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Prudential Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets as of 30 June 2016.
Prudential Capital Group is the private placement arm of PGIM, the global investment management businesses of Prudential Financial.
“For more than 75 years, Prudential Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says
Catapult Ventures has appointed Dr Tony Flinn as a venture partner with its new GM&C Life Sciences Fund.
Flinn, who becomes the fund’s second venture partner, is an authority in contract research organisation (CRO) companies, having founded Onyx Scientific in 2000 to offer contract chemistry services for many of the world’s leading drug developers.
Catapult chief executive Nick Wright says: “I am delighted to welcome Tony to Catapult as our second venture partner with the GM&C Life Sciences Fund. Tony has in-depth knowledge of the CRO landscape – and the kind of battle-hardened experience which only comes from establishing,
Integrated Micro-Electronics (IMI) is to acquire a 76 per cent stake in VIA Optronics, an optical bonding and display solutions provider, from Alpina Partners for EUR47.4 million.
Alpina Partners is selling all of its 55 per cent shareholding as part of the transaction. Alpina Partners has been a shareholder in the company since June 2010.
VIA was established in 2005 and has approximately 290 employees across four countries. With its headquarters in Schwarzenbruck, Germany, VIA has research facilities and manufacturing sites in Mörsdorf, Germany and Suzhou, China, and sales offices in Florida and Taipei.
Company founder Jürgen Eichner
Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has partnered with Sorenson Capital in its investment in Axiom Materials.
Axiom, headquartered in Orange County, California, is a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace and defence, industrial, automotive, medical device, and electronics industries.
The company provides customised, mission-critical products that are characterised by lightweight, durable, and temperature-resistant properties to over 300 customers.
Sorenson sponsored the transaction in which it, Yukon and other institutional co-investors facilitated the recapitalisation of Axiom. NXT Capital provided the senior credit facility
Private equity firm Constitution Capital Partners has expanded its team with the appointment of Raymond Shih as an associate and Athilia Chau Banh as a staff accountant.
Shih joined the firm on 1 August and Banh on 15 August.
Shih joins Constitution Capital’s investment team as an associate from Landmark Partners, where he served as an analyst. In this role, he evaluated investment opportunities by conducting company due diligence, industry research, interviewing fund sponsors and preparing financial models using extensive valuation analysis.
Banh joins Constitution Capital’s operations team as a staff accountant from State Street Capital, where she
Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners, has acquired an 8.9 per cent interest in the Greater Mariner Area from JX Nippon Exploration and Production (UK) Limited.
This acquisition is the first since Siccar Point Energy was launched in August 2014 following its initial funding by Blue Water Energy and Blackstone.
The Mariner Field, the centrepiece of the Greater Mariner Area, is located in the UK sector of the North Sea, on the East Shetland platform, and is one of the largest remaining oil fields in the UK
NorthEdge Capital has appointed Prem Mohan Raj as its new chief financial officer (CFO).
Raj joins NorthEdge with over 12 years of private equity experience.
He joins from Livingbridge, where he worked in senior financial management positions, latterly as CFO, across a range of its funds, including its limited partnerships, venture capital trusts and AIM quoted investments.
Prior to that, he was CFO at real estate private equity firm Brockton Capital, having started his private equity career at Coller Capital.
As CFO at NorthEdge, Raj will manage all aspects of the firm’s finances, which now includes GBP525
Strategic acquirers – firms that take a financial interest in a registered investment advisory (RIA) firm to help them grow and perform more effectively through strategic guidance and operating support – are behind 39 per cent of all RIA M&A activity in 2016.
That’s according to a report from Fidelity Clearing & Custody Solutions – The Fidelity 1H 2016 Wealth Management M&A Transaction Report – which highlights the RIA mergers and acquisitions through the first half of 2016.
The report outlines different models of strategic acquirers as well as their approaches to acquisition. The findings also highlight how a
Private equity fund administration provider Ipes has appointed Alyson Yule as depositary director.
She joins the firm from Wells Fargo Global Fund Services where she led its depositary function.
Yule, a Chartered Accountant, has over 25 years of experience in the onshore and offshore finance industry and has detailed knowledge of private equity structures.
Ipes' depositary provides services to more than 228 alternative investment funds across private equity, debt, infrastructure, real estate, venture and fund of funds. Yule will manage the team of 17 depositary analysts in London and help with the continued growth of the depositary business.
RueOne Investments, an alternative asset manager that offers institutional asset owners and family offices direct investment opportunities, has appointed Michael Caro as director of partnerships.
Caro, who is also a partner in the firm, is responsible for overall business development – cultivating relationships with RueOne's asset manager partners and global investor base.
Caro brings extensive buy and sell side experience and relationships and a 15-year track record in institutional sales and client relations, with particular expertise working with esoteric investments and less liquid assets.
Caro joins RueOne from Canaccord Genuity where he was a vice president in the
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