Latest News
ProGreen Properties has received an additional USD400,000 from EIG Venture Capital as part of the remaining USD500,000 funding due on or before 16 July 2010, pursuant to the private placement agreement dated 22 July 2009.
"These funds further increase our balance sheet and enable us to, more aggressively, pursue our acquisitions of distressed properties in Oakland County, Michigan," says Jan Telander, president and chief executive of ProGreen Properties.
ProGreen has also appointed Bryan Cherkasky as vice president of operations. Cherkasky has experience in the construction field from his previous position at The Richard Group, a building and development company in
Sean Ruhmann has joined Cambridge, Massachusetts-based adviser NEPC as a senior consultant in the firm’s alternative investments research group.
He previously was a vice president of investment banking with Goldman Sachs.
“Throughout his career at Goldman Sachs and Banc of America Securities, Sean has been providing innovative advice to his clients, particularly in the areas of private markets and real estate,” says Erik Knutzen, chief investment officer of NEPC. “We are excited to add a person with Sean’s experience to deepen our research resources.”
Ruhmann joins NEPC’s team of 20 research professionals dedicated to alternative assets and will focus
Starwood Capital Group, a private equity firm focused on real estate and energy, has hired Christopher Keber as director of global capital raising and investor relations.
Keber will lead a group responsible for the investor outreach efforts of the firm, including capital raising, investor relations and marketing.
Prior to joining Starwood, Keber worked in the New York office of the real estate private fund group at Credit Suisse, a private placement group focused on fundraising for private equity vehicles dedicated to real estate.
Previously, he was employed at Trinity Partners/Trinity Capital Advisors, a real estate services and investment firm where,
Kohlberg Sports Group has acquired Maverik Lacrosse, a designer, developer, manufacturer and marketer of lacrosse equipment, apparel and accessories.
Kohlberg Sports Group, an affiliate of Kohlberg & Company, also owns Bauer Hockey, a manufacturer of ice hockey equipment.
"Maverik Lacrosse has already become one of the top names in the sport and its products have become synonymous with quality and performance," says Sam Frieder, co-managing partner, Kohlberg & Company. "We are excited to invest in Maverik Lacrosse and provide the necessary resources and support to make it the top brand in lacrosse – just as Bauer is the top brand
Law firm Cadwalader, Wickersham & Taft has broadened its reach in China with the addition of Rocky Lee, a lawyer specialising in Asian equity markets.
Lee joins Cadwalader as Asia managing partner and head of its Greater China corporate practice in the corporate department.
"At this critical moment in the development of Asian finance and given the emerging influence of China, it is more important than ever for clients to seek expert advice concerning complex regulatory and legal matters in Asia," Lee says. "Cadwalader is known for that unparalleled sophistication and for the ability to deliver exceptional legal service under
SS&C Technologies, a provider of financial services software and software-enabled services, has hosted a launch event for its private equity industry solution at the Nasdaq MarketSite in New York City.
The company, its customers, service providers and prospects gathered together to experience SS&C’s software and services designed for the private equity industry.
In his keynote address, SS&C chairman and chief executive officer William C. Stone discussed the changing needs of private equity funds. In his remarks, he also highlighted changing regulatory requirements, increased demand for transparency from investors, and how private equity funds are adapting to the new realities to
Venture capital firm Highland Capital Partners is relocating Peter Bell from Boston to the firm’s Menlo Park office.
"Backing innovative, market leading companies in California has always been an essential aspect of Highland’s investment strategy," says Bell, general partner with Highland. "I am passionate about entrepreneurship and excited to return to California and further expand our presence in the region."
Bell joined Highland in 2006 and specialises in technology investments across all stages of company growth. He has worked with and invested in companies in the information security, e-commerce, data centre infrastructure, enterprise software and communications industries.
Bell serves on
Orangefield Trust has selected Advent Software’s Geneva portfolio management system and Advent Partner World Investor solution for investor accounting and servicing.
Orangefield Trust, formerly ING Trust, operates from offices in 11 jurisdictions across the globe.
The firm provides a wide range of management, administrative and trust or corporate services to funds, corporate clients and private clients.
Orangefield Trust already has over USD2bn assets under administration spread across 20 funds and is seeking further expansion of its business. To achieve this objective Orangefield Trust required a platform that would facilitate the desired growth without adding cost while delivering high quality service.
BookRenter, an online textbook platform company, has received USD10m in a series B financing round led by Norwest Venture Partners, with follow-on investments from Storm Ventures and Adams Capital Management.
The funds will be used to support growth initiatives that will enable BookRenter to maintain its service levels and meet growing demand.
"Norwest has an excellent reputation for understanding the big picture and cultivating trends into long-term successful businesses, and we are thrilled that they have decided to join us in our mission to make education more affordable for all students," says Mehdi Maghsoodnia, chief executive officer of BookRenter. "Their
Silver is being overlooked by investors in the rush for precious metals and is primed for a major price breakthrough that will outstrip gold, which has dominated the market’s attention in recent months, notes Jeremy Charlesworth, Manager of the Moonraker Commodities Fund.
Gold outperformed silver by 46% over the three years to 31 May 2010 and silver, given the long-term correlation between the two metals, is due a catch-up. As gold becomes ever more expensive, investors will turn to silver as an alternative precious metal.
Both metals are set to be driven even higher by the
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
