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Jersey has an opportunity to diversify its alternative funds capabilities and a growing role to play as a European domicile supporting US fund managers, according to panellists at this year’s Jersey Finance Annual London Fund Conference.
Discussing global opportunities for Jersey, the panel at this year’s conference, which took place on 19 March at 8 Northumberland Avenue and was entitled 'Winning Moves', highlighted that there was real potential for Jersey to build on its strong track record in the real estate and private equity fund asset classes, galvanise its hedge fund offering and diversify further within the alternative asset classes.
Alternative asset manager The Carlyle Group is to acquire a majority stake in assets services firm Conifer Financial Services. Senior management of Conifer will continue to lead the business and own a significant minority interest in the company.
The transaction, terms of which have not been disclosed, is expected to close in the second quarter of 2015 subject to customary closing requirements and regulatory approvals.
Conifer has broad experience in offering front-to-back capabilities across all asset classes for hedge funds, pensions, endowments, foundations, funds of funds and family offices, as well as private equity and venture capital. With more than
iLEVEL has been selected by European private equity firm HgCapital to support the optimisation of their portfolio data management and reporting processes.
HgCapital has assets under management of over GBP5 billion, serving over 100 highly regarded institutional investors, including private and public pension funds, endowments, insurance companies and fund of funds. A staff of more than 100 people in investment offices in London and Munch manage three investment funds.
Amanda Good, Head of the Portfolio Projects team at HgCapital, says: “iLEVEL will streamline our reporting process, enabling us to create reports faster and automate many of the tasks that previously
Wheelhouse has expanded into private equity investing through the newly formed Wheelhouse Capital Partners, which is backed by Global Endowment Management (GEM).
Wheelhouse Capital Partners is looking to acquire lower middle market businesses in the USD10 million to USD30 million range in its two core sectors: healthcare and industrial services.
“After a great deal of preparation, we are proud to incorporate private equity investing into our already unique business model,” says Steve Simpson, Wheelhouse co-founder and managing partner. “This expansion is a natural evolution for our firm and we are pleased to add GEM as a partner.”
After working closely
Social media management platform Falcon Social has closed a fund raising round of USD16 million.
The Series B financing round was led by Prime Ventures and joined by existing Falcon Social investors Northcap and Target Partners, bringing the company’s total financing to date to USD25.33 million. The new financing will help support the company’s product development, innovation and continued global expansion.
Founded in 2010, Falcon Social set out to tackle the social media marketing needs for businesses, a market estimated to grow to USD9.8 billion by 2018 according to MarketsandMarkets. Today, Falcon Social helps over 400 world-renowned companies listen, engage,
Sellers in European M&A deals assumed less risk in 2014 as the region saw a major uplift in M&A deal value, according to a study by CMS, Europe’s largest legal services organisation.
In its seventh annual M&A review, CMS analysed over 2,400 of its non-listed European public and private company deals between 2007 and 2014.
Stefan Brunnschweiler, partner and Global Head of the CMS Corporate/M&A Group, says: “The risk to sellers in European M&A deals has seen a steady decline over the last few years. However, 2014 saw a marked increase in seller-friendly deal structures, in line with the relative
BlueMountain Capital Management has entered into a consulting agreement with Harvard economics professor Jeremy C Stein, who was a member of the Board of Governors of the Federal Reserve System from May 2012 to May 2014.
Professor Stein will advise BlueMountain on a range of issues, including implications of monetary and macroprudential policies, financial regulation and market evolution, and risk and capital management.
"We're very lucky to have the opportunity to work with Jeremy," says Andrew Feldstein, CEO of BlueMountain. "He has been widely recognised by leaders in government, academia and the private sector for his talent and impact.
iAngels has raised a USD2.25 million Seed Round led by Roman Abramovich's fund, Millhouse Capital.
iAngels is the 15th company to successfully raise funds through the iAngels online platform, raising USD1.25 million from some of Israel's most successful angels, and an additional USD1 million from its global community of investors within two days.
"We are very confident in the elite angels we've identified and their ability to spot the winners," says Shelly Hod Moyal, Founding Partner at iAngels. "In fact, we've structured our business model to take the same risk that investors take when they invest in Israeli startups through
Atlas Holdings has acquired Merchants Metals, the second largest fencing manufacturer/distributor in North America, from Oldcastle, the North American arm of CRH plc.
The company manufactures and distributes fencing products for commercial, residential and industrial uses.
"We are pleased to add Merchants Metals to the Atlas family of companies," says Ed Fletcher, Partner at Atlas Holdings. "For over six decades, Merchants Metals has been the provider of choice for thousands of professional fence contractors, architects and quality building retailers. We are extremely impressed with the company's workforce, its strong commitment to safety and passion for success."
Victory Park Capital Advisors (Victory Park Capital) has been retained by newly formed, UK investment company VPC Speciality Lending (VPC) to serve as investment manager.
VPC completed its initial public offering of ordinary shares on the Main Market of the London Stock Exchange on 13 March.
As investment manager, Victory Park Capital will be charged with investing approximately USD300 million in opportunities within the specialty lending market primarily through online lending platforms.
“The significant growth in the specialty lending market through consumer and small business and direct lending electronic platforms and the success of the listing is a
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