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SEI has been selected by Duet Alternative Investments (USA) Ltd, a subsidiary of Duet Group, to provide operational outsourcing services for the firm’s emerging macro hedge funds.
SEI will provide Duet (USA) with a suite of operational outsourcing services in a straight-through-processing environment.
Duet (USA) will use SEI’s online Manager Dashboard reporting platform to help better manage the firm’s funds through flexible, transparent, and aggregated views of its data. The firm will also use SEI’s Investor Dashboard, an investor-focused reporting platform that facilitates greater communication and transparency with end investors.
“We wanted to work with a world-class outsourcer and we immediately thought of SEI,” says David Dali, chief investment
Ipes has appointed an internal auditor to work across the company’s four jurisdictions to provide assurance and manage internal controls.
Andrew Bull is a Chartered Member of the Institute of Internal Auditing. With more than 12 years’ experience he is also a qualified Quality Auditor with the British Standards Institute (BSI) and is a qualified IT auditor.
He has gained experience by working for a number of international corporations in the UK, Europe, South Africa and the US.
Chief operating officer Barry McClay says: “We are pleased to welcome Andrew to the team at this exciting
Petra Capital Partners has completed fundraising on Petra Growth Fund III with USD230m of capital available to invest.
The fund is structured as a small business investment company (SBIC) licensed by the US Small Business Administration.
“We are very pleased with the response from our existing investors and several important new investors for Fund III and the strong support we received from the SBIC programme,” says Mike Blackburn (pictured), partner at Petra.
On 3 May Petra closed on an investment in Denver-based Highstreet IT Solutions, representing the first investment for Fund III. Highstreet was recently formed by
The opinion that global investors hold of partners and portfolio managers in private equity is broadly negative, according to Gracechurch Consulting’s 2013 Global Private Equity Performance and Reputation Report.
Global investors see PE as offering a better risk / reward proposition than other asset classes, while private equity is also seen as delivering a greater degree of operational improvement than listed companies.
The research was last conducted in 2010, and is the only international syndicated study into reputation in the sector. Interviews were conducted with investors who are responsible for making decisions or have influence with respect to
Patron Capital Partners, the pan European private equity and real estate investor representing over EUR2.5bn of equity capital, has hired Georg von Hammerstein as a senior adviser with immediate effect.
Von Hammerstein will be working with Patron’s existing investment teams and focusing on new investments in Germany and the German speaking countries.
Following the final close of Patron’s Fund IV, announced in September 2012, Patron has already allocated approximately half of the EUR1bn of equity capital raised (including discretionary co-investment capital). Germany represents a core market for Patron, with approximately 560,000 sq m of land and buildings currently under
Independent private equity house Key Capital Partners has promoted Richard Thomas to investment director in the firm’s Birmingham office.
Thomas (pictured) joined KCP in 2010 after eight years at Grant Thornton, where he advised on M&A and private equity transactions across a broad spectrum of sectors. He is a chartered accountant and has a degree in accounting and finance from the London School of Economics.
Thomas will continue to support the firm’s managing partner Owen Trotter, playing a key role in deal origination and execution whilst supporting the development of KCP’s portfolio companies.
Key deals that Thomas
UK Chancellor George Osborne’s closing remarks from the G7 Meeting in Aylesbury…
It is a privilege to host the main meeting of the G7, and to welcome our colleagues and counterparts to the beautiful British countryside. I think we can say we’ve had a successful and constructive meeting.
I said, before the meeting, that I wanted to take the G7 back to its roots as a forum for advanced economies to come together for informal discussions, and that is precisely what we’ve done over the past two days.
We are, of course, meeting at a time when financial market sentiment
Warburg Pincus has closed Warburg Pincus Private Equity XI (WP XI), a USD11.2bn global fund.
This new fund is one of the largest private equity funds raised post the global financial crisis. WP XI, like Warburg Pincus’ prior funds, will invest in growth companies in the firm’s key industry sectors across the globe.
"We are pleased to announce our final close," says Charles R Kaye, co-president of Warburg Pincus. "This successful fundraise, in a challenging environment, was driven by strong support from both existing and new investors. We see this success as a clear endorsement by our investors of our
HarbourVest Partners and CIFC Asset Management are forming a strategic relationship.
CIFC’s US senior debt capabilities will complement HarbourVest’s established capabilities and enable yield-oriented investment solutions.
"This strategic relationship with CIFC allows HarbourVest to continue to provide our clients with best of breed opportunities across the private markets including US senior secured corporate loans exclusively with CIFC," says Rob Wadsworth (pictured), managing director of HarbourVest. "With historically low interest rates expected to prevail for the foreseeable future, many institutional investors are interested in strategies that can provide higher current yields and the potential for strong returns over the
Avista Capital Partners’ ACP Tower Merger Sub has commenced a cash tender offer for all outstanding shares of common stock of Telular Corporation at a price of USD12.61 net per share.
The tender offer is being made in connection with the agreement and plan of merger, dated as of 29 April 2013, among Telular, ACP Tower Merger Sub and ACP Tower Holdings, which Avista Capital Partners and Telular Corporation announced on 29 April.
The Telular board of directors unanimously approved the proposed acquisition by Avista Capital Partners and recommends that Telular’s stockholders accept the offer and tender their shares
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