Latest News
Investec Wealth & Investment (IW&I) has raised its allocation to alternative investments, specifically hedge funds, absolute return funds and defensive structured products, in a bid to ensure a balanced portfolio.
IW&I believes less correlated investments will provide a greater opportunity for outperformance over the next 18 months.
IW&I’s Asset Allocation Committee (AAC) has recommended raising the allocation to alternatives by 2%, at the same time as decreasing exposure to index-linked gilts and cash by 1% each. The switch was driven by the belief that these alternative investments can be sensible options for reducing portfolio volatility when the more conventional
The Scottish Loan Fund (SLF) is pleased to announce that it has committed GBP0.7 million of funding to the event services and management business, ExecSpace, to support its businesses growth strategy.
The investment will provide a significant boost to the business as it looks to widen its geographic reach into London and capitalise on the strong sector dynamics and positive economic indicators which reflect ongoing growth in that market. Founded in 2008 by Emma Little, ExecSpace is a specialist event and accommodation booking agent for over 200 organisations across the UK, including Grant Thornton, Aggreko, Aegon and Nucleus, and has
JPMorgan Chase has awarded a USD1 million grant to VEDC to boost the organisation’s infrastructure as they expand their outreach to small businesses in eight states.
JPMorgan Chase has been a longtime supporter of VEDC as they strive to meet the capital needs of small businesses in underserved communities.
The USD1 million grant will help VEDC as they expand their small business loan programs across eight states to bring small business owners the access to capital so desperately needed to create new jobs. In addition, VEDC has expanded lending in Bakersfield, and is in the process of completing two studies
Remitly has closed a USD12.5 million Series B funding round led by DFJ with participation from DN Capital and existing investors QED Investors and Trilogy Equity Partners.
DFJ partner William Bryant will join Remitly’s board of directors. Remitly will use the new capital to expand its team, scale marketing efforts, and broaden the service to include new countries.
While the global economy becomes more integrated through technology, international money transfers remain antiquated. There are more than 200 million people who live abroad and send money home. These customers use remittance services that are often riddled with high and hidden fees,
Audax Group has partnered with management to acquire AllOver Media (AOM) from the firm’s independent owners.
Headquartered in Minneapolis, Minnesota AOM operates an alternative out-of-home (AOOH) advertising platform in the US with a diverse set of advertising mediums at high-traffic indoor and outdoor locations. Founded in 2002, AOM’s core products are found at convenience stores and gas stations, on truck sides, and at a variety of indoor locations, including restaurants, shopping centres, and sports arenas.
Geoffrey S Rehnert, Co-CEO of Audax Group, says: “AllOver Media is a leading alternative out-of-home media company with an unparalleled reputation for providing innovative advertising
Taurus Asset Finance has launched a new Venture Capital Fund – Arie Ventures – focused on investing in Israeli-sourced technology and its worldwide potential.
The fund is looking to raise up to USD200 million, and is based in the UK. It is open to institutional investors, Fund of Funds, and Family offices with a minimum investment of USD2 million. Its target is to raise an initial USD60 million for a “1st close” on June 30th 2015.
The fund, which is to be chaired by Sir Colin Chandler, will invest primarily in Israeli technology companies with strong, scalable IP, where
Janssen Pharmaceuticals has acquired XO1 Limited, a privately held asset-centric virtual biopharmaceutical company founded to develop the anti-thrombin antibody ichorcumab.
Financial terms of the transaction have not been disclosed.
Ichorcumab is a recombinant human antibody developed to mimic the activity of a human antibody which appears to produce an anticoagulated state without predisposition to bleeding.
"Ichorcumab provides an excellent complement to the Janssen cardiovascular portfolio," says Peter DiBattiste, MD, Global Development Head, Cardiovascular, Janssen Research & Development, LLC. "Given Janssen's leadership in the fields of anticoagulation and biologics, we are well positioned to explore the potential of this next generation
Green Shoots, the junior branch of the EIS Association (‘EISA’) has launched aimed at celebrating and supporting young professionals working with the Enterprise Investment Scheme (EIS) and in the alternative investment industry.
The EISA was established to support and represent organisations working with the Enterprise Investment Scheme (EIS) and Seed EIS (SEIS). GreenShoots aims to create a separate space for young professionals in this industry, giving them a voice and an opportunity to develop their own networks, interest and knowledge of the world of EIS/SEIS and alternative investments.
As well as holding regular networking events, Green Shoots will run bi-annual
Trax Technologies has completed its previously disclosed majority investment in Trax, made in partnership with Trax’s current management team, led by Founder and CEO J Scott Nelson.
The terms of the transaction have not been disclosed.
“With this transaction complete, we are excited to continue building the Trax platform and services in support of our current and future global customer base,” says Nelson. “This investment will support further development, deployment, and support of existing and new products and services benefiting both buyers and sellers of logistics services.”
Arma Partners has acted as exclusive financial advisor to SSP Limited (SSP) on its sale to UK private equity firm LDC for GBP207 million.
SSP, a Hellman & Friedman portfolio company, is a specialist provider of insurer policy administration systems, insurance policy distribution platforms and broker management systems to the insurance industry. As part of its offering, SSP provides highly innovative data services, such as fraud detection and telematics, to help insurers better assess risks.
This transaction demonstrates Arma Partners’ continued strength in Financial Technology.
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
