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Power Capital Partners (PCP) has hired Eyob Easwaran as managing director and director of asset management, responsible for leading construction oversight, asset and risk management activities.
Easwaran will serve on the PCP investment committee.
Easwaran has more than 20 years of experience in the power industry in various capacities including engineering, project financing, construction, and asset and risk management.
Most recently, Easwaran was lead asset manager for Conduit Capital Partners, a private equity firm that invested in power projects in Latin America and the Caribbean. He managed a portfolio of power projects with approximately 1,000 MW of aggregate installed
French-based open-source software developer Akeneo has raised USD2.4m in start-up funds from venture capitalist Alven Capital.
The funds will be used for developing the firm's solutions in product information management (PIM).
Akeneo's use of open-source technology offers affordable access to software tools, contrasting with the domination of international competition by more expensive proprietary solutions. Akeneo has already won backing from investors Kima Ventures and Nestadio Capital.
"Akeneo is an open-source PIM application that is disrupting the market on top of proven technologies, such as PHP, Symfony and Oro Platform," says Yoav Kutner, co-founder of Magento. "It is able
HIG Capital has expanded its investor relations team with two new hires.
Jordan Peer joins the firm as managing director and head of investor relations, based in New York.
Thierry Edde joins the firm as director of investor relations, based in London.
Peer will oversee all marketing and investor relations activities globally across the firm’s private equity, growth equity, real estate, credit and life sciences funds. Edde will be responsible for investor relations efforts in the Middle East and Europe.
“We are excited to welcome these talented professionals to the firm. Peer and Edde have been hired
Wells Fargo Advisors is to pay a USD5 million penalty to settle SEC charges that it failed to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s non-public information.
The SEC also charged Wells Fargo for unreasonably delaying its production of documents during the SEC’s investigation and providing an altered internal document related to a compliance review of the broker’s trading.
The SEC charges are the first-ever against a broker-dealer for failing to protect a customer’s material non-public information.
According to the SEC’s order instituting a settled administrative proceeding, Wells Fargo
Business development companies (BDCs) are increasingly using off balance sheet investment vehicles called senior secured loan programmes (SSLPs) to increase their effective portfolio leverage without running afoul of regulatory limits on balance sheet leverage.
This is a trend that adds incremental risks, according to Fitch Ratings.
SSLPs are receiving greater interest from BDCs seeking ways to combat portfolio yield pressure in the currently tight credit spread environment.
Fitch says the incremental risks of SSLPs, which include increased effective leverage and the potential for increased net asset value (NAV) volatility, warrant attention given current competitive underwriting conditions and the
It’s a fair assumption to say that the proliferation of hedge fund regulation has spurred technology providers to produce newer, innovative solutions.
Central to this is the growing complexity surrounding data management. If one were to plot data volume over time over the last five years it would resemble a hockey stick with the introduction of Form PF reporting by the SEC two years ago marking the point at which managers began to deal with ‘Big Data’.
Whether it is Annex IV reporting under AIFMD in Europe, reporting on derivative positions under Dodd-Frank and EMIR, CPO-PQR, FATCA, reporting short selling positions to the Hong
Equities First Holdings (EFH) has acquired Meridian Equity Partners Limited in the UK.
Its operations will continue under the name Equities First (London) Limited.
Equities First Holdings specialises in shareholder finance with offices in London, Indianapolis, Hong Kong, Singapore, Bangkok, Sydney and Perth.
“Today’s acquisition is transformational for our company and brings our services and brand to a new, global level. With seven offices to serve clients in Europe, Asia, Australia and the US, we are able to offer liquidity at attractive levels against publicly traded shares to individual investors, businesses, and executives of public companies around the
International law firm Akin Gump has appointed four partners from Bingham McCutcheon in the firm’s corporate, restructuring and funds practices in London and Hong Kong.
The new partners are: Vance Chapman (corporate, London), Thomas John Holton (funds, London), Matthew Puhar (corporate, Hong Kong) and Thiha Tun (funds, London).
These practitioners join 22 partners from Bingham McCutchen who, as announced on September 17, will be joining Akin Gump in London, Hong Kong and Frankfurt over the coming weeks.
Akin Gump chairperson Kim Koopersmith says: “We were thrilled with our announcement last week, and the chance to welcome these additional
Dion Global Solutions has launched a new technology solution, AlphaClick, which aims to enhance portfolio monitoring for private equity and venture capital firms.
AlphaClick streamlines the collection and analysis of portfolio company data, enabling fund managers to meet increased transparency and reporting requirements.
Dion has deployed the solution at RTP Ventures, a US-based venture capital firm specialising in investing into software companies.
AlphaClick automatically turns raw investee information into actionable insights. This reduces time spent on collecting, processing and analysing data, and simplifies and improves reporting and decision-making.
Experienced financial analysts support the automated validation and standardisation,
The US Securities and Exchange Commission (SEC) has charged a New York-based investment advisory firm with breaching its fiduciary duty to a pair of private equity funds.
According to the SEC charges the firm shared expenses between a company in one fund’s portfolio and a company in the other fund’s portfolio in a manner that improperly benefited one fund over the other.
An SEC investigation found that while Lincolnshire Management integrated the two portfolio companies and managed them as one, the funds were separately advised and had distinct sets of investors. Despite developing an expense allocation policy as part
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