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Blackford Capital, a middle-market private equity investment firm, has selected Navatar Private Equity Cloud to manage the firm’s fundraising, deal flow, portfolio and capital calls/distributions.
Navatar Private Equity provides out-of-the-box functionality and workflows essential for private equity firms. It runs entirely in salesforce.com’s cloud and is available for a low monthly fee. Its flexible reporting engine can be easily used by non-technical staff to generate reports.
"Private Equity firms can now start using a fully built solution for their CRM and operations for one small monthly fee – no capital expenditure, no implementation costs, free upgrades and zero maintenance costs,"
A rise in interest rates is not the answer to rising inflation warns Lawrence Galitz of ACF Consultants, after UK Chancellor George Osborne predicted in his ‘Budget for Growth’ that inflation will rise to 5% this year before dropping to 2% in two years time.
Inflation has been creeping up slowly from 3.3% in November last year, to 3.7% in December, 4.0% in January and 4.4% in February.
In December, the rise in inflation was largely due to higher fuel, utility and food costs. In January the Office for National Statistics blamed it on the increase in VAT, with the
Partners Group, the global private markets investment manager, has successfully closed its largest dedicated infrastructure investment program to date, Partners Group Global Infrastructure 2009, at EUR 500 million. Investors include corporate and public pension plans, insurance companies, financial institutions, endowments and high net worth individuals from around the world. Given the attractive investment environment and strong demand from clients, the program closed at its agreed hard cap of EUR 500 million.
Michael Barben, Partner and Head Private Infrastructure, says: “In an environment of increased economic and financial uncertainty, investors are looking for assets with stable cash flows, inflation protection and
HedgeOp Compliance, LLC, a provider of consulting services for private fund advisers and specialised compliance software for a wide array of investment advisers, has expanded its footprint in the US market with the opening of a San Francisco office.
The expansion to the West Coast is part of a strategic initiative by HedgeOp Compliance, which is head quartered in New York with offices in Boston, to serve the private fund adviser community in the region. Part of this initiative will expand HedgeOp’s services to the private equity community. The firm now has offices in the major hubs for alternative advisers
Summer Street Capital Partners LLC, a private equity fund based in Buffalo, NY, has acquired Apple Valley Waste, a provider of solid waste collection, recycling, and disposal services serving Berkley and Jefferson Counties in West Virginia and Washington County, Maryland.
In connection with the acquisition, Apple Valley announced the addition of industry veteran John Decker as Managing Partner. John most recently served as Vice President of Operations for Casella Waste Systems, an integrated solid waste and recycling services company with operations in 14 states and annual revenues in excess of USD500 million.
"Apple Valley is a premier environmental services company,
Ardel has promoted two senior members of staff to director roles within the company. Steve Desmond is now director of Ardel Fund Services and Tony Martel is associate director (IT) of Ardel Holdings.
Steve Desmond joined Ardel in 2006 and has over 23 years experience in the financial services sector. In his new role he is responsible for the development of Ardel’s fund business, the efficient take-on of fund transfers and the launch of all new funds administered by the company.
“We have seen significant growth over the past few years and with the recent structural changes to the company,
The British Virgin Islands (BVI) has reversed recent trends by becoming the only offshore financial centre to have its rating boosted in the latest Global Financial Centres Index (GFCI).
The improvement comes against a backdrop of decline among all other offshore jurisdictions. The ninth edition of the GFCI (GFCI 9) revealed that the BVI has improved its GFCI rating by two points, securing 40th place in the rankings outright, having previously shared the spot with Brussels.
BVI’s achievement was made all the more remarkable by the fact that every other offshore centre fell in both the ratings and rankings,
Dermot Butler (pictured), Chairman, Custom House Group Fund Services, outlines some of the key exemptions for investment advisers under the Dodd-Frank rule.
Last summer, in July 2010, the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (‘Dodd -Frank Act’) was signed into law and, amongst other things, Title IV of Dodd- Frank amended the “US Investment Advisors Act of 1940” (‘IAA 1940’).
One of the important requirements of Dodd-Frank was that a broad range of both US and non-US fund managers and advisors had to register with the SEC by July this year. With this in mind, in November of
The Jersey funds industry continued to perform strongly during the final quarter of 2010 with increases both in the value of funds under administration and funds under investment management.
While the markets remain volatile, reflected in a 3% decrease in Jersey’s banking deposits during the final quarter, Geoff Cook, Chief Executive, Jersey Finance Limited, remains optimistic for the business opportunities that lay ahead in 2011 and beyond.
The statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending December 31st 2010. The headline figures from the statistics are as follows:
Banking deposits decreased
An affiliate of private investment firm HIG Capital has acquired the Marine business (Teleflex Marine) from Teleflex Incorporated. Headquartered in Litchfield, Illinois with operations around the world, Teleflex Marine is a leading provider of OEM and aftermarket steering and control products and accessories for the global recreational marine and related markets.
The company maintains industry leading market positions in the US and internationally with its SeaStar, Sierra, BayStar, Prime Line, and Proheat brands.
“We are excited to team up with HIG to grow our business and build on our market leading positions. As an independent entity, we will maintain
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