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As of 1 March 2015, it has become mandatory for fund managers distributing their products in Switzerland to commission a Swiss legal representative and paying agent. Regulatory compliance is the name of the game when it comes to the service provided by UBS.
"Our offering is designed to cover the current regulatory requirements, monitor distributors, contract with managers as well as distributors and guide them with respect to changes in the regulatory environment of distribution", says Beat Blattner (pictured), Head Representative Services at UBS Global Asset Management. "In addition, we support managers with market intelligence of the Swiss regulatory environment and the
Groupe SVP has established a presence in Canada with the acquisition of professional training and translation specialist Groupe Synesis.
Groupe SVP is also carrying out the refinancing of its acquisition debt taken out in July 2011 and proceeding with repayment of the mezzanine debt carried by IFE and CM-CIC Private Debt.
This is being done with the support of Omnes Capital, which has held a stake in Groupe SVP since 2011.
Groupe Synesis was formed from the merger of training companies Versalys and CFC and translation company Documens. Owned by two Canadian entrepreneurs, Ugo Dionne and Wiseman, the
Guernsey’s financial services regulator approved 27 new investment funds during the final quarter of 2014, resulting in a total of 137 additions during 2014.
Figures from the Guernsey Financial Services Commission (GFSC) also show that the net asset value of all funds under management and administration in Guernsey fell by GBP42.2 billion (16.2%) during the fourth quarter to GBP218.7 billion. The significant drop in value is almost entirely due to the exit from the jurisdiction of a large non-Guernsey scheme manager.
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, says: “The
Wing Venture Capita has hired Jeff Schneble as a Partner.
Schneble joins Wing from Silver Lake Partners, where he was an operating executive on the Value Creation team. At Silver Lake he worked with multiple entrepreneurs and teams to grow successful tech companies, including GoDaddy, Mercury Payment Systems, Vantage Data Centers and Fathom. At Wing he will work closely with the firm's founders, Gaurav Garg and Peter Wagner, who have decades of experience building billion-dollar-plus enterprises in rapidly growing industries.
As a Partner, Schneble will lead investments in startups and leverage his operating expertise to help their founders create significant
Growth Intelligence (Gi), a company which crunches web-scale data to predict who your next clients will be, has raised USD3.4m to invest in hiring data scientists and engineers.
Backers include 83 North (formerly Greylock Israel), MMC Ventures, Paul Forster, founder of Indeed.com (sold in 2012 for USD1bn) and early Google employee and chief economist Hal Varian, together with John Taysom, an early investor in Yahoo! and 18 other subsequent IPOs.
Google, BT, Lloyds Banking Group and American Express all use Gi to identify companies to target in advance, driving up marketing performance and revenue. Gi’s software as a service (SaaS)
High Road Capital Partners has acquired York Wallcoverings, the fourth acquisition for the firm’s High Road Capital Partners Fund II.
Founded in 1895, York Wallcoverings is a manufacturer of wallpaper, borders, murals, and RoomMates peel-and-stick removable and reusable wall decals. York’s portfolio of globally recognised proprietary and licensed brands includes Antonina Vella, Ashford House, Candice Olson, Carey Lind, Ronald Redding Designs, Waverly, and York.
York Wallcoverings’ products are sold through an extensive network of interior design firms and domestic and international distributors, and in online, specialty and big-box retail stores. The company sells its residential and commercial products in
Berlin-based Absolventa GmbH, a jobs portal with around 50 employees that attracts in excess of 1.1 million visitors per mont, is being sold to the FUNKE media group of Essen.
Absolventa is notable for its outstanding mobile usability, user-friendliness and the perfect fit of the jobs displayed. These factors help to explain the portal’s high level of customer loyalty and very high recommendation rates.
A team headed by lead partner Dr Jörg Zätzsch and Dr Igor Stenzel advised the Absolventa shareholders on the sale.
Zätzsch says: “Following numerous sales of Berlin-based start-ups in 2014, this deal is further proof that
Gambling industry experts have teamed up with FCA-authorised UK alternative investment fund manager Innvotec, to launch the first Seed Enterprise Investment Scheme (SEIS) aimed at the sector.
The GamCrowd 2015 SEIS Fund (the Fund) opens for investors’ commitment on Monday 9 March – a day before the start of Cheltenham Festival, where hundreds of millions of pounds will be wagered.
The fund is a joint venture between Innvotec and GamCrowd, a betting and gaming specialist crowdfunding and crowdsourcing platform that is also FCA regulated.
GamCrowd has already begun assessing opportunities for investment and only companies judged to meet
Signature Private Finance, a privately owned & funded Principal Lender, has appointed Brilliant Solutions to its distribution panel.
Having just completed its first year’s trading, Signature has identified building relationships with select industry partners as key to its growth strategy.
Signature’s Business Development Manager, Nigel Robbins (pictured), says: “This is good news for us and for borrowers. This is a distributor that shares our philosophy in putting the needs of customers first, whilst demonstrating an understanding of the need for a fast and efficient service, when it comes to short-term funding.
“It’s been an encouraging first year and establishing a
Fairway America has made a USD1 million commitment from one or both of its two funds, Fairway America Fund VI, LLC and Fairway America Fund VII, to Colonial Capital Management's new USD100 Million Colonial Impact Fund-II.
In addition, Colonial will be listed on the SBREfunds.com (http://sbrefunds.com) crowdfunding marketplace, which focuses exclusively on pooled fund offerings and information in the pooled real estate investment space. SBREfunds.com is building the world's leading community of fund managers, and Colonial's listing will generate immediate exposure to high-net-worth accredited investors seeking opportunities in real estate asset-based pooled investment funds.
The recently launched platform provides accredited
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