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The Angel CoFund, a GBP100m Government-backed fund for promising British businesses, has made two further appointments to its Investment Committee.
Experienced angel investors Simon Blakey and Matthew Mead will be joining the existing committee of 12 investors to preside over the fund’s future investment decisions.
Simon Blakey, a leading UK business angel, has been an active, early-stage investor since 1999 and has provided funding for over 20 different businesses, several of which have already achieved multi-million pound exits. Co-investing with his brother under the umbrella of their firm, Avonmore Developments, Simon, originally an accountant by training, now heads up their
Venture capital firm Founders Fund has become the first institutional investor to back the legal cannabis industry with a multi-million dollar investment in Privateer Holdings’ Series B round.
“Founders Fund is known for making some of the most lucrative and radically transformational investments of the past decade,” says Privateer Holdings CEO Brendan Kennedy. “With this investment they are signalling that they, like us, believe that the end of prohibition and the social harms it causes is inevitable.”
“Privateer Holdings has emerged as the market leader in legal cannabis, which we believe will become a massive industry within the next decade,”
Technology Crossover Ventures (TCV) has appointed Doug Gilstrap as a venture partner in the firm’s New York office.
Previously he served as chief strategy officer for Ericsson in Stockholm and New York.
Gilstrap brings 25-plus years of global strategy, sales, transactional and financial roles in the technology, media, and telecommunications and related services. He will focus on key investment priorities at TCV in the areas of communications infrastructure and software, such as OpenStack; software-defined networking/network function virtualization; IT tools, management and automation; content management and delivery; unified communications and collaboration; and the Internet of Things.
“Doug is a tremendous addition
Institutional Venture Partners (IVP) has appointed Tracy Hogan as Chief Financial Officer.
In this role, Hogan will be responsible for managing the firm's financial, operational, and administrative activities. These activities include partnership accounting, financial reporting, tax and treasury, regulatory compliance, information systems, and human resources.
"We are incredibly excited to welcome Tracy to our team," says Todd Chaffee, General Partner at IVP. "Tracy's extensive finance and accounting experience in the private equity industry will strengthen our financial operations, and her in-depth regulatory and compliance experience will also be valuable to the firm.”
Prior to joining IVP, Hogan was the Chief
Fried, Frank, Harris, Shriver & Jacobson has hired Mark Lucas and Daniel Oates as partners in the Mergers and Acquisitions and Private Equity Practice, in the New York and London offices, respectively.
“Mark and Dan are fantastic additions to our team of lawyers, bringing impressive legal knowledge and business judgment to help navigate a range of M&A and private equity transactions,” says David Greenwald, chairman of Fried Frank. “Their experience advising some of the leading players in the market will enhance the value we deliver to clients.”
Lucas was previously a Vice President & Associate General Counsel in the Legal
In the midst of a shifting market environment, alternative fund managers are experiencing a surge of demand for primary financing activity. The increasing demand for private debt investment products and, as a result, the increase in private debt holdings, has raised questions as to whether we are seeing a fundamental shift in markets, or if this is a temporary yield play. A temporary yield play can be defined as a short-term strategy employed by fund managers to generate profit for clients, with no plans to extend the strategy past a short-term view.
Preqin’s recent global private debt fund manager survey
Tom Carey & David Crosland of Carey Olsen, explore the introduction of the Limited Liability Partnerships (Guernsey) Law 2013…
In response to the increasing demand for limited liability partnership (LLPs) structures in Guernsey the Limited Liability Partnerships (Guernsey) Law, 2013 came into force on 13 May, 2104.
The key features of a Guernsey LLP are similar to those registered in other jurisdictions but certain enhancements have been made to the legislation to broaden the scope of their commercial use and to benefit sponsors looking to use Guernsey as a domicile for private equity funds.
Key features
A Guernsey LLP is a
Spruce Capital Partners and Xeraya Capital have held the first close of MLS Capital Fund II, LP at USD150 million.
MLS Capital Fund II, the successor to the USD162 million Malaysian Life Sciences Capital Fund, is co-managed by Spruce Capital Partners and Xeraya Capital, which will invest the funds in a diversified portfolio of biogreentech companies at all stages of development.
Biogreentech spans plant and animal agriculture; food, feed, and nutrition; bio-renewable chemicals and materials; and adjacent opportunities along the value chain, including "big data analytics," robotics, production, harvesting and use of natural resources, and synthetic biology.
"The use of
Kayne Partners the private equity group of Kayne Anderson Capital Advisors, has invested in Drivewyze to support the growth of its mobile-based weigh station bypass business for the trucking industry.
Headquartered in Edmonton, Alberta, with offices in Burlingame, California, Drivewyze helps commercial trucking companies save time and money by allowing their trucks to bypass weigh stations based on the strength of their safety records. Founded in 2003 by transportation technology experts Brian Heath (Chief Executive Officer) and Fred Ko (VP of Operations), IIS is a privately held company that develops solutions to improve transportation safety and efficiency for governments, businesses
Baker Botts, an international business law firm, advised clients on over 35 major M&A transactions (including spin-offs and split-offs) valued at nearly USD200 billion in the second half of 2014.
When combined with M&A deal volume and value from the first half of the year (38 deals for a total value of USD56.6 billion), Baker Botts’ totals exceeded USD250 billion, representing a 233% increase over 2013.
“Large energy transactions continued to lead the way in 2014,” says David Kirkland, Co-Chair of Baker Botts's Corporate Department.
“While deal volume increased, deal size is what really drove M&A totals to much higher
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