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BNY Mellon has appointed Eamon Burns as its new regional head of private equity accounting for Europe, Middle East and Africa (EMEA) within the company’s asset servicing business.
Burns will report to Caoimhghin O’Donnell, managing director, head of AIS (alternative investment services) fund accounting – EMEA, and will be based in Dublin.
He joins from State Street and will lead the BNY Mellon’s team of specialists in Dublin and Luxembourg, servicing private equity administration clients throughout the EMEA region.
Prior to State Street, Burns worked at Goldman Sachs for 11 years where he was responsible for management
Altius Associates has appointed Duncan Cox as a special advisor with respect to the firm’s infrastructure business.
Cox will be based in the US but will support the business globally.
Jay Yoder, Altius head of real assets, says: “We are very pleased to have secured Duncan’s services given his many years’ experience in the global infrastructure sector. Increasingly our clients are seeking dedicated direct technical and operational expertise when they come to assess investments in the infrastructure sector. As a special advisor to the firm, Duncan will offer precisely this sort of high quality experience and knowledge.”
Private equity firms are missing an opportunity to put a value on the improvements they are making within their portfolio companies from implementing their environmental, social and governance (ESG) management programmes, according to a report from PwC.
The report, Putting a price on value, based on the largest ever survey of the private equity industry’s attitude to ESG issues, found that less than 15 per cent of PE houses calculate the value they create through ESG activity. This is despite more than 80 per cent of respondents saying that they monitor ESG activities.
Instead, PE houses are focusing their
AXA Private Equity has completed its spin-out from the AXA Group and will become Ardian, an independent private investment company.
Management and employees of Ardian, led by the Board comprising Dominique Senequier, Vincent Gombault, Dominique Gaillard, and Benoît Verbrugghe (pictured), form the largest shareholding group, holding 46% of the company. With existing teams in place, Ardian will continue to demonstrate the investment expertise, culture and level of service for which the company has been known as AXA Private Equity.
AXA Group, now with a 23% stake, remains a major financial sponsor in Ardian, having agreed to commit 4.8 billion euros
Guinness Asset Management’s Guinness EIS 5 – a discretionary managed service will invest in UK sustainable energy companies through the tax-efficient EIS structure – is now open for investment.
Guinness EIS 5 is targeting attractive risk-weighted returns by making investments in UK sustainable energy companies which have predictable revenues, low technology risk and low correlation with other asset classes.
Investment opportunities include solar photovoltaic, wind, hydro electric, anaerobic digestion and biomass projects. EIS 5 aims to deliver returns in excess of GBP1.50 to investors (including GBP0.30 EIS income tax relief) net of all fees per GBP1.00 invested.
The next 12 to 18 months will be pivotal for the long-term trends in the implementation of the Alternative Investment Fund Managers Directive (AIFMD), says Fiona Le Poidevin, Chief Executive of Guernsey Finance…
22 July 2013 was the ‘deadline’ for the European Union (EU) and the European Economic Area (EEA) Member States to transpose the Alternative Investment Fund Managers Directive (AIFMD) into national law.
A survey from the Alternative Investment Managers Association (AIMA) and EY published soon afterwards showed that 12 out of 31 countries had completed full legislative transposition within the deadline. However, AIFMD does allow Member States some
Love Home Swap, the home swap holiday service, has raised a further GBP1.025m follow-on funding from lead investor MMC Ventures.
Love Home Swap has also launched a new Swap Points scheme, a world-first within the social travel sector.
With the new Swap Points scheme, arranging trips becomes easier through the Love Home Swap site as members no longer need to match exact dates and destinations with each other. They can now pledge time in their property to a central bank. In exchange they receive points that they can redeem to stay in other members’ homes around the world for free – without
Albion Ventures, one of the UK’s largest independent venture capital investors, has invested up to GBP3.5m in Relayware, a provider of B2B collaboration and multi-channel communication solutions.
The investment will enable Relayware to accelerate its growth and extend its lead in technological innovation.
Relayware delivers an indirect channel collaboration and communication solution that automates every stage in the channel partner lifecycle. The company estimates that around 96 per cent of companies rely on indirect channels to market, sell and support their products and services yet in many instances the relationship is challenged by a lack of control, accountability
Polina Kurdyavko (pictured), Partner and Senior Portfolio Manager at BlueBay Asset Management, on the changing dynamics of emerging markets and where opportunities can be found in EM corporates…
While emerging market dynamics are changing and are not as universally positive as they have been, we believe valuations have meaningfully corrected over the last few months and are starting to offer interesting entry points. However, credit selection and endogenous emerging market specific considerations are increasingly important differentiating factors.
The traditional emerging market growth model has changed. Easy growth driven by rising prices of commodity exports to supply China’s low-cost production
Palamon Capital Partners has closed the Palamon Auxiliary Partnership 2013 and its co-investment programme with commitments of EUR210m.
The Auxiliary Fund is structured with a two year investment term. Palamon will use The Auxiliary Fund exclusively for new investments, enabling it to maintain its historic annual investment rate for new deals of EUR100m.
The fund will pursue control equity investments of EUR15m to EUR80m in mid-market growth services businesses across Europe.
The fund received commitments from a diversified group of over 20 investors including fund-of-funds leader Adams Street Partners, the corporate pension plan of Honeywell, private equity investors AlpInvest
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