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Maples Fund Services, a division of MaplesFS, has invested in its technology and personnel to support an enhanced private equity fund services offering.
This includes the implementation of Investran, a portfolio and partnership accounting system, and the appointment of industry veteran Robert Wolfe as head of private equity solutions.
Private equity continues to be one of the fastest growing and attractive segments in the global alternative investment marketplace. However, with operational integrity in the spotlight, administering private equity funds has become more time-intensive than ever before. Compliance with transparency requirements from investors and regulators, an expectation of independence, and
L Squared Capital Partners has made a USD40 million growth investment in Edlio, a provider of cloud-based software to the K-12 market.
Built on a Software-as-a-Service platform, Edlio’s content management system facilitates connections and interaction among teachers, administrators, parents and students through a variety of different modules.
The investment by L Squared will enable the company to further invest in sales and marketing, international growth and new product development, and support strategic acquisitions across the education technology landscape.
“We had the opportunity to partner with many different groups and chose L Squared because of their passion for education,”
Cloud9 Technologies, a cloud-based communication provider for financial firms and institutional traders, has closed a USD30 million funding round led by JPMorgan Chase, with ICAP, Barclays and Point72 Ventures.
The round also includes individual participation by the principals of several trading firms, such as Hudson Ridge Asset Management, who were among Cloud9's early customers.
"We are thrilled to welcome Point72 Ventures and our other investors as we continue to build a technology that acts as a catalyst in terms of changing the communication and process around trading," says Gerald Starr, CEO of Cloud9 Technologies. "Cloud9 has ushered trader
Lower middle-market private equity firm Blue Sage Capital has completed its acquisition of Magnum Systems.
Headquartered in Kansas City, with an additional manufacturing facility in Parsons, Kansas, Magnum, through its Taylor Products and Smoot brands, is a designer and manufacturer of branded packaging and material handling solutions.
The company’s products are designed to handle free-flowing materials that are difficult to package or convey in all types of manufacturing environments.
President and CEO of Magnum, Travis Wallace, says: “The Magnum management team is thrilled to partner with Blue Sage as we seek to lead the company into its next
In the first half of 2016, French private equity firms invested EUR5.5 billion to support and accelerate company growth projects, according to data released by the Association Française des Investisseurs pour la Croissance (AFIC).
This figure is up 47 per cent relative to the first half of 2015 and is above the 2006-2008 annual average.
For the first time in a six-month period, AFIC members surpassed the threshold of 1,000 companies receiving investments (1,040 in H1 2016). The geographic allocation of these investments was largely stable, with more than 80 per cent (84 per cent this half) based in
Russian Direct Investment Fund (RDIF) portfolio company Nord Hydro-Beliy Porog has broken ground on the construction of small hydropower plants on the river Kem in Karelia, Northwest Russia.
The breaking ground ceremony was held in the presence of the Head of the Republic of Karelia Alexander Khudilainen, RDIF executives and its international partners Sinomec, the New Development Bank (NDB) founded by the BRICS countries, and other organisations involved in the project.
The construction of two Beloporozhskaya hydro power plants with a total capacity of 49.8 MW is the NDB’s first project in Russia. As of today, it is the
TLT has advised the management team at M247, an internet infrastructure and IT company, on its sale to network services provider Metronet (UK).
Following the acquisition of M247, Metronet (UK) will be able to offer a combined portfolio of connectivity and content services including wireless network services, datacentres and managed hosting solutions across the UK and Europe.
The combined business will have EBITDA in excess of GBP12 million, over 200 staff, three data centres and over 13,000 customers.
The TLT team included corporate partners Stephen Devlin and Ian Roberts and corporate legal director Elizabeth Delaney. Signia Corporate Finance
GLAS, an independent provider of finance administration services, has appointed Joe Knight to spearhead the expansion of the firm’s direct lending platform.
Knight will have responsibility for business development and developing strategic relationships with GLAS’ existing direct lending client base.
The move comes as funds increasingly replace banks in the lower to middle market transactions, leading to an uptick in demand for independent agent and trustee services.
Knight is an experienced loan professional with over 15 years’ experience in the syndicated loan market. Before joining GLAS, he was managing the London office of AgenSynd. Prior to joining the
Renewable energy underwriter GCube Insurance Services now provides coverage for over 4GW of Canadian wind assets.
This figure is expected to increase in the coming months with the strong construction pipeline for new wind infrastructure in the country.
As of last year, and following the installation of a further 36 new wind energy projects, Canada sits seventh in the world in terms of total installed capacity. At just under 12 GW, wind energy currently caters for approximately 5 per cent of Canada’s electricity demands. However, the country has a long-term aim to reach a capacity of 55 GW by
Fanisi Capital has launched its second fund, Fanisi Capital Fund II, with a target of between USD75 million and USD100 million.
Fanisi Capital Fund II, which is a close-ended 10-year growth fund, is targeting to raise up to USD40 million locally, with the rest coming from international investors.
Fanisi Capital managing partner and CEO Ayisi Makatiani says several leading pension funds have already committed to putting money into the fund. He says the strong interest from local investors, including key institutional investors, is underpinned by Fanisi Capital’s vast experience in the local and regional markets.
“We are essentially
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