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Alternative asset manager Mariner Investment Group has closed a USD503 million collateralised loan obligation (CLO), the third such transaction by Mariner's leveraged credit team.
Mariner has now closed approximately USD1.5 billion in CLOs in the past two years.
"We are pleased at the continued success our team has achieved with its first three CLO's, and with our ability to capitalise on the current market environment," says David Martin, co-head of Mariner's leveraged credit team. "Our success reflects the strength and talent of our growing team, as well as ORIX's continued support of the Mariner platform."
Mariner's leveraged
Private equity investment firm KKR has launched the Eco-Innovation Award for its portfolio companies as part of the firm’s Green Solutions Platform (GSP).
The platformh aims to identify, support and highlight environmental initiatives across three areas: eco-efficiency, eco-innovation, and/or eco-solutions.
The Eco-Innovation Award is intended to reward current projects or initiatives within KKR portfolio companies that are innovative, environmentally beneficial solutions that create business value.
“Our goal with the Green Solutions Platform and now the Eco-Innovation Award is to encourage and support our companies’ eco-innovation work as we do their eco-efficiency projects,” says Elizabeth Seeger, director at KKR
John Frishkopf, head of the asset management and treasury group at New Star Financial, is to retire from the company on 30 September 2016.
Frishkopf was a founding member of the firm and has served in his current role since NewStar’s inception in 2004.
He will remain involved with the company as an external advisor to provide decision support to the management committee and to advise the risk committee of the board of directors as needed on strategic funding matters.
Frishkopf will be succeeded as treasurer by Michael Eisenstein, a managing director in the treasury group. Eisenstein joined
London is expected to retain its position as a global hub for international entrepreneurs following the results of the recent EU referendum, according to research from equity crowdfunding platform Seedrs.
Over half (52 per cent) of Seedrs customers polled agreed that London would remain a global centre for innovative new businesses, while only 16 per cent said they believed London would lose out to other international hubs and the remainder (32 per cent) said they did not know.
The sectors predicted by both investors and entrepreneurs to see the strongest opportunities for growth over the next 12 months in
Monroe Capital has increased the credit facility available to Cal Net Technology Group, a portfolio company of Boathouse Capital and Olympic Valley Capital, to support the acquisition of inhouseIT.
Cal Net is a provider of managed IT services, cloud, security services and Unified Communications in the Southern California region.
Based in Orange County, inhouseIT is a provider of managed IT services to small and medium sized business in the Orange County market.
The addition of inhouseIT to the Cal Net platform extends its capabilities for service, technical depth and reliability to inhouseIT’s clients.
Capstone Financial Group, an investment banking firm specialising in the auto aftermarket, has opened an office in Silicon Valley.
Located at 6203 San Ignacio Avenue in San Jose, the office will serve an automotive industry that is rapidly expanding in the area.
“Silicon Valley has become a hotbed of automotive development with Apple, Tesla, Google and others all entering the fray,” says Dan Smith, president of Capstone. “We anticipate that very soon much of the automotive industry will be centred here, so we wanted to be the first investment banking firm to establish this kind of local automotive presence.”
Private equity returns remained relatively flat in the first three months of the year, according to State Street’s GX Private Equity Index, which saw an overall return of 0.65 per cent for the period.
The index, which includes a dataset dating back to 1980, is based on directly sourced limited partnership data and represents more than USD2 trillion in private equity investments, with more than 2,500 unique private equity partnerships, as of 31 March 2016.
State Street says the return of US-focused funds remained unchanged from the previous quarter. Among all three main strategies, venture capital posted a loss of
Aberdeen Community Energy’s (ACE) flagship community renewable energy project, The Donside Hydro, has launched a share offer which it hopes will raise GBP500,000 by targeting a 7 per cent return for investors.
On track to complete construction and begin generating electricity by October 2016, The Donside Hydro is aiming to create a sustainable income for the local community by selling clean, renewable electricity to the national grid.
The project is expected to generate many thousands each year for a community fund and enough electricity to power the equivalent of around 130 homes annually.
ACE has developed a detailed
Pharos Capital Group, a private equity firm based in Dallas and Nashville, has acquired telepsychiatry services provider FasPsych in partnership with the company's founder, Ed Irby.
Irby, along with the company’s management team, rolled a significant equity stake in conjunction with the transaction.
FasPsych, founded in 2007 and headquartered in Scottsdale, Arizona, manages a specialised pool of contracted psychiatrists and psychiatric nurse practitioners from across the country to provide telepsychiatry services via real-time, interactive televideo communication.
Services are primarily provided in the Southwest US to hospitals, community mental health centres, residential mental health centres and various other mental
Nick Triantos has joined early-stage business software venture capital firm Ignition Partners as a venture partner in the firm’s new Los Altos office.
Triantos will use his background in venture capital and technology to identify new strategic investments for the firm in the areas of artificial intelligence, cybersecurity and VR/AR for the enterprise.
Triantos joins Ignition from SRI International, the research firm behind inventions such as Siri, the computer mouse and the ARPANET, where he was managing director of the ventures team. During his time at SRI, Triantos focused on software research labs, covering areas such as artificial intelligence
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