Latest News
The law introducing a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF), has been approved by the Luxembourg Parliament and will come into force three days after publication in Luxembourg’s Official Gazette Mémorial.
Denise Voss (pictured), chairman of the Association of the Luxembourg Fund Industry, says: “The Luxembourg RAIF Law provides an additional – complementary – alternative investment fund vehicle which is similar to the Luxembourg SIF regime. Unlike the SIF, the RAIF does not require approval of the Luxembourg regulator, the CSSF, but is supervised via its alternative investment fund manager (AIFM), which must submit
Alternative asset manager Kayne Anderson Capital Advisors has named Mike Levitt as the firm’s new chief executive officer.
The firm has also promoted Bob Sinnott, previously president and CEO, to be co-chairman of Kayne alongside founder Ric Kayne. Sinnott will continue to chair Kayne’s energy strategies. Levitt (pictured) will join Sinnott and Kayne as part of the firm’s executive management team.
Formerly, Levitt was vice chairman of Apollo Credit Management within Apollo Capital Management. In addition, Levitt founded and was CEO of Stone Tower, a credit-focused alternative investment management firm, which was subsequently acquired by Apollo.
During his
Blackstone has appointed Jim Breyer, founder and chief executive of global venture capital and private equity investor Breyer Capital, to its board of directors.
Over the course of his career, Breyer has been an investor in over 30 consumer internet, media, and technology companies that have completed successful public offerings or mergers.
Stephen A Schwarzman, Blackstone’s chairman and CEO, says: “Jim’s deep knowledge of emerging technologies, large businesses, and academic research universities will add significant expertise to our team at Blackstone to ensure that we continue to innovate as we have for over thirty years. As the world changes
Advisers consider alternative investments key to growing their high-net-worth (HNW) business, but a lack of access to quality products stands in the way of larger allocations to the asset class, according to a financial adviser survey commissioned by Artivest.
The majority of financial advisers surveyed (54 per cent) believe that offering alternatives is important to retaining and attracting HNW investors, yet lack of access to quality funds was the number one reason (26 per cent) why advisers believe their adoption of alternatives is lower than that of institutions.
Advisers also cited higher retail client fees (22 per cent), the
CVC Capital Partners has appointed Cathrin Petty as a partner and head of European healthcare.
Petty will be based in CVC’s London office.
Petty joins CVC from JP Morgan, where she was head of healthcare in EMEA. Prior to this, she was a special partner at Vitruvian Partners and a partner at Apax Partners on their healthcare/life sciences team.
Petty has worked on numerous healthcare transactions, including the IPO of Spire Hospitals Plc, LEO Pharma’s acquisition of Astellas Derm, Roche’s acquisition of Intermune and the sales of LGC to KKR and Atos Medical to PAI Partners.
Petty
Private equity fund manager and enterprise investment scheme (EIS) specialist Calculus Capital has made a GBP2.5 million investment in diagnostics company Epistem via its EIS fund and venture capital trust (VCT) investment vehicles.
Calculus is the cornerstone investor in a GBP6.5 million equity fundraising undertaken by Epistem.
Epistem, an AIM-listed molecular diagnostics and biotechnology company, will use the investment to fund its next stage of growth, which includes developing low-cost, rapid and simple to use tests for diagnosing infectious diseases such as tuberculosis (TB), Hepatitis C, Hepatitis B and HIV via its Genedrive platform.
Epistem, which will be
Private equity firms Maven Capital Partners and YFM Equity Partners have backed the MBO of Indigo Telecom Group, acquiring the business from parent TTG-Global.
Maven and YFM have invested in partnership to provide a GBP12 million funding package, including additional funds to support a buy and build strategy to scale and diversify the Indigo group.
South Wales based Indigo designs, installs and maintains telecom networks across the UK and Europe, enabling customers such as Vodafone, Sky and BT to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.
PEF Services, a fund administrator for private capital funds, has appointed Hank Boggio as chief revenue officer.
Boggio will oversee global strategy for PEF’s sales, marketing, account management and business development efforts to drive its revenue streams and identify new opportunities for growth.
Boggio will begin his new duties on 18 July and will report to PEF co-founder and CEO Anne Anquillare.
With more than 25 years of experience leading several companies through rapid growth and profitability, Boggio joins PEF from his previous role as managing director, head of business development at Ipreo Private Capital Markets, a provider of
Marlin Equity Partners has held the first and final closing of Marlin Heritage Europe with EUR325 million of total capital commitments.
The Heritage Europe Fund was exclusively offered to existing investors in Marlin's lower middle market focused Heritage Fund platform and closed at its hard cap in just over two months while generating demand well in excess of its initial EUR200 million target.
The Heritage Europe Fund is a natural progression for Marlin following the firm's long history of investing in European businesses since 2006 and the establishment of a local European presence in January 2013, with the opening
The global venture capital investment market is forecast to grow at a compound annual growth rate of 35.86 per cent between 2016 and 2020, according to a report from Research and Markets.
The report – Global Venture Capital Investment Market 2016-2020 – has been prepared based on an in-depth market analysis with inputs from industry experts.
A trend boosting market growth is the advanced and early seed capital/angel funding activities. There has been a continuous increase in the initial capital investment through the use of an angel investor, a crowdsourcing platform, and an early-stage venture capital funding.
Research
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
