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State Street research reveals that nearly two thirds (59 per cent) of institutional investors globally are set to increase their allocation to private equity over the next five years.
However, a further 15 per cent of institutional investors said their exposure to private equity is likely to decline over the same period. The firm writes that private equity assets under management reached a new high of USD2.4 trillion in June 2015.
Alternatives are seen as key to boosting returns, with 46 per cent of asset owners planning to increase their exposure. However, if the private equity industry fails to
Wealth management firms Mercer Advisors and Kanaly Trust are to merge to create a combined company will assets exceeding USD8 billion under management, making it one of the largest independent wealth managers in the United States.
Terms of the private transaction have not been disclosed.
The combined company will be led by David H Barton (pictured), Chief Executive Officer of Mercer Advisors. Mercer Advisors was acquired by Genstar Capital, a private equity firm, last year. Kanaly Trust is owned by Lovell Minnick Partners, a private equity firm that invests in the financial and related business services sectors, which will
Hastings Equity Partners (Hastings), a private equity firm focused on investing in lower middle market energy services and equipment companies, has made its fifth Fund III platform investment in Cactus Fuel.
Based in Midland, Texas, Cactus Fuel is a value-added distributor of fuel and lubricants to upstream and midstream customers throughout the Permian Basin. Founded in 2012, Cactus Fuel is recognised as a market leader in the most active shale play in the US and the firm utilises advanced technology to ensure best-in-class service for all of its customers.
"We are very excited to partner with Hastings and look forward
Digitech Venture Capital Fund (Digitech) has made its first venture capital investment in Texas startup SmartHome Hero.
SmartHome Hero is a home resource management (HRM) platform that delivers streamlined warranty management and repair service for homeowners while providing a digital advertising platform for builders, smart home products and manufacturers. Consumers gain improved home automation, energy savings, and home resale value.
Digitech, with its first close in Q4 2015, has wasted no time identifying quality technology deals. With offices in Houston and Austin, and a solid network of East and West coast funds, Digitech will leverage a team of incubators, accelerators,
Diamond Wipes International, a specialist in the contract manufacturing of private label disposable moist towels and sample packets has secures an equity investment from Nolan Capital, the family office of Peter Nolan, the former Managing Partner and current Senior Advisor to Leonard Green & Partners.
"This investment by Nolan Capital will help Diamond Wipes solidify over 20 years of our leadership in the disposable wet wipe industry. With the investment we plan a significant expansion of our manufacturing capability in the United States, enabling us to service our existing customers better and grow with new clients," says Diamond Wipes CEO
Buy-to-build private equity firm Silverfleet Capital is to acquire a majority stake in Coventya from Equistone Partners Europe Limited for an undisclosed sum. The transaction is subject to competition clearances.
Coventya, a Paris-headquartered company with a strong international presence, develops, manufactures and supplies specialty chemicals used for surface treatment. Founded in 1927, Coventya has become one of the world leaders in this niche market, due to its capacity to innovate and the quality of its customer service. The group offers a large range of products used in numerous sectors such as the automotive, luxury and consumer goods, construction, aviation, data
A new study shows domestic economic uncertainty and concerns over lack of access to capital continue to offset indicators of an improving business environment among major private equity providers.
The study from the 2016 Private Capital Markets Project from Pepperdine University Graziadio School of Business and Management also reveals key players in private capital lending including banking, private equity investing, venture capital, and business brokers are worried about private capital access.
The majority of investment bankers surveyed report increases in deal flow, presence of strategic buyers, leverage, and deal multiples – but also slightly worsened business conditions. Investment bankers identified
Private equity firm HIG Capital has sold the Holding VM Industries group (H-VMI) to Actomezz (the mezzanine financing team of ACG Capital) and management.
The H-VMI group was created in late 2009 following the partial acquisition of the automobile connectivity business of the Molex group at the Villemur-sur-Tarn site by HIG Capital. It has 270 employees across France, Germany and the UK, including 65 on the Villemur-sur-Tarn site.
Marc Laisné, CEO of the H-VMI group, says: "We would like to thank HIG for their unflagging belief in our company's potential. Their backing enabled us to turn around a distressed business.
Counselytics has deployed its AI technology in the alternatives investment space. Using machine learning technology, Counselytics is aimed at providing a fast, economical and automated process to find and analyse limited partnership agreements wherever they reside.
As Counselytics finds and centralises LPAs, it classifies and extracts up to 35 key partnership terms, including details on fees and expenses, waterfalls, taxation and governance. Counselytics also works as a question answering system with the ability to query for specific issues related to the LPAs, and the system returns both the correct answer and the most relevant sections of the LPA. The technology can analyse
The Cardiac Valve Research Institute – a joint project between Venus Medtech (Hangzhou) Inc (Venus Medtech) and the Second Affiliated Hospital of Zhejiang University School of Medicine (SAHZU) – has been officially launched in Wanlong Technological Park located in the Binjiang district of Hangzhou, the capital of Zhejiang province.
The Institute is the first research entity that Venus Medtech established along with a hospital and, it will focus on minimally invasive treatment for heart diseases.
As a leading transcatheter cardiac valve developer, Venus Medtech finished first place in the Third National Innovation and Entrepreneurship Competition for its respective sector and
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