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Eccrine Systems has raised USD1.5 million in seed funding. Investors include CincyTech Fund III, management, and other sources within the CincyTech local, regional and national investor co millionunity.
Formed in late 2013, the advanced sweat sensor company is developing disposable electronic patch systems based on innovative research and intellectual property that originated from the University of Cincinnati and Air Force Research Labs at Wright Patterson Air Force Base.
“The implications for real-time trending and interpretation of sweat biomarkers, derived from very tiny amounts of sweat captured under a small electronic patch, are profound”
According to Dr Jason Heikenfeld, lead UC
llluminate Financial Management, the capital markets-focused financial technology venture capital firm, has invested in CloudMargin.
CloudMargin’s cloud-based solution, which launched in 2013, is a cross product cloud-based collateral and margin management technology solution that costs a fraction of competing products. It was developed to cater specifically to buy-side and non-bank institutions such as corporates, hedge funds, insurers, pension funds, asset managers and more.
The move marks Illuminate’s first investment in a fintech firm since it was launched last year by industry veteran Mark Beeston, who previously managed ICAP’s post-trade risk and information division. Illuminate’s investment is the only institutional funding
“Global deal activity jumped 47% between 2013 and 2014, highlighted by large deals,” wrote John Primack in an article for Fortune.com. “Global merger and acquisition activity hit USD3.5 trillion in 2014, which is up 47% from the year before.”
Primack noted that the data from Thomson Reuters “suggests that large deals in 2014 – 95 valued at USD5 billion or more – were a key driver, given that the overall number of global M&A transactions only climbed by 6%.” Of the 15 largest acquisitions, 10 were from companies based in the United States, “where volume climbed by 51.4% to USD1.53
High Road Capital Partnershas sold portfolio company All Current Electrical Sales, marking the fourth exit for the firm’s debut fund, High Road Capital Partners Fund I.
All Current is a leading specialty reseller of electrical components utilised across a broad range of commercial and industrial end markets. Transaction terms for the sale, which closed on 17 February, have not been disclosed.
All Current was acquired by EBSCO Industries, through its new platform investment division, EBSCO Capital, and management. EBSCO is a privately owned, family business headquartered in Birmingham, Alabama, that seeks to acquire quality middle-market companies and grow their
Cordiant, a leading emerging market private debt fund manager, has raised USD350 million at the final close of its latest debt fund, the Cordiant Emerging Loan Fund IV (CELF IV).
The fund’s primary focus will be on senior, secured loans issued to emerging market private sector borrowers, with an emphasis on diversification across countries and sectors.
Investors in the fund include insurance companies, pension funds and other provident funds.
CELF IV will allow institutional investors to take advantage of the growing imbalance in the emerging markets between the escalating demand for bank style funding and the shrinking balance
HIG Growth Partners has promoted Nik Shah to Managing Director.
Shah joined HIG Capital in 2007 and has been responsible for numerous investments in a wide range of industries including technology, digital media, marketing and business services. Shah will continue to focus on investments across sectors as the HIG Growth team continues to expand and invest its USD500 million growth equity fund.
Shah has over fifteen years of experience investing in and working with lower middle market growth companies. Prior to joining HIG, he was a Senior Associate at Landmark Growth Capital Partners, an Associate at AH Ventures and an
BIL Manage Invest (BMI) has selected Linedata Front Office Platform to manage the firm’s complete front-to-back asset management workflow across their full suite of investment funds.
With an increased emphasis on risk management in the industry, AIFM Directive and UCITS regulation continue to impose controls and transparency with the end goal of protecting the financial world against systemic risk. While many management companies seek comprehensive risk management around all aspects of their front-to-back activities, they also look to increase efficiencies, and provide added-value to their clients while keeping costs at an acceptable level. This is particularly true with funds under
Piper, a specialist investor in consumer brands, has sold Rollover Hot Dogs to Kerry Foods. The deal has been completed for an undisclosed sum.
Since leading the BIMBO of Rollover in 2006, Piper has turned the company into the UK’s largest premium hot dog seller. Rollover Hot Dogs are sold in over 3,000 locations, including leading nationwide leisure, pub and retail chains along with more than half of the country’s Premiership League football stadiums.
Since its investment in Rollover, Piper has helped to develop the management team with the recruitment of Simon Vine as CEO and Nigel Osborne as CFO,
2015 will not be any easier for fund managers from an operational perspective. The raft of regulatory reporting under Annex IV and EMIR is set to increase, depending on the size of the manager, and the barriers to entry look set to remain high for new managers; both from a compliance perspective and investor expectations on operational infrastructure.
After a lukewarm performance in 2014, where the average hedge fund returned less than 4 per cent, and large institutional investors such as CalPERS and Dutch health care sector pension fund PFZW divested their holdings, 2015 is, in many ways, a year
Strong performance in Jersey’s funds sector in 2014 has seen the value of fund assets administered in the jurisdiction increase by almost one fifth year-on-year to reach the highest level in seven years.
The latest figures for Jersey’s finance industry, collated by the Jersey Financial Services Commission (JFSC) for the period ending December 2014, show that the net asset value (NAV) of funds under administration in Jersey grew by GBP23.5bn over the final quarter of last year to now stand at GBP228.9bn, representing an increase of 19% compared to December 2013 and the highest level since December 2008. In addition,
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