Latest News
Deutsche Bank’s Trust & Securities Services (TSS) unit has received Qualified Matching Service (QMS) designation from the Internal Revenue Service (IRS) for its dbRemarket platform.
The IRS recently confirmed in a private letter ruling that dbRemarket meets the requirements for a qualified matching service (QMS) under US Treasury regulation § 1.7704-1(g).
dbRemarket, which provides investors in private equity and hedge funds with a transparent way of effecting the purchase or sale of partnership interests in the secondary market, was launched in June 2011. Partnership interests that transfer via dbRemarket will qualify for the QMS safe harbour, which increases the percentage
Global markets continued downward in May, posting deeper declines than they did in April, according to Howard Silverblatt of S&P Indices…
The main concern was Greece, where preliminary elections left no single party able to form a coalition government. Those holding the most power called for a change in agreed-upon austerity programs. It will be necessary for Greece and the EU to get back to the table and renegotiate the terms. However, in order to do that, Greece needs a central government, which may be formed after the next election on 17 June. Until then, there is great uncertainty about the
The European Private Equity and Venture Capital Association (EVCA) has respond to the European Parliament’s Economic and Monetary Affairs Committee (ECON) vote on its text of the proposed European Venture Capital Fund Regulation (EVCFR).
While the EVCA welcomes the overall Commission’s proposal to facilitate cross border fundraising by VC funds, the EVCA is disappointed about the outcome of today’s vote, which sees the adoption of a depositary requirement.
The EVCA fears that the financial burden imposed by a requirement to appoint a depositary will make it impossible for small, venture capital fund managers to volunteer to enter the EVCFR
Robert B Kaplan, Co-Chief of the Asset Management Unit of the US Securities and Exchange Commission’s Division of Enforcement, is to join Debevoise & Plimpton as a litigation partner resident in the firm’s Washington, DC office.
In his role at the Asset Management Unit, Kaplan co-led a team of 75 lawyers and industry experts focused on investigations related to potential violations of securities laws by advisers to hedge funds, private equity funds, mutual funds and separately managed accounts. He partnered with senior leadership in other divisions of the SEC to establish law enforcement priorities in the asset management industry and
Popdust has completed a USD4.5 million Series A Preferred Share fund raise led by New Enterprise Associates with participation from other leading venture capital firms RRE Ventures, SoftBank Capital and international investment firm and company builder Project A Ventures, along with several prominent individual investors.
The successful financing was announced by the company’s new CEO Hugh Panero. The new funds will support Popdust’s expanding editorial efforts and other strategic initiatives.
Many of the Series A investors were also seed stage Popdust investors and have witnessed its growth to nearly 1 million unique monthly visitors and recent evolution into e-commerce. As
A prospectus in relation to the proposed placing and offer for subscription of Sterling Shares, US Dollar Shares, Swiss Franc Shares and Euro Shares in DCG IRIS Limited has been approved by the UK Listing Authority.
DCG IRIS Limited is a newly formed, Guernsey registered non-cellular company with an indefinite life. The Company is a feeder fund and will principally invest its assets in CS IRIS Low Volatility Plus Fund Limited (the Master Fund), which is managed by Credit Suisse AG (the Master Fund Manager).
The Company has been established with the objective of providing its Shareholders, through its investment
XL Group plc’s insurance operations has launched a new suite of five products designed to meet the specific insurance needs of financial institutions.
The products recognise that not all financial institutions are the same and that these organisations are facing ever more complex risks. In addition, these institutions have to deal with the effects of continued uncertainty in financial and investment markets.
For the first time there is a commitment within each policy to minimum service standards, including in relation to claims handling and responsiveness, as well as a built-in confidentiality agreement. Furthermore the policies are designed to respond
While the strong yen and the European crisis continue to pose challenges, Invesco’s investment professionals are quite positive about the long-term prospects for Japanese equities, says Kunihiko Sugio, CIO & Chief Portfolio Manager at Invesco Japan…
Today, Japanese equities appear to be extraordinarily cheap, trading at an average P/B of 1.0x, an average P/E of 13-14x, and offering an average dividend yield of 2.1%-2.2%, compared to a 10-year government bond yield of just 1%. Of about 3,600 listed companies in Japan, more than 60% are trading below their book values, with numerous global leaders being among them.
I see
KPS Capital Partners has completed the acquisition of Robert Bosch’s global automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group. Financial terms of the transaction were not disclosed.
Lazard Freres & Co. LLC acted as financial advisor, and Hengeler Mueller as legal counsel, to KPS and its affiliates.
Activa Capital, the French mid-market private equity firm, is merging Armatis and Laser Contact (a spin-off of Laser – itself a subsidiary of BNP Paribas and Group Galeries Lafayette), two major French call centre companies, to create the leading independent French onshore call centre company with combined sales of over EUR200 million and 14 call centres.
Activa Capital will become lead majority shareholder of the combined group alongside CM-CIC LBO Partners, Omnes Capital, CDC Entreprises, Ouest Croissance and Multicroissance.
The management team will be headed by Denis Akriche, CEO of Armatis, and will benefit from the complementarity of the two
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
