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The Sterling Group, a middle market private equity firm based in Houston, Texas, has closed on USD1.25 billion in investor commitments for its most recent fund, Sterling Group Partners IV.
Fund IV was oversubscribed and reached its hard cap in three months. Consistent with Sterling's successful 33-year history, Fund IV primarily will target corporate carve-outs and family businesses in the industrial sector of the middle market.
The substantial majority of Fund IV's capital was committed by returning investors. Sterling welcomes a select number of new investors.
"The Sterling team is pleased by the significant demand for Fund IV
Hedge funds are on track to deliver solid returns in July, up 1.4 per cent month to date (0.4 per cent last week). In line with our overweight recommendation, CTAs and Global Macro managers outperformed other hedge fund strategies. Meanwhile, Event-Driven managers underperformed both last week and on a month-to-date basis, in line with our downgrade of the strategy from overweight to neutral early June.
Marwyn Value Investors (MVI) has entered into a conditional placing letter to subscribe for a further GBP55.0 million of new ordinary shares in Zegona Communications as part of the placing of new ordinary shares to fund the proposed acquisition of Telecable Capital Holdingand its subsidiaries.
This would increase the MVI Master Fund’s total investment in Zegona to GBP67.0 million (including its initial investment in Zegona in March 2015). The aggregate value of the investment attributable to the Company, including the initial investment in Zegona in March 2015, represents approximately 28.4 per cent of MVI’s NAV (as at 17 July 2015,
The ‘flowers through the letterbox’ gifting companyBloom & Wild has has raised a GBP2.5m Series A funding round, led by MMC Ventures, alongside existing angel investors including Samos, Catamaran Ventures and Scott Sage.
Launched in 2013 by Aron Gelbard and Ben Stanway, Bloom & Wild have developed a unique flower brand, centred around award-winning letterbox packaging to enable a bouquet of freshly cut and beautifully presented flowers to be delivered through any standard letterbox. Based in South-West London, the team now deliver thousands of flower bouquets around the whole of the UK every week, including the option of monthly subscription
Charles River has relocated to a new office in Tokyo to support continued growth in the Japanese market and meet increased client demand for the Charles River Investment Management Solution (Charles River IMS) delivered as a hosted service.
“Charles River has provided clients in Japan with on-the-ground support since 2007,” says Cameron Field, Managing Director Asia-Pacific, Charles River. “Our new, expanded office is in direct response to growing market demand for the full breadth of our service offerings. We’ve significantly increased our staff of local sales and managed services experts, and our new premises in the heart of Tokyo’s financial
GSR Capital is launching a new USD5 billion mergers and acquisitions (M&A) fund, which will target cross-border buyouts and M&A of industrial and emerging technology companies with multi-billion dollar scaling opportunities in China.
The GSR Global M&A fund is anchored with USD1billion committed from GSR GO Scale Capital Limited Partners and institutional investors. The fund will be managed by GSR GO Scale Capital Advisor Ltd., the management company of the GSR GO Scale Capital Growth Fund, and intends to work closely with Good Resources Holdings Limited (HKEX: 00109) on management of all M&A deals with leverage of financial instruments, including
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
Nearly a third of UK-based finance professionals feel under pressure to compromise their ethical standards, according to a report released today by the Chartered Institute of Management Accounts (CIMA).
The third annual ‘Managing Responsible Business’ report, which polled 2,498 professionals across the world, found that the proportion of UK-based workers reporting such pressure jumped from 18 per cent in 2012 to 30 per cent in 2015. Worryingly, a fifth (21 per cent) of respondents agreed those who report concerns about unethical behaviour are seen as troublemakers by management.
The top causes of pressure to compromise standards of ethical business
The Northleaf Venture Catalyst Fund (NVCF) has held its final closing achieving its maximum fund size of USD300 million.
The Fund's final closing included new commitments from Sun Life Financial and a number of high net worth and family office investors, as well as additional commitments from existing NVCF investors. As part of Northleaf’s broader global private markets investment business, the successful closing of NVCF brings Northleaf’s total capital commitments to approximately USD6.9 billion.
”Northleaf Venture Catalyst Fund is the first fund under the Federal Government’s Venture Capital Action Plan to reach its maximum fund size – and we are
Following-up on its first closing held in January at EUR160 million, BlackFin Capital Partners is on track to reach its “hard- cap” amount of EUR400 million before the end of 2015.
Current commitments stand at an aggregate amount in excess of EUR300 million, both from investors in BlackFin’s first fund, such as Bpifrance (French Investment Public Bank) and Unigestion, but also from new institutional relationships such as the European Investment Fund.
Laurent Bouyoux, Managing Partner of BlackFin Capital Partners, says: “We are proud to have achieved such a high level of interest for our second fund. This strong support
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