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Dunedin, a UK mid-market buyout house, has expanded its London and Edinburgh offices.
Dunedin’s London office is moving to larger premises in St James’s and a number of staff promotions have been made.
Dunedin’s Edinburgh office is expanding with the recruitment of a new member to the investment team.
Ross Marshall, chief executive of Dunedin, says: “Having recently completed the all equity buy-out of Weldex in only three weeks, we believe that there will be good deals to be done by private equity houses which can move fast. Consequently, we are strengthening our team to ensure that we can move
Hedge fund managers increased their appetite for risk in September following signals that the Federal Reserve will vote to take additional quantitative easing measures, according to Anthony Lawler, Head of Portfolio Management at Man’s multi manager business.
The move into risky assets such as emerging market equities, FX and commodities led to a positive month’s performance in September for most hedge funds.
Managers’ moves to increase risk in September were typical of a volatile 2010. After giving back much of July’s gains in August, equity markets rallied again in September as bearish economic indicators gave way to renewed optimism
Piper Jaffray will transition its private capital business to become an independent firm.
The transition is expected to be effective on 1 December 2010.
The fund of funds business will transition to the key principals of the private capital subsidiary, who will rename the independent company North Sky Capital.
The entity will be led by Scott Barrington, an 11-year veteran of the private equity business and a Piper Jaffray managing director.
North Sky Capital will manage each of the funds raised by Piper Jaffray Private Capital, comprising approximately USD700m of committed capital. In connection with the transition, the existing funds
Redx Pharma, a UK based bioscience company, has been launched with a GBP1.9m investment package from the public and private sector.
Support has been provided by the NWDA’s Northwest Interim Venture Capital Fund, which is managed by YFM Private Equity, and includes backing from the European Regional Development Fund.
A number of private investors have also taken a stake, including the venture capitalist Jon Moulton and several investors from the North West, Yorkshire and London.
Redx Pharma will develop therapeutic remedies based on existing classes of drugs, structurally modifying them to create new proprietary medicines. Benefits for patients will include
The post of director of investment business at the Guernsey Financial Services Commission will be advertised locally and in the Financial Times this week.
Peter Moffatt (pictured), the current director who joined the Commission in 2000, will retire from the role early next year.
Nik van Leuven, the director general of the GFSC, says: “I have known Peter since he joined the Commission. He brought to the role of director his own inimitable style, reinforced by a keen intellect and challenging approach. The high respect with which the funds sector is held externally owes much to his thought and care.”
SBI Ven Capital has selected Imagine Software’s ASP service, Derivatives.com, for risk and portfolio management.
SBI Ven Capital, a Singapore subsidiary of Japan-based SBI Holdings, is a private equity firm providing growth capital to companies in the mid-market sector in the Asia Pacific region.
Its adoption of Imagine includes both risk and portfolio managers based in Tokyo and Singapore, trading through Shenton Structured Projects, SBI’s public markets proprietary desk.
Its global macro strategy covers a variety of asset classes encompassing bonds, equities, FX, futures and options.
Kaz Makabe, director of Shenton, says: “The key capabilities that make Imagine’s offering so
Dow Jones VentureWire has worked with ten venture capitalists and technology experts to screen and select 50 technology companies that are leading in innovation and have demonstrated the potential for longevity and success.
The list shares an inside look at the technology companies that investors and industry editors think could become the next big success.
The list features 50 early-stage companies from across the technology industry, including online commerce, web applications, security, the cloud, energy efficiency and healthcare technology.
Five of the noteworthy companies already gaining traction in the industry are:
1. Foursquare Labs – provider of a location based social
Black Pearl Capital Partners has invested in Hantec Markets in an effort to help expand its presence in the European retail forex market.
As a member of the Hantec Group, the UK-based Hantec Markets is part of an expansion from China to Japan, Australia, New Zealand, and now to Europe.
"The FX market produces a higher leverage than the standard stock loan agreement which has always made it attractive for banks and larger financial institutions. Today through new currency trading technology services from Hantec Markets, any trader can tap into this market," says Reza Irani-Kermani, chief executive of Black Pearl
Kohlberg Kravis Roberts has bought Chevron’s 23.44 per cent stake in the Colonial Pipeline.
KKR acquired the minority stake in partnership with the National Pension Service of Korea, the fourth largest public pension fund in the world.
The Colonial pipeline system is the largest refined products pipeline in North America, running from supply centres in the Gulf Coast to customers located along the eastern seaboard of the US.
Chevron was one of five shareholders of Colonial.
"Colonial plays an important role in supplying the eastern US markets with a variety of fuels. The pipeline is an attractive infrastructure asset with
Bertram Capital, a private equity firm headquartered in California, has promoted Tom Beerle, Jeff Giles and Tim Heston to vice president.
The promotions follow the closing of Bertram Capital’s second fund, Bertram Growth Capital II, with USD500m in limited partner commitments.
"Tom Beerle and Tim Heston have made significant contributions to our investment team in a very short period of time, playing key roles in our recent acquisitions of One Distribution and Stoffel Seals," says Jeff Drazan, managing partner. "As the founding member of our business development team, Jeff Giles has been integral to building the Bertram brand and establishing
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