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Rede Partners, the fundraising and private equity secondaries advisory firm, has expanded its team from 10 to over 20 people since the beginning of last year, on the back of a strong run of closings and an increase in demand for its services.
Since Rede was established in 2011 the firm has built a team of experienced professionals with a focus on hiring the best talent from leading investment banks and private equity firms. Over this same period the team has supported its clients in raising over EUR6 billion of primary capital and divesting c.EUR500 million of secondary interests.
Northern Trust has established a registered investment advisor subsidiary, 50 South Capital Advisors, which will provide investors with customised solutions through its access to private equity and hedge fund managers in the small- and mid-market segments.
Led by Managing Director Robert P Morgan, a 25-year veteran of financial services and private equity, along with a dedicated team of highly experienced investment professionals, 50 South Capital builds on Northern Trust’s history of developing multi-manager strategies for investors. The new company, with $4.3 billion in assets*, is a wholly owned subsidiary of Northern Trust Corporation, and its clients will benefit from increased
Backstop Solutions Group has acquired Cogency Software, a provider of accounting solutions for multi-manager investment firms.
Cogency’s clients are some of the world’s leading Fund of Funds, Endowments, Pensions, Outsourced CIOs, and Family Offices who collectively represent over USD100 billion of assets on the Cogency platform.
With the addition of Cogency, Backstop will further expand its capabilities, particularly in the areas of partnership accounting and portfolio management. Backstop also gains a seasoned team, new customers and two additional offices that increase their footprint in key locations – New York and California.
“We are very pleased about the addition of
Just 20 years ago, exchange-traded funds (ETFs) were novelties. Now, after two decades of explosive growth, they are firmly entrenched in the asset management landscape. Total US-listed ETF assets reached a record-setting USD2.0 trillion at the end of 2014, up from USD1.7 trillion a year earlier, and inflows totaled USD244 billion for the year. European ETFs also saw record flows in 2014; they attracted USD61.4 billion in new assets, more than three times the 2013 total.
It’s certainly true that even in the US, ETFs are a long way from eclipsing open-end mutual funds, which have about $14 trillion in
Trevor Chisholm, Director of Alternative Investments at Intralinks has appeared in a new video on Asset TV. The interview discusses how managers can achieve transparency whilst still maintaining control.
This is becoming something of a juggling act for managers as they grapple with the expectations of sharing more details on their portfolios with investors on the one hand, and maintaining sufficient control over how that information is shared on the other. Cybersecurity is a top-line issue for managers on the back of the SEC’s recently issued Initiative Risk Alert highlighting the importance on information and cybersecurity preparedness.
As Chisholm points
Funds advised by CVC Capital Partners are to acquire Douglas AG (Douglas) from a holding jointly held by Advent International (Advent) and the Kreke family. The purchase price has not been disclosed.
The Kreke family has furthermore agreed with CVC to reinvest in Douglas AG through a joint holding company owned by CVC and the Kreke family. Dr Henning Kreke will continue to serve as CEO of Douglas.
Kreke says: “Over the past two years, Douglas has become the largest specialist beauty retailer in Europe. It is renowned for its clear customer focus, an innovative product portfolio and an impressive
BGF (Business Growth Fund) is launching the largest ever venture capital fund dedicated to earlier stage UK technology companies. The GBP200m fund will be run by a new, dedicated team based in London and will open for business in autumn 2015.
The initial team will be Rory Stirling and Harry Briggs, both of whom bring extensive venture experience from MMC Ventures and Balderton Capital respectively, and Simon Calver, former chief executive of LOVEFiLM. BGF will provide £200m of investable capital as well as support from its established regional platform, meaning the team can focus on investing in Britain’s best entrepreneurial
Neuberger Berman has formed a strategic partnership with Intesa Sanpaolo to pursue direct investments in Italian companies.
As part of this cooperation, Marco Cerrina Feroni and Fabio Canè, who previously led Intesa Sanpaolo’s merchant banking and private equity operations, and several members of their team, have joined Neuberger Berman together with Stefano Bontempelli, a former Managing Director at Neuberger Berman’s European Private Equity business who has rejoined the firm. The three senior partners and their team will continue to be based in Milan and they will be part of the global Private Equity Division headed by Anthony Tutrone, Global Head
Wilson Sonsini Goodrich & Rosati, a provider of legal services to technology, life sciences, and growth enterprises worldwide, has appointed Dan Ouyang as a partner in the firm's corporate and securities practice.
Formerly a partner at Paul Hastings, Ouyang brings extensive experience with US and Hong Kong capital markets, bond offerings, and private equity and M&A transactions. She will be based in the firm's Beijing and Hong Kong offices.
"Our Greater China practice has grown steadily for some time, encompassing a wide variety of matters for China and US-based clients, including private equity, IPOs, public and private M&A, going-private transactions,
The FiveTen Group has accepted an offer from ManpowerGroup Australia for its Australian and Singaporean recruitment business.
The FiveTen Group comprises five specialist recruitment brands – Antal Russia, EMR (Marketing, Digital & Communications), Laurence Simons (Legal & Compliance), Marks Sattin (Accountancy & Finance) and Greythorn (Technology).
The sale primarily includes its Greythorn operations across Australia – in Canberra, Melbourne and Sydney – as well as the Singapore business.
Mark Carriban, CEO, FiveTen Group, says: “The sale largely comprises our Greythorn technology recruitment business across Australia and Singapore, which addresses differing technology markets, and clients, than our remaining Greythorn
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