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NorthEdge Capital, the Manchester-based private equity firm, has strengthened its team with the appointment of John Rastrick as Partner in its Leeds office.
Rastrick will be joining NorthEdge after the summer period with effect from 1 September 2015 and will lead the firm’s investment efforts in Yorkshire and the North East.
A qualified lawyer, Rastrick was previously Investment Director at 3i, before moving to Phoenix Equity Partners, where he was Partner for eight years. In this time, John was instrumental in establishing the firm’s Northern presence, opening offices in Yorkshire and the North West.
Rastrick says: “NorthEdge has
We take a detailed look at the hedge fund industry in Singapore, including investors in hedge funds, the number of hedge fund launches each year, fund terms and conditions and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on Singapore-based hedge funds.
Intelligent Highway Solutions has entered into a Private Equity Line Financing for up to USD5,000,000.00, subject to terms and conditions.
"This news is great for our shareholders and the timing is perfect," said Devon Jones, CEO of IHSI. "This type of financing is excellent for our company because it has no downward convertible mechanism and it gives us what we need to accelerate the execution of our business plan."
Law firm Howard Kennedy has strengthened its Commercial Finance Group with the appointment of new partner Marcus Jamson (pictured).
Jamson joined the firm on 3 August from Wedlake Bell, where he was a partner in its banking team. He was until January 2014 a partner at Berwin Leighton Paisner for 14 years in its finance team.
He brings to the firm expertise in domestic and international corporate lending and has over 20 years experience in acting for a wide range of market participants including leading clearing banks, financial institutions, investment banks, private equity sponsors, senior and junior lenders, strategic investors,
The New York office of global law firm K&L Gates LLP has added Edward Dartley as a partner in the firm’s investment management, hedge funds and alternative investments and private equity practices. He joins K&L Gates from Pepper Hamilton LLP.
Dartley’s practice encompasses many areas across the asset management industry, with particular focus on alternative investment asset classes, private equity and venture capital funds, and managed accounts, as well as regulatory, compliance, and operational matters and compliance audits. Previously a former counsel and chief compliance officer with a registered investment adviser with several billion dollars under management, he has extensive
Arise AB has entered into an agreement with a fund managed by Allianz Capital Partners (ACP), for the sale of the construction-ready 33 MW Mombyåsen wind farm.
In addition to the sale, Arise will deliver civil and internal grid works under a turn-key contract as well as manage the construction, and once operational, operate the Project on behalf of ACP through asset management agreements.
As a result Arise estimates to receive revenues under the various contracts relating to the sale and construction phase with a corresponding positive earnings impact of approx. 33 MSEK in 2015 and 2016, combined. Arise will
Institutional asset owners recorded a median gain of 0.2 per cent in Q2, according to Northern Trust Universe data. This marks a drop from the 4 per cent median gain in the second quarter last year and 2.3 per cent median gain in the previous quarter.
The Northern Trust Universe tracks the performance of about 300 large US institutional investment plans, with a combined asset value of approximately USD899 billion, which subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.
There was a noteworthy divergence of returns among plan types in the second quarter of 2015.
ESMA’s latest advice concludes that no obstacles exist to extension of AIFMD passport to Guernsey and Jersey, says Andrew Whittaker (pictured), Managing Director, Ipes Guernsey…
The European Securities and Markets Authority (ESMA) has published its advice in relation to the extension of the Alternative Investment Fund Managers Directive (AIFMD) passport to non EU jurisdictions.
The ESMA advice concludes that "no obstacles exist to the extension of the passport to Guernsey and Jersey." Their advice will now be considered by the European Commission, Parliament and Council.
The AIFMD passport is already available to EU entities. Non EU Alternative Investment Fund
American Capital is to launch American Capital CLO Fund I, LP, a new USD450 million fund focused on investing in equity tranches of collateralised loan obligations (CLOs).
Closing of the Fund is expected to occur within 90 days and is subject to standard conditions. The transaction further expands American Capital's asset management business and will increase American Capital's third-party earning assets under management by USD450 million, or 3 per cent.
The Fund, which will be comprised entirely of third party investors, will purchase USD300 million of American Capital's existing CLO equity portfolio at its fair value as of 30 June,
Ogier has acted for Golden Star Resources in connection with its USD150,000,000 financing obtained from Royal Gold.
The USD150,000,000 financing consists of a USD20,000,000 term loan from Royal Gold, Inc. and a USD130,000,000 stream transaction with Royal Gold, Inc.’s wholly-owned subsidiary, RGLD Gold AG.
Golden Star Resources Ltd is an international gold mining and exploration company producing gold in Ghana, West Africa. The financing will facilitate the development of the company’s Wassa and Prestea underground mines located in Ghana.
Ogier worked with Fasken Martineau, Canadian counsel to Golden Star Resources. Managing associate James Heinicke, partner Bradley Kruger and associate
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