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AIM-quoted China Private Equity Investment is to invest USD1m in a new private equity investment fund due to be launched by the Hong Kong-based Adamas Asset Management (HK) Limited.
Adamas’s new Greater China Credit Fund plans to raise a total of up to USD275m to target high-return investments in small and medium enterprises (SMEs) predominantly in Greater China across a range of sectors.
It follows successes achieved by an earlier Adamas fund which has already provided investors with exit returns for three out of 11 investments yielding a gross IRR of 27 per cent.
CPE announced plans last
Brookfield Asset Management has held the final close on Brookfield Timberlands Fund V with equity commitments totalling USD1bn.
The fund will invest in timberlands, primarily in the US, Brazil and Australia and may also pursue opportunities in Canada, Chile, Uruguay and New Zealand.
Commitments to the fund exceeded the original USD750m fundraising target, reflecting strong investor demand. Investors in the fund include a diverse group of institutional investors, including sovereign wealth funds, public and private pension plans and insurers. Brookfield committed USD250m to the fund, aligning its interests with those of third party investors.
"We believe this
Infinity Group’s Infinity IP Bank, together with the Infinity Suzhou Fund, has completed a transaction which includes a three-part investment – PV Nano Cell (PVN), LEED and a newly formed joint venture between PVN and LEED.
Infinity initiated and structured the deals in cooperation with LEED. A combined total of USD4.8m is being invested in the three entities. This total includes LEED’s participation in the financing of the JV.
"The investment announced today is part of Infinity’s ongoing activity in structuring and investing in cross border deals between companies in and outside of China. We see real potential
Options, the private financial cloud provider for the capital markets industry, has further expanded its connectivity to a number of key trading venues, in addition to adding a number of new data feeds to the Options PIPE Platform.
These latest additions to the IaaS provider’s offering come as a result of increased client demand.
This most recent deployment to the platform will see Options add HSBC and AllianceBernstein dark pools in Europe to its destinations, while the new market data feeds will include CBOE CSM, C2, CSM, BOX, CHX, and Nasdaq’s PHLX.
As a result of the
Funds advised or controlled by Kohlberg Kravis Roberts (KKR) are acquiring a significant minority stake in RigNet from Cubera, an investment firm specialising in the Nordic private equity market.
Upon closing of the acquisition of 4.75 million shares, which is subject to customary approvals, KKR will become RigNet’s largest shareholder, holding a 27 per cent stake in the company.
RigNet is a provider of managed remote communications solutions, systems integration and collaborative applications to the global upstream energy sector. Operating across the life of the field, RigNet serves offshore and onshore drilling rigs, production facilities and energy maritime
BUMP Network has appointed hedge fund manager Gregg Parise as its new president and chief financial officer.
In his dual roles, Parise (pictured) will continue to build value in the company and manage its team and operations.
Parise will report directly to Mitch Thrower, the chief executive and chairman of BUMP Network.
Parise has 20 years of portfolio management and financial market experience. He has spent the last 12 years as the founder and portfolio manager of various long/short equity hedge funds, including LINC Asset Management, Calimar Capital and Dorado Capital Management.
Parise began his career
Symphony International Holdings’ net asset value (NAV) on 30 June 2013 was USD1.3105 per share, a 10.72 per cent increase from USD1.1836 on 31 December 2012.
Symphony’s listed investments accounted for 59.0 per cent of NAV at 30 June 2013 down from 59.4 per cent at 31 March 2013. The decrease is predominantly due to a weakening of the Thai baht and Malaysian ringgit.
On a per share basis, the value of Symphony’s listed investments stood at USD0.774. Unlisted investments (including property) comprised a further 24.2 per cent of Symphony’s NAV (or USD0.317 per share), with the remaining
The Indian rupee has fallen sharply in recent sessions, despite the Reserve Bank of India’s (RBI’s) efforts to stabilise the currency through monetary tightening, says Brian Jackson, Global FX Strategist at Coutts…
We believe tighter policy will further impede growth, while the rupee is vulnerable to further weakness, and maintain a negative short-term view on Indian equities.
The strong dollar has heightened volatility in emerging markets and the Indian rupee (INR) is suffering more than most. The rupee has weakened almost 15% since late April, and may weaken further. The RBI has sought to stabilise the currency since May by
Kohlberg Kravis Roberts has appointed Joseph J Plumeri, former chairman and chief executive officer of The Willis Group, as a senior advisor.
Plumeri (pictured) is also joining the board of directors of First Data, a KKR portfolio company.
Plumeri served 12 years as Willis Group chairman and chief executive and as its non-executive chairman through July 2013. Under his leadership, Prior to joining Willis, Plumeri had a 32-year career at Citigroup and its predecessor companies. As CEO of Citibank North America, he led the integration of the consumer businesses at Citicorp and Travelers Group. He also served as
Nordco, a provider of rail-related products and services, has been acquired by Greenbriar Equity Group, a New York-based private equity firm focused exclusively on the global transportation industry.
Terms of the transaction have not been disclosed.
Nordco will immediately become a majority-owned Greenbriar portfolio company.
The Nordco family of companies provides an extensive selection of products and services that enable rail-related industries to build, improve, maintain and inspect their track infrastructure and reposition rolling stock. Nordco, headquartered in Oak Creek, Wisconsin, is North America’s largest supplier of new, rebuilt, and used maintenance-of-way equipment with a broad product
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