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The Global Sustainability Initiative (GSI), an global impact investment project, is to have its headquarters in Catslebar, County Mayo, Ireland, where 250 jobs will be created.
The launch of GSI is the result of five years of development and planning by Dublin-based OpenSparkz LP and its partners.
Mayo County Council Enterprise and Investment Unit has worked with OpenSparkz to select suitable sites for GSI operations in the county.
"Ireland was chosen as headquarters for GSI given the country's strong technology and skills base in sustainability, and in particular, its leadership in food technology and its long-term friendly relationships with Africa
Canadian alternative asset management firm Fengate Capital Management has opened an office in Australia as part of the firm’s international investment strategy.
The office, located in Sydney, will be the headquarters for Fengate's Asia-Pacific operations. Greg Osborne has been appointed Managing Director – Head of Asia-Pacific to lead these operations.
One of the leading investors in the Canadian Public-Private Partnerships (P3) market, Fengate Capital has invested over USD632 million across 26 infrastructure projects, representing approximately USD10 billion in total project value. Part of the Firm's growth strategy is to focus on expanding into select international markets. According to Lou Serafini
ABRY Partners is to sell its equity interest in NSM Insurance Group to a subsidiary of American International Group.
ABRY has been invested in NSM, a national leader in the development, marketing, and underwriting of industry-specific insurance programs, as well as an industry leader in the Wholesale Brokerage arena, since January of 2012.
"ABRY has been a great partner," says Geof McKernan, President and CEO of NSM. "Their support has helped make NSM a better organization and we have enjoyed working with them over the past three years."
"It has been our pleasure to work with Geof and the world-class
Preqin recently surveyed over 50 managers of dedicated secondaries assets to find out about their activity in 2014 and to assess their outlook on the market for 2015. Patrick Adefuye analyses the key findings from these results.
2014 was not only a record year for secondaries transaction volume, but has also been recognized as a record year for secondaries fundraising; an aggregate USD29bn was secured by the 27 secondaries funds that reached a final close during the year, the highest ever annual amount of capital secured. As a result, two-thirds of secondary fund of funds managers surveyed expect to deploy
Private equity firm Tower Three Partners has appointed Debra Bricker as Chief Financial Officer (CFO) and Chief Compliance Officer (CCO), succeeding Chris Jacobs who has retired.
Bricker joins Tower Three with more than 16 years of private equity and financial management experience. She brings extensive leadership experience, having previously served as Chief Financial Officer and Chief Compliance Officer at Harvest Partners, LP Bricker is a New York Certified Public Accountant.
"I am pleased to have someone of Debra's caliber join our team," says Bill Forrest, Founder and Managing Partner of Tower Three Partners. "Debra's extensive background in the financial services
Stanhope Capital, the global investment office, is adding significant resources in private equity to address growing client demand for further investments in this area.
Edward Clive, a Senior Director within the firm’s investment research department, has been appointed Head of Private Funds. He previously worked at Lazard and Vantage Group, and has been with Stanhope for five years. In addition, Jerome Sibony has been appointed as Head of Direct Investments.
Sibony, who has over 15 years of experience in direct private equity, joins Stanhope Capital from Neo Investment Partners where he was the Senior Principal on its EUR300 million Small/Mid
Blue Pillar, a provider of software-based solutions that increase real time visibility and control into distributed energy assets, has secured a USD14 million financing led by EnerTech Capital.
This round of financing also included the Maryland Venture Fund and existing investors Allos Ventures, Arsenal Venture Partners and Claremont Creek Ventures and will scale the company to meet the accelerating demand for its Aurora® Digital Energy Internet of Things and Avise Foresite Centralized Facility and Fleet Management software platforms.
"Blue Pillar had a record year in 2014 for both revenue and new customer additions," says Tom Willie, CEO of Blue Pillar.
The Cottonwood Euro Technology Fund is investing EUR1.6 million in Clear Flight Solutions, a robotics drone spin-off company from the University of Twente.
With this investment Clear Flight Solutions will focus on becoming worldwide market leader in bird control solutions with their lifelike robotic birds.
The damage birds inflict at airports worldwide is estimated in the billions of dollars, including both property damage and occasionally loss of life. Birds also create billions of dollars of damage in agriculture, at waste management sites, oil and gas industrial sites and at harbours.The problem is that birds are intelligent and learn how to
Growth private equity firm TA Associates has completed an investment in YeePay, a payments service provider in China. Far East Horizon Ltd (HKG: 3360), a provider of tailored financial leasing and other value-added services, partnered with TA on the investment.
Financial terms of the transaction have not been disclosed.
Founded in 2003, YeePay provides online and offline integrated payment solutions enabling consumers and businesses to make and receive payments via the Internet, mobile devices and phones. The Company focuses on a variety of sectors, including airline & travel, asset management, digital entertainment, education, fast moving consumer goods, insurance and telecom.
Peer-to-peer lender Lending Works is launching an Auto Income tool that allows lenders to draw down a regular income over the course of their lending term.
From 6 April, Lending Works customers will be able to elect to draw down their interest repayments, or a combination of their capital and interest repayments from the funds they are lending, creating a monthly source of income.
While peer-to-peer platforms are typically viewed as a growth tool, the Lending Works Auto Income tool transforms peer-to-peer lending into an income device for those who desire it.
Lending Works expects Auto Income to attract the
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