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Clearpool Group has received an USD8 million investment from growth equity firm, Edison Partners. Clearpool is an, electronic trading software development and agency execution business, serving the institutional sell-side and professional trading firms.
“Our business has recorded a significant influx of new clients this year because we are providing tools in the cloud that enable them to gain control in their electronic and algorithmic trading infrastructure,” says Clearpool Group CEO, Joseph Wald. “This minority investment from Edison Partners validates our value proposition and capabilities. It will also act as an accelerant for faster development of technological solutions demanded by our
Värde Partners has announced senior management changes and the opening of new offices in New York, Tokyo and Sydney as part of a strategic plan to build out its global investing platform across a range of asset classes and liquidity profiles.
Co-founder Marcia L. Page, currently co-CEO/CIO, will become Chairman, and George G. Hicks will remain as Värde Partners’ sole CEO/CIO, effective 1 January, 2016. Bradley P Bauer will remain President.
“Founded on the premise of unlocking incremental value from complex situations, Värde Partners has grown over the last 20 years to become a diverse and global investment adviser
Main Street Capital Corporation has purchased an equity stake in fixed-income, alternative investment firm Looking Glass Investments (LGI) and invested directly in private investment vehicles managed by LGI.
“By any measure, Main Street is a top-tier business development company and their investment represents an important recognition of what we have accomplished,” says Matthew O’Malley, President and Chief Operating Officer. “Main Street’s investment capital will be used to support the ongoing development of our underwriting technology, our data management, and our rigorous investment research process managed by our team of Ph.D. economists.”
“We are pleased to become a strategic partner
Milbank, Tweed, Hadley & McCloy has advised private equity firm Farol Asset Management and a group of investors in acquiring a minority stake in the women’s designer ready-to-wear apparel company Cushnie et Ochs.
New York-based Corporate partner Brien Wassner led the Milbank team on the deal, which closed on 18 November.
Founded in 2011, Farol is a private equity firm that provides direct and co-investment solutions to leading institutional investors worldwide. The firm manages USD250 million in capital and, working alongside experienced operators, investors and funds, invests in a broad range of industries including, but not limited to apparel, consumer
Fried Frank’s new London-based asset management team has advised BlueBay Asset Management (BlueBay) on the raising of its Direct Lending Fund II, which has exceeded its revised target of EUR2 billion, completing the fund-raising in less than a year.
This Fund builds on very strong support from existing investors with over 80 per cent of its predecessor fund investors’ committing to the Fund. The Fund also attracted new investors globally.
This Fund is BlueBay’s second generation Private Debt fund, and BlueBay’s Private Debt business, headed by Anthony Fobel, now manages in excess of EUR4 billion of AuM in Private
Aurelius Group has acquired Allied Healthcare, the UK’s largest domiciliary care business and a provider of outsourced healthcare services to the English primary care sector, from Saga.
The assets of Allied Healthcare acquired by Aurelius comprise the following businesses:
Visiting – largest provider of domiciliary care by market share and a provider of complex care services in the home to individuals with critical needs, commissioned by both Local Authorities and Clinical Commissioning Groups (CCGs).
Primecare – A provider of outsourced primary healthcare services, such as out-of-hours GP services, walk-in centres and dental practices, on behalf of public sector
The announcement that China will join the reserve currency basket of the International Monetary Fund is only one aspect of a process that could channel up to USD3 trillion (USD4.2 trillion) into the country, according to AllianceBernstein (AB).
While the development is beneficial for China in the long term, the management of such large flows could cause some short- and medium term challenges for Chinese financial authorities.
“Capital flows arising directly from this development will be relatively small in themselves, at around USD40 billion,” says Hayden Briscoe (pictured), AB’s Managing Director – Asia Pacific Fixed Income.
“But it’s
Omnes Capital and Fonroche Géothermie have signed a partnership agreement for the development, construction and operation of deep geothermal energy generation projects in France.
Since 2010, Fonroche Géothermie has developed a fully integrated approach and ambitious industrial plans for developing geothermal energy projects in France. This strategy is supported by a team of specialists in geoscience, drilling and surface mining.
Geothermal energy is a natural and competitive renewable energy source that can supply electricity and heating locally 365 days a year.
Having obtained seven exclusive operation permits in France, Fonroche Géothermie is planning to invest more than EUR400
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution.
Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.
"The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
International law firm Simmons & Simmons has advised Funding Circle SME Income Fund Limited on its placing and offer for subscription of GBP150 million ordinary shares in the Company, the establishment of a GBP350 million share issuance programme, and the Company’s admission to the premium segment of the official list and trading on the LSE’s main market.
The prospectus relating to the Issue was released on Thursday 12 November and Admission occurred this morning.
The Funding Circle group operates marketplace lending services which allow investors to lend money directly to small and medium sized businesses (SMEs). Funding Circle is
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