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The London Stock Exchange has admitted HarbourVest Global Private Equity to the Specialist Fund Market.
Following its admission, HarbourVest’s shares will be traded on both the Specialist Fund Market and Euronext Amsterdam under the symbol HVPE.
HarbourVest Global Private Equity is a Guernsey-incorporated closed-end investment company, investing in a private equity portfolio diversified by geography, strategy, vintage year and industry.
It is managed by HarbourVest Advisers, an affiliate of HarbourVest Partners, a private equity fund of funds manager which has committed more than USD30bn to private equity investments over its 28-year history.
HarbourVest Global Private Equity invests in and
Internet Pawn, an online pawnshop in the US, has completed a USD1.5m series A equity financing.
New investors Daylight Partners and Access Ventures joined the company’s founders in the financing.
"We are thrilled to welcome Daylight Partners and Access Ventures to the company’s family," says Todd Hills, co-founder and chief executive. "The expertise and capital our new partners bring will help us meet the increasing demand for our cash loan services around the US."
Rocky Mountain, of Austin, Texas based Daylight Partners, has joined the company’s board as part of the transaction.
"Daylight rarely invests in companies outside of our
Private equity firm Intel Capital is making some changes to its managerial structure as a result of increasing business opportunities in Europe, Middle East and Africa.
Intel Capital EMEA is being split into two geographies with managing directors for each.
Marcos Battisti (pictured) and his team will look after Western Europe and Israel, and will be based in London. Battisti joined Intel Capital Europe in 1998 and has recently been responsible for Intel Capital’s mobility sector investments in EMEA.
Marcin Hejka will lead the team responsible for the Central and Eastern European Region and Middle East, Turkey and Africa regions and
Private equity firm Riverside has acquired Mansell Group, a provider of web-based email technology-enabled marketing.
Mansell’s products allow companies to create, send and track marketing materials.
It also provides SMS mobile marketing, broadcast voice messaging, database management, customer intelligence and online lead generation services.
Mansell is the first investment funded from Riverside Micro-Cap Fund II.
Loren Schlachet, Riverside managing partner, says: “We see a lot of growth potential in Mansell, both via add-on acquisition and through enhanced sales. Mansell provides an outstanding service, and we believe we can deepen existing relationships while building new ones.”
Allen Nance, Mansell president
Tullett Prebon, an inter-dealer broker, has launched a primary placement business for alternatives to raise capital for hedge funds, private equity and other alternative investment funds.
Tullett Prebon’s alternative investment desk began over a year ago to place secondary interests in alternative funds on behalf of institutional investors.
The team aims to leverage its buy-side experience coupled with its reach in the global institutional investor market to attract blue chip clients.
The alternative investment team, headed by Neil Campbell, a former fund of funds manager, has hired Gahtan Vahidy to drive its origination efforts.
Vahidy and Campbell previously worked together
Swedbank Ieguldîjumu Pârvaldes Sabiedrîba, SEB Venture Capital and LHV Varahaldus have joined as investors to the BaltCap Latvia managed venture capital fund.
In total the BaltCap fund has attracted seven private sector institutional investors.
The other four are Parex Asset Management, Hipo Fondi, LKB Krâjfondi and Pirmais Slçgtais Pensiju Fonds.
Harijs Ðvarcs, head of Swedbank IPS, says: “This is an exceptional opportunity for participants of our pension plans to earn together with fast growing and perspective Latvian companies. Thanks to BaltCap’s local market knowledge and experience, as well as the European Investment Fund’s financing, favourable conditions have been established
Carey Olsen, a law firm in the Channel Islands, has recruited four lawyers.
Oliver Quarmby, Vanessa Moussaieff, Sophia Harrison and David Jones join the firm with experience gained at magic-circle firms in London and top tier firms from across the UK.
Quarmby, who joins the firm’s corporate team as an associate, is a specialist funds lawyer from Laven Legal Services in the City. He began his career in the funds group at Stephenson Harwood before joining the corporate finance team at City broking firm Collins Stewart where he was assistant director of corporate finance.
Jones is credited with developing the
Normandy Real Estate Partners and Five Mile Capital Partners have executed a lease for Bain Capital to relocate its Boston offices to the John Hancock Tower.
Bain Capital, a private investment firm, has signed a 15 year lease spanning at least seven contiguous floors of Boston’s tallest office tower.
It initially comprises 208,000 square feet, with the option to expand to up to 270,000 square feet prior to occupancy.
Bain Capital anticipates occupying its new offices beginning in the autumn of 2011.
The new lease will bring the total occupancy at the John Hancock Tower to approximately 95 per cent.
Corporate finance adviser, Close Brothers Corporate Finance, has been renamed DC Advisory Partners.
The change in the company name follows the sale of Close Brothers Corporate Finance to Daiwa Capital Markets in July 2009. DC Advisory Partners remains an independent advisory business, with the capacity to draw on the resources of its parent operations in Asia and the United States.
The company currently has nine European offices (in the UK, France, Germany, Spain, Switzerland and Poland), employing over 200 practitioners, and provides independent, conflict free advice through its pan-European offices and its sister companies in Asia and the United
VTB Capital has closed a minority stake acquisition in EPAM Systems, a global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe and headquarters in the USA, which was established in 1993.
Over 90% of the company’s staff are based in Russia and Belorussia. EPAM Systems’ CEO is Arkadiy Dobkin, while the largest shareholder is private equity firm, Russia Partners managed by Drew J Guff.
“Our investment in EPAM is another incremental step in executing the VTB Capital’s strategy to expand asset management business by investing in private companies," says Yuri Soloviev (pictured), Global CEO
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