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Bedell Trust has announced the establishment of an operation in Cayman to further extend its international presence.
Bedell Trust, which has a network of offices in key locations and an acknowledged reputation in corporate, trust, fund administration, international finance, employee benefits, private wealth management and bespoke family office, will provide a comprehensive range of trust and corporate services to clients from its Cayman operation.
Grant Barbour, a Director of Bedell Trust Cayman Limited, who will head up the Cayman business, commented:
‘The Cayman Islands are one of the leading Caribbean jurisdictions for locating investment structures and is popular with many
Clear Ventures, a new Silicon Valley technology venture capital firm, has launched a new USD120 million venture capital fund.
Founded by partners Chris Rust and Rajeev Madhavan, the fund's financial backers include institutional pension funds, educational endowments, charitable foundations and iconic technology industry executives with more than USD80 billion in assets under management. Clear originally targeted an USD80 million raise then increased to USD120 million to accommodate demand.
With experience scaling companies from concept to USD1 billion-plus in annual revenue, the Clear team is dedicated to working with bold teams from the earliest stages of company creation to market leadership.
British fashion tech startup Thread, has closed a GBP4 million funding round which sees venture and growth capital investor Beringea join existing investors Balderton Capital and a number of angel investors.
This follows the previous series A round led by Balderton with a number of angel investors which was announced in August 2015.
Founded in 2012, Thread was launched with USD25,000 from renowned American accelerator programme Y Combinator. Founders and serial entrepreneurs Kieran O’Neill, Ben Phillips and Ben Kucsan noted the emerging trend of men wanting to dress well, but finding it difficult or frustrating to do so. Thread
Private equity swap executive James Gamett has formed Sweetwater Capital Partners (SWCP), which will assist institutional investors with active management of their private equity portfolios.
SWCP builds and manages direct investments, secondaries and co-investments to achieve desired outcomes. SWCP will focus predominantly in the US.
Gamett will serve as Managing Partner. Before starting SWCP, Gamett founded Madison Creek Partners, a health care services company, which he sold in Q1 2016. Previously, he was a Partner and Head of Secondaries at StepStone Group. SWCP’s investment team also includes Brooks Lindberg, Managing Director; Joseph Siletto, Managing Director; Ron Heinz, Principal; and Cameron
Romulus Capital, a seed-stage venture capital fund focused on investing and building technology businesses, has launched its third fund with over USD75 million in commitments.
Backed by investors in 15 countries, including 3 royal families, Asia's largest conglomerates, and individuals with strong ties to the Massachusetts Institute of Technology (MIT), Romulus has grown more than 200 percent in four years with USD150 million in assets under management.
Romulus is the largest independent venture capital firm in the world managed solely by partners under the age of 30 years old – in fact, Founder Krishna K. Gupta founded the company from
Innova, together with other minority shareholders, have sold their stakes in Marmite – the leading European cast marble sanitary ware manufacturer – to Cranemere Ltd in one of the biggest deals in Poland this year.
Innova purchased a controlling stake in Marmite from its founder Roger Johansson, in 2010. Under the leadership of CEO Robert Rutkowski and his team, the Company pursued its strategy of European expansion, product and material innovation and operating improvements, further extending its leadership position on the European market.
During its holding period Innova helped steer through the transition from founder to a world-class management team.
Ipes Group, a provider of outsourced services to Private Equity in Europe, has appointed Jim Faulds as Chairman.
Faulds is an experienced Non Executive Director and Chairman. He spent his executive career in advertising, founding Faulds Advertising, and growing it to become Scotland's largest advertising agency in 2002, when he exited from the business. Since then, Faulds has served as Chairman and Non Executive Director on the boards of a number of listed and private equity backed companies including Wood Mackenzie and Giles Insurance Brokers. He currently chairs Change Recruitment and Jumpstart.
Faulds succeeds Pernille Fabricius, who has been Chair
Smartkarma, the premier collaborative marketplace for Asian investment research and analysis, has closed its second strategic funding round, raising USD4.7million USD to further expand its investment research offering.
Smartkarma’s platform officially launched from closed beta in April 2016. This funding will be used to build on a number of key milestones already achieved during its first year of operations. These include usage by 140 global professional institutions, a 267 per cent year on year growth in platform activity, and a sharp acceleration in the number of insight providers joining the platform.
The latest round brings the total capital raised
Parthenon Capital Partners, a leading middle market private equity firm with offices in Boston and San Francisco, has held the final closing of Parthenon Investors V with USD1.0 billion in commitments.
PCP Fund V exceeded its initial fund target of USD850 million and hit its “hard cap” of USD1.0 billion.
“We appreciate the overwhelming support we received from our existing limited partners and are also pleased to bring an outstanding group of new investors into the Parthenon family,” says Brian Golson, managing partner and co-chief executive officer. David Ament, managing partner and co-chief executive officer, adds: “We’re pleased that investors
Omnes Capital has sold its shareholding in the Sateco group to Naxicap Partners. The other shareholders – LFPI, Pechel Industries and Unexo – are also withdrawing at the same time.
The group’s management team led by François Guilloteau since 2007 is taking part in this new funding round.
Founded in 1953 and headquartered in Mirabeau (Vienne department), Sateco has positioned itself in the design, manufacture and marketing of concrete formwork and construction site safety equipment. Its range of products and services is built around three complementary businesses – the manufacture and sale of new construction products such as wall
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