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Carbon Hub, a developer of carbon management web solutions, has closed its first financing round by raising EUR1m from Seventure Partners – a subsidiary of Natixis Private Equity – and Business Angels.
Carbon Hub provide software solutions and supporting services to help private companies and public sector organisations reduce their environmental footprint.
The Carbon Hub platform provides organisations with a complete solution to measure, manage, report on, and mitigate greenhouse gas emissions across complex environments. It enables stakeholders to identify and implement carbon reduction opportunities while reaping the financial benefits of streamlined operations.
With this successful financing, Carbon Hub is
The Association of Investment Companies has appointed Ian Sayers as director general of the association effective from 1 January 2010.
Sayers has been acting director general of the AIC since Daniel Godfrey left the association at the end of July 2009.
Carol Ferguson, chairman of the AIC, says: “On behalf of the board, I am delighted that Ian has accepted this position as he has done an outstanding job for the AIC. Ian’s intellectual rigour and specialist knowledge have already been an enormous benefit to the AIC. He has been instrumental in many of the association’s victories, particularly the VAT
HarbourVest Partners, a global private equity firm, has promoted Peter Lipson, Julie Ocko and Mary Traer to managing director.
Traer has also been named chief administrative officer.
Additionally, Karin Lagerlund has been named chief financial officer, Sebastiaan C. van den Berg has been promoted to principal, and Bruce G. Pixler, Catherine Shih, and Abraham Soquar have been promoted to vice presidents.
"We are pleased to recognize these individuals, who represent HarbourVest around the globe in Boston, Hong Kong, and London," says Brooks Zug (pictured), senior managing director of HarbourVest. "These promotions illustrate the growing leadership of our firm, our commitment
Offshore law firm Mourant du Feu & Jeune has appointed four Jersey-based partners.
James Hill became an equity partner of Mourant du Feu & Jeune earlier this year, and Felicia de Laat (pictured), Joel Hernandez and Michael Williams have been invited to become partners of Mourant LP.
The appointments are planned to take effect from 1 February 2010.
The promotions bolster the firm’s funds and finance and corporate practices in Jersey.
Managing partner Jonathan Rigby says: “We are delighted to welcome Felicia, Joel, James and Michael to the partnership. Each has made a strong contribution to the success of the
David Morrissey (pictured), New Business Development, Europe and the Middle East, SEI’s investment manager services division, looks back on 2009, ‘the era of the investor’, and what’s next for 2010.
Managers are being driven by their investors to have a transparent, independent, and process-driven operational environment. In this ‘Era of the Investor,’ managers need to have an operational environment that incorporates audit controls, data governance, and effective risk reporting.
Not surprisingly, these are also of extreme importance to regulators and, when done right, help to demonstrate that a firm is well run and has adequate risk controls and a robust
Northern Rivers Capital Management has entered into a binding agreement, subject to regulatory approval, to be acquired by BluMont Capital, a wholly owned subsidiary of Integrated Asset Management.
The transaction is expected to close in February 2010.
Established in 2001, Northern Rivers Capital Management is a private investment company located in Toronto, Ontario. Northern Rivers manages a family of six funds for high net worth and retail investors, including equity funds, alternative funds, and one private equity fund.
Founded in 1998, IAM is a Toronto based public company majority owned by management. IAM develops, distributes and manages alternative investments, including
Inflexion Private Equity, a mid-market private equity investor, has invested in travel business Griffin Global Group.
Headquartered in London, Griffin provides specialist travel services to the marine, offshore and cruise industries, arranging travel for crews rotating onto merchant ships, to oil and gas hubs and to cruise ships.
The business was founded in 1977 and has since expanded to deliver over GBP300m p.a. of travel services from 31 offices.
Griffin provides a completely outsourced service, enabling clients to eliminate the fixed cost of an in-house travel desk.
The investment is partly structured to allow the buyout of the estate of
Neuberger Berman’s private equity secondaries team has agreed to acquire a diversified portfolio of 21 private equity investments from a European family office.
The total transaction size is approximately USD200m, and the portfolio will be purchased by NB Secondary Opportunities Fund II, a USD1.7bn fund raised in 2008. Transaction terms and the identity of the selling entity were not disclosed.
“This transaction represents a superior opportunity to purchase an attractive and diversified portfolio of high-quality assets on behalf of our limited partners in NB Secondary Opportunities Fund II,” says Brian Talbot, managing director and head of the Neuberger Berman secondaries
Mariner Holdings has acquired a controlling interest in Palmer Square Capital Management, an alternative investment management firm based in Kansas City that specialises in funds investing in hedge funds and private equity funds.
Mariner chief executive Marty Bicknell (pictured) says: “We are delighted to make this significant investment in Palmer Square and its principals. We continue to see very strong investor demand for alternative investment products across our client base. Through the Palmer Square team, we have further strengthened our expertise in alternatives and have broadened our asset management product offering with a range of institutional quality fund of funds
Administrators of private equity funds have developed rapidly during their average 12 years of history, according to the first European private equity fund administration survey by Ernst & Young.
The survey revealed that the service offering of administrators can be described as close to fully fledged and covers a wide range from accounting, company secretarial services, investor register up to reporting.
However, services in the early stage of the PE fund cycle, such as assistance in the fund set-up, are not often provided. Also, tax services are not yet on the list of many of the respondents to this survey,
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