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Ipes Guernsey has been regulated by the Guernsey Financial Services Commission (GFSC) as one of the first operators of a Guernsey Alternative Investment Fund (AIF) depositary.
The new depositary in Guernsey will enable funds domiciled in the island to market their funds in Europe under the Alternative Investment Fund Managers Directive (AIFMD) regulations.
In 2013 Ipes launched its depositary service from London to support clients and fund managers in meeting the new AIFMD requirements.
In the last 18 months Ipes has doubled the size of its London team through the expansion of its depositary service. It now acts
Convergence, an information and advisory services provider to alternative asset managers, service providers and investors, has launched a new product suite and website.
Convergence captures, normalises and enriches 100 per cent of all registered investment advisors’ Form ADV, Brochure and Supplemental Schedule information filed with the SEC. This core data is updated daily and supplemented with public domain intelligence relevant to the RIA.
“Our early experience with clients helped us shape the future direction of the firm,” says co-managing partner John Phinney. “Leveraging our significant experience in the alternative asset management industry, the Convergence team brings an insider’s perspective
Total assets managed by the Top 100 alternative investment managers globally reached USD3.3 trillion in 2013, up from USD3.1 trillion in 2012, according to research by Towers Watson.
Published in conjunction with the Financial Times, The Global Alternatives Survey, which covers seven asset classes and seven investor types, shows that of the Top 100 alternative investment managers, real estate managers have the largest share of assets (31 per cent and over USD1 trillion).
This is followed by private equity fund managers (23 per cent and USD753bn), hedge funds (22 per cent and USD724bn), private equity funds of funds (PEFoFs)
The Abraaj Group has acquired a majority stake, through its funds, in Polyclinique Taoufik, a private hospital in Tunisia.
Based in Tunis, Clinique Taoufik was one of the first private healthcare institutions established as part of efforts to modernise Tunisia’s healthcare system. The hospital currently treats 75,000 in- and out-patients per year, offering services such as general surgery, heart surgery, neurosurgery and obstetrics. The company also has an emergency service, a radiology centre and laboratory dedicated to patients of the hospital.
With 164 beds, the hospital is the second largest in terms of bed capacity. With Abraaj’s financial and
With around a week to go before the deadline for authorisation, some 47 per cent of alternative investment fund managers have still not filed under the Alternative Investment Fund Management Directive (AIFMD).
That’s according to a snapshot survey, commissioned by Alceda and Kepler Partners, which was completed at the end of June.
Some 56 alternative fund managers, with in excess of USD300 billion under management, participated in the survey, representing firms in Europe, Asia-Pacific and the US.
Authorisation under the AIFMD means hedge fund and private equity fund managers will be subject to a host of new requirements,
APG Asset Management and Aquila Capital have formed a partnership to invest a targeted EUR500 million in the acquisition and development of European hydropower plants.
APG has commissioned Hamburg-based Aquila Capital to establish an investment vehicle dedicated to hydropower infrastructure, which aims to make investments in operational plants and develop new projects across Europe.
APG will commit EUR250 million to the venture. Considering the capability to make use of debt financing, the total enterprise value of the investments is projected to amount to up to EUR500 million.
Aquila Capital will provide the operational management of the hydropower assets as well as portfolio management services to the partnership.
Hydropower has a much higher efficiency ratio (i.e. ratio
Generali has launched a Luxembourg-based asset management company to focus on UCITS and alternative investment vehicles domiciled in Luxembourg.
Generali Investments Luxembourg will support the global business activities of Generali Investments Europe, the main asset manager of Generali Group with approximately EUR350 billion of assets under management.
The new company has been established through the partial demerger of a joint venture with Banca Generali.
Santo Borsellino, CEO of Generali Investments Europe, says: “The launch of Generali Investments Luxembourg is an important pillar of our strategy to expand our third-party business, allowing Generali Investments Europe to best serve and
Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested GBP3 million in Chargemaster, a provider of electric vehicle (EV) charging infrastructure.
The investment will be used to strengthen Chargemaster’s position in the UK market and fund further expansion into the European EV charging market.
Since its founding in 2008, Chargemaster has quickly grown to become the largest supplier of EV equipment and infrastructure in the UK with more than 10,000 public and commercial charging points installed across the country. The company is also a key player in the European EV market, with over 4,000
Iain Fulton has been appointed as the new chief operating officer of Malta-based Prestige Capital Management.
Fulton joined the company in May 2014 on a full time basis and will also support for various Prestige companies internationally.
This additional resource will ensure greater professional and management capacity and enable Prestige to achieve its ongoing regulatory obligations including the Alternative Investment Fund Managers Directive (AIFMD) and European Market Infrastructure Regulation (EMIR) obligations, along with its medium term expansion plans.
Fulton first worked for Investcorp Bank in Bahrain before moving to Merrill Lynch and then to Wellington Management International, both
Herbert Smith Freehills' London private equity team has advised Antin Infrastructure Partners on the acquisition of BG Group's majority stake in the Central Area Transmission System (CATS) gas pipeline in the North Sea.
The deal is the first for Antin’s recently closed Fund II.
Under the terms of the acquisition agreement, Antin now owns a 62.78 per cent interest in CATS. The consideration is up to GBP562 million (including a potential deferred amount of GBP39 million) and the deal closed on 10 July 2014.
CATS comprises a fixed-riser platform linked to the Everest oil and gas platform, a 404-kilometre,
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