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LAIC Venture Capital, a provider of venture capital in the fields of oil and natural gas, mining and mineral rights, alternative energy, bioenergy and real estate, is opening a new local office in Sao Paulo Brazil in December 2010.
The Sao Paulo office will consist of 25 to 30 investment banking professionals and support staff and will offer a complete product portfolio of private investment banking products to both investors and entrepreneurs throughout South America.
“The further geographical expansion of the LAIC Venture Capital private investment banking value-added model is a top goal for us, and Brazil is the perfect
Martin Graham, formerly director of markets and head of AIM at the London Stock Exchange, has joined the board of Secondcap as chairman.
Secondcap is the developer of the first web based platform designed to automate the end-to-end transaction process for the secondary private funds market, including private equity, real estate and infrastructure funds.
Secondcap is set to go live with the launch of its SecondaryNet Transaction Management System in early 2011. SecondaryNet will provide increased liquidity and a network for the secondary market by providing industry best practice, reducing deal execution risk and increasing the number of participants
Geo Genesis Group, an advisory and investment company focussed on China and other emerging markets, has signed an agreement with Flourish Media, a Chinese based publisher of magazines, to provide a consultancy service to structure a listing and a fundraising.
Under the terms of the agreement, Geo Genesis will assist Flourish in structuring a regulated entity, if required, to assist Flourish in raising at least USD2m in order to gain a listing on the appropriate small cap market either in the US or in the EU.
Alternatively, Geo Genesis will help find the appropriate regulated entity to list Flourish.
Sungho Im (pictured), Head of the Global Portfolio Management Team at Mirae Asset Global Investments, believes that investors looking to capitalise on the rise of the Asian consumer should look beyond obvious sectors, such as consumer staples and discretionary, to areas such as the internet, healthcare, new financial services and education.
Much attention has recently been focused on the emergence of a new breed of consumer in Asia. The OECD forecasts that more than half the world’s ‘middle classes’ could be in Asia by 2020, and Asian consumers could account for over 40 per cent of global middle class consumption.
The Institutional Limited Partners Association has appointed Timothy Recker of the University of California Regents as chairman.
Recker is responsible for the University of California Regents private equity programme with over USD5bn in assets under management.
Prior to joining the UC in 2007, Recker was director of alternative investments for the Michigan Retirement System where he oversaw a USD13bn portfolio of private equity, hedge funds and structured products.
In addition to Recker, the board has appointed John Breen (vice president – head of funds & secondaries, Canada Pension Plan Investment Board) to vice chair; Jim Pittman (vice president – private
CDC, the UK’s development finance institution, has made a USD10m investment in Lok Capital II, a commercial microfinance fund that supports businesses across India.
CDC is an anchor investor in the fund and has helped Lok Capital II attract a total of USD52m at the first close of its fundraising.
Lok Capital II aims to raise a total of USD80m for onward investment in a range of new and established Indian microfinance institutions and businesses, which in turn provide financial services, healthcare and education to low income entrepreneurs and micro-businesses.
Lok Capital II will make long-term equity investments in microfinance
Atria Senior Living Group, a provider of independent living, assisted living and memory care services, has signed a definitive agreement to merge its real estate with Ventas, a healthcare real estate investment trust.
As part of this transaction, Ventas will purchase Atria’s portfolio of senior living communities in exchange for an estimated USD3.1bn, including USD1.35bn in Ventas stock, USD150m in cash and USD1.6bn in debt either to be assumed or repaid.
Atria will continue to manage the portfolio of communities and will remain an independent, privately-owned management company.
Subject to certain approvals, the transaction is expected to close in the
Fountain Partners has appointed John Van Hooser as managing partner.
Van Hooser joins Fountain Partners founder Tom Carter in managing its third fund, Fountain Leasing 2010, which is dedicated to equipment leasing needs of venture, growth and expansion stage companies.
Van Hooser brings over 15 years of venture capital and private equity experience most recently as a general partner at M/C Venture Partners.
"I am very excited to join Fountain and to work with Tom to continue to build on the company’s success," says Van Hooser. "In my years as an equity investor, I have had first hand exposure to
New technologies are helping fund boards operate more efficiently and effectively. Simon Small (pictured), managing director for licensing in Europe at Diligent Boardbooks, explains why the fund industry is waking up to the transformative potential of cloud computing in the boardroom.
As a result of global events over the past two years, the importance of good governance is more firmly in the spotlight than ever before. Company boardrooms in every sector are now subject to ever more rigorous compliance directives and procedures, which mean more paperwork and more information to compile, process and digest. Nowhere is this change felt more
Sovereign Capital-backed LM Funerals, one of the UK’s largest independent funeral services companies, has appointed Deborah Kemp as its new chief executive.
Kemp was previously chief operating officer of De Vere Hotels & Resorts, where she held executive responsibility for all aspects of financial and operational delivery across the company’s 13 sites, including the prestigious Grand Hotel Brighton and Cameron House Loch Lomond.
Prior to this Kemp spent over 20 years in pub retailing, most recently as managing director of Punch Taverns, where she was responsible for the company’s estate of 7,500 leased public houses.
Wolverhampton-based LM Funerals was
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