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Iron Capital, a venture focused private equity services firm, has launched Iron Capital Wealth Management, a new division that will offer financial advisory services to high net worth individuals.
The Iron Capital Wealth Management service will work in tandem with the Iron Capital liquidity desk, which helps individuals seeking liquidity from shares and options in privately held companies.
Iron Capital has also partnered with an institutional wealth services firm to offer independent wealth advisers access for their clients to shares in private companies, which are typically unavailable to this investor class. In addition, clients registered with the wealth services firm
Jersey Finance has welcomed the conclusions of the Review of British Offshore Financial Centres, which was launched in November last year when Michael Foot was asked to review the opportunities and challenges facing British Crown Dependencies and overseas territories that had significant financial centres.
Published today, the report includes an examination of how these financial centres are managing the effects of the economic downturn, as well as their overall ability to respond to major economic shocks. Issues such as implementation of international standards for regulation and information exchange are also reviewed.
Jersey is regarded as performing extremely well in all
US venture capital investment in cleantech companies in Q3 2009 increased 46 per cent compared to the prior quarter to USD965m in 50 financing rounds, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.
This is the second consecutive quarter of growth in 2009 and the fifth largest quarterly investment total on record.
Compared to Q1 2009, quarterly investment has increased 182 per cent in terms of capital and doubled in terms of financing rounds.
Continuing a trend that began in the first quarter of 2009, the majority of investment dollars – 61 per cent
At first glance, it would be easy to say that the report by former UK regulator Michael Foot on the three British crown dependencies and six other overseas territories was a statement of the blindingly obvious. And possibly at second glance, too.
The report published yesterday warned the territories that they would have to meet international standards on regulation, financial crime and exchange of tax information, and suggested that for reasons of both economic need and fiscal compliance those jurisdictions that currently do not levy a standard corporate income tax should consider doing so.
None of this is any revelation
TJ Hughes, the big brand discount department store backed by European private equity firm Silverfleet Capital, has appointed Hawkpoint to undertake a strategic review of the business.
Sue Tennant, chief executive of TJ Hughes, says: “We’ve defied the gloom on the high street with a successful strategy of providing branded products at discount prices. There is still much untapped potential and value to deliver; including the opening of new stores and a bigger internet offering. We have had several unsolicited approaches for the business and the time is now right to undertake a full review of our strategic options.”
TJ
State Street has been appointed to provide fund administration services for Intermountain Equity Group’s newly launched private equity fund.
State Street will support IEG’s USD400m private equity real estate fund with a full range of administration services, including custody, accounting, financial reporting and tax services.
Based in Sun Valley, Idaho, Intermountain Equity Group was established in April 2009 by VP Companies and Capital Partners.
“Appointing State Street as our administrator will allow us to focus on managing our new fund and providing value to our investors,” says David Hutchinson, managing director of IEG. “State Street was the clear choice for
The Churchill Club, Silicon Valley’s business and technology forum, will host a discussion with private equity and venture capital experts on 3 November 2009 on the future of venture capital and private equity investing, heading into 2010.
According to the forum, private equity and venture capital will play a key role in getting the economy back on track, and the Valley will lead the way. There are more than 2,000 private equity firms in the US and nearly USD450bn in assets to invest, most of which originate in Silicon Valley.
The Churchill Club says despite the eye of the storm
CounselWorks, an advisory firm to alternative investment firms, banks and broker/dealers, has hired Brad Caswell, former general counsel and chief compliance officer of DKR Oasis, as a managing director.
Caswell will work closely with clients on strategic business, legal, regulatory and compliance matters, particularly hedge funds and investment firms with international businesses.
Prior to DKR Oasis, Caswell served as associate general counsel and a board member of the DKR group of funds. Prior to joining DKR Capital, he was vice president and assistant general counsel at Goldman Sachs. He joined Goldman from the law firm of Clifford Chance Rogers &
Henderson Equity Partners has completed a USD17m investment in Genesis Colors Private, a specialist in Indian luxury apparel, on behalf of Henderson Asia Pacific Equity Partners II.
Genesis is engaged in the design, manufacture and sale of luxury apparel under the Satya Paul brand and also has distribution rights in India for several international luxury brands, including Canali, Kenzo, Aigner, Paul Smith, Jimmy Choo, Just Cavalli and Bottega Veneta.
Sanjay Kapoor, joint managing director of Genesis Colors, says: “We are delighted to have Henderson Equity Partners as investment partners and we plan to use our partners’ strategic inputs to
Geo Genesis, an advisory and investment company focused on China and other emerging markets, has formed a partnership with independent merchant bank Octant.
The partnership will use each group’s expertise and provide a full service offering to growth companies looking to develop their businesses and potentially list on an international exchange.
Established in 2005, Octant has a global network of financial and business partners, through which it develops funds and opportunities with specialist operators in the energy and carbon transformation, infrastructure and real estate, financial services and health, science and technology sectors.
The new partnership has already won
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