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First Trust Global Portfolios Limited (FTGP), a global fund promoter, has launched a new actively managed open-end UCITS fund, the First Trust Tactical High Yield UCITS Fund, managed by its affiliate First Trust Advisors (FTA).
The First Trust Tactical High Yield UCITS Fund seeks to provide current income by investing primarily in high yield debt securities. Its secondary objective is to generate capital appreciation. The Fund may supplement its primary investment strategy with investments in investment grade corporate securities, government securities or exchange-traded funds in order to manage overall credit and duration risk. The fund’s investment approach includes a long/short
Private equity firms have charged hidden fees amounting to USD20 billion to companies, while some of the firm’s partners have sat on the company’s board of directors, according to a new study.
Dr Ludovic Phalippou, Associate Professor of Finance, Saïd Business School and his co-authors Dr Christian Rauch and Professor Dr Mark Umber examined the portfolio fees of 592 US companies worth USD1.1 trillion in total. In a new paper “Private Equity Portfolio Company Fees” they reveal that these companies paid a total of USD20 billion to private equity firms over the last twenty years.
Dr Phalippou said the study
Backstop Solutions Group, a leading provider of cloud-based solutions for hedge funds, funds of funds, private equity funds, pensions and endowments, has appointed Craig Rowland (pictured) as Vice President, Institutional Sales.
As a senior executive in EMEA, Rowland will be responsible for driving Backstop’s overall sales strategy and revenue growth in EMEA, including a focus on the company’s operations.
“We are thrilled to welcome Craig to Backstop,” says Clint Coghill, CEO. “His experience helping firms grow alongside his regional expertise positions us with a strong advantage in the EMEA market. We are confident Craig’s leadership will enable us to
SK Capital (SK), a private investment firm focused on the specialty materials, chemicals and healthcare sectors, is to sell IBA Molecular (IBAM) to funds advised by CapVest Partners LP (CapVest). The transaction is expected to close at the end of Q1 2016.
IBA Molecular is a leading developer, manufacturer and distributor of radiopharmaceutical products and supporting services used in molecular imaging with operations throughout Europe and Asia. IBAM has a unique product portfolio and pipeline of diagnostic and therapeutic tracers aimed at advancing the development of the global movement towards personalised medicine and making molecular imaging/therapy a major discipline in
Now deep into the holiday season, some observers are cautiously optimistic towards the outlook for the retail sector, while others are outright sceptical. At the same time, the private equity community remains interested in retail, believing that the sector can offer the opportunity to achieve scalable growth.
These are some of the observations shared by Burt Feinberg, President, CIT Commercial & Industrial Finance, a division of CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, in “CIT Executive Insights: Commercial & Industrial – Retail Expectations”, the latest piece of market intelligence in the CIT Executive Insights
The EQT Mid Market Investment Strategy (EQT Mid Market) is to partner with management to acquire FocusVision, a provider of highly secure live video transmissions of qualitative research.
Founded in 1990, FocusVision has expanded its offering to become a complete end-to-end technology solutions and services provider. The offering includes end-to-end quantitative survey platforms, focus group and online interview streaming, reporting, project management and more. FocusVision is headquartered in Connecticut and has offices in California, United Kingdom, Brazil, Australia, Bulgaria and Singapore.
EQT Mid Market will support the continued growth of FocusVision both domestically and internationally, through investing in the
Cloudyn, a provider of hybrid, multi-cloud monitoring and optimisation solutions, has closed a USD11 million Series B round of financing led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed [a collaboration of Rafael and Elron Electronics (ELRNF)].
In addition, Cloudyn has announced that Ronen Nir, General Partner at Carmel, will join its Board of Directors.
Cloudyn has tripled its revenue for three consecutive years in addition to doubling personnel. The company's single pane of glass approach provides clarity and actionable insights for optimal cloud management. Currently monitoring more than 200,000
Blackstone has held the final close os its latest global private equity fund, Blackstone Capital Partners VII (BCP VII) at USD18 billion.
Fundraising began in November 2014 and the fund had a record USD15.7 billion first close in May, seven months after launching. There are more than 250 limited partners from 40 countries in the fund. Demand for the fund was significantly in excess of its hard cap of USD17.5 billion. Taken together with Blackstone and its employees’ commitment of USD500 million, BCP VII will have USD18 billion of available equity capital to invest. Blackstone expects to begin making investments
MUFG Investor Services has secured all regulatory approvals for its acquisition of UBS Asset Management’s Alternative Fund Services (AFS) business and the acquisition has closed.
The deal forms part of MUFG Investor Services’ strategy to build a global industry-leading fund administrator. The AFS acquisition raises MUFG Investor Services’ total assets under administration to USD266 billion across 2,300 funds.
Junichi Okamoto, Group Head of Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation says: “AFS is a strategic addition to our business and demonstrates our commitment and ambitions within the fund administration industry. MUFG Investor Services is
The Cayman Alternative Investment Summit (CAIS) has become an authoritative platform for fresh thinking on alternative investing and 2016 is set to raise the bar another notch higher.
Taking place at the Ritz-Carlton Hotel between 4th and 5th February 2016, Grand Cayman, the theme of CAIS 2016 is “Alternative Investments: Supercharged”.
Since its inception in 2012, CAIS has become a key fixture on the event calendar for global alternative fund managers and asset owners and is now widely regarded as the global voice of the alternative industry.
Bringing together the sharpest minds with a host of guest and
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