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Permal is one of the first fund managers to take advantage of the new Irish Collective Asset management Vehicle or ICAV structure, with plans to use it to bring up to USD4bn of assets onshore.
Under the new legislation, which became law on 4 March, funds that are already regulated under the UCITs structure or the Alternative Investment Fund Managers Directive (AIFMD) can take the ICAV route to onshore regulation in Ireland. Permal can now market funds across Europe with the new structure.
Over the next several months, Permal expects to move approximately 30 accounts, totalling approximately USD4 billion,
Ogier in the BVI has acted with Watson, Farley & Williams LLP, London office and Ewing & Jones, Houston office to advise Petroserv Marine on its USD1.7bn loan facilities with Nordea Bank Finland.
The Ogier transaction team was led by Managing Associate Christopher Newton with Partner Ray Wearmouth.
Ogier has seen a notable increase in the number of British Virgin Islands companies being used in shipping structures over the last 12 months. During this period Ogier has advised on several shipping structures with an aggregate financing value of over USD3.5bn.
Macquarie CAF Lending, part of Macquarie’s Corporate and Asset Finance group, has provided a customised unitranche financing solution to support the acquisition of Logibec, Inc by GI Partners.
This transaction demonstrates Macquarie CAF Lending’s ability to structure timely and comprehensive unitranche financing solutions for the financial sponsor community.
Bill Eckmann, a Managing Director of Macquarie CAF Lending, says: “We are excited to work with GI Partners and be their financing partner. Logibec's market leading position, long-standing customer relationships, and recurring revenue model provide a foundation for continued growth."
Howard Park, Managing Director at GI Partners, adds: "Macquarie CAF Lending created
A subsidiary of USD54 billion global infrastructure fund Morgan Stanley Infrastructure Partners (MSIP) is to sell Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure.
The terms of the transaction have not been disclosed.
The MSIP subsidiary, MGT Holdings S.a.r.l (MGT Holdings), acquired an 80 per cent interest in Montreal Gateway Terminals in February 2007 in an exclusively negotiated transaction and secured 100 percent ownership in December 2013. Montreal Gateway Terminals is the largest operator at the Port of Montreal and the second-largest container facility in Canada. The Port of Montreal is the third-largest container port servicing the
MOD Pizza, a fast casual artisan pizza restaurant operator, has closed a USD40 million funding round led by PWP Growth Equity, a private equity fund managed by Perella Weinberg Partners.
This brings the total equity raised by MOD to more than USD70 million.
“MOD has always focused on building for the long-term, and this infusion of capital will allow us to invest significantly in strengthening our business as we accelerate the opening of company-owned stores across the country,” says Scott Svenson, co-Founder and Chief Executive Officer of MOD. “The PWP Growth Equity team brings an enormous amount of value to
Schneider Electric in partnership with, CDC Group, FISEA, PROPARCO, OFID, and FFEM, has launched the Energy Access Fund to improve access to sustainable energy in sub-Saharan Africa.
The new fund’s aim is tol transform lives and stimulate economic development across Africa by providing access to electricity for a million people by 2020.
The Professional Private Equity Fund which will be managed by Aster Capital and advised by Energy Access Venture (EAV) company based in Africa, has secured commitments of EUR54.5 million to invest in five-year instruments for around 20 African SME.
Some 625 million people living in sub-Saharan Africa lack
GE Antares, a unit of GE Capital, is serving as administrative agent on a USD60 million senior secured credit facility to support the acquisition of Tidel Engineering by an affiliate of Graham Partners.
GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Founded in 1978, Tidel is a leading provider of cash management systems and security products for convenience stores, specialty retailers, grocery stores and quick-service restaurants. Tidel provides solutions that deliver enhanced efficiency, cost savings and security throughout the retail cash management ecosystem.
“GE Antares comes to the table with flexible, workable financing structures
Preqin’s Olivia Harmsworth takes a detailed look at the private real estate market in Germany, including the latest data for closed funds and funds in market, as well as information on investors based in Germany.
Germany-focused fundraising
Preqin’s Real Estate Online service contains detailed information on over 4,400 private real estate funds, including 111 which focus on investments in Germany. Extensive profiles feature detailed information on fundraising and closes held, known investors, performance data and direct contact information for key decision makers. As shown in Fig 1, fundraising for Germany-focused private real estate funds has remained at relatively low levels, declining
Harbour Point Capital and funds affiliated with Quantum Strategic Partners have led a growth capital investment in Oak Street Health, a privately owned operator of primary care centres focused on seniors.
Oak Street Health plans to use the additional capital to fund its expansion in the Chicago area and other markets in the Midwest, so that it will have the facilities and capacity to care for more patients.
Today, Oak Street Health operates seven primary care centres in the Chicago metropolitan area, serving about 5,000 older adults. The company focuses exclusively on seniors with Medicare, with each of its centres
Five Arrows Principal Investments (FAPI) has completed the first closing of Five Arrows Principal Investments II, its second European lower mid-market private equity fund, with total commitments exceeding EUR493 million.
Including subscriptions from Rothschild employees which are currently in progress, FAPI II's capital commitments stand at EUR508 million. This represents more than 70 percent of the Fund's target size of EUR700 million, after only a few months of marketing.
The placement has generated strong traction from a diversified investor base comprising institutions, major family offices and high net worth individuals from around the world. The overwhelming majority of
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