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In anticipation of the implementation of Basel 3, which will commence in 2013, the investment guidelines prescribed for money market funds have been amended by the Registrar of Collective Investment Schemes – effective 1 July 2012. As a result of this, money market funds are likely to experience higher yields within a more regulated environment, says Sean Segar (pictured), Head of Product at Nedgroup Investments, Cash Solutions…
Ahead of the phased implementation of Basel 3, banks are already positioning themselves by changing the way they fund themselves. It will be to the advantage of the ZAR230 billion money market industry
Emergence Capital Partners, a venture capital firm focused on SaaS and technology-enabled services, has hired Sean Jacobsohn as venture partner.
Jacobsohn has a long track record at SaaS companies and is an experienced angel investor and adviser to start-up companies, including Emergence Capital portfolio company Doximity.
Jacobsohn is also co-founder and co-president of the Harvard Business School Alumni Angels, the largest university-affiliated angel group in the world.
Formerly the vice president of Worldwide Alliances at YouSendIt, an Emergence Capital portfolio company, Jacobsohn led global distribution partnerships for the freemium company.
Prior to YouSendIt, Jacobsohn was the vice president of channel
For the private equity sector, 2011 was a roller coaster year, with the first half retaining the momentum from 2010 and the second half being affected by the global economic scenario.
Fears of a double dip recession and credit downgrades in the West had an impact on the private equity industry in terms of fund raising, deal activity and exits.
However, diversified financial and real estate funds continue to be attractive investments with financial technology being the most interesting opportunity. Emerging economies also hold a strong potential.
A new analysis from Frost & Sullivan on Private Equity and Venture
Private equity manager Abraaj Capital has completed the acquisition of Aureos Capital, a private equity fund management group investing in small and mid-cap companies in Asia, Africa and Latin America.
Abraaj Capital now has approximately USD7.5bn in assets under management, a presence in over 30 countries and over 150 investments.
Arif Naqvi (pictured), founder and group chief executive, Abraaj Capital, says: “The acquisition of Aureos is a pivotal moment for Abraaj as it consolidates our position as the pre-eminent private equity fund manager in global growth markets. As a result, Abraaj is able to provide investors with a unique
Despite the US economy facing the prospect of 8% unemployment and 2% growth through to the end of this decade, there are still opportunities to find stocks that will thrive, according to William L Paternotte, Partner and Senior Client Advisor Brown Advisory, the Baltimore-based independent investment firm. In this uncertain economic environment, one of the sectors with the most potential is technology…
Tech and tech-enabled sectors of the S&P 500 have grown three times as fast as US GDP over the three years ended December 31, 2011 (6% vs. 2%) and are projected to continue expanding more rapidly than global
Tenaya Capital, a venture capital firm that invests in high-growth technology companies, has closed Tenaya Capital VI.
The USD372m fund was oversubscribed against a target of USD300m.
Tenaya VI marks the firm’s first independent fundraise since spinning out from Lehman Brothers in 2009. The firm has over USD1bn under management, including prior funds Tenaya IV (USD300m) and Tenaya V (USD365m).
Tenaya invests across technology sectors, including enterprise software, consumer internet, IT infrastructure, communications and electronics. The firm focuses on companies in the initial stages of revenue growth, and will make earlier or later-stage investments on a selective basis.
Recent exits
Public and private sector investment totalling GBP56m will lead to the development and demonstration of technologies to cut carbon emissions from road transport and accelerate the commercialisation of low carbon vehicles.
Over GBP27m of public funding, from the Office for Low Emission Vehicles and the Technology Strategy Board, together with GBP29m of private sector funding, will be invested in 17 major research, development and validation projects.
While many of the projects will be led by major vehicle manufacturers such as Ford, Jaguar, LandRover and Nissan a large number of small and medium-sized companies, including suppliers, will be closely involved in
Corsair Capital, a private equity firm focused exclusively on investing in the financial services industry, has added D. Ellen Shuman to its advisory board.
Shuman has specialised in endowment management for almost three decades, serving as vice president and chief investment officer at Carnegie Corporation of New York (1999-2011), and as director of investments at Yale University (1984-1998).
Nicholas B. Paumgarten, chairman of Corsair, says: "We are delighted that Ellen has agreed to join the Corsair advisory board. She is a well-respected leader in investment management, and is known for her global approach to investing. We expect that Corsair will
DFJ Gotham Ventures, an early-stage technology venture capital firm based in New York, has promoted Thatcher Bell to managing director.
Bell was previously a principal at the firm. He will join founding managing directors Ross Goldstein and Danny Schultz.
"Thatcher has demonstrated the ability to find and partner with leading entrepreneurs to build successful companies," says Goldstein. "This is an exciting time for DFJ Gotham. Given the rapidly increasing start-up formation in New York and our plans to accelerate our investing pace over the next couple of years, we are thrilled to have Thatcher expand his role at DFJ Gotham."
Pilot Flying J is to acquire a controlling interest in Maxum Petroleum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum.
Current investors, including Maxum management, Metalmark and Waud, will re-invest in the new venture.
Maxum is one of the largest independent energy logistics companies in North America, selling and distributing over 1.3 billion gallons of refined petroleum products and serving over 15,000 customers.
Jimmy Haslam, Pilot Flying J president and chief executive, says: "The acquisition of Maxum offers us an excellent growth opportunity and we are very excited to increase our participation in this
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