Latest News
BNP Paribas Securities Services has launched an AIFMD depositary banking service aimed at asset managers distributing non-European alternative investment funds into Europe.
The service will help these asset managers comply with AIFMD (Alternative Investment Fund Managers Directive), a European directive designed to introduce new levels of security and investor protection to the European fund management landscape.
As part of what is known as a ‘depositary-lite’ service, BNP Paribas Securities Services will offer safekeeping, oversight and cash monitoring of assets to a client base including managers of hedge funds, funds of hedge funds, private equity and real estate funds, on
Napier Park Global Capital’s financial partners team has completed the initial investment of the Napier Park Railcar Lease Fund, a USD370 million specialised, single-purpose private equity fund.
The fund has deployed a total of USD359 million in equity capital, or 97 per cent, within 12 months of its inception and nine months after its final closing.
This investment by the fund, along with equity capital from the fund’s joint venture partners listed below and long-term debt, has financed the acquisition of railcars representing USD2.1 billion in asset value.
“We are delighted with how successful this innovative investment opportunity
DMS Offshore Investment Services has received approval from the Central Bank of Ireland for its AIFM passporting application to Luxembourg.
The Central Bank has now forwarded the notification application to the Luxembourg authorities and this confirmation of transmission of the notification process technically completes that requirement under the Alternative Investment Fund Managers Directive (AIFMD).
"Whilst the Luxembourg authorities (CSSF) have the right to request further details on the matters covered in our programme of operations, at this point the Irish AIFM is in a position to be appointed as an alternative investment fund manager to Luxembourg alternative investments funds.
ResponseTap, a specialist in call tracking and analytics, has secured GBP4m of Series B funding including GBP2.5m from Beringea, which manages the ProVen Venture Capital Trusts, and GBP1.5m from Eden Ventures.
ResponseTap will use this investment to accelerate expansion in the US and to continue support for its UK development team.
Since its first external funding round in 2012, ResponseTap has grown to over 50 employees and has an established US presence and a solid client base. ResponseTap’s technical platform has been radically restructured following user feedback.
ResponseTap provides agencies and brands with granular data about the journey
Private equity firm Thoma Bravo has completed its USD930 million acquisition of TravelClick, a provider of cloud-based revenue-generating solutions for the USD500 billion global hospitality industry.
“TravelClick has established itself as the leader in delivering revenue-enhancing technology and services to the hotel industry, and we look forward to supporting the company in its next stage of growth,” says Holden Spaht, managing partner at Thoma Bravo. “With a strong base of recurring revenue, a leadership position in a fragmented vertical market and a great management team, TravelClick represents an excellent fit with Thoma Bravo’s buy and build investment strategy.”
“I
RiverVest Venture Partners has sold portfolio company Lumena Pharmaceuticals to Dublin-based Shire Plc in a transaction with an upfront payment of USD260 million in cash.
The deal also includes a payment for net cash at closing, and near-term contingent milestone payments related to ongoing clinical trials.
In the three years since it received initial seed funding from life sciences venture capital firm RiverVest, Lumena has developed two drugs to provide better treatment options for adults and children who suffer from rare and debilitating liver diseases and serious metabolic disorders.
In addition to its financial commitment, RiverVest provided hands-on
Middle market private equity firm GI Partners is to acquire IT infrastructure and cloud provider Peak 10.
Founded in 2000, Peak 10 provides hybrid IT infrastructure services including data centre services, private and enterprise cloud infrastructure and managed services.
Headquartered in Charlotte, North Carolina, the company operates 24 data centres in 10 key markets in the US, primarily serving mid-sized enterprises around the globe.
"This is a pivotal time in the IT infrastructure space," says David Jones, president and chief executive officer of Peak 10. "Our industry continues to experience dynamic change with shifts and enhancements to virtual
Private equity-backed IPOs in Latin America outperformed the broader public markets and other IPOs in the region by a significant margin over the course of 2013, according to a survey by EY.
The report – Great expectations: what’s next for Latin American private equity? – underscores that exits via IPOs yielded better returns than the other key route in Latin America, sale to corporates.
The report, now in its third year, examines the results and methods of over 107 PE exits between 2007 and 2013.
With PE-backed IPOs worldwide recording their strongest year-on-record in 2013, 38 per cent
Venture capital investor Octopus Investments and tech start-up specialist 360 Leaders have formed a strategic partnership to work on projects in the technology and enterprise space over the next 12 months.
360 Leaders held its latest ‘Hot Topics’ event last week in New York, focused on the trends of international expansion and the New York tech ecosystem. The event included speakers from US VC firm Sequoia Capital, Foursquare, MongoDB and Octopus-backed events app YPlan.
Simon Andrews, a member of the ventures team at Octopus, says: “360 Leaders is transforming the technology industry through its community approach to talent development,
Guernsey has expanded the range of structures available from the jurisdiction by introducing Limited Liability Partnerships (LLPs).
The Limited Liability Partnerships (Guernsey) Law, 2013 was approved by the States of Guernsey in December last year. It was given Royal Assent by the Privy Council in April and registered in the Royal Court of Guernsey today (12 May).
The law will come into force with effect from tomorrow (13 May), with the Guernsey Registry accepting registrations to form Guernsey LLPs from midnight.
Fiona Le Poidevin, chief executive of Guernsey Finance – the promotional agency for the island’s finance industry,
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
