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The initial public offering (IPO) of the First Trust New Opportunities MLP & Energy Fund, a closed-end fund, has raised approximately USD440m in its common share offering.
Should the underwriters exercise the overallotment option in full, the fund will have raised approximately USD503m.
The fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The fund is expected to commence trading on 27 March 2014 on the NYSE under the ticker symbol “FPL.”
First Trust is the fund’s investment adviser and is responsible for supervising the fund’s
FTBpro, the largest fan-generated media platform in online football, has closed a USD18m investment, bringing its total funding since inception to USD24m.
The company plans to use proceeds to further boost its global expansion, enhance strategic partnerships and enrich its mobile and video product offerings.
The fundraising round involved FTBpro’s existing investors, Battery Ventures and Gemini Israel Ventures, as well as new investment from London-based Dawn Capital and a major Asia-based media investor.
FTBpro, founded in 2011, is headquartered in London with offices in Tel Aviv. Following the investment round, the company will open offices in South East
Cathay Capital is to launch a new investment vehicle aimed at promoting growth and international development of French, Chinese and European companies in the mid-cap segment – the Sino French (Midcap) Fund.
This new fund marks a new step in the cooperation between France and China for private equity investment.
It follows and builds on the success of the Sino French Fund for SMEs, created by Bpifrance and China Development Bank in September 2012 and managed by Cathay Capital.
The Sino French (Midcap) Fund will focus its investments on mid-cap companies in France and China, as well as
Context Asset Management has launched the Context Alternative Strategies Fund (CALTX), a multi-manager, multi-strategy fund that seeks to deliver capital appreciation by emphasising absolute returns and low correlation to the broader US equity and bond markets.
The Context Alternative Strategies Fund pursues its objective by using various investment strategies and allocating its assets among multiple sub-advisors who employ a variety of investment strategies in pursuit of attractive returns consistent with capital appreciation.
Context selects and oversees the sub-advisors who each manage separate segments of the fund’s portfolio using distinct investment styles.
The investment strategies allow Context and the
SharesPost Investment Management has launched the SharesPost 100 Fund, an actively managed, closed-end interval fund that targets a diversified portfolio of private, late-stage, growth companies.
The fund enables investors large and small to diversify within the venture capital asset class and capture the growth potential of these companies.
As companies stay private longer, significant portions of their value appreciation occur during the private stage of their development. The SharesPost 100 Fund targets investments in maturing companies with solid growth records that are expected to enter the public markets within two to three years.
The fund’s target universe is
FTV Capital, a sector-focused growth equity investment firm, has held the final closing of its fourth fund, FTV IV, with USD700m of limited partner commitments.
Formed to continue the growth equity strategy of its predecessor fund, FTV IV had an initial target of USD500m and was significantly oversubscribed.
FTV Capital has raised over USD1.8bn across four funds since its inception.
FTV will continue its focus on high-growth companies with innovative solutions, established business models and strong management teams that value its collaborative approach to building great companies. FTV invests at the intersection of its core sectors — enterprise
China's largest fresh fruit shopping site, Fruitday.com, has completed a new round of financing led by ClearVue Partners, a private equity fund targeting fast growing and promising Chinese consumer companies.
SIG Asia Investments also participated in this round of financing.
"We met many PE firms and ClearVue was different. They were strategic, professional and had a deep understanding of our business and the consumer market in China — we are thrilled to receive investment from ClearVue Partners," says Wang Wei, founder and CEO of Fruitday.com. "We believe that there is strong and increasing consumer demand in China for the freshest,
Alternative investment marketplace FNEX has teamed up with PENSCO Trust Company to enable PENSCO clients and their advisors to access FNEX.com through their PENSCO accounts.
Through this partnership, investors and financial advisors who custody with PENSCO will be able to source, review and invest in a variety of alternative investments.
Launched in September 2013, FNEX.com is a web-based platform that provides accredited investors, investment advisors, family offices and institutions access to private investment opportunities offered by investment banks and funds across the US. The distribution platform lists offerings and provides investors with the necessary tools to educate themselves on
New data on the European venture capital (VC) sector points to a healthy environment for both investment and return opportunities in European high-growth technology star-up businesses.
Speaking at Ariadne Capital’s 12th Entrepreneur Country (EC) Forum, Matthias Ummenhofer, head of VC at the European Investment Fund (EIF), shared EIF's 2013 data announcing over EUR4bn of commitments across 248 European VC funds and business angels over the course of last year, up from EUR3.4bn in 2012.
The majority of the capital invested in 2013 by 103 VC funds and angels, 52 per cent, went into information and communication technology firms while
UK fitness network PayasUgym has secured GBP1.6m in a funding round led by Albion Ventures and MMC Ventures, bringing total investment to date to GBP3.5m.
With 12 million ex-gym members in the UK (double the amount of gym members) PayasUgym offers a solution for those looking to get back into the gym, as well as first timers, by offering flexible, discounted gym passes nationwide.
The funding will be used to strengthen PayasUgym’s position in the UK and to launch new products and services – including enabling customers to compare and directly book fitness classes all over the UK.
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