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Over half of the respondents in Preqin’s latest bi-annual survey allocate, or plan to allocate, to liquid alternative funds, further reaffirming that this asset class is here to stay.
As reported in Preqin’s latest Hedge Fund Spotlight report, 35 per cent of the more than 100 investors surveyed by Preqin in June said that they currently invest in liquid alternatives; either alternative UCITS (Europe) or alternative mutual funds (US). A further 16 per cent said that they planned to in the future. Separately, Preqin also surveyed more than 150 hedge fund managers to get their views on this growing space.
Averys, the French storage systems company specialised in shelving and metal furniture for industrial use, has completed a EUR165 million refinancing.
Backed by LBO France since 2008, Averys completed a transformative build-up in 2013 with the acquisition of Stow, doubling the group’s revenue and EBITDA.
The group is now the European number two in its sector with two thirds of sales coming from outside of France.
Laurent Mabileau, director with LBO France, says: “This refinancing follows the successful integration of Stow and reflects the confidence of Averys’ financial partners. The new facility is fully adapted to support Averys’
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a Strategic Regulatory Response Plan for clients.
The new service was designed in collaboration with the founders of Strategic Enforcement Advisors (SEA) as part of an exclusive relationship between the firms.
The product prepares managers to deal with SEC enforcement or investigative action, comprising expert, targeted support and advice. It is not designed for firms currently reacting to or expecting imminent enforcement action. It is designed to enable firms to prepare for any potential future action, allowing firms to minimise disruption and
Pan-European mid-market private equity firm Agilitas has appointed Kevin Iermiin as an investment executive.
Iermiin joins from Bank of America Merrill Lynch where he was a vice president in the Nordic investment banking team in London.
He has spent the last eight years working on a wide variety of transactions including mergers and acquisitions, IPOs, structured products and debt instruments across a number of sectors and European geographies.
Iermiin also worked as an equity analyst for four years, covering the industrial small and midcap sector in Denmark.
Martin Calderbank, founding partner at Agilitas, says: “Kevin has an
La Française has appointed Pierre Schoeffler as senior global asset allocation advisor, a role that will cover all asset classes managed by the group.
Xavier Lépine, chairman of the board of La Française, says: "Pierre's experience, advice and quantitative tools will help reinforce our strategic overview in terms of allocation through a quantitative approach to the various asset classes.
“Our strength lies in the diversity and originality of our solutions and approaches, and our ambition is to optimise their combination by drawing on Pierre's vision as a portfolio strategist. In the current low rate environment, our aim is to
Keensight Capital, a European growth private equity firm, has completed the sale of FircoSoft, a provider of watch list filtering solutions for bank transactions, to Reed Elsevier.
Created in 1990 and based in Paris, FircoSoft provides software solutions which allow its clients to filter financial transactions against sanctions and watch lists in order to ensure compliance with existing regulations while meeting Know Your Customer (KYC) requirements.
Keensight Capital first invested in the company in May 2011 through a majority LBO transaction, alongside the management and Paris Orléans.
In three years, FircoSoft has opened seven new offices throughout the
An investment fund that Adamas Finance Asia (ADAM) invested USD1 million in last September has exited from a credit-finance project with a gross IRR of 22 per cent.
ADAM has also received a second semi-annual dividend distribution in the amount of USD75,301.98 from its investment in GCCF.
Following an initial dividend payment in March 2014, GCCF has to date yielded an annual dividend return of 15.06 per cent for ADAM.
GCCF was launched in August 2013 by Hong Kong-based Adamas Asset Management (HK) Limited, which since February 2014 has been has been acting as ADAM's investment manager.
Eos and Greenstone Equity Partners have joined forces in the Gulf Cooperation Council (GCC) region to meet rising investor demand for global investment opportunities in alternative assets.
Greenstone Equity Partners, a Dubai-based fund placement firm, will bring an Eos sponsored credit fund to the region's sovereign wealth funds, institutional investors and family offices.
Partnering with Eos, Greenstone Equity Partners is able to address its clients' demand for liquid alternative assets.
Eos is collaborating with Greenstone Equity Partners to expand its brand within the region and to develop new relationships with GCC-based investors.
"Greenstone is a leader in
The Hedge Fund Association (HFA) has submitted a comment letter to the US Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation D.
The HFA is urging the SEC to reject an increase in the current requirements, originally set in 1982, to account for inflation. The definition was already significantly narrowed when the value of an investor’s primary residence was excluded under The Dodd–Frank Wall Street Reform and Consumer Protection Act.
“While the HFA fully appreciates and shares the SEC’s goal of protecting investors
Uniplaces has secured GBP2.2 million in a second round of investment from venture capital firm Octopus Investments as it plans major expansion in key student cities worldwide.
After previously investing over GBP700,000 in November 2013, Octopus Investments showed continued interest in the brand as it followed on into the latest funding round.
Other investors in this round include Alex Chesterman (founder of Zoopla and LoveFiLM), Portuguese angel fund Shilling Capital Partners, and Rob McClatchey (former chairman of University Partnerships Program Ltd and managing director of Barclays Capital), who also joined the board as a non-executive director.
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