Latest News
George Anson, a HarbourVest managing director, has resigned as a director of the company while Peter Wilson has been appointed as a director, effective 30 May 2013.
Anson joined the board in October 2007.
Sir Michael Bunbury, chairman, says: “The board of HarbourVest Global Private Equity is very pleased that HarbourVest managing director Peter Wilson has agreed to become a director. He is a member of HarbourVest’s London-based secondary team and I am confident that he will provide continuity for the Company, having been a partner of George Anson for over 17 years.”
Wilson (pictured) joined HarbourVest’s
The European Securities and Markets Authority (ESMA) has approved the co-operation arrangements between the Guernsey Financial Services Commission (GFSC) and the EU securities regulators for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds.
ESMA has negotiated the agreement with the GFSC on behalf of all 27 EU member state securities regulators as well as authorities from Croatia, Iceland, Liechtenstein and Norway.
The co-operation arrangements include the exchange of information, cross-border on-site visits and mutual assistance in the enforcement of respective supervisory laws. This co-operation will apply to Bailiwick of Guernsey
Funky Chunky, a Consolidated Investment Group (CIG) company, has acquired the assets of Gracious Gifts, the creators of FunkyChunky and its line of customised gifts and artisanal gourmet snack items.
“Funky Chunky will use the knowledge, vision, resources, and management expertise of Consolidated Investment Group to grow FunkyChunky into a successful national brand,” says David Merage, chief executive and principal, CIG.
Gracious Gifts was founded in 1994 in Minneapolis by entrepreneur and creative artist Ronni Feuer who developed FunkyChunky. Known for its high quality ingredients and hand-made approach, FunkyChunky Chocolate Caramel Popcorn quickly became a favourite gourmet snack.
Kohlberg Kravis Roberts (KKR) has appointed retired four-star General and former director of the CIA David Petraeus as chairman of the newly created KKR Global Institute.
Henry Kravis, co-founder and co-chief executive of KKR, says: “I have long known and respected General Petraeus and, on behalf of everyone at KKR, I welcome him to the firm. As the world changes and we expand how and where we invest, we are always looking to sharpen the ‘KKR edge.’ With the addition of General Petraeus, we are building on the work we have done to understand the investment implications of public policy,
Law firm K&L Gates has added Virginia Tam as a partner in the corporate and transactional practice and Sacha Cheong as counsel in the litigation and dispute resolution practice, both in the firm’s Hong Kong office.
Additionally, Soheui Choe joins the firm’s Seoul office as counsel in the intellectual property practice.
Arriving at K&L Gates from White & Case, Tam is dually qualified in New York and Hong Kong. With a focus on cross-border corporate transactions involving publicly-traded companies, she advises clients on private equity financing, including pre-IPO investments and private investments in publicly-traded equities; mergers and acquisitions, including management buyouts
The European Securities and Markets Authority (ESMA) has approved a cooperation agreement with Jersey to ensure it can continue to deliver alternative investment funds business into Europe after the introduction of the EU Alternative Investment Fund Managers Directive (AIFMD) in July.
ESMA’s board of supervisors approved the memorandum of understanding (MoU) at its 22 May meeting. ESMA negotiated the agreement on behalf of all 27 EU member state securities regulators as well as the authorities from Croatia, Iceland, Liechtenstein and Norway.
The agreement, which will be signed by John Harris, director general of the Jersey Financial Services Commission,
Electra Private Equity has reported a nine per cent increase in its diluted net asset value per share to 2,684p in the six month period ended 31 March 2013.
The firm’s diluted NAV per share, including dividends, is up 298 per cent over ten years resulting in a ten-year annualised ROE of 15 per cent.
Other financial highlights for the period include:
· Return per share (diluted) of 210p for six months
· Share price up 34 per cent against 15 per cent increase for FTSE All-Share
· Share price up 394 per cent over ten years
Enterprise Ventures has appointed Stewart McCombe as manager of The North West Fund for Mezzanine – the GBP15m fund which provides investment for fast-growing businesses.
The role marks a return to the world of finance for McCombe, a former corporate banker who spent over 20 years with Bank of Scotland. Since 2009 he has worked in the not-for-profit sector as a consultant and a trustee for a number of charities. McCombe has continued to work with businesses in the region as a coach with Winning Pitch and has provided young people with an insight into business through Young Enterprise.
The National Venture Capital Association (NVCA) board of directors has unanimously endorsed the International Private Equity and Venture Capital (IPEV) valuation guidelines at its board meeting on 13 May 2013.
These guidelines, developed by US and international industry participants, were written for practitioner use in developing and implementing valuation reporting processes and were finalised by the IPEV board in December 2012.
“The IPEV Valuation Guidelines are the result of industry stakeholders across a number of countries coming together to develop appropriate valuation guidance for venture capital, growth capital, and private equity firms,” says Mark Heesen (pictured), president of
The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts.
ESMA has negotiated the agreements on behalf of all 27 EU member state securities regulators as well as the authorities from Croatia, Iceland, Liechtenstein and Norway.
These co-operation arrangements are a key element in allowing EU securities regulators to supervise efficiently the way non-EU alternative investment fund managers (AIFMs) comply with the rules of the Alternative Investment Fund
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
