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A Seattle-based firm that created one of the largest hospital systems in Southeast Asia and India plans to invest another USD150 million to expand its network to 34 hospitals and one clinic by 2018.
Columbia Pacific Management and its investment partners created the Columbia Asia hospital system with a business model focused on serving Asia’s rapidly growing middle class with modern and efficient multispecialty hospitals located close to where patients live and work.
Columbia Asia opened four new hospitals in the last few months – in the Indonesian capital of Jakarta, in the Indonesian city of Semarang and in
New Zealand's first peer to peer lender (P2P) Harmoney has launched an online lending marketplace with USD100m of lending capital.
Chief executive Neil Roberts says that Harmoney will turn lending upside down and compete head-to-head with the banks in the personal loan and term investment categories.
"With our transparent low margin model, investors, for the first time, can access retail rates of return and a brand new asset class. Designed for investors seeking fixed rate/fixed term returns from the banks and 'prime' credit worthy borrowers looking for sharper interest rates, our mission is to shake up the market and
Specialist insurer Hiscox has launched the Private Investment Fund Portfolio, providing protection for many types of asset management firms.
The portfolio provides coverage for lawsuits alleging breach of fiduciary duty, fraud, insider trading, securities law violations, conflicts of interest and other common risks faced in this industry.
The complex US regulatory environment, heightened with the passage of Dodd-Frank, is increasingly exposing these firms to litigation from investors, portfolio companies, minority shareholders of portfolio companies, regulatory agencies, employees and a number of other third parties.
Hiscox offers alternative asset management firms a portfolio of coverages specifically designed to protect
William Grant & Sons has acquired the Drambuie Liqueur Company, owner the Drambuie whisky liqueur brand.
William Grant & Sons’ brands include Glenfiddich and The Balvenie single malt Scotch whiskies, Tullamore DEW Irish whiskey, Grant’s blended Scotch whisky, Hendrick’s gin and Sailor Jerry spiced rum.
Drambuie is a unique blend of aged Scotch whisky, spices and heather honey.
William Grant & Sons’ chief executive Stella David says: “We have a passion and a reputation for nurturing and building brands. Drambuie is a natural fit for our portfolio, it has a very rich history and a great story to
Palm Beach Capital Fund III, through one of its investment entities, has agreed to make an investment in Harold Levinson Associates, a full-line distributor to US convenience stores and tobacco shops.
The transaction is expected to close within the next 30 days. Financial terms have not been disclosed.
“Palm Beach Capital shares our same customer-centric philosophy, entrepreneurial spirit and dedication to growth,” says Ed Berro, chief executive officer and co-founder of Harold Levinson Associates. “With their experience and capital, we plan to continue the aggressive growth of the company both organically and through strategic partnerships for years to come.
Less than a year after launching the fundraising, Edmond de Rothschild Investment Partners has held the final closing of its new FPCI, Winch Capital 3, at EUR300m, well over the initial target.
This is the largest fundraising ever for a Winch Capital fund.
Pierre-Michel Passy, president of Edmond de Rothschild Investment Partners, says: “We were targeting a final closing of EUR250m. In less than a year we reached the EUR300m hard cap after reducing the latest investors to the fund. The success of this fundraising was facilitated by the strong loyalty of our client base as 23 institutional investors
Groupe LFPI has appointed Erin Sarret to the newly-created role of head of investor relations.
Sarret has worked in asset management at AXA IM in Paris and alternatives at Morgan Stanley AIP in London, Wilshire in Amsterdam and Access Capital Partners in Paris.
Since 2001, she has been a frequent contributor to asset management and alternative forums across Europe.
Sarret is a lawyer by training having started her career as a litigator in San Francisco.
The Russia-China Investment Fund (RCIF) is to make an investment in JSC Detsky mir, the biggest player in children’s merchandise in Russia.
Currently, 100 per cent of the company’s share capital is controlled by Sistema JSFC.
Under the terms of the deal, most of the investment will be spent towards future development, in particular plans to open new shops and build additional logistics centres.
RCIF’s investment will support the development of the chain by providing modern systems and distribution channels of children’s goods in the Russian regions.
Kirill Dmitriev, co-chief executive of RCIF, says: “We are delighted
Wellington Financial has appointed Rob Helm and Sean Lynden as partners.
Helm and Lynden will be based in Wellington's new office in San Jose, California.
Helm joins Wellington with 14 years of experience financing high-growth technology businesses. Prior to joining Wellington, he was a partner with Gold Hill Capital, with responsibilities for transaction sourcing and adjudication. Before he joined Gold Hill in 2003, he spent three years with Silicon Valley Bank.
Lynden joins Wellington with over 20 years of experience providing debt financing to growth companies, primarily in the California region. As a founding partner of Gold Hill
Principal lender Signature Private Finance has made two key appointments.
Nigel Robbins, who joins from Cigna Legal Protection, a provider of legal protection plans, takes up the role of business development manager.
Steve Cleaver, formerly with Furness Building Society, has been appointed as an underwriter.
Signature, which offers a national service from offices in Birmingham and London, is backed by private equity funding.
Robbins: “I am joining Signature Private Finance, a firm on the rise, at a time when there is renewed optimism in the sector, with new property investors entering the market on a daily basis. I
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