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Alexander S Panos, a general partner and managing director of TSG Consumer Partners, is leaving the firm to start his own private equity fund.
Chuck Esserman, chief executive and founder of TSG, says: “Alex has been a valued member of our leadership team, and we wish him great success in his new business.”
Panos (pictured) joined TSG as an associate in 1998 in San Francisco and after successive promotions was named a managing director of TSG in 2004. In 2007, he moved to TSG’s New York office. He also served on TSG’s investment committee.
“I greatly appreciate my
Jill Calton (pictured) is a managing director of the Alternative Investment Services division at UMB Fund Services. Over the past 12 months, the firm, which currently administers just north of USD31bn in alternative investment assets, has seen increasing inflows into credit strategies and private equity funds; particularly the latter.
“We have several existing private equity clients that are entering new deals and launching new vehicles. We’ve also taken on a few fairly large private equity groups this year who have rotated out of other administrators. In addition, an increasing number of private equity managers who previously did fund administration internally are
Mid-market private equity firm ECI Partners has sold portfolio company XLN Business Services to XLN’s management team, financed by vehicles managed or advised by GSO Capital Partners.
XLN was the first investment from ECI’s Fund 9 in September 2010 and this exit has yielded ECI a 3x return on its investment.
During ECI’s period of investment XLN made two bolt-on acquisitions: acquiring Card Processing Solutions (to provide a credit and debit card processing service to its customer base) and Shine Telecom (a smaller provider of fixed line telecoms to small businesses).
Frank McKay, former CEO of Travis Perkins
Hargreave Hale has announced a new offer for subscription to raise GBP20 million into Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc.
Launched in 2004, the Hargreave Hale AIM VCTs, which are co-managed by Giles Hargreave and Oliver Bedford, offer investors access to a diversified portfolio of small companies listed on AIM, with a competitive share buyback policy.
The VCTs target a tax free income of five per cent and offer investors an upfront tax relief of 30 per cent, providing sufficient income tax is paid and the shares are held for at least
Following the decision by the California Public Employees’ Retirement System (CalPERS) to withdraw from their exposure to hedge funds, Preqin looks at the wider trends of US state pension plans’ exposure and activity in the hedge fund asset class. Read more…
Preqin evaluates investor appetite for liquid alternatives and managed account structures, and examines the reasons behind investors’ growing interest in these specialized structures, based on the results of surveys with 100 institutional investors in hedge funds and 150 hedge fund managers.
In recent years, demand for greater liquidity and transparency among institutional investors has led to growing appetite for liquid alternatives and managed account structures.
These fund structures offer investors an alternative to pooled hedge fund investments and help to make hedge fund strategies accessible to different investor groups which may have previously been unable to invest in the asset
Hampleton Partners has acted as financial advisor to the shareholders of Profit Software Oy on the sale of the company to Via Ventures Partners, Finnish Industry Investment Ltd and the company’s management team.
Profit Software delivers enterprise software solutions that allow insurers to manage all their services, business lines and processes.
The Finland headquartered company has operations in six northern European countries installing its applications on premise or as SaaS implementations.
“It was a pleasure working with Hampleton Partners. From beginning to end, they managed every aspect of the process and brought together the optimal transaction for all
Regulation and more detailed operational due diligence questionnaires used by institutional investors are pushing hedge funds to the limit of data management. Transparency is as great as it has ever been, but with that comes the need to process enormous volumes of data. Right now, however, large numbers of hedge funds do not have the required operational infrastructure to run a ‘Big Data’ strategy.
According to the results of a survey published by Thomson Reuters on 12 August 2014, 41 per cent of respondents (including broker-dealers, asset managers and hedge funds) currently lack a big data solution. The survey, ‘Big
SoftBank Corp is to invest USD250 million in Legendary Entertainment, a US film production company.
The two companies will also form a joint venture to exploit Legendary’s intellectual property rights.
Law firm Morrison & Foerster is providing advice to SoftBank on the deal, which is expected to close in October 2014.
Morrison & Foerster has a long-standing relationship with SoftBank and has advised the company on a number of high-profile transactions, including most recently in connection with Alibaba’s IPO, the largest IPO in history.
The firm was SoftBank’s lead counsel on another of the company’s major
Cushman & Wakefield and Spire Ventures have formed a strategic partnership with Pi Labs, Europe’s first property-focused technology accelerator company.
Founded by Faisal Butt (founder and CEO of Spire Ventures) and Umesh Kumar (former Techstars and Oxygen Associate) Pi Labs was created to assist start-ups focused on property and technology innovation.
The programme will accelerate the growth of these companies by providing them with access to investment, mentoring and business space.
From October 2014, property start-ups will be able to apply to join the Pi Labs accelerator programme which will be located within ‘Second Home’, a new 20,000
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