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CAIS, an alternative investment platform for the independent wealth management industry, and investment consulting specialist Mercer, have added institutional private equity to the CAIS platform.
For over 30 years, Mercer has advised top institutions allocating more than USD22 billion across private equity, venture capital and real estate investments. Now, through the CAIS platform, RIAs and family offices can access Mercer's strategy recommendations, due diligence summaries on selected funds, and an active menu of investable third party funds. Additionally, Mercer will provide access to their proprietary multi-manager fund through CAIS.
Mercer's private equity research team actively follows over 500 fund managers
Limited partners are asking for more frequent, transparent reporting from private equity managers and are increasingly assessing a GP’s operations as part of their investment criteria.
The fall-out of the global credit crisis is still being felt within the alternative fund management industry and whilst transparency has been a key theme in the private equity industry in recent years, private equity firms are still finding their feet as to how to meet investor demands.
More reporting please
“LPs have increased the frequency, detail and volume of reporting requests” says Giles Travers (pictured), Director, Alternative Investment Funds at SEI Investment Manager
The Russian Direct Investment Fund (RDIF), the Government of the Republic of Karelia, Nord Hydro, the China Railway 24th Bureau Group and China Civil Engineering Construction Corporation, subsidiaries of the China Railway Construction Corporation, are to invest in constructing small
hydropower plants in Karelia.
The agreement was signed today during the St Petersburg International Economic Forum.
Under the agreement two small hydropower plants, Byeloporozhskaya HPP-1 and HPP-2, will be constructed, each with a capacity of 24.9 megawatts (MW). The project aims to create new, renewable and environmentally friendly energy sources to efficiently develop the Republic of Karelia’s power system.
Ares Capital Corporation and Varagon Capital Partners are establishing a new joint venture that will make senior secured loans to middle-market companies.
The new joint venture will be called the Senior Direct Lending Program (SDLP). The SDLP will work to follow on with the success that Ares Capital enjoyed with its previous senior loan joint venture, the Senior Secured Loan Program (SSLP), with GE Capital.
“As a long-term investor, AIG is attracted to the strong investment fundamentals of middle-market credit. Varagon’s new relationship with Ares Capital and our partnership with Varagon will provide AIG with direct access to the best
Markit has launched an Alternative Investment Fund Managers Directive (AIFMD) external valuer service providing independent valuations for alternative investment fund managers.
Markit’s aim is to help customers address the statutory and policy requirements of fund managers, regulators and investors for independent calculation of prices used in determining net asset valuations.
Massimo Catizone, chief executive officer, Athena Capital, says: “We were looking for a cost effective external valuer service which meets AIFMD requirements and allows us to focus on the management of our fund. We are pleased with the support and quality of the services provided by Markit in each
Djenee, a start up focused on a personal on-demand digital concierge service, has raised almost SGD500,000 on the first day of a crowdfunding campaign on FundedByMe, setting a new record for equity crowdfunding in Asia.
Investor interest in Djenee (pronounced Genie)Dcomes hot on the heels of Magic, a similar service based in the US, which recently raised money at a US$40million valuation just after six months of operations.
“We’re extremely excited about partnering with Djenee to raise their very first round of funding, which broke records for Asia and with investors from all around the world. This is a
Polaris Private Equity has acquired TRIAX, a provider of solutions for the reception and distribution of TV, radio and internet, from Nielsen & Nielsen Holding.
TRIAX’ products and solutions are used by broadcasters, cable operators, local networks and private households.
Through its newly established fund, Polaris IV, Polaris has signed a definitive agreement, subject to customary regulatory requirements and approvals, to acquire all outstanding shares of TRIAX. With more than 60 years of experience within the industry, TRIAX is widely associated with high-quality products, durability and a high level of customer service. With its headquarters in Denmark, as well as
Ogier has acted for Capita Asset Services in connection with the restructuring of the General Healthcare Group. GHG owns BMI Healthcare which is one of the UK’s largest private hospital groups.
The two yearlong restructuring involved over 30 BVI entities and the restructuring of GBP 1.65 billion of loan financing including existing swap positions and senior loans held by a syndicate that included two separate CMBS transactions.
Ogier worked with Paul Hastings LLP, London who led the negotiations for Capita as the servicer for the senior lenders. Managing Associate, Chris Newton, and Partner Ray Wearmouth advised over the life
ClusterSeven, a provider of solutions to manage corporate spreadsheets and other end-user computing (EUC), has secured new finance from private equity firm Azini Capital Partners (Azini).
Azini has acquired 100 per cent of ClusterSeven and will be providing additional investment to promote high quality and wider customer engagement.
Surveys by auditors and analysts repeatedly show that over 70 per cent of businesses are dependent on spreadsheets to deliver key financial information. ClusterSeven was founded to help businesses cope with this dependence. Its unique technology allows financial institutions and businesses to validate, analyse and control the use of business-critical spreadsheets
An affiliate of private equity firm KSL Capital Partners has completed the sale of the Malmaison and Hotel du Vin hospitality chains to an affiliate of Frasers Hospitality UK Holdings Limited.
Malmaison and Hotel du Vin will join Frasers Hospitality’s three award-winning serviced residence offerings – the Gold-Standard Fraser Suites, Fraser Place and Fraser Residence – as well as Modena by Fraser, a modern lifestyle brand targeted at young executives constantly on the go, and Capri by Fraser, a design-led hotel residence aimed at the business traveller.
“We are grateful to have been a part of Malmaison and Hotel du
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