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Since the Alternative Investment Fund Managers Directive (AIFMD) came into full effect, MPMF Fund Management (Ireland) Limited is continuing to gain momentum.
MPMF has on-boarded a number of well-known alternative investment funds (AIFs) and anticipates continued significant interest in the services offered.
AIFMD is the European Union (EU) directive that came into force on 22 July 2013, with a transitional compliance date of 22 July 2014. The directive regulates EU and non-EU fund managers that market AIFs to investors domiciled, or with a registered office, in the EU.
MPMF, a Central Bank of Ireland authorised alternative investment fund
The sector and credit outlooks for US business development companies (BDCs) are negative for 2015, according to Fitch Ratings' 2015 BDC Outlook report.
Competitive underwriting conditions, unsustainable asset quality metrics, and a notable shift in risk appetite, for some issuers, are among the factors that will pressure certain BDC ratings over the next year, according to Fitch.
Middle market underwriting conditions remain fiercely competitive, reflected by tighter yield spreads, higher leverage, and weaker covenant packages. These competitive dynamics make it more difficult for lenders to find attractive deals, resulting in a steady decline in portfolio yields and heightened pressure
Law firm Eversheds has appointed funds and real estate tax lawyer Cathryn Vanderspar as the head of its London tax team.
Vanderspar joins the firm from Berwin Leighton Paisner where she has been a tax partner for over 16 years.
Vanderspar’s experience covers unauthorized and authorized funds and listed vehicles (including REITs), across the various asset classes, including real estate, debt and private equity. Her real estate work includes both direct and indirect structuring across the sector, from development to joint ventures and inward investment, working for a wide variety of clients. Specific sector experience includes healthcare, residential and
The Perth Leadership Institute has laid out a new approach to hiring the right chief executives for private equity companies in its new White Paper on measuring the profitability impact of CEO behaviours.
The White Paper reveals how to use new and unique psychometric methods to predict the CEO’s impact on profitability and valuation of private equity portfolio companies.
These are based on proprietary approaches derived from behavioural economics and behavioural finance, which are utilised to produce its new and innovative Behavioural Proforma. This predicts the future income statement of a company based on behavioural data from the CEO
Advent International has received USD2.1 billion in commitments for Advent Latin American Private Equity Fund VI (LAPEF VI), reaching the fund’s hard cap after less than six months in the market.
LAPEF VI is the largest private equity fund ever raised for Latin America. Advent’s previous fund dedicated to the region, LAPEF V, closed on USD1.65 billion in 2010.
“We are pleased with the strong support we received from both existing and new investors,” says Advent managing partner Patrice Etlin. “We believe the high level of demand reflects our leadership position in Latin America based on our strong 18-year
PwC has become a sponsor of Seedcamp, the London-based investment fund that supports and accelerates start-ups from the pre-seed and seed capital stage.
PwC will also offer a new cloud-based accounting service for SMEs, My Financepartner, to this September’s Seedcamp intake.
Tony Price, PwC partner with responsibility for My Financepartner, says: “If early-stage companies are intending to grow fast, they need to get on top of issues such as cash burn rates, R&D tax credit support and statutory reporting. Later they’ll need support to secure further funding rounds and to plan for headcount growth.
“My Financepartner helps smaller
Albion Community Power (ACP) has invested GBP1.8m in partnership with Welsh developer Infinite Renewables to fund the development of a 500kW single wind turbine on a freehold site in Tredegar, in South Wales.
The site is located on the land next to Waldron Commercials, Tafarnaubach Industrial Estate. The turbine is expected to produce its first power in the summer of 2015 and is predicted to generate over 1,400MWh of electricity per year. ACP, which is the majority shareholder in the project, has forecasted an inflation linked IRR of 13% for a period of 20 years.
This is ACP’s second 500kW
Private equity firm NorthEdge Capital has invested in Stoke-based composite door manufacturer Solidor.
Founded in 2004 and led by Gareth Mobley, Solidor is a leading manufacturer of hardwood core composite doors. With over 130 employees, the business has seen sales grow more than 10-fold in the last five years.
NorthEdge Capital, which has offices in Manchester and Leeds, is focused on investing in businesses in the North of England and the investment will allow Solidor to accelerate its growth plans by expanding its senior management team. The business will also continue to invest in operations, capacity and IT, whilst also
The Angel CoFund, a Government-backed fund supporting high-growth businesses across the UK, has made its first investment into Northern Ireland, with a GBP1.1m round in Sophia’s advertising platform Ambiance.
Ambiance uses Artificial Intelligence to tackle the online issue of banner advertisement blindness. Spun out from the University of Ulster and the St. Petersburg State University in Russia, Sophia received seed funding from Halo, the Northern Ireland Business Angel Network in 2010 and further funding from Atlantic Bridge in 2012. Today’s funding announcement brings the company’s total funding to date to £5.75m. The company is already making its mark on the
Private equity, infrastructure and real estate fund and corporate services provider Alter Domus has appointed Davinia Smith as country executive UK.
As Alter Domus enters its 11th year, the expansion of its London office and appointment of Smith is in line with the firm’s strategy to develop the UK as one of its key strategic locations in growing its business and developing its international client base.
Smith, who has 20 years of experience in financial services, will be responsible for driving the performance and growth of the UK business together with expanding new and existing client relationships in the
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