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A month after being granted a licence to provide professional depositary services from its Luxembourg office, Elian has appointed Kerstin Lindgren (pictured) as manager of depositary services in the firm's funds depositary team.
Lindgren’s main focus will be to develop the depositary services offering for alternative investment funds in Luxembourg.
Lindgren has 15 years’ experience in the investment fund industry, particularly in depositary, global custody and stock lending services. She has previously held roles with Skandinaviska Enskilda Banken (SEB) in Stockholm and Luxembourg. Before joining Elian she was head of custody services at SEB SA, where she worked for more
US Capital Advisors (USCA) has formally launched its third division, USCA Asset Management. The firm has simultaneously launched its flagship energy investment vehicle, the USCA Private Energy Credit Fund, which will provide direct loans and other bespoke credit solutions to higher quality, lower middle market-sized private energy companies in need of growth capital.
Paul Tice joins USCA as a Senior Managing Director and Head of the Energy Capital Group at USCA Asset Management. Tice will be overseeing the firm's private energy fund business and will be the manager of the firm's new Private Energy Credit Fund. Tice will report directly
Tenable Network Security has raised USD250 million in a series B funding round led by Insight Venture Partners and Accel.
The investment, which is subject to customary closing adjustments, marks one of the largest fundraising rounds completed for a private security company and is expected to accelerate Tenable’s long-term global growth. Today’s funding marks USD300 million in capital raised to-date, following Accel’s USD50 million Series A investment in September 2012.
“Tenable has the only true continuous network monitoring offering on the market and our products defend some of the world’s largest and most complex networks, keeping our customers secure in
LA_based private equity fund Balmoral Funds has acquired Enesco, a designer, developer, and distributor of consumer products to a wide variety of specialty card and gift retailers, home décor boutiques, as well as national retail chains and direct- to-consumer retailers.
“We are excited to welcome Enesco to the Balmoral Fund family of consumer product companies,” says Jonathan Victor, Senior Managing Director at Balmoral. “The Company’s portfolio includes highly recognized company-owned brands, such as Gund, Department 56, Our Name is Mud, and Gregg Gift, as well as iconic licensed brands like Jim Shore, Disney, Britto, and Peanuts.”
Balmoral Funds also announced
Carey Olsen has advised Gravis Capital Partners on the initial public offering (IPO) of a new GBP100 million Jersey fund, Project Finance Investments Ltd, which is now listed on the main market of the London Stock Exchange.
The company’s project finance investments will be largely UK-based, medium-to-long-term fixed or floating rate loans secured against cash flows and/or physical assets; its objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.
Carey Olsen partner Robert Milner (pictured) says the IPO and listing on the London Stock Exchange (LSE) main market
Stifel Financial Corp is to acquire Eaton Partners, an independent, partner-owned hedge fund and private equity fund placement and advisory firm.
Eaton's extensive relationships with private equity firms, hedge funds, high net worth family offices, and institutional investors is a growth opportunity for Stifel to leverage both its investment banking platform and its high net worth private client business, which will include the previously announced Barclays Wealth Americas business upon closing in the fourth quarter of 2015.
Eaton has over 60 employees across six offices and relationships with over 4,000 of the largest active institutional investors. Since Eaton's inception
Cowen Group has made three senior hires at Copwen & Co with Michael Wildish, who is based in New York, joining the firm as Managing Director, Mergers & Acquisitions, Iain Franks as Managing Director and Head of Convertible and Equity-Linked Products, and Eric Grant as Managing Director and Senior Trader, Convertible and Equity-Linked Products. Franks and Grant are based in San Francisco.
“We continue to opportunistically enhance our investment banking capabilities in ways that complement our areas of strength,” says Kevin Raidy, Head of Investment Banking. “Our senior bankers have strong client relationships in equity and debt capital markets. With
New York-based alternative investment firm Angelo, Gordon & Co has appointed Jenny Morton (pictured) as a Managing Director, Head of Consultant Relations.
”Angelo Gordon is excited to create this new position,” says Garrett Walls, Global Head of Marketing. “As the consulting firms we work with evolve it is very important to understand each individual firm’s needs and the needs of their clients. With Jenny’s 25-plus years in the industry, most of which has been focused working with consultants, she is well-equipped to address this challenge.”
Morton says: “I have known of and respected Angelo Gordon for many years and
Solar Capital has chosen Ultimus Fund Solutions to provide fund accounting support for the firm’s Business Development Companies (BDCs) as well as middle and back office support for its growing Separately Managed Accounts (SMA) business.
Solar will utilise Ultimus’ experience and technology to add efficiencies to the firm’s fund accounting and reporting for complex investment classes, including middle market senior secured loans.
Under the terms of the agreement, Ultimus will provide fund accounting for Solar Capital’s funds, including certain processing services related to bank debt investing. Ultimus will also provide fund accounting and other middle office services to support
Munich-based venture capital firm Target Partners has made a EUR3.5 million Series A investment in Sicoya, a developer of integrated silicon photonics based microchips for optical interconnects.
Mobile devices, social networking, cloud computing and other applications like virtual reality technologies all require scalable data centres to keep pace with the ever-increasing demand for fast, reliable and cost-effective data interconnects.
Sicoya’s unique product solutions comprise novel patented modulator concepts and co-integration of ultra-small optical and electrical circuits into one single chip. This ‘next generation’ technology is ideally suited to allow scalable, reliable and power efficient data interconnects outperforming legacy copper
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