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The Alternative Investment Management Association has welcomed the call by G20 finance officials for a consistent and coordinated approach to the oversight of hedge funds.
Todd Groome (pictured), chairman of Aima, says this is important for a global industry and is supportive of the goals set by global leaders.
“While hedge funds are not themselves systemically important institutions, they can help to provide systemically relevant data reporting in the interests of financial stability,” he says.
With regards to the Alternative Investment Fund Managers Directive, Groome says he hopes EU policymakers will take note of the G20’s call for a
Future Capital Partners, an alternative investment boutique, has created a major accounts team to strengthen the firm’s client service expertise.
The new team consists of Tim Barker (pictured) who joins as major accounts director, and Susie Feeney who has been appointed as business development associate.
The team will work closely with Future Capital’s existing clients, as well as the IFAs, wealth managers, financial institutions and accountants through whom Future Capital’s products are available.
The team will also help to identify new clients and will be responsible for developing and strengthening relationships with key intermediary firms.
Barker has 25 years of
Sovereign Capital, a UK private equity firm, has acquired Sterling Homecare as the first bolt-on for its domiciliary care provider City & County Healthcare.
Based in Blidworth, Nottinghamshire, Sterling provides approximately 7,000 hours of care per week to the elderly in their own homes, under contract to local authorities, primary care trusts and a number of private clients.
Each of Sterling’s five branches across Nottinghamshire and Leicestershire are rated “good” by the Care Quality Commission.
Together, Sterling and City & County Healthcare’s operating brands create the fifth largest provider of domiciliary care in the UK. The group now employs
J.P. Morgan Private Equity says its net asset value per USD equity share increased by 4.7 per cent to USD1.34 at 31 March 2010 from USD1.28 at 31 December 2009.
Excluding the impact of currency, J.P. Morgan Private Equity’s NAV per USD equity share increased over seven per cent during the first quarter.
The NAV per share for the company’s 2013 and 2015 ZDP shares increased from 57.06p to 58.06p and from 53.10p to 54.20p, respectively, during the first quarter, representing gains of 1.8 per cent and 2.1 per cent, respectively, per share.
J.P. Morgan Private Equity is a Guernsey
Centerview Partners has appointed Skip Paul, a media and entertainment veteran, as a senior adviser in its advisory practice.
Paul will be a key participant in Centerview’s expansion in the media and entertainment sectors, and will be based in Centerview’s Los Angeles office.
Paul has achieved success across an array of sectors from motion picture and video games to theme parks and social networking companies.
He brings to Centerview transactional and operational experience working with both established and emerging companies and management teams.
"Skip has been a friend and client for over 20 years," says Adam Chinn, a co-founder of
Millennium Technology Ventures has held a final closing for Millennium Technology Value Partners II, with USD280m in committed capital.
The new fund, which launched in 2009 with a target of USD200m, ended oversubscribed and closed at USD280m in limited partner commitments.
Millennium’s prior fund, which held its final closing four years ago, was a USD130m fund.
Sam Schwerin (pictured), managing partner at Millennium, says: "Among the key hallmarks of our strategy that has resonated particularly well with the marketplace is our initiative to create trusted partnerships with leading private companies to provide access to liquidity solutions for their constituents. With
The Universities Superannuation Scheme has expanded its private equity investment programme by acquiring a USD135m interest in the Neuberger Berman Secondary Opportunities Fund II from the Lehman Brothers Estate.
With this acquisition USS becomes the largest investor in the USD1.77bn fund raised in July 2008.
“We welcome USS as a limited partner in our latest fund,” says Brian Talbot, managing director and global head of secondary private equity at Neuberger Berman. "USS is a sophisticated investor and well respected in the private equity community. The fact that USS was interested in assuming such a large commitment to our fund is
Hercules Technology Growth Capital, a specialty finance company providing venture debt and equity to venture capital and private equity-backed technology and life science companies, has appointed Janice Bourque as managing director in the life sciences group in Hercules’ Boston office.
Bourque has over 25 years of experience in financial services and life sciences.
Most recently, Bourque served as an advisor to Commons Capital, an early stage venture capital fund. In this position, she provided strategic corporate investor fundraising knowledge and supported Commons Capital and Oxford Bioscience Partners’ new joint venture, Commons Global Health Fund, which focuses on healthcare investments for
BaltCap has attracted private fundraising for the first ever risk capital fund to invest into Lithuanian SMEs.
It forms part of the European Investment Fund managed Jeremie Holding Fund initiative in Lithuania.
The fund will result in EUR20m being invested into Lithuanian micro, small and medium enterprises.
It will focus on expansion financing of SMEs with established operations and growth potential taking equity stakes of up to EUR3m with the aim to build a diversified portfolio of seven to 15 investments selected by the management team of BaltCap.
The fund consists of EUR14m provided by the Jeremie Holding Fund and
Vision Opportunity China Fund has invested USD2.0m in Silver Pearl Enterprises as part of a USD23.15m financing by private placement.
Simultaneously with Vison’s investment, Silver Pearl has acquired all of the issued and outstanding ordinary shares of Keyuan International Group through a reverse merger.
Keyuan International conducts its business through its wholly-owned subsidiary Keyuan Plastics, which is an independent China-based manufacturer of a wide range of petrochemical products, including BTX aromatics, styrene and propylene.
Keyuan Plastics owns and operates an annual 550,000 metric tonne capacity petrochemical facility in Ningbo, Zhejiang province, which commenced production in October 2009. The net proceeds
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