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JP Morgan Asset Management Global Real Assets (GRA) has launched Tactical Direct Investments (TDI), a dedicated cross-real assets group.
Under the leadership of Avik Mukhopadhyay, Head of Global Real Assets Tactical Direct Investments, the TDI team will help clients access new opportunities by leveraging the global investment capabilities of the USD82 billion in AUM GRA platform and GRA's long and successful track record of direct investing. GRA currently manages or advises more than USD17 billion of direct and co-investment transactions globally on behalf of clients.
"Institutional investors are increasingly seeking to complement their real asset fund holdings with direct investments.
Victory Park Capital (VPC) has secured a USD51 million credit facility from GE Capital, Franchise Finance and Citizen’s Bank to refinance existing VPC debt and fund long-term growth initiatives of Giordano’s pizza restaurant chain based in Chicago.
The credit facility will contribute to corporate and franchise expansion in key markets outside of Chicago and help fund the development of business enhancements impacting Giordano’s growth strategy.
“We were impressed with GE Capital’s proven reputation as one of the largest lenders in the restaurant finance sector and are confident they will offer strategic value to the overall growth strategy for Giordano’s,”
Le Duff Group, headquartered in France, has acquired the majority of the shares in Kamps GmbH from German Equity Partners III (GEP III), a fund managed by ECM Equity Capital Management (ECM).
The acquisition strengthens its presence in the German quick service gastronomy and bakery market. As part of the envisaged transaction, the Kamps management team, headed by CEO Jaap Schalken, will reinvest into the company and continue to lead Kamps on its growth path as well as support the expansion of Le Duff Group in the German market. The transaction is still subject to approval from the relevant antitrust
To what extent have UCITS and AIFMD created market harmonisation and allowed cross-jurisdiction selling? Answers provided by Christopher Jehan of the Guernsey Investment Fund Association.
Question: How widespread is the ability of a fund in one jurisdiction to sell into another or do for example, non-EU managers struggle to access the European investor base?
Christopher Jehan: To take that in reverse I would say that yes, non-EU managers still struggle to access the European investor base. The advent of the Alternative Investment Fund Managers Directive (AIFMD) has certainly improved that for institutional investors but is still limited because the third
Guernsey is at the forefront of standards on tax transparency and information exchange, according to Tony Mancini, Head of Tax at KPMG in Guernsey.
Interviewed by Caroline Hyde on Bloomberg’s Countdown show, Mancini was questioned on how Guernsey was responding to calls for the Crown Dependencies of Guernsey, Jersey and the Isle of Man and other British Overseas Territories to establish public registers of offshore firms. Mancini responded by pointing out that the steps already taken by Guernsey put it ahead of others, including the UK.
“If you are a UK resident or anywhere [else] for that matter and you
Private equity firm M/C Partners has invested in and acquired a majority interest in Denovo, a provider of ERP cloud hosting, consulting and managed services.
The financing will enable Denovo to make acquisitions and invest in the development of its cloud and managed services offerings while providing liquidity for its founders. The terms of the transaction were not disclosed.
"We envision Denovo playing a leading role in consolidating ERP consulting, managed services and hosting providers serving small to medium enterprises," says Gillis Cashman, a managing partner at M/C Partners. "Denovo has built a strong brand in the JD Edwards community
Mesirow Advanced Strategies has named Mark Kulpins as co-chief investment officer (Co-CIO).
Kulpins will work alongside Steve Vogt, who previously served as sole chief investment officer. “We’re pleased to recognise Mark’s valuable contributions to the investment team and to our investment performance,” says Tom Macina, chief executive officer of Mesirow Advanced Strategies, Inc.
In his role as co-CIO, Kulpins will continue to manage the teams responsible for hedge fund research and portfolio management, while Vogt will continue to focus on macro level analysis, strategy allocation, and portfolio research.
“Mark and I have worked together for over a decade, and
DPI has successfully closed its second fund, the oversubscribed ADP II fund, at USD725 million significantly surpassing its USD500 million target.
The ADP II investor-base includes corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from across the US, Europe, Middle East and Africa with significant interest from US investors, which currently make up just over 40% of its limited partner base.
ADP II is pursuing a broadly diversified strategy across industries that benefit from Africa’s growing middle class including the financial services, healthcare, education, construction, logistics, telecoms and consumer goods
STAR Capital Partners has continued its consolidation of the SME asset finance market after completing the acquisition of Ignition Credit, an independent asset and vehicle finance provider to UK SMEs.
STAR Asset Finance’s broader strategy is to provide a significant alternative source of finance for SMEs, the engine room of the UK economy
Having been established just nine months ago, STAR Asset Finance is set to arrange over GBP90 million of financing for 1000s of SMEs, over the course of 2015
STAR Capital Partners (STAR), a leading European fund manager, announces today that it has acquired Ignition Credit
bfinance has made two new appointments to its investment teams – Witold Witkiewicz joins as a Director in Private Markets and John Amoasi joins as a Senior Associate in Fixed Income.
Prior to joining bfinance, Witold was a portfolio manager, co-managing the funds of Aeriance Investments, a European real estate debt platform with transactions in excess of EUR1bn. He also managed a discretionary long/short account of global REITs equities which was ranked in the top 10 globally in its category by BarclayHedge. Prior to that he was Head of European Credit at Woodbourne Investment Management, a US based hedge fund
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