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Panda Power Funds has held the final close of the Panda Power Generation Infrastructure Fund with USD420 million in capital commitments.
The Panda Fund plans to develop or acquire US natural gas-fuelled power plants and utility-scale solar projects in select states. Investors include large public and corporate pension plans and other institutional investors.
"We greatly appreciate the trust and confidence our investors have placed in us," says Robert Carter, founder and managing partner of Panda Power Funds. "Their investments represent charitable organisations, pensioners and teachers. We look forward to working on behalf of our partners who represent them and to
It looks like the market has reacted with some cheer to the news that Silvio Berlusconi has stepped down as Italian Prime Minister with his successor Mario Monti asked to form a new government following approval of a reform package by the Italian parliament on Saturday, says Anthony Gillham (pictured), portfolio manager at Skandia Investment Group (SIG)…
Italian 10 year government bond yields had hit around 7.5% last week, levels that were said to have triggered bail outs in other peripheral European markets, but on Friday dropped to around 6.5%. Risk assets are firmer as a result.
While the cheer
Phoenix Equity Partners, a UK mid-market private equity investor, has funded an additional GBP12 million to its portfolio company edif Group to complete the acquisition of NDE Global Technical Services GmbH and its subsidiaries (together NDE), from its private owners.
NDE’s founder shareholders and management team will become shareholders in edif Group.
NDE’s services include vendor inspection, expediting, project management, mill pipe surveillance, project staffing and outsourced quality assurance. NDE’s network of qualified field inspectors supports customers, principally in the oil and gas sector, to ensure that major capital projects are completed to specification and in a timely manner.
NDE
Independent venture capital firm, Panoramic Growth Equity (PGE), has secured a GBP1m investment in Concorde Solutions Limited, a multi-award-winning software asset management company based in Reading.
Funding from PGE’s Panoramic ECF1 will be used to help Concorde, which turned over GBP1.8m in 2010 – up 140% YOY, launch a new SaaS product in 2012 into the data centre and cloud computing markets and expand its professional and managed services to markets worldwide.
David Wilson, partner at PGE, says: “We are delighted to have acquired an equity stake in Concorde, a young and dynamic IT services company. Concorde has all the
Mootwin, editor of a platform for the creation of mobile applications in SaaS mode or under license, has completed its second round of fundraising to support its development projects in France and abroad.
Naxicap Partners and Seventure joined existing investors Rhône-Alpes Création, Expansinvest, Crédit Agricole Développement, Héléa Financière and Teamgroup Investment, in the latest round of fundraising.
“This second round of fundraising with solid financial partners will be used to support and step up growth in France and abroad,” says Claude Lemardeley, CEO and Co-Founder of Mootwin.
“We have decided to invest in Mootwin because it developed a specific technology
In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Nick Gartside (pictured), International CIO for Fixed Income, JP Morgan Asset Management, responds:
"2009 to 2010 was about capturing the generational opportunity in fixed income credit; both investment grade and high yield bonds sold off to very attractive levels. Many institutional investors grabbed this opportunity.
"2011 has been characterised by an anaemic economic
Intel Capital, Intel Corporation’s global investment and M&A organisation, has unveiled a USD100 million Intel Capital AppUp Fund.
The fund will invest in software tools and services companies developing innovative applications and digital content for the mobile and PC ecosystem available at the Intel AppUp centre, Intel’s convenient, personalised and secure app store for netbooks, consumer laptops and Ultrabooks.
The first two investments include Urban Airship, a mobile platform-as-a-service company and 4tiitoo, a German OSV and tablet device developer. The announcement was made at the 12th annual Intel Capital Global Summit.
“The explosion of connected computing devices has created
Marketo, the fastest-growing provider of Revenue Performance Management (RPM) technology, has secured USD50 million in new venture financing. Battery Ventures led the round, with existing investors Institutional Venture Partners, InterWest Partners, Mayfield Fund and Storm Ventures also participating.
In just five years since its founding, Marketo has delivered a proven business solution for any company looking to accelerate predictable revenue growth. Marketo will use the infusion of new capital to further its aggressive growth strategy.
"Because of our industry-leading growth in revenues and market share, Marketo had many options for capital. To stay focused on growth, our best choice was
Fulcrum Equity Partners has funded the USD3.2 million acquisition of AAA Home Health, Inc by Partners Healthcare Group (PHG).
Founded in 2011, PHG will serve as the platform upon which CEO Rob Radics and his experienced management team will build a home health and hospice company that will provide patients throughout the Southeast with best-in-class care.
"Our partnering with Fulcrum is critical to accelerating the growth of PHG through the aggressive pursuit of additional home health and hospice acquisitions," says Radics. "Fulcrum’s experience in the home health and hospice space is a great fit for PHG, and Fulcrum
According to the Emerging Markets Private Equity Association (EMPEA), which manages a global proprietary database of private equity activity across the emerging markets, 119 funds raised USD32.3 billion through 30 September, versus USD23.5 billion raised in all of 2010, returning emerging markets to pre-crisis fundraising levels.
Emerging Asia—led by China—continues to dominate the fundraising landscape with funds focused on these markets raising USD23.7 billion, capturing 73% of all capital raised through September and an increase of 167% on the USD14.2 billion raised for the region in all of 2010. Fundraising for Brazil reached a record USD4.5 billion, surpassing the 2008
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