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Bowside Capital has held the final closing of Bowside Capital Fund III, with USD37.25 million in capital commitments.
“The offering was well received by our existing limited partners and other new investors, allowing us to exceed our target of USD35 million in under 12 months,” says Christian Albert, managing partner. “Our consistent and focused investment strategy on the small buyout market and the performance of the predecessor funds contributed to the success of the fundraise.”
Bowside's investment program is designed to build a diversified portfolio of investments in the private small cap market. Bowside invests in US and Canadian private
First Names Group has formed Global Structured Finance Services Unit in the USA. To drive this new corporate service the Group has appointed Orlando Figueroa (pictured) and Mark Ferraris as Managing Directors.
Ferraris and Figueroa will be responsible for driving the global strategy to deliver services through both First Names Group’s existing network including the United Kingdom, Luxembourg, Ireland, The Netherlands and Switzerland new jurisdictions. They will focus on the global capital markets industry, specifically those services associated with the formation, management, governance, accounting and administration for special purpose entities for securitisations and other types of complex financing structures.
Ferraris
Connecticut Insurance Commissioner Thomas B Leonardi has agreed to join the Evercore as a senior advisor with a focus on the insurance industry sector.
Leonardi has nearly 40 years of experience as an investment banker, venture capitalist, attorney, and insurance company president, and is widely regarded as a leading expert on systemic risk, group supervision, and international regulatory issues.
Roger Altman, Evercore’s Executive Chairman, says: “At a time of intense regulatory changes in the insurance industry, both here and abroad, Tom’s professionalism, knowledge and experience, coupled with his personal character and integrity, will prove invaluable to a wide range
Venture capital investor Albion Ventures has launched the Albion VCTs Top Up Offers which are seeking to raise up to GBP25.5 million across its six venture capital trusts (VCTs).
The Offers are targeting a monthly tax-free income of around 6% (should investors choose to invest equally across all Offers), equivalent to approximately 8.5% on the net cost of investment after up-front tax relief at 30%. Investors in the Offers also have the option to boost their capital growth by participating in the dividend reinvestment scheme (“DRIS”), under which dividends are reinvested in the form of new shares in the Albion
Valence Health has received a USD15 million growth equity investment, the second round of financing the company has received in its nearly 20-year history – the first being USD30 million in the summer of 2012.
Led by Heritage Group, a healthcare-focused venture capital firm based in Nashville, this investment round also included Foundation Medical Partners, GE Ventures, and North Bridge Growth Equity.
“Valence Health is unique among organisations assisting healthcare providers in implementing and managing various forms of value-based care,” says Rock Morphis, Managing Director at Heritage Group. “They have been helping providers with clinical integration, risk-arrangements and provider-sponsored
LexShares, a crowdfunding platform that enables individuals to invest in litigation, is now operating.
The platform connects accredited investors with plaintiffs in commercial lawsuits to make an equity investment in a specific case. If the plaintiff prevails, the investor will receive a portion of the proceeds, from a settlement or court judgment, proportionate to the investment. LexShares can be accessed at www.lexshares.com.
“LexShares provides a transparent, economically rational and efficient means for connecting plaintiffs with investors to fund their commercial legal claims,” says Jay Greenberg, Co-Founder and CEO of LexShares. “In doing so, we hope to provide plaintiffs with
Lazard Asset Management has expanded its global Multi Asset capabilities with the addition of Rupert Hope as a Director and Portfolio Manager.
Based in New York, Hope will help grow the firm’s Emerging Market and Global Multi Asset solution platform.
"With more than 20 years of experience, Rupert has the specific set of skills needed to translate client needs into investment objectives and active allocation decisions," says Jai Jacob, who heads the Multi Asset investment team. “His expertise in, and perspectives on emerging markets will help us continue to deliver comprehensive client solutions.”
Prior to joining Lazard, Hope
US private equity firms and their funds have grown investments in the life insurance sector over the past several years, says Fitch Ratings.
However, that growth is expected to moderate as the high-value opportunities in the sector that manifested themselves the aftermath of the financial crisis have largely dried up. Heightened scrutiny by state insurance regulators will also be a headwind on private equity's further penetration in the life sector, at least over the short term.
Private equity's expansion into the life sector has helped certain European and Canadian insurers in their efforts to exit or pull back from the
MarketNet Services, a client of Mergers & Acquisition advisor Generational Equity, has been acquired by a Private Investor.
MarketNet Services provides specialty sales lead processing, nurturing, and management services. MarketNet helps its client's manage their sales leads using its proprietary web-base platform and marketing automation tools. The Company's proprietary web-base platform collects and scores sales leads and then distributes specific lead to the respective sales organisations.
Managing Director Doug Smith and his team, including affiliate Jim Hines and Vice President Musa Jagne, led the Generational Equity deal team that advised MarketNet Services on the transaction.
Increased infrastructure investment would drive economic growth and bolster the UK's competitiveness, according to Standard & Poor’s.
Standard & Poor’s currently expects real GDP to grow by 2%-3% per year over the next several years – yet it estimates that each additional GBP1 spent on infrastructure in one year (in real terms) would lift real GDP by GBP1.90 over a three-year period. It also projects a strong effect on job creation, with each extra 1% of GDP spent on infrastructure adding over 200,000 jobs in that year.
“The benefits of infrastructure investment do not stop at the short-term boost
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