Latest News
FedBid, Inc, which operates the FedBid online marketplace at www.FedBid.com, has secured the first investment made by the Revolution Growth fund, which was launched in December 2011 by Steve Case, Ted Leonsis and Donn Davis. Revolution Growth is now the largest investor in FedBid.
Leonsis has been named Chairman of the Board of FedBid, effective today, working closely with FedBid CEO, Ali Saadat, to accelerate FedBid’s growth and reach. FedBid and Revolution Growth also announced that General George Casey, the former Chief of Staff of the US Army, and Mark Walsh, co-founder and CEO of GeniusRocket and former CEO of
Funds managed by Blackstone are forming a partnership with PQ Energy to acquire or to develop power generation facilities throughout Europe. Headquartered in Zurich, Switzerland, PQ Energy is led by a seasoned management and technical team. The team has extensive power project development and operating experience as well as a strong track record of identifying and investing in power generation assets and creating significant long-term value.
Blackstone’s funds have partnered with PQ Energy to provide necessary investment capital to the European power sector at a critical time when traditional sources of power supply have fundamentally changed due to the addition
Current valuations in China provide a great entry point for investors, says Andreas Roemer, head of emerging markets, DWS Investments…
China’s investment potential looks set to remain strong in 2012, benefiting from the same forces that drove asset markets in the US and Europe in the 1990s and 2000s. Excluding the deflation threat caused by the European debt crisis and based on the latest purchase managers’ index (PMI) data, China’s economy seems to have found its feet. Global consumer spending has received a boost since its significant decline and the Chinese government is making positive monetary and fiscal decisions to
AXA Private Equity, is predicting an increase in the role of unitranche financing for companies seeking to finance growth as the European economic turbulence continues. By blending the entire debt financing piece into one single tranche – combining the senior and subordinated debt – companies have greater access to the necessary resources to finance their investment projects, providing them with a viable alternative to traditional bank financing.
AXA Private Equity’s mezzanine team is a market leader in Europe in unitranche financing having invested around EUR400m in Unither Pharmaceuticals, FDS Group, and Biomnis in 2011. This equates to more than 70%
Pamplona Capital Management, a London based private equity and investment management firm, has appointed Brian K Ratzan as partner and head of US private equity. Ratzan will lead the expansion of the firm’s private equity practice to the United States.
Ratzan, a longtime private equity investor, joins Pamplona Capital Management after 13 years with Vestar Capital where he most recently served as Managing Director. In charge of Vestar’s Consumer Group, Ratzan led the firm’s investment in many branded companies and successfully worked with their management teams to develop these businesses into category leaders. Such investments included Del Monte Food, Sun
At the end of December, HarbourVest Global Private Equity (HVPE) recorded its highest Net Asset Value level for four years, with NAV reaching USD937.7 million, or USD11.34 per share, a 3.0% (USD0.33) increase from 30 November (USD11.01) and a 10.7% increase for the eleven months to 31 December 2011.
December’s NAV increase resulted primarily from an approximate USD0.36 per share valuation uplift plus a USD0.04 per share increase related to the valuation of Absolute. As of 31 December 2011, HVPE is valuing the Absolute portfolio at USD25.19 per share (including dividends received since closing), a 36% increase over the purchase price of USD18.50
Baronsmead is aiming to raise approximately GBP4.135 million through offers for subscription to each of its four VCTs – Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead VCT 4 plc – before expenses, this being the Sterling equivalent of just under EUR5 million for each company.
Each company ranks among the largest VCTs in the generalist sector and between them have a combined net asset value of GBP235 million as at 30 November 2011. The Companies were established between 1995 and 2001 and each has an existing portfolio of 64 to 72 companies. As at 30 November
General Atlantic has opened a new office in Singapore. The office is led by Managing Director Abhay Havaldar, while Nick Nash, a Vice President with GA, has relocated to Singapore from New York to join the new Singapore team.
The Singapore office is GA’s tenth office globally and its fourth office in Asia, joining established offices in Beijing, Mumbai and Hong Kong. GA opened its first office in Asia in 1999 and has invested nearly USD2 billion to support the growth of two dozen Asia-based companies. Recent investments in Asia include IndusInd Bank (BSE: 532187), a bank and financial services provider
SteelPath Advisors has launched the SteelPath MLP & Infrastructure Debt Fund and the SteelPath MLP Alpha Plus Fund. These funds are actively managed by Gabriel Hammond, Stuart Cartner, and Brian Watson and provide a simple solution to access MLPs without the complexities of K-1s and Unrelated Business Taxable Income (UBTI).
Hammond and Cartner are current Portfolio Managers on other SteelPath fund offerings (SteelPath MLP Alpha Fund, SteelPath MLP Income Fund, and SteelPath MLP Select 40 Fund). Watson joins as co-portfolio manager on the new offerings while retaining his duties as the firm’s Director of Research.
"Given Brian’s extensive involvement as
Emily Benson, Director at financial advisory firm Kinetic Partners, on the Treasury Select Committee’s report on the role of the new Financial Conduct Authority…
Today’s report on the role of the new Financial Conduct Authority (FCA) indicates the intention to build something genuinely new and better, and the determination of Government to rectify the regulatory mistakes of the past, particularly those which have hurt the consumer, such as the mis-selling of payment protection insurance and endowment mortgages.
There is a clear recognition that the culture of the new FCA must evolve from current arrangements, becoming a more efficient and responsive
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
