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Although much maligned for sub-par performance since the dot-com crash, venture capital returns for more recent funds have picked up significantly – one-year horizon returns are among the best in the entire private equity industry. Preqin’s latest special report examines the drivers of this recent success, and uncovers the impact of improved performance on LP attitudes towards the asset class and the prospects for future fundraising.
Following a rapid reversal of fortunes at the turn of the millennium, the venture capital industry has experienced largely lacklustre returns which have led to tough fundraising conditions for all but a select group
Delta Partners Emerging Markets TMT Growth Fund II is to make a USD10 million investment into CipherCloud Inc, a specialist in cloud information protection.
CipherCloud, which was founded and has a development centre and significant presence in Hyderabad, India, enables organisations to securely adopt cloud applications by overcoming data privacy, residency, security, and regulatory compliance risks. CipherCloud’s open platform provides comprehensive cloud application discovery and risk assessment, data protection – searchable strong encryption, tokenisation, data loss prevention, key management and malware detection – and extensive user activity and anomaly monitoring services. CipherCloud has over 3.0 million business users across 11
Jamieson Corporate Finance advised on the sale of United Biscuits, a leading international manufacturer of biscuits, from Blackstone and PAI Partners to Yildiz Holding, the Turkish food manufacturer.
United Biscuits is a leading manufacturer and marketer of biscuits in the UK and second largest in the Netherlands, France, Belgium and Ireland. It owns and operates 16 manufacturing facilities of which seven are in the UK. The transaction, for an undisclosed fee, was completed on 12 November 2014.
The Jamieson team was led by Ian Jamieson and Jonny Jones with support from Ross Wheeler. Jamieson advised Martin Glenn, CEO of
Sidley Austin has appointed David B Denechaud and Joe F.Flack III as partners in the firm’s private equity and energy practices, respectivley. Both will be based in Sidley’s Houston office.
Denechaud focuses his practice on private equity and energy (oil and gas) M&A transactions, while Flack has built his practice around oil and gas acquisition and disposition transactions.
Denechaud’s experience includes representing private equity clients, providing capital to the exploration and production, midstream, oilfield services and alternative energy sectors. He has broad transactional experience, including advising private and public companies on financial and strategic acquisitions and dispositions, and financings. In
5nine Software has secured a significant new round of financing led by Insight Venture Partners and the founders of Veeam Software.
Founded in 2009, 5nine Software now helps more than 25,000 satisfied organisations around the globe to reach the full potential of their virtual infrastructure. 5nine Software’s growth to date is rapid and this round of funding will be used to sustain this growth through adding key sales, marketing, and product development resources.
With this investment, Michael Triplett, Managing Director at Insight Venture Partners, and Ratmir Timashev, Founder and CEO of Veeam Software join 5nine Software’s Board of Directors.
“The
Hall Capital has created an investor relations office to provide a focal point of communications and services for investors in the firm’s various private equity, automotive, real est
By Adrian Jones (pictured) corporate partner, and Roger Clarke, banking and finance partner, at law firm Trowers & Hamlins – Distressed loan portfolios secured by property assets have proved an attractive investment class for private equity investors. In its June 2014 Financial Stability Report[1] the Bank of England noted that UK banks non-performing loans stood at around GBP165 billion in 2013. It is perhaps unlikely that the level of non-performing loans will decline significantly once interest rates start to rise and more bank borrowers fall into default and therefore the supply looks likely to continue for some time.
Why buy such assets?
Over a period of three years to March 2014, venture capital funds have produced average returns of 12.7%, on par with the “All Private Equity” benchmark over the same period, according to research by Preqin.
More capital was invested in companies by venture capital firms in Q2 2014 than in any other quarter, with USD23bn of funding across the quarter.
USD38bn has been raised by 220 venture capital funds reaching a final close in 2014 YTD (as at 14 October), already surpassing the USD31bn raised by 274 funds that closed in 2013.
More than half (56%) of venture
Kensington Capital Partners (Kensington) has launched the Kensington Venture Fund with an initial closing of investor commitments totalling CAD160 million.
This marks the next step in the Government of Canada's Venture Capital Action Plan (VCAP).
This new fund of funds will invest in promising VC funds and companies in the technology, cleantech, IT, telecommunications, and digital media sectors. The announcement will occur at the Canadian Innovation Exchange (CIX) today in Toronto.
Following an exhaustive review process, Kensington was selected to managethis large scale fund of funds. Kensington was chosen because of its financial performance in venture capital, the strength of
Bain Capital is combining three of its fresh food portfolio businesses – M&J Seafood, Pauleys and Wild Harvest – to form a new company, Fresh Direct.
The new company will be jointly owned by Bain Capital & Nigel Harris. Current Fresh Direct owners, Nigel & Colin Harris will continue to take an active role in the future success of the New Company.
The new Company will create an "all-in-one" fresh food destination for chefs and caterers, for their produce, fish and seafood, meat and exclusive fine dining product requirements.
The New Company and management team will be led
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