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MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Neuberger Berman’s private equity fund administration business, Capital Analytics.
This deal brings MUFG Investor Services’ private equity and real estate assets under administration (AUA) to USD145billion and total AUA to USD384billion.
Junichi Okamoto, Group Head of Integrated Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation, says: “This transaction represents the next step in our strategy to support MUFG Investor Services position as an industry-leading administrator. Incorporating Capital Analytics’ capabilities will enhance MUFG Investor Services’ proposition and will enable us
With 3,506.2 billion EURof assets under management as at 31 December 2015, Luxembourg has retained its position as the leading investment fund domicile in Europe, growing by 13.29 per cent during 2015.
The number of investment funds stood at 3,878. As at the end of November, Luxembourg accounted for 42.43 per cent of all net sales in Europe.
Investment funds domiciled in Luxembourg and initiated by US and UK asset managers represent the 1st and 2nd largest net assets under management, namely EUR759.8 billion and EUR581.5 billion, respectively, at the end of 2015.
Luxembourg is also increasingly recognised
Paladin Capital Group, headquartered in Washington DC, is a leading global private equity investor in some of the world’s most innovative companies; particularly those that are developing new technologies in the cybersecurity space.
Mike Steed (pictured), Paladin’s Founder and Managing Partner, is unequivocal in his view that hackers are no longer merely interested in targeting individuals to steal financial information; rather, hacktivists or state-sponsored groups are targeting critical infrastructure to disrupt society, and to compromise the identities of US citizens.
Recently, Steed wrote an article on Paladin’s website entitled “Paladin’s 2015 Cyber Year in Review and Key Trends Shaping 2016”.
Exit delivers exceptional returns to investors in UK’s largest venture capital trust (VCT)
Octopus Ventures has exited from SwiftKey, the company behind the app for faster, easier typing on mobile phones and tablets that is now being used on more than 300 million devices worldwide, delivering what it is describing as ‘exceptional returns’ to investors in its Octopus Titan Venture Capital Trust (Titan VCT).
The news follows the acquisition of SwiftKey by Microsoft with the deal highlighting the important role VCTs play in developing the next generation of disruptive technologies and UK business. VCTs provide investors with the opportunity
Private equity company HIG Capital’s portfolio company Ship Supply International has acquired Alliance Supply Management.
Headquartered in Houston, Texas, Alliance is a port logistics business that provides time sensitive, last-mile delivery of required deck & engine maintenance products and critical perishable goods to commercial vessels throughout the US Gulf Coast. Since its founding in 1906, Alliance has achieved an industry-leading reputation and a long tradition of success while operating under the ownership of the Margolin family. Bruce Margolin, the President of Alliance, will join the Ship Supply team as Chief Commercial Officer.
“The Gulf Coast is an attractive market
BGF (Business Growth Fund) has backed Darlington-based Total Recycling Services (TRS) with a GBP6.7m growth capital investment.
TRS provides complete recycling and waste management services for industrial and commercial customers, including hazardous waste recovery, commercial recycling and industrial services. Operating from its two sites in Teesside, all services are carried out in-house enabling TRS to provide a high-level of flexibility, responsiveness and control around customers’ recycling and waste management requirements.
The six-year old business, which generated turnover of more than GBP14 million in 2014, is led by Managing Director, Alex Foreman. During this time, TRS has built a strong
UK venture capital investor Albion Ventures has led a GBP1.65m funding round in the mobile fan engagement and sports marketing company InCrowd Sports. Albion Ventures is investing alongside Sky and a number of angel investors.
The management team is led by Aidan Cooney who previously set up the world’s leading sports data company, Opta, also backed by Albion Ventures. He is joined by two former IMG executives and a technology group borne out of the University of Sussex Innovation Centre.
InCrowd develops mobile apps for professional sports clubs underpinned by the unique technology solution developed by the team at
BlackRock has completed an initial close for its latest renewable power fund, Renewable Income Europe, with EUR275 million in commitments secured from a range of institutional investors from Europe and Asia.
Renewable power generation has been a leading source of investment flow within infrastructure over the last five years. BlackRock expects this trend to continue, increasing the need for capital to finance a rapidly evolving power generation sector.
Rory O’Connor, Head of European Investment for BlackRock Renewables and manager of the fund, says: “Renewable energy has become a mainstream asset class within infrastructure. Demand for renewables in developed countries
2015 was a good year for VCTs in performance terms with the average VCT up 9 per cent to 31 December 2015, whilst the fundraising for the tax year 2014/15 was GBP429 million, the fourth highest ever.
The VCT sector is also meeting investor demands for income, with the VCT sector average yield being 8.6 per cent at 31 December 2015.
However, with rule changes having recently come in to effect, how will these impact VCTs and what is the outlook for the sector in 2016?
Interestingly, VCT fund raising for the current tax year is just slightly
Inverness Graham, a private investment firm based in suburban Philadelphia, has completed the sale of Danville Materials, a manufacturer of consumable restorative products and small equipment for the dental market, to ZEST Anchors, Inc.
This marks the fourth exit for Inverness Graham in the last year and the seventh exit in the last 24 months.
Inverness Graham acquired Danville in December 2013 in a proprietary transaction after a proactive search in the dental industry for consumable product manufacturers. Industry veteran Garrett Sato partnered with Inverness and joined as Chairman and CEO, alongside Danville co-founder, Craig Bruns, who remained as President.
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