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Alternative asset manager The Carlyle Group has closed a USD415m collateralised loan obligation (CLO) fund, the firm's sixth new-issue CLO this year with four in the US and two in Europe.
Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle's third new-issue US CLO fund of 2013 closed in June at USD517m. With the close of the latest CLO, Carlyle has raised more than USD2.16bn in the US in 2013. Since the beginning of 2011 the firm has raised approximately USD5.86bn of CLOs globally including the
Evidence shows that Guernsey continues to meet the demands of both private equity managers and their investor base, writes Guernsey Finance chief executive Fiona Le Poidevin (pictured)…
Guernsey’s pedigree as a leading funds domicile relies on its ability to continually meet the demands of fund managers and their investor base. Figures to the end of June 2013 show that the value of funds under management and administration in Guernsey reached GBP286 billion (USD457 million; EUR338 million) – an increase of 5.6 per cent on a year previous – with private equity comprising more than GBP87 billion. Indeed, global private equity
Private equity firm Elements Capital Partners has acquired 40.84 per cent of NFD, the Slovenian mutual fund company.
Along with the NETA financial group, the two companies now control 82 per cent of NFD. Financial terms have not yet been released and the transaction is subject to regulatory approval.
Headquartered in Ljubljana, NFD is Slovenia's largest mutual fund group with over EUR80m in assets under management.
"NFD has a footprint in the Balkans that few other firms have, in addition to a seasoned management team," says Karl E White, one of the three founders of Elements Capital.
FundersClub has named Engle Saez as executive vice president and chief marketing officer.
Saez has more than 20 years of experience providing branding, marketing, and revenue growth leadership to some of the world's leading consumer brands, including Starbucks, Eddie Bauer, Timberland, Sperry Top-Sider and Esprit de Corp.
Prior to joining FundersClub, he served as chief marketing officer at Blue Nile, where he was responsible for developing revenue and growth initiatives for the online jeweller.
"Engle is an experienced general manager with a solid record of building enduring, premium brands in the multi-channel retail space," says FundersClub co-founder and
BlackFin, a private equity firm dedicated to financial services SMEs, has acquired the insurance comparison website HyperAssur.
BlackFin plans to group its financial aggregators in France – www.MisterAssur.com, www.DevisMutuelle.com, www.Mutuelle-Conseil.com, www.KelAssur.com, and www.Kredity.com – under the new brand Comparadise. Each aggregator will retain its own brand, website and positioning.
Hyperassur is a major player of the insurance online comparison market, thanks to its broad panel of insurers, mutual insurance companies and brokers. HyperAssur offers internet users a large range of insurance policies such ascar, motorbike, health, home and life.
The acquisition of Hyperassur allows Comparadise to strengthen its position
The quality of investments is becoming more important for the private equity industry in China, according to a joint study from Deutsche Borse and CMS Hasche Sigle.
As a result of the slowing Chinese economy, of closed IPO exit channels and of the increasing competition in many sectors of the economy, the level of corporate governance of the companies can make the difference between good and mediocre returns.
"The times where companies could be sold with high multiples due to the China growth phantasy are definitely over,” says Alexander von Preysing, deputy head of issuer & primary market relations
ECI Partners, the UK growth-focused mid-market private equity firm, has acquired a minority stake in Harvard Engineering, which designs and develops control products for the lighting industry.
The details of the transaction are not being disclosed.
The investment will allow Harvard to further build on its strategic growth plans, which includes increasing employee numbers from 300 to 500, enhancing the company’s range of products and building a new R&D and manufacturing facility.
The company’s product range includes LeafNut, the wireless control and monitoring system for street lighting, and the CoolLED range of switchable drivers for LED lighting. More
FactRight has launched a secure online report centre to better serve the alternative investment due diligence community.
The password-protected site provides registered broker dealers and registered investment advisors with on-demand access to FactRight’s most popular offering and operational-level sponsor reports. The online system is configured for compatibility with both desktop and mobile devices.
“Financial firms across the country rely on our analytical, multidisciplinary approach that outlines the essential information and insight needed to drive good decision-making,” says Scott Smith, president and CEO. “The new FactRight Report Center provides registered broker dealers and registered investment advisors with easier, broader, and
Water Street Healthcare Partners, a strategic investor focused exclusively on the healthcare industry, has appointed Katie Ossman as vice president.
Ossman (pictured) augments Water Street’s team of senior investment professionals and former executives of healthcare corporations including Baxter International, CVS Caremark Corporation, Johnson & Johnson and McKesson Corporation.
Ossman will support Water Street with identifying new investment opportunities, and developing and implementing strategic plans to expand its group of health care companies. Prior to Water Street, Ossman worked as an associate with Avista Capital Partners, where she focused on investments in the health care, consumer and industrials sectors. She began
Monroe Capital has appointed Bradley Nii as managing director in its Los Angeles office.
Nii will serve as the firm’s group head for the Southern California region.
Warren Woo, also located in Los Angeles, will continue in his current role as a partner of Monroe Capital Partners Fund, an SBIC fund formed in 2011.
“We are very excited to add Brad to the Monroe Capital team,” says Ted Koenig, president and CEO of Monroe Capital. “Brad has an accomplished career providing financing solutions to middle-market companies and brings with him over 25 years of experience in corporate lending,
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