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This extract from the Preqin Investor Outlook: Alternative Assets, H2 2015 features data gathered in our latest investor interviews (conducted June 2015) and focuses on hedge fund investors’ plans for the coming year.
A larger proportion of investors plan to invest less capital in hedge funds over the next year than are planning to invest more capital in the asset class (Fig 1). The failure of hedge funds to meet investors’ expectations, in terms of performance, over the past 12 months may have contributed to the reluctance of many investors to put more money to work in the asset class in the year to
BNY Mellon, a global leader in investment management and investment services, has been appointed account bank for Activate Capital lending platform (Active Capital), a EUR500 million home-building joint venture between the Ireland Strategic Investment Fund (ISIF) and KKR.
Activate Capital will help increase Ireland’s housing supply by lending to Irish residential development projects. It will be capable of financing the construction of over 11,000 new homes in Ireland and create an average of 1,900 full-time jobs per annum. The new platform will lend on a commercial basis to projects, providing home-building companies with cost effective loans for up to 90
Talem Africa (Talem) has bought 100 per cent of the shares of Silver Food, the largest fish canning facility in Morocco, and its two wholly-owned subsidiaries SOPCODA and Silver Fishing.
The three companies were part of Anouar Invest, a Moroccan family-owned conglomerate.
Founded in 2004 and based in Casablanca, Morocco, Silver Food is an industry leader producing and selling canned tuna, mackerel and sardines, under three brands – Mario, Silver and Atlanta. Half of its sales are within the Moroccan market, with the other half set for export to other parts of Africa, the Middle East, Europe and the United
Wakefield headquartered Prism Medical, a manufacturer and provider of specialist mobility and handling equipment, has completed the acquisition of Smirthwaite Limited for an undisclosed sum.
The deal with Smirthwaite represents the fourth acquisition completed by Prism Medical since the GBP30million MBO supported by LDC in April 2014. During LDC’s tenure, Prism Medical's staff numbers have grown by 130 people as a result of acquisitive and organic growth, with the business now employing a total of 430 people.
Prism Medical is the market leader in the provision of moving & handling solutions that enable the mobility disadvantaged to live at home
Investec Specialist Bank (Investec) has added to its Growth and Acquisition Finance team with the appointment of Steven Ive as an originator. He will report to Gary Edwards, and focus on Asset Based & Cash flow lending to drive growth amongst mid-market companies.
Ive joins from GE Capital Bank (GE) where he was a regional director. During his time at GE Steven was responsible for the development and growth of the GE Asset Based Lending offering in London and the South East. Prior to this Steven spent 6 years at Barclays across a variety of the banks divisions, most recently
Arma Partners acted as exclusive financial advisor to JT Bioscopen, the second largest cinema chain in the Netherlands, and its selling shareholder on JT’s sale to Vue International.
JT operates 21 cinemas and 111 screens across the Netherlands. The Company is a leader in technical innovation in the global movie exhibitor sector. In December 2014, JT was the first exhibitor in the world to launch the cutting-edge Dolby Cinema format and, prior to this, was one of the first exhibitors to introduce laser projection and Dolby Atmos sound technology. The acquisition of JT reinforces Vue’s strategy to be at the
Scottish Enterprise’s investment arm, the Scottish Investment Bank (SIB), invested GBP66.5m into 155 Scottish companies during 2014/15, leveraging a record private sector investment of GBP99m.
SIBs investment has more than doubled the amount invested during the previous year, and sees a total of 46 new companies being added to Scottish Enterprise’s investment portfolio.
The organisation has also revealed that it generated over GBP9.5m of income from its investment activities.
Scottish Enterprise also invested an additional GBP6.2m, alongside other investors, into the Scottish Loan Fund, managed by Maven Capital Partners, which lent to twelve established SMEs with ambitious growth plans.
Kerry
Following an initial announcement in July, JTC has formally completed its acquisition of Kleinwort Benson’s Fund Administration business, taking the company’s global headcount to over 450 staff.
Completion follows receipt of approvals from the relevant regulatory authorities and sees JTC add to its existing operations in the Channel Islands, as well as giving the company its first permanent presence in South Africa. The deal also brings JTC’s total Assets under Administration (AuA) to USD56 billion and bolsters its specific strengths in private equity, real estate and debt funds.
Nigel Le Quesne (pictured), Group CEO & Chairman, says: “The conclusion of
Markit, a provider of financial information services, is to acquire DealHub, a provider of trade processing and trading services to the foreign exchange market.
The acquisition will enable Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. It will also expand Markit’s customer base among banks, brokers and asset managers in the FX markets.
Brad Levy (pictured), managing director and head of Markit’s Processing division, says: “DealHub is a great company and highly complementary to Markit’s growing FX processing business. This acquisition adds depth to our FX
Keeley Asset Management is to transfer the voting shares of its parent company, Joley Corp (Joley), to TA Associates (TA).
In addition to TA's ownership, certain KAMCO employees will be participating with TA as non-controlling equity owners. The transfer is subject to the satisfaction of certain regulatory approvals and is expected to be completed in September 2015.
In July 2008, KAMCO completed a minority leveraged recapitalisation with TA, a leading global growth private equity firm with a strong track record of successful investments in the asset management industry.
"We were excited in 2008 to engage TA's proven asset management industry
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