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An investor group led by Siris Capital Group has completed the acquisition of commerce-as-a-service solutions provider Digital River.
The execution of a definitive merger agreement outlining the terms of the transaction, which is valued at approximately USD840 million, was initially announced on 23 October, 2014. In the transaction, all outstanding shares of Digital River common stock (subject to certain exceptions) were converted into the right to receive USD26 in cash per share.
Digital River’s stockholders approved the acquisition on Thursday, 12 February, 2015. Based on a tabulation of the stockholder vote, approximately 99.6 per cent of all votes cast, which
South African institutions are, on average, lacking significant commitment to alternative assets and private equity investments, with many funds having no exposure at all, says Old Mutual Alternative Investments.
However, since 2000, Old Mutual has steadily increased the percentage allocation of its total investment portfolio to alternative assets including private equity, infrastructure, impact investments and natural resources.
“In the late 1990s, we ventured into infrastructure because of the long-dated nature of the assets as well as the potential they had to provide above–average returns. We also saw the merit in investing in assets that had a positive economic spinoff
Private investment firm Rcapital has appointed Phil Emmerson as Chief Operating Officer (COO).
Emmerson, who joins from BDO, will be primarily responsible for running Rcapital’s portfolio of investments from March 2015.
Emmerson brings 18 years’ experience in the area of operational and financial restructuring, initially at KPMG before leading BDO’s midlands regional company side restructuring team. Most recently, Phil has been working in BDO’s London office.
Jamie Constable, Rcapital CEO, says: “ We are delighted that Phil has chosen to join the team at Rcapital. His skills will be a great benefit to us in the current climate, where we
As at 31 January 2015, 46 Guernsey Alternative Investment Fund Managers (AIFMs) have used the isand’s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe.
The figures, which solely reflect marketing into Europe by Guernsey AIFMs and do not include European Economic Area (EEA) AIFMs, reveal that the 46 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into force. The UK remains a key market for
tru Independence has launched an elite investment platform offering both traditional and alternative investment solutions for independent registered investment advisers.
"It's all about our advisor teams and their clients receiving access to best-in-class institutional managers across the entire spectrum of asset classes," says Craig Stuvland, President and Chief Executive Officer of tru Independence. "These portfolios are typically only available to the most sophisticated investors, including ultra-high-net-worth families, foundations, endowments and pension plans."
tru is committed to building out their investment platform by offering sophisticated, flexible and customizable solutions including tru's Separately Managed Account (truSMA), Unified Managed Account (truUMA) and Alternative
Alter Domus, a provider of fund and corporate services to private equity and real estate firms, multinationals, private clients and private debt managers, has launched a new Regulatory and Compliance Service.
This new service was created in response to the growing needs of our clients in managing the growing complexity in legislation and compliance requirements from international regulators.
Laurent Vanderweyen, CEO of Alter Domus, says: “Assisting our clients to face these new challenges, notably in the areas of Know Your Client, FATCA and AIFMD Reporting, is critical to them as they focus on their own core business. Alter Domus has
Wing Venture Capital has hired Martin Giles, the San Francisco-based technology writer of The Economist Newspaper, as Partner, Intellectual Capital. He will join the firm in March.
In this new role, Giles will develop deep and actionable insights in core areas of interest to Wing and its portfolio companies. Some of this proprietary research will be released publicly to highlight the trends and developments that are reshaping business-technology markets. He will work closely with Wing's founding partners, Gaurav Garg and Peter Wagner, who have decades of experience building billion-dollar-plus enterprises in rapidly growing industries.
Giles brings a wealth of experience
Trina Solar Limited has signed a framework investment agreement with PingAn Trust Co and Jiangsu Jiuzhou Investment Group to jointly develop selected photovoltaic power plants in China, with a total capacity of 500MW-1,000MW over the next three years.
Under the terms of the agreement, the Investors will enter convertible loan arrangements with Trina Solar to support the development of downstream projects in China. The Investors are entitled to convert the loans into minority stake in the project companies at pre-determined time. The investors are also entitled to participate in the potential capital operation of the holding vehicle in the future.
Carrick Capital Partners has closed its second growth equity fund, Carrick Capital Partners II at USD275 million.
Carrick's first fund closed two years ago with USD180 million, and the closing of Fund II brings the growth equity firm's total capital raised to nearly half-a-billion dollars.
Carrick takes an operational approach to growth equity investing, bringing to bear a distinctive combination of operational and investment expertise to help entrepreneurs and management successfully scale their businesses. Consistent with the investing strategy for Fund I, Carrick will apply the same investment strategy, approach and sector focus for Carrick Capital Partners II, with the
Maples Fund Services has completed Alternative Investment Fund Manager Directive (AIFMD) Annex IV reports for December 2014 for seven EU jurisdictions, utilising its regulatory reporting platform.
AIFMD requires European and certain non-European alternative investment fund managers (AIFMs) as well as non-EU alternative investment funds ("AIFs") marketing through national private placement regimes to submit highly detailed Annex IV reports to regulators as part of the industry’s on-going efforts to monitor systematic risk.
"We are pleased that our clients have entrusted us to assist with the diverse and complex challenges that AIFMD presents, and are proud that Maples Fund Services’ combination of
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