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Australian private equity continues to deliver stable, solid returns in periods of high volatility for public equities, according to the Cambridge Associates LLC Australia Private Equity and Venture Capital Index (CA Australia Index).
The CA Australia Index, which measures private equity and venture capital returns in Australia, outperformed the S&P/ASX 300 Index over all time horizons for up to 10 years, according to the latest quarterly report released today.
For the quarter ended 30 September 2011, the CA Australia Index had annualised returns of 4.79%, 3.63%, 3.92% and 7.41% over one, three, five and ten years respectively. This compares very
CDC Group plc (CDC), the UK’s development finance institution (DFI), has appointed Mark Pay as Managing Director, Direct Investments.
Pay’s career has primarily been in direct investing and has encompassed making, developing and exiting investments in Africa, India, the Americas, China and the UK. He left CDC in 2004 to join the newly created Actis LLP, the emerging markets fund manager that was spun out of CDC. He has been involved in more than a hundred investments in developing countries.
CDC has created the new Direct Investments division following the publication of a new high level business plan in June
As demand for operationally-oriented advisory and performance improvement services among investors has continued to grow, Alvarez & Marsal’s global Private Equity Services practice experienced record growth in 2011.
Even amidst a year marked by ongoing volatility in private equity deal activity, the firm experienced a surge in demand, doubled its private equity engagements from the prior year, and expanded its world-class team of professionals by 25 percent dedicated to serving private equity.
"Alvarez & Marsal has set the standard for a distinctive approach, built on an operational heritage that drives value for private equity and corporate clients at all stages
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – explains why the jurisdiction continues to prove attractive to MENA managers…
As the promotional agency for the Island’s finance industry, we exhibited at SuperReturn Middle East in Dubai during last October. Making a visit to the region in the final quarter of the year has become a staple part of our promotion and marketing activity in recent years. Once again, we were joined by practitioners from the Guernsey investment funds community, including administrators Legis, Praxis and Kleinwort Benson and law firms Ogier and
Private equity firm HIG Capital has opened a Madrid office and appointed Jaime Bergel as a Managing Director to lead its efforts in Spain.
HIG, through its HIG Europe affiliate, currently has a team of over 40 investment professionals based in Europe, operating out of offices in London, Paris, and Hamburg. In 2011, HIG Europe was one of the most active private equity investors in Europe, with eleven completed transactions.
Bergel was previously the founder and CEO of Gala Capital, a Spanish private equity firm he established in 2004, which was named one of the top 3 Spanish funds
Ascension Media Group LLP, the creative industries and digital technology ventures firm, is launching the UK’s first Seed Enterprise Investment Scheme (SEIS), allowing investors to obtain up to 78% tax relief in the tax year 2012/13.
The investment fund, to be named Ascension Seedcapital for Creative Enterprise and Digital (‘ASCEND), will be in operation as soon as Government’s legislation introducing the SEIS comes into effect on 6 April 2012, the beginning of the new tax year. The fund will be managed by Ascension Ventures, the venture investment arm of Ascension Media Group.
Announcing the initiative, Ascension Media Group Founder
Lou Sala, chief executive of the Capital Markets practice at WTP Advisors, says that in the wake of the Madoff scandal, due diligence processes that were once little more than box-ticking exercises have become a searching and in some respects painful examination for hedge fund managers.
First, my apologies to those who saw the headline and thought that this would be a scintillating discussion piece detailing my insight into the hot hedge fund strategies and the harnessing of alpha. It’s not. What I am presenting here is a view of the other side of investing – the unglamorous, roll-up-your-sleeves world
The majority (63 per cent) of private equity fund managers – regardless of fund size – are receiving new commitments from Limited Partners (LPs), according to the third annual PErspective private equity study by BDO USA. That’s up from 56 per cent of fund managers who indicated they were receiving new commitments from LPs in 2010 and only 40 per cent who said so in 2009.
The largest per centage of funds indicated they are receiving the majority of first-time financial commitments from family offices (55 per cent), followed by pension funds (21 per cent), international investors (11 per cent),
Actis has launched the Actis Energy Impact Model, an tool for assessing progress over the life of its energy investments. The Impact Model is designed to capture in a systematic way the key drivers that build value, and helps pinpoint where action is required.
The model, which has been under development since mid-2010, is based on the Five Capitals model developed by Forum for the Future, a leading sustainability NGO that works with the business community. The five capitals are finance, people, social/community, infrastructure and environment, to which Actis has added a sixth – governance. The firm has also worked
GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was appointed following the recent resignation of Gary Linford.
“Demand for greater hedge fund transparency and governance is increasing,” says Vernon Barback (pictured), GlobeOp president and chief operating officer. “Tim Ridley’s legal, financial and regulatory expertise will be a benefit to GlobeOp and its clients. We look forward to his contributions as we focus on independent valuation, regulatory and board reporting. I would also like to thank
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