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Alternative investments veteran Anita R Rosenberg has been elected to the board of directors os Golub Capital BDC Inc.
Alternative investments veteran Anita R Rosenberg has been elected to the board of directors os Golub Capital BDC Inc.
Rosenberg joins the board with over two decades of experience in the financial service industry with a substantial background in alternative investments. She was a partner and portfolio manager of Harris Alternatives, LLC, and its predecessor, Harris Alternatives, LP, from 1999 until her retirement in 2009 and also served on the Board of Trustees for The Catherine Cook School of Chicago from
EndoSphere Inc, a medical technology company developing a platform of endoscopically implantable devices for the treatment of metabolic diseases, including obesity and type 2 diabetes, has completed a highly oversubscribed Series A Preferred Financing round led by private equity firm Broadline Capital. EndoSphere Inc., which holds 23 US and international issued and pending patents, will use the funding to expand its intellectual property assets and to complete additional clinical product testing.
"EndoSphere is extremely fortunate to align itself with Broadline Capital, which offers a rare blend of global financial expertise and pragmatic operating experience," says James McKinley, EndoSphere CEO.
Broadline
Warburg Pincus, Trilantic Capital Partners, ZAM Ventures have all agreed to make an investment in newly-formed oil and gas exploration and production company Velvet Energy Ltd.
Members of Velvet Energy’s management team and select board members, are also investing in the company.
Velvet Energy, which focuses on the Western Canadian Sedimentary Basin (WCSB) is led by Ken Woolner, a geological engineer by training, and an entrepreneur with a successful track record in the oil and gas industry spanning over 20 years. The company plans to utilise advanced drilling and completion technologies to enhance production and returns in established areas
Shield Therapeutics (Shield), the independent specialty pharmaceutical company focused on the development and commercialisation of late-stage hospital pharmaceuticals, has successfully raised EUR8.2m (CHF10m/USD12m) from Inventages Venture Capital (Inventages) in its first institutional (Series A) financing round.
"We are delighted to have successfully completed this fundraising which serves as further validation of the potential of ST10-021 as a novel treatment for iron deficiency anaemia and Shield’s development strategy," says Carl Sterritt, Chief Executive Officer and Co-Founder of Shield Therapeutics. "We look forward to working closely with the Inventages team to benefit from both their experience of working with high-growth companies like
Texas-based private equity firm Teakwood Capital has acquied Clockwork Solutions Inc (CSI), a provider of total-life-cycle Performance Prediction and Risk Management solutions for asset-intensive major industrial companies, military organisations and government agencies.
CSI delivers solutions that maximise equipment, system, and fleet availability while minimising life-cycle operations and maintenance costs. Equipment down time is reduced, inventory is minimised and better positioned, system-wide asset availability is increased and new opportunities to improve profitability are identified. CSI’s solutions serve major industrial operators in the Aerospace & Defence, Power Generation, Refining and Process markets. The majority of CSI’s clients are Fortune 500 companies and
With valuations for global equity markets currently not compelling and giving little room for the potential earnings disappointments that could accompany the slowing of the global economic recovery, Percival Stanion, head of Asset Allocation at Baring Asset Management, explains why, with the remainder of 2011 likely to be volatile and uncertain, a tactical and well-timed approach to asset allocation is more important than ever…
After two years of strong growth, recent data suggests that most economic indicators are now peaking out in the West from the troughs of early 2009. Europe is a case in point in this regard and
Burcote Wind’s management team has a proven track record in identifying and acquiring suitable sites for wind turbine farms, and developing them to planning permission stage. The company currently has options or exclusivity agreements over 11 sites, with a combined potential generating capacity of 495MW, capable of powering around 383,000 homes and equivalent to the output of a traditional coal-fired power plant.
In 2009, Hotbed members provided GBP3.3m of funding to Burcote Wind to identify, acquire and develop suitable sites. More sites were found than initially anticipated, and the further round of capital-raising will fund the development of the additional
Mutual fund and alternative investment service provider US Bancorp Fund Services, has appointed Chuck Gariboldi as vice president and fund accounting operations manager.
Gariboldi oversees daily operations for the fund accounting division at US Bancorp Fund Services. He also works closely with divisions throughout the company to ensure accounting operations and policies are consistently structured and resourced to meet evolving client and industry trends.
“Our goal is to find and retain the best talent in the industry. Chuck is a seasoned expert who brings an incredible amount of insight, best practices, and knowledge to our operations and clients,” says Dana
CFOs of private equity-backed businesses are increasingly optimistic about future growth in their company’s profits, according to a survey by Deloitte. Some 70% of CFOs surveyed stated that they were optimistic about profit growth over the next 12 months compared to 55% surveyed during the same period last year. Cost-cutting – the main priority for CFOs last year, fell down the list of priorities (11%).
The survey of nearly 60 chief financial officers of private equity-backed businesses was undertaken to determine their priorities for the year ahead and the likely sale plans for the business. Despite the resurgence in M&A
Paul Myners (pictured) has joined Cevian Capital, Europe’s largest active ownership fund manager, as chairman of its UK operations and a partner.
“For much of the last decade I have highlighted issues within the investment industry that have led to the proliferation of ownerless corporations," says Myners. "These issues include short-termism, overly-diversified portfolios, and a preference for investors to vote with their feet, rather than engage with companies. Over the last few years many institutional investors have become better owners of their companies, but there are structural challenges that constrain such behaviour.”
“I have held Cevian in high regard
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