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Cordium, a provider of compliance consulting, accounting, tax and software, is partnering with financial services technology specialist Indus Valley Partners (IVP) to help clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements.
The solution already fully covers Form PF reporting.
The reporting solution enables investment managers to meet their global regulatory reporting needs from a purpose-built cloud platform and fully supports Annex IV reporting under AIFMD, as well as Form PF.
Alternative investment fund managers (AIFMs) that manage or market an AIF into the European Union or EEA will be obliged to
The Presidio Group, a personal and corporate financial services firm, has named eight professionals as equity partners, bringing the total number of employee-partners to 15.
The new employee-partners are: Bruce Brugler; Colin Carter; Antonio Casal; Jerry Deren; Tom Emig; Pablo Ferreri; Kelly Lawson; and, Barry Rudolph.
“Growing our partnership base not only aligns the interests of the senior management team at The Presidio Group, thus ensuring a unified and cohesive organization, but also further strengthens the interests of the firm with those of our clients,” says Karl Schade, chief executive officer and managing director of The Presidio Group. “We
PAI Partners, a European private equity firm headquartered in Paris, has made a binding offer to purchase Euro Media Group (EMG), a provider of audiovisual facilities and services.
EMG’s founders and original shareholders, including Sofinim (Ackermans & van Haaren group) and Banijay Holding, will reinvest alongside PAI Partners in the proposed transaction, together with the senior management team.
Created in 1983 as Euro Television by Chantal Barry, Jean-Pierre Barry and Luc Geoffroy, EMG offers a large range of services to broadcasters and producers for the production and delivery of audiovisual content: studios; outside broadcasting trucks; media centres; and specialised
Actis, the pan-emerging markets investor, has established Credit Services Holdings (CSH), a buy-and-build credit services business.
CSH’s first investment will be acquiring 100 per cent of Compuscan, the largest independent credit bureau in Africa.
Actis will be investing in CSH alongside the Compuscan management team, who will continue to manage the Compuscan business. Actis plans to invest USD100m into the platform.
To assist in the build-out of the platform, Michael Jordaan, formerly CEO of South Africa’s First National Bank and a leading figure in the African financial services industry, has been appointed as chairman of CSH.
Founded
Fund managers believe that they must demonstrate personal confidence in their ability to perform by making greater dollar contributions to their own funds, a report suggests.
The Fund Formation and Incentives Report, released by Private Equity International (PEI) and Schulte Roth & Zabel (SRZ), provides analysis of the issues affecting general partner operations, such as waterfall structures, key man clauses, compensation and recruitment.
The survey of 130 fund managers found that a firm's reputation and its track record are the most important issues for LPs when selecting a fund manager. Because the identity of key persons is central to
Mansa Capital Management, a private equity firm focused on the USD2.5 trillion US healthcare market, has received a Green Light letter from the US Small Business Administration (SBA) to continue its application process to operate a Small Business Investment Company (SBIC).
The Green Light letter enables the firm to move toward application for licensure of a fund it manages as a SBIC.
The receipt of a Green Light letter does not, however, obligate the SBA to issue a SBIC license.
“While there are certainly no assurances, being Green-Lighted has some immediate advantages,” says Mansa Capital managing partner and
Schroders’ Johanna Kyrklund, head of multi-asset investments, and Urs Duss, fund manager, multi-asset, give their views on emerging market equities…
Emerging market equities have had a difficult time over the last few months. In USD terms, the 12 month return to 31 March 2014 for the MSCI World index was 19.7 per cent compared to -1.1 per cent for the MSCI Emerging Markets index. As fund manager sentiment has turned extremely negative according to surveys such as the BAML Global Fund Manager, the question becomes whether this pessimism offers a good investment opportunity.
A cursory examination of current valuations
Akasakatei, a China-based teppanyaki, BBQ and Japanese-cuisine restaurant, has completed a round of financing, raising USD10 million led by ClearVue Partners, a private equity fund targeting fast growing consumer companies in the Greater China region.
With growing traction in Shanghai and Beijing, Akasakatei — known for its best-in-class beef — is the go-to teppanyaki, BBQ and Japanese-cuisine restaurant for China’s upwardly mobile consumers.
Akasakatei will use the financing round to accelerate the company's growth in Shanghai, Zhejiang, Jiangsu and Beijing.
Akasakatei expects to add 15 to 20 locations in 2014, with the overall aim of opening a total of
The European Fund and Asset Management Association (EFAMA), the European Private Equity and Venture Capital Association (EVCA) and the Federation of European Securities Exchanges (FESE) have welcomed the adoption by the European Parliament of its report on European long-term investment funds (ELTIFs) on 17 April.
The associations say they welcome the following features:
A flexible regime as to the lifetime that allows the design of ELTIFs to be based on the concrete needs of investors and their investment strategy.
Inclusion of listed small and medium-sized enterprises up to EUR1 billion market capitalisation in the scope of eligible investments. There
Kirkland & Ellis has represented Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Company (HKW) on the final closing on limited partner commitments of HKW Capital Partners IV (Fund IV).
The fund exceeded its USD300 million target, closing on approximately USD316 million in aggregate commitments.
Fund IV will invest primarily in lower middle-market companies headquartered in North America, targeting investments in growing markets including favoured sectors such as energy services, infrastructure and medical products.
The Kirkland team was led by private funds partner Chris Kallos and included private funds associate Jonathan McPike, investment management partners Scott Moehrke and
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