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In a poll of senior private equity executives by KPMG, nearly half of the executives pointed to North America as offering the best investment options, despite the perceived consensus that investment opportunities are ripest among the emerging markets.
Of the private equity executives surveyed at the SuperReturn US 2010 Conference in Boston this month, 48 per cent said North America was the best region to invest in based on competition, relative valuations, projected returns, economic outlook and relative ease of doing business.
China followed with 19 per cent of respondents, Latin America at 17 per cent, and India at seven
SV Life Sciences has held the final closing of its newest fund, SV Life Sciences Fund V.
The fund closed with total commitments of over USD523m, well exceeding its target of USD400m.
SV Life Sciences’ fifth international life sciences fund brings the firm’s total funds under management to over USD2.0bn, making it one of the largest venture capital investment groups dedicated to the life sciences sector.
The diversified investment strategy of SVLSF V remains consistent with that of earlier funds. SVLSF V will be focused on providing start-up, early stage and expansion capital to life sciences companies in the US
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment cycle…
Whilst we don’t believe the US will necessarily lead the global recovery, what is certain is that it has moved from recession to recovery and there is little evidence that the US will slip back into recession. The balance of the economic reports in the US have been positive and we believe the market is underestimating the powerful cyclical
Andrew Milligan, head of global strategy at Standard Life Investments, argues that it will take time before the effectiveness – or otherwise – of the UK’s proposed new structure financial for financial regulation becomes clear.
Anyone who flies into Edinburgh airport sees one of the great sights of Victorian engineering: the Forth Rail Bridge. This magnificent structure, built to withstand all that nature could throw at it, has an interesting history. Only a few years before, public attention had been caught by a great disaster, the collapse of the Tay Rail Bridge, with substantial loss of life. Engineers learn from
GlobeOp Financial Services, a provider of business process outsourcing, financial technology services and analytics to hedge funds and other asset managers, had assets under administration of USD121bn at 31 May 2010, an increase of nearly 50 per cent over the last 12 months.
GlobeOp added 16 new middle, back office and fund administration clients in the first five months of the year, with total AUA of nearly USD3bn.
Aggregate client fund performance has added USD5bn to GlobeOp’s AUA.
Subscriptions totalled nearly USD18bn in the first five months while redemptions and terminations were USD15bn through May.
New funds from existing clients
Gwendolyn J. Wong has joined Silicon Valley Bank to manage credit approval and product development for SVB Private Client Services’ venture capital and private equity clients.
SVB Private Client Services provides personal financing solutions to entrepreneurs, investors and senior executives within the industries it serves.
"Our dedication to venture capital over the last three decades has given us unique insight into the financial needs of venture capital partners and technology entrepreneurs," says Greg Becker, president, Silicon Valley Bank. "In more than 30 years of banking, Gwen has developed an outstanding reputation and track record, particularly with the venture community. She
The Alternative Investment Management Association says that while some details and definitions contained in the US Dodd-Frank Bill remain to be clarified, it supports those parts of the bill relating to the registration of hedge fund managers.
It also supports the periodic reporting by managers to supervisors in the interests of improving their ability to assess financial stability
“This is not because any individual hedge fund is likely to be deemed systemically important, or because the sector in any way increases financial stability risk; it does not,” says Todd Groome, chairman of Aima.
“In fact, the diversity of our industry’s
Private equity firm Avista Capital Partners has formed Avista Capital Europe as part of its strategy to expand its European presence.
Avista Capital Europe will be based in London and the firm has recruited a team of private equity professionals, Newton Aguiar, Allen Yurko, and Kunal Pandit, to form the Avista office there.
Each of Avista’s new European team members come from DLJ Merchant Banking Partners, Credit Suisse’s private equity arm, from which Avista spun out in 2005.
Aguiar will be a partner at Avista and head the firm’s activities in Europe. Yurko joins the firm as an industry executive
Acturis, a provider of insurance technology solutions, has received a minority investment from Summit Partners, a growth equity investor.
Financial terms of the transaction were not disclosed.
Acturis, founded in 2000 and headquartered in London, provides technology solutions to general insurance brokers, underwriters and affinity networks in the UK and internationally.
Its administration, underwriting and trading platform is used by more than 7,000 users across 300 sites processing in excess of GBP2bn of gross written premium annually. The company’s customers include Allianz, Axa, Aviva, RSA, Giles, Jelf, Bluefin, Oval, Heath Lambert, Swinton and Willis.
“Acturis has grown rapidly
Dan Matthews has been appointed as an executive director of GE Capital’s European leveraged finance unit.
Matthews will join the UK based leveraged finance origination team and will report into Paul Scott, managing director and head of sponsor coverage.
Based in London, Matthews will be responsible for helping to grow GE Capital’s sponsor lead arrange franchise.
Matthews joins GE Capital from Barclays Bank’s strategic debt finance division where he spent five years sourcing, structuring and executing private equity backed transactions, having had coverage responsibility for the UK mid market.
Prior to Barclays, he spent six years at Rothschild generating
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