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Private equity fund administrator Ipes has appointed Mark Coppin as operations director for Ipes UK.
Coppin (pictured) brings with him more than 16 years financial services experience during which he has specialised in private equity accounting and administration.
A member of the Institute of Chartered Accountants in England and Wales (ICAEW) Coppin has joined Ipes from Langham Hall where he was in charge of the private equity reporting team, advising clients in private equity funds, venture funds and fund of funds.
Coppin says: “I joined Ipes because it has a pure private equity focus and real strength and
The AIM-quoted investment fund Adamas Finance Asia (ADAM) expects to benefit from newly-introduced reforms to ease controls on cross-border lending to Chinese businesses.
The new reforms were introduced this month by China’s State Administration of Foreign Exchange (SAFE) to address concerns that tight credit and slowing investment may stall the country’s 7.5 per cent GDP growth objective for 2015.
According to the Magic Circle law firm Clifford Chance, the easing of lending controls can be expected to reduce transaction times and associated costs for offshore investors who also stand to benefit from increased flexibility and strengthened enforcement over security.
Castle Hall Alternatives has launched OpsDiligence, an online platform allowing investors to build due diligence programmes across all asset classes, including hedge fund, private equity and long only portfolios.
“OpsDiligence offers a new solution to the challenges of investor due diligence,” says Chris Addy, Castle Hall’s president and chief executive. “As the operational due diligence process has matured, investors now require a flexible, risk based approach, coverage across all holdings, irrespective of asset class, and a far more sophisticated technology platform. OpsDiligence delivers across all these criteria.”
The foundation of OpsDiligence is OpsData. Castle Hall populates the OpsData online
The Islamic Development Bank has launched the USD2 billion Islamic Development Bank Infrastructure Fund II, the largest private equity infrastructure fund dedicated to the 57 member countries of the IDB.
The IDB Fund II is supported by the Public Pension Agency of the Kingdom of Saudi Arabia, the Public Investment Fund of the Kingdom of Saudi Arabia, the Ministry of Finance of the Kingdom of Bahrain and the Ministry of Finance of the Sultanate of Brunei Darussalam as founding investors, with aggregate commitments totalling USD750 million for the first closing.
A final closing with additional investors is targeted for
Alter Domus has completed the acquisition of Vigel & Associés, based in Paris, France.
Vigel & Associés specialises in providing accounting, tax compliance and administration services principally for real estate firms but also for private equity, corporate and private client structures for both international and local French clients.
The firm was founded in 2002 by Claude Vigel and comprises of 17 people, who will all join Alter Domus as part of the acquisition. Vigel will head up the Alter Domus overall operations in France.
Laurent Vanderweyen, chief executive officer of Alter Domus says: “The acquisition of Vigel &
Andrew Crawford has joined General Atlantic (GA) as a managing director based in New York.
He will lead GA’s global investment activity in the retail and consumer sector.
General Atlantic’s most recent investments in this sector include Tory Burch and AND Designs.
“We are pleased to welcome Andy to our global team and to lead our efforts in the retail and consumer sector,” says William Ford, CEO of General Atlantic. “Andy’s investing acumen, retail and consumer expertise and leadership qualities will be a significant addition to our team.”
Crawford says: “I have long admired General Atlantic and
Hycroft, a specialty investment bank focused exclusively on the alternative investments market, has appointed Tom Bratkovich as managing director.
Bratkovich will head Hycroft's San Francisco office and provide coverage for the US West Coast and select Asia-Pacific markets.
At Hycroft, Bratkovich will lead the firm's limited partner advisory and portions of the firm's transactional practice, have a strong role in the distribution of primary and secondary offerings, and play a key role in Hycroft's anticipated principal investment practice supporting Hycroft's general partner clients in their financing and restructuring needs.
Scott A Myers, managing director of Hycroft, says:
VPS Acquisitions, a company owned by funds managed by TDR Capital, has sold VPS Holdings to European private equity firm PAI Partners.
VPS is a European vacant property specialist providing vacant property alarms, motion triggered video/CCTV systems and security screens/doors, together with specialist property management services, such as facility services, manned guards and live-in guardian services.
Robert W Baird, a global middle-market investment bank, advised VPS Acquisitions on the deal.
Jonathan Harrison, a managing director in Baird’s global investment banking business and a lead banker on the deal, says: “VPS is a rare pan-European investment opportunity, with strong
An affiliate of Sun European Partners is to sell its investment in DBApparel, the designer and manufacturer of branded ladies and men’s intimate apparel, to HanesBrands for EUR400m.
The proposed transaction is subject to customary approvals, such as the completion of the consultation process with the employee representatives.
Headquartered in France, DBA’s brands include DIM, Playtex, Wonderbra and Shock Absorber. The company has a strong presence in France, Germany, Italy, Spain, UK, Belgium and a number of emerging markets. Its products are sold through traditional trade channels including department stores, retailers, wholesalers and mail order as well as specialised
Guernsey’s financial services regulator approved 26 new investment funds during the first quarter of this year, which means there were a total of 113 additions during the 12 months to the end of March.
Figures from the Guernsey Financial Services Commission (GFSC) show that 24 new funds were approved during the second quarter of 2013, 33 during the third, 30 during the final quarter and 26 in the first quarter of 2014.
The GFSC approved four open-ended funds, 14 closed-ended funds and eight non-Guernsey schemes between the start of January and the end of March.
Fiona Le Poidevin,
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