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Interactive Data, a provider of independent evaluated pricing and reference data services, has introduced a solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD).
The solution can help alternative investment fund managers and their service providers successfully manage the transition to AIFMD and maintain ongoing compliance with it.
The new due diligence, transparency and reporting requirements of the Directive present a range of data and valuation challenges, especially for those firms that have not previously managed or operated these functions.
Interactive Data can help clients to identify and address their AIFMD needs. For example,
Triton Debt Opportunities Fund (TDO) has completed its fundraising with external commitments of EUR500 million, surpassing the EUR350 million target size and reaching the hard cap.
Fundraising began in September 2013. The fund is the first dedicated debt investment vehicle that will be advised by Triton.
TDO will seek to invest in businesses that are facing challenges created by excess leverage or cyclical, operational or other headwinds. The fund will focus on non-control positions and will build on the debt investing experience gained in prior funds. Investments will typically be in the loans or bonds of companies in Northern
Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the Alternative Investment Fund Managers Directive (AIFMD).
"Thomas Murray Data Services already delivers post-trade risk monitoring for over 65 global banking groups, more than 25 of which act as depositary banks," says Simon Thomas, chief executive of Thomas Murray Data Services. "We are in ongoing discussions with many more throughout Europe, each one obliged under AIFMD to monitor its own post-trade infrastructures and counterparty exposures in accordance with
A fund managed by Ares Management’s private equity group is to acquire the parent company of National Veterinary Associates (NVA) from investment funds affiliated with Summit Partners.
NVA's senior management will retain a minority stake. Terms of the transaction were not disclosed, and the transaction is expected to close in the third quarter of 2014, subject to customary closing conditions.
NVA offers a full range of medical and surgical services in more than 240 companion animal veterinary hospitals across 39 states. As part of its mission, NVA provides the tools and resources for its veterinarians to deliver high quality
Ambient ecommerce start-up Sophia, the UK technology company that saw the largest round of angel investment in Northern Irish history, has added ex-Wal-Mart chief operating officer John Rittenhouse to its board of directors.
Rittenhouse, 57, has experience in retail, supply chain and technology. Prior to founding the private equity and advisory firm Cavallino Capital in 2007, he served as chief logistics and operating officer at Wal-Mart and was instrumental in the design and start-up of Wal-Mart.com.
He has also held senior vice president roles at Louis Vuitton Moet Hennessy (LVMH) and Michaels Stores Inc, as well as general manager
Darwin Ventures, a venture capital fund of funds firm, has appointed Charlie Jadallah as partner.
“Charlie is among the most accomplished, respected and forward-thinking executives in Silicon Valley, he was a valuable member of our advisory board and we are thrilled to have him join the Darwin team as a full partner," says Frank R Caufield, managing partner at Darwin Ventures.
Jadallah has more than 34 years of experience and knowledge of strategic business development, strategic relationships, international business development, budget prep & administration, e-commerce/payments, and the financial services sector.
Jadallah was a founder and executive vice president for
Multiplier Capital, a venture debt fund, has held the final closing of its first fund with investable capital of approximately USD227 million.
Led by anchor investor Liberty Peak Capital, other investors include a college endowment, a publicly traded bank, family offices, and high net worth individuals in the US and Canada. The fund was oversubscribed.
Multiplier Capital was founded by partners Ray Boone, Ezra Friedberg, Henry "Huck" O'Connor and Kevin Sheehan. Combined, these investment professionals bring almost 80 years and USD1 billion of debt transactions experience tailoring value-added debt solutions for more than 100 high-growth companies.
"Our strong
Private equity firm GTCR is to acquire the Cole-Parmer Instrument Company from Thermo Fisher Scientific for USD480 million.
Cole-Parmer, headquartered in Vernon Hills, Illinois, is a manufacturer and distributor of specialty laboratory equipment, instruments and supplies to a diverse range of customers in pharmaceutical, biotech, healthcare, chemicals, food and other research-based or regulated markets.
“We are excited to acquire Cole-Parmer from Thermo Fisher,” says Dean Mihas, managing director at GTCR. “We believe Cole-Parmer’s strong reputation, management team and portfolio of leading brands provides a unique position within the diverse end-markets it serves. GTCR looks forward to investing in the
Syntaxis Capital has completed its investment in eSKY, an online travel agent focused on Central Europe.
Founded in Poland in 2004, the company provides travel services to individuals, centred around the sales of airline tickets, for both traditional as well as low-cost carrier flights.
Its platform allows it to offer complex and interconnected bookings across its network shared with over 700 airlines globally.
eSKY has expanded to Bulgaria, Romania and Brazil.
Syntaxis has invested EUR11.5 million in the company, the bulk of which will be used to support and accelerate eSKY’s geographical expansion, and selectively pursue add-on
BNP Paribas Securities Services has won a mandate to provide depositary banking services to Hansa Trust, an equity investment company with an approximate value of GBP280 million.
As part of this mandate, and in accordance with the Alternative Investment Fund Managers Directive (AIFMD), BNP Paribas Securities Services will monitor cash movements within the trust’s funds and provide custody services to keep the trust’s assets safe.
The bank will also perform oversight duties to ensure that management decisions comply with the fund prospectus and any relevant laws and that shareholders’ interests are protected.
Stephen Thomas, chief financial officer at
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