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It’s fair to say that under AIFMD UBS Fund Services has got all bases covered. Not only has the firm developed a depositary solution to support both EU-based and non-EU based funds under Article 21 and Article 36 of the directive, it also has a management company platform that can allow it to act as a third party AIFM (after 22th of July) as well as the ability to act as the Swiss legal representative to managers wishing to continue marketing their AIFs into Switzerland.
It’s a comprehensive offering that few can rival.
Depositary solution – an open architecture
Tikehau Investment Management and Macquarie Lending have provided a unitranche loan facility to finance the growth of the Itas TIM Group, the television towers broadcasting company based in France.
Within the last five years, under the leadership of its founder and CEO Gilles Bastard, the company has replicated 380 out of the 1,525 secondary broadcasting towers network and has become a core player in broadcasting, capturing 10 per cent market share (by number of services).
In light of this achievement, Itas TIM is accelerating its focus on replicating the 112 primary broadcasting towers network and on expanding into the
Augentius Depositary Company Limited has received authorisation from the Financial Conduct Authority (FCA) to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
David Bailey, chief executive officer at Augentius Depositary, says: “We have worked hard to create a sophisticated but un-intrusive depositary capability, whilst at the same time ensuring that all the oversight requirements as set out by the Directive are fully and properly met.
“Augentius Depositary is a stand-alone business, segregated from our fund administration business, with expert staff and dedicated systems. We are already
Napier Park Global Capital has appointed Dan Kittredge as a managing director of the firm’s private equity group, Napier Park Financial Partners.
“We have known Dan for over 15 years and have had the privilege of co-investing with him in HealthEquity, one of our current portfolio companies,” says Manu Rana, managing director and co-head of Napier Park Financial Partners. “Dan has an outstanding track record of identifying innovative high-growth companies in financial services and building their value. We look forward to Dan contributing greatly to the Napier Park franchise as we continue to grow.”
Prior to joining Napier Park, Kittredge
New York-based IQ Financial Marketing Corp is offering hedge funds, private equity firms and other boutique asset managers a complimentary audit of their current marketing materials.
The offer, which applies to both start-ups and well-established firms, gives organisations an opportunity to have IQ’s senior marketing team view their current marketing materials, provide objective feedback, and recommend steps to make their marketing communications more competitive.
IQ’s principals Michael H Greenstein and Nancy J Dennis are long-time financial marketing consultants well versed in helping financial services firms achieve competitive advantages through branding, marketing strategies and communications.
“Our aim is to
PrivatEquity.biz, Israel’s first secondary market trading arena, has begun operations allowing private investors, family offices, investment firms, and venture capital funds to purchase the securities of private companies.
Currently the securities of about a dozen companies which have concluded the registration process are available via the web-based service.
Other companies interested in raising capital via the market as well as other private holders of high-tech companies' securities are currently concluding the registration and will be availablesoon
The PrivatEquity.biz site is available in Hebrew, English and German version and, so far, 70 per cent of the investors
Private equity firm GTCR’s management partnership Opus Global, led by former VeriFone chief executive Douglas Bergeron, has acquired Hiperos, a specialist in third party management.
Hiperos’ SaaS-based solutions serve the third party-related information management, risk, compliance and performance needs of Global 2000 companies such as Aetna, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Microsoft, News Corporation, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.
GTCR and Opus Global – in partnership with Hiperos’ current management team – will look to accelerate the company’s strong rate of organic growth by investing in global
Chancery Investment Partners (CIP), a provider of tax efficient private equity investments, has hired Patricia Reynolds as business development director.
Reynolds joins CIP from Carey Pensions, the UK administration and trustee company of Guernsey-based Carey Group.
Prior to Carey, Reynolds was at The Royal Bank of Scotland for over 15 years, where she spent nine years as senior business financial planning manager with responsibility for the sale of retail financial services products including SIPPs and savings and investment products to the bank’s retail business and commercial banking clients.
Gary Robins, partner at CIP, says: “Patricia has a fantastic relationship
Agritek Holdings is to receive an estimated USD400,000 from its institutional partners and private equity fund based in Chicago this month.
The funds will be used to roll out and market the company's Mont Blunt brand of e-cigarettes and to cover initial infrastructure costs related to its agricultural greenhouse project based in Pueblo, Colorado.
"Our appearance at last week's First Annual Cannabis conference in Denver clearly raised awareness of our company and the Mont Blunt brand to the investment public and investors alike. We have already received the initial USD200,000 to our balance sheet as of last week and
Private equity firm Vector Capital has acquired IPVALUE Management from existing venture investors and other shareholders.
Financial terms of the transaction have not been disclosed.
IPVALUE, founded in 2001, is a provider of intellectual property (IP) transactional and advisory services for the world’s premier technology companies, top R&D labs, and other developers and owners of marquee intellectual property.
IPVALUE partners with these IP owners to generate revenue from under-monetised patents via licensing, as well as via patent sales or divestiture transactions when appropriate.
Rob Amen, a managing director at Vector Capital who will join IPVALUE’s board of
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