
They are the first indices to allow liquid access to the gross performance of the private equity and venture capital industries through index-linked investment products.
Both the Thomson Reuters PE Buyout Index (TRPEI) and the Thomson Reuters VC Index (TRVCI) are
Norsk Titanium has secured an investment from Silicon Valley-based Applied Ventures, the venture capital arm of Applied Materials, a specialist in materials engineering solutions used to produce chips and advanced displays.
Terms of the investment have not been released.
“Applied Ventures’ equity investment positions Norsk Titanium and our disruptive Rapid Plasma Deposition capability into the core of the Silicon Valley additive manufacturing revolution,” says Norsk Titanium chairman of the board John Andersen, Jr. “Applied’s extensive capabilities in materials engineering and process management complement our unique titanium capabilities as well as our global expansion into new metal alloys and markets
Alternative investment firm HIG Capital has appointed Appu Mundassery as the company’s head of direct lending in Europe.
Based in London, Mundassery joined HIG in 2009 as a managing director.
With affiliates in the UK, France, Germany, Italy and Spain, HIG’s European direct lending team manages a portfolio of directly originated par loans to small and mid-size companies with EBITDA up to EUR25 million.
John Bolduc, HIG executive managing director who oversees HIG’s global credit platform, says: “Appu has done a terrific job helping us develop our direct lending business in Europe and under his leadership, I am
Gide has advised iBionext on setting up the firm’s management company and on structuring its first venture capital fund, iBionext Growth Fund.
The fund specialises in the investment in and development of healthcare start-ups.
iBionext Growth Fund has announced a first closing of USD52.5 million, with a target of USD112 million for 2017.
The fund has drawn interest from international investors, insurance companies and family offices, alongside the Biotech & Healthcare Acceleration Fund (FABS) operated by Bpifrance in the context of the Investments for the Future Program (PIA) managed by General Commissariat for Investment.
Gide’s team comprised partner
Audax Private Equity, together with its co-investors and management, has completed the sale of Laborie Medical Technologies to Patricia Industries, a part of Investor AB.
Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health, and gastrointestinal applications.
The company’s products are used in the diagnosis and treatment of urinary incontinence and other urological and GI conditions. Laborie supplies physician offices, hospitals, and mobile providers on six continents.
Since Audax’ initial investment in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets.
Young Lee, managing
Alternative asset investment firm HIG Capital has appointed Appu Mundassery as the firm’s head of direct lending in Europe.
Based in London, Mundassery joined HIG in 2009 as a managing director.
With affiliates in the UK, France, Germany, Italy and Spain, HIG’s European direct lending team manages a sizeable portfolio of directly originated par loans to small and mid-size companies with EBITDA up to EUR25 million.
John Bolduc, HIG executive managing director who oversees HIG’s global credit platform, says: “Appu has done a terrific job helping us develop our direct lending business in Europe and under his leadership,
Twino Group, a consumer lender, has now issued over EUR300 million in issued loans.
The company, which has been operating since 2009, provides unsecured consumer loans for private individuals in 10 countries, including Poland, Russia and Georgia.
In May 2015, the company also launched a peer-to-peer lending platform, offering investors from across Europe an opportunity to earn premium returns by investing into consumer loans originated by Twino Group’s lending companies.
Fuelled by a BuyBack Guarantee, which protects investors from the borrower default risk, the platform has attracted over 4,000 investors from 30 countries, who have already funded EUR49.5
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