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By Kris Jonsson (pictured), Head of the Endowments & Foundations Group in JP Morgan Asset Management for Europe – The search for yield amongst all investor groups has been an ongoing trend for several years. According to our research[1] 6% returns are the new 8% for institutional investors. With the German government issuing five-year debt at a negative yield for the first time in history; and given more than a quarter of European government bonds now hold yields below zero[2] this story looks set to continue.
Whilst endowments and foundations do not hold the same liability profile as their institutional peers,
Financial services software and software-enabled services provider SS&C GlobeOp has created a new group to support fund administration, accounting and reporting for hybrid fund structures.
The industry continues to witness the convergence of the traditionally separate asset classes of hedge funds and private equity style closed-end funds. More and more funds include fixed income assets such as bank loans and distressed debt held in a private equity structure with a waterfall mechanism and capital calls. Other examples include private investments as part of a hedge fund portfolio strategy or a fund-of-fund investing in private equity investments, and trading in securities
Chelverton Asset Management has completed its first Chelverton Investor Club deal of 2015 with a growth capital investment into Hypersonica, an early-stage technology business.
Hypersonica Safe Search is a mobile application which combines internet search results from the World’s leading providers with premium consumer internet security. The application gives users a high quality mobile search experience with a layer of free and valuable security.
The Company was founded in 2013 and is led by CEO, Marc Webster, with support from angel investors Martin Reith and Ian Martin. Marc originally conceived the idea for Hypersonica in previous roles, as Head
Ares Management and GE Capital’s European Senior Secured Loan Programme (ESSLP) has provided a GBP75m financing package for CVC Growth Partners’ acquisition of Wireless Logic.
The acquisition was funded by a GBP65m ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. In addition, a GBP10M working capital and acquisition facility was provided by GE Capital.
This deal marks the 12th transaction for the ESSLP since its inception in 2012 and brings total commitments funded to EUR1.3 billion. The EUR1.75 billion programme, the first of its kind in the European debt market, is structured to provide flexible unitranche
Private equity firm OpenGate Capital is to sell one of its portfolio companies, Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
Kotkamills is located in Kotka, Finland and is a manufacturer of specialty papers and wood-based products. The transaction is expected to be complete within the next 60 days. Financial terms were not disclosed.
OpenGate Capital acquired Kotkamills from Stora Enso in July of 2010. From the onset of the acquisition, OpenGate viewed Kotkamills as a business with tremendous potential for growth and renewed profitability. In the four and a
Funds managed by the private equity business of Neuberger Berman have acquired a minority interest in CSC ServiceWorks (CSC). Terms of the transaction have not been disclosed.
CSC is the largest North American route-based service provider of multi-family housing and commercial laundry services, as well as the global leader in air vending services to convenience stores and gas stations, with more than 1.4 million machines in service and greater than 3,000 associates across North America and Europe.
CSC was created In May 2013 when Pamplona simultaneously acquired Coinmach Service Corp. and AIR-serv Group LLC. Under Pamplona's ownership, CSC has
Lonsdale Capital Partners, a private equity firm focussed on the smaller end of the market, has appointed Andrew Chetwood as an Associate.
Chetwood will be working across the business, focused initially on deal implementation for the existing pipeline of acquisitions as well as supporting the current portfolio. He joins Lonsdale Capital Partners from EY (Ernst and Young) where he worked in Operational Transaction Services on deals in consumer goods, pharmaceuticals and oil and gas, advising clients on operational issues in transactions both pre and post deal.
Prior to this he was an operations consultant at Chartwell Consulting and Stroud
Acuity Trading, the UK news analytics company, has secured SEIS financing to accelerate the company’s growth in to the retail financial market and fund development of its sentiment-based products.
The funding initiative, led by The Jenson Seed EIS Fund, will be also be used to expand its reach in key retail markets, invest in sales and marketing resources, further develop its analytics capabilities and expand into new data types, including equities.
“News and opinion has notoriously influenced the financial markets and in today’s information age investors have access to a paralysing volume of news from fragmented sources. Investors no longer
Guy Hands (pictured), Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited, will be the keynote speaker at the Guernsey Funds Forum 2015.
The Guernsey resident and private equity specialist will top the bill for the annual event, which this year is titled ‘Achieving stability in a world of change’ and takes place on Thursday 14 May in London.
Dominic Wheatley, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, said he was delighted that Mr Hands will be speaking at the forum.
“Guy has been a huge supporter of Guernsey’s fund industry
Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, has promoted five investment professionals in its Chicago office to the firm’s leadership team.
Charles Asfour, Partner, will continue to be responsible for originating, executing and managing private debt and equity investments in middle market companies across a number of industries. He plays a leading role in VPC’s investment efforts within the transportation and retail sectors, and is actively involved in value creation initiatives and strategic alternatives for VPC’s investments. Asfour joined VPC in 2010 and has more than 11 years of experience as
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