Latest News
US property/casualty (P/C) insurers invest in alternative and other less traditional asset classes, including hedge funds and private equity investments, in an effort to gain portfolio diversification and enhance investment returns, according to a report by Fitch Ratings.
At year-end 2012, alternative investments represented eight per cent of P/C industry invested assets, compared with approximately 70 per cent fixed income securities, and 14 per cent common equities.
In the report, Fitch reviewed the P/C industry’s investments in alternative and other invested assets at year-end 2012, compiling information from Schedule BA of US statutory financial statements on 50 P/C
Main Street Capital has closed a new portfolio investment totalling USD7m of invested capital in Garreco.
Main Street’s investment in Garreco consists of USD5.8m in first lien, senior secured term debt and a USD1.2m direct equity investment.
Garreco is headquartered in Heber Springs, Arkansas and is a manufacturer and supplier of consumable products used to create dentures, crowns, and bridges in dental laboratories and clinics. Garreco, founded in 1988, is one of the country’s largest manufacturers of specialised gypsum products used to create the plaster models and casts necessary to customise dentures, crowns, and bridges for a patient’s
Lexington Partners, an independent manager of co-investment and secondary acquisition funds, has held the final close of Lexington Co-Investment Partners III and associated vehicles (CIP III), with committed capital totalling USD1.57bn.
CIP III, which held its first closing in 2012, received commitments above its target and is one of the largest dedicated global co-investment funds.
CIP III represents the expansion of Lexington’s 15-year-old co-investment program that has to date been supported by the Florida State Board of Administration (FSBA) and the New York State Teachers’ Retirement System (NYSTRS), two of the largest public pension funds in the US.
Private equity firm Insight Venture Partners is to make a significant investment in Anaqua, a provider of intellectual asset management (IAM) services and SaaS software.
The terms of the agreement, which include the buyout of Anaqua’s existing investors, have not been disclosed.
As part of the transaction, Jeff Horing and Alex Crisses, managing directors at Insight, will join Anaqua’s board of directors.
"This is a very exciting step for us," says Priya Iyer, chairman and chief executive of Anaqua. "Anaqua’s growth has brought us to the point where it is time for a new phase of strategic
Middle market private equity firm GI Partners has acquired One Wilshire, a downtown Los Angeles network facility and data centre. In addition, the firm acquired three fully leased corporate office properties in El Segundo, California.
The acquisition was made through TechCore, a USD1bn discretionary core real estate fund managed by GI Partners on behalf of the California Public Employees’ Retirement System (CalPERS).
One Wilshire is a 30-story building comprised of 663,000 square feet of data centre, office, storage and retail space with a five-level subterranean parking garage. Designed by Skidmore, Owings & Merrill, the property is a premier carrier-neutral telecommunications centre providing
Jennifer C "Jenny” Wheater has joined the corporate practice group of Duane Morris as a partner based in the firm’s London office.
Wheater’s (pictured) addition further strengthens Duane Morris’ global corporate capabilities, particularly in the area of tax issues in the private equity and cross-border transactions. Wheater joins the firm from Proskauer Rose.
Wheater focuses her practice on the tax aspects of a broad range of issues. She has significant experience in structuring private equity, venture capital and other funds, including holding companies, carried interest and deal structures. Additionally, she advises extensively on value-added tax (VAT), corporate residence and
Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has completed an investment in RTI Biologics.
Headquartered in Alachua, Florida, RTI specialises in orthopaedic and other biologic implants.
Water Street has invested a USD50m private placement of convertible preferred equity to support RTI with acquiring Pioneer Surgical Technology. The acquisition transforms RTI into one of the world’s leading providers of surgical implants.
As part of the transaction, RTI has appointed two representatives from Water Street to serve on its board of directors. Curt Selquist, an operating partner with more than 35 years of health
North American private equity firms have pivoted from cost-cutting and value-preservation to more of a growth agenda for the companies they back.
This shift has set the stage for positioning companies well at the outset of the deal to achieve successful, higher value exits while also driving higher returns, according to Ernst & Young’s latest study on value creation, "Clear direction, focused vision."
Now in its seventh year, the study examines how private equity investors create value and how PE firms have adjusted their core model in the last cycle of owning, buying and selling.
In a volatile
Carey Olsen and Heritage International Fund Managers have advised on the launch of a new Guernsey closed-ended fund which raised GBP130m on listing on the premium segment of the London Stock Exchange on 12 July 2013.
A first of its kind in the UK, Bluefield Solar Income Fund will focus on investing in large scale agricultural and industrial PV (Photovoltaic) solar assets.
Carey Olsen advised on the establishment of the fund as a Guernsey structure and all relevant regulatory approvals with the Guernsey Financial Services Commission. Corporate partner Ben Morgan and senior associate Annette Alexander led the team and
Ayasdi has raised USD30.6m in series B venture funding, led by IVP with participation from Citi Ventures, GE Ventures, and existing investors Khosla Ventures and Floodgate.
In conjunction with the financing, Steve Harrick from IVP will join Ayasdi’s board of directors.
Six months after the company’s initial launch, Ayasdi’s customers and collaborators include General Electric, Citigroup, Merck, Anadarko, US Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), the University of California San Francisco (UCSF), Mount Sinai Hospital, Texas A&M University, and Harvard Medical School.
Ayasdi has also formed strategic alliances with Cloudera and
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
