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Atlantic-Pacific Capital has held the final closing of Iron Point Real Estate Partners II with USD750m of capital commitments.
The fund, managed by Iron Point Partners, had an initial target of USD450m and received support from a broad group of institutional investors including endowments, foundations, pension programmes, consultants and high-net-worth family offices.
Before forming Iron Point Partners in 2007, Iron Point’s senior investment team worked together as managers of real estate investment vehicles for the Robert M. Bass family office. The fund was established to continue the senior team’s multi-strategy investment approach.
“Iron Point is one of the premier real
The Securities and Exchange Commission has obtained final judgments against Troy B Wragg, Amanda E Knorr, Speed of Wealth, Wayde M McKelvy and Donna M McKelvy ordering disgorgement, prejudgment interest and civil penalties totalling more than USD135m.
The court ordered Wragg and Knorr to pay USD37,031,035.36 in disgorgement plus interest of USD3,713,772.06 jointly and severally with Mantria Corporation and a civil penalty of USD37,031,035.36 each; Speed of Wealth and Wayde McKelvy to pay USD6,273,632.78 in disgorgement plus interest of USD869,141.87 jointly and severally and a civil penalty of USD6,273,632.78 each; and Donna McKelvy to pay USD429,731.84 in disgorgement plus interest
Harvest Partners, a New York-based private equity investment firm, has held a final closing on a new USD1.1bn fund, Harvest Partners VI.
Harvest Partners, a New York-based private equity investment firm, has held a final closing on a new USD1.1bn fund, Harvest Partners VI.
HP VI will continue the firm’s 31 year history of partnering with management teams to invest in North American companies in the business and industrial services, manufacturing and distribution, healthcare, midstream energy, and consumer products and retail sectors.
The closing of HP VI increases the amount of invested and committed capital under Harvest’s management to approximately
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
Based in Paris, France, DIAM is a designer and manufacturer of high quality luxury and retail point of purchase displays.
DIAM has more than 1,300 employees in 13 countries throughout Europe, Asia, Africa, North America and Australia. The company’s primary business segments include prestige retail displays, mass-market displays, non-cosmetic displays and installation services.
“HIG has been a tremendous partner to DIAM and has been instrumental in helping us
Wellington Partners has held a first closing of its new Wellington Partners IV Life Science Fund, which has attracted commitments from investors of EUR70m.
With a target size of EUR120m, this new fund is expected to be significantly larger than the previous Wellington Partners III Life Science Fund, which raised EUR78m.
The Wellington Partners life science team comprising the general partners Rainer Strohmenger, Erich Schlick, Regina Hodits, Harald Keller, Ernst Mannheimer and Rolf Dienst will focus on investing these funds in companies in the areas of medical devices, diagnostics and biotechnology on a pan-European basis.
The new fund has attracted
The Securities and Exchange Commission has charged the co-founder of a Chicago-based investment firm with misleading investors in two private equity offerings, and charged the other co-founder with supervisory failures related to the offerings.
Advanced Equities – a broker-dealer and investment advisory firm – and co-founders Dwight O. Badger and Keith G Daubenspeck were charged in connection with private offerings in 2009 and 2010 on behalf of an alternative energy company in Silicon Valley, California, which was not identified by name in the SEC’s administrative proceeding.
Badger led the sales effort for the offerings and made misstatements about the energy
Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG).
Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG).
The transaction remains subject to completion pending regulatory approval. Terms of the sale were undisclosed.
LDC backed a management buyout of Direct Group in 2007. Since then, with LDC’s backing, the business has made four strategic acquisitions to diversify its outsourced services offering, including insurance broker Millennium in 2008
Kensington Capital Advisors has announced a distribution to unitholders of the Kensington Global Private Equity Fund of USD1.56 per unit, for a total distribution of approximately USD4.17m.
The distribution will be paid on 10 October 2012 to unitholders of record on 28 September 2012.
The current distribution per unit is approximately 2.3 times the amount of the fund’s 2011 payout, reflecting strong growth in the realized gains achieved within the Kensington private equity portfolio. The fund, formed in 2007 to provide individual and institutional investors with better access to private equity, now has a five-year track record of creating value
Gas sensing instruments manufacturer, Cascade Technologies, which was backed by Panoramic Growth Equity in May 2011, has been listed as one of Britain’s 100 fastest growing private technology companies.
Tech Track 100 is produced by Fast Track.
Stirling-based Cascade Technologies developed and patented the world’s first real-time technology for the detection, measurement and monitoring of gas emissions and explosives through its use of quantum cascade lasers. It is used in a range of commercial applications such as the monitoring of gas emissions in power stations and airports, substance detection at airports and process analytics in chemistry.
In November 2010,
glendonTodd Capital, a Dallas-based private equity firm, has invested in SDL Citadel, a renewable energy company that converts everyday waste into electricity and heat.
Through its investment into SDL, glendonTodd brings a two-plus year relationship focused on social ventures and philanthropic efforts to fruition.
SDL’s mission is to enhance environmental protection by producing and conserving energy from renewable sources.
SDL Citadel and its key stakeholders provide sustainable renewable energy solutions that foster job creation, economic development, reinvention of industry, and energy independence with little or no impact upon the environment. glendonTodd will not only help the management team commemorate these
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