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Carolon Capital and Red Rocks Capital are planning to launch a UCITS fund with an investment strategy focused on listed private equity.
The Red Rocks Global Private Equity UCITS Fund is targeted for launch in late 2014 or early 2015 subject to various regulatory approvals from the Central Bank of Ireland.
Through an open-ended structure, the fund will be organised as a sub-fund of a Dublin based corporate entity, Carolon Investment Funds plc, which will be a variable capital investment company. The authorisation of Carolon Investment is subject to regulatory approval.
Red Rocks will serve as the fund’s
David Wilton is to join Morgan Stanley Alternative Investment Partners (AIP) as a managing director with a focus on private equity impact investing.
AIP will develop a private equity impact investing programme in partnership with the Morgan Stanley Institute for Sustainable Investing, which seeks to drive private capital toward investments promoting sustainable and profitable economic growth.
Wilton joins Morgan Stanley from the International Finance Corporation (IFC), where he was chief investment officer and manager of its global private equity arm. During his time at IFC, he helped build out the private equity portfolio to more than USD4 billion invested
HIG Growth Partners has made an investment in Boostability, a provider of search engine optimisation (SEO), local search, website creation, social and other digital marketing services.
Headquartered in Lehi, Utah, Boostability uses its proprietary management software platform to perform thousands of marketing tasks each day.
The company’s founders started the company in January 2009 with the idea of creating affordable and effective SEO services for the small business marketplace. Boostability has over 500 employees in the US, Canada and Australia.
Co-founder and CEO Travis Thorpe says: “We are pleased to partner with HIG whose breadth of digital marketing
Private equity firm Encore Consumer Capital has completed the sale of The Isopure Company to Glanbia plc, the Ireland-based global performance nutrition and ingredients company, for USD153 million.
Robert Brown, managing director of Encore Consumer Capital, says: "Isopure's founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We could not be more proud of what the team has accomplished in building the premier brand in protein-based sports nutrition."
"Encore provided strategic guidance and unwavering confidence in our team to execute our vision," says Hal
Covariance Capital Management, a provider of outsourced endowment management services to educational, healthcare and other non-profits, has appointed Kevin Nee as chief executive officer.
Nee will be responsible for the strategic leadership of the business, including new business development and day-to-day oversight of operations and finance.
Scott W Wise, who has led Covariance as president and chief investment officer since its launch in 2011, will remain in those roles.
“We are pleased to welcome Kevin to the Covariance team. We are confident that his background and expertise will be extremely valuable, particularly his experience as a long-term investor
Neuberger Berman Private Equity has exceeded total committed capital of USD1 billion from Japanese and Korean investors.
Neuberger Berman managed approximately USD31 billion in alternatives assets for institutional and individual investors as of 30 June 2014.
"We are very pleased with continued client interest in our private equity capabilities, reflecting our nearly 30 years of dedication to generating performance,'' says Anthony Tutrone, global head of Neuberger Berman Alternatives. "Our global investment team conducts extensive due diligence on numerous investment opportunities, enabling us to select the most attractive private equity investments."
"We are excited to have such a remarkable
TMF Custom House Fund Services, a provider of fund administration services to the alternative investment sector, has appointed Kevin Walsh as chief operating officer for fund services.
Walsh is based in Dublin.
"Kevin brings over 20 years of experience in the funds industry to TMF Custom House and will play a pivotal role in the company as we are positioned for further growth and expansion of our fund administration services following the finalisation of our acquisition by the TMF Group," says Mark Hedderman, CEO, TMF Custom House. "Kevin will oversee our global operating model and is responsible for the
Peter Hugh Smith is to join Capita Asset Services as managing director of Capita Financial Managers Limited in November 2014.
He joins from WAY Fund Managers where he has held the position of CEO since August 2012.
Chris Addenbrooke, chief executive of Capita Asset Services’ fund solutions arm, says: “Peter brings with him a depth and breadth of management, distribution and investment industry experience which makes him the ideal candidate to take Capita Financial Managers Limited forward. Peter’s previous roles include around 12 years as managing director of Russell Investments’ wholesale distribution business, and also time as a fund
Funds managed by affiliates of Apollo Global Management have launched Alteri Investors, a joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe.
Structured as a partnership between funds managed under Apollo’s credit business (Apollo Credit) and a team led by former GA Europe chief executive Gavin George, Alteri will initially focus on the UK and Germany.
It expects to invest in retailers through both debt and equity transactions, typically in the GBP10 million to GBP50 million range, with additional capacity for larger transactions.
Alteri will also seek to lend to retailers directly,
International law firm Pinsent Masons has appointed corporate dealmaker Barry McCaig to head up its 280-strong Glasgow office.
McCaig has been with the firm for 14 years since qualifying as a lawyer and is one of 11 Pinsent Masons partners and directors in Scotland.
In the last year he has been integral in a number of big ticket acquisitions and fund-raisings.
He recently advised Blue Water Energy in the launch of exploration company Siccar Point Energy which has a GBP300 million war chest for North Sea oil and gas development, provided equity advice to TDR and Sun Capital
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