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Collas Crill has appointed Chantelle Day as Counsel in its Corporate, Finance and Funds team in Cayman. Day trained and worked in a large Cayman Islands law firm for the first 12 years of her legal career and has spent four years practicing law in Dublin and London.
The outlook for private markets fundraising over the next year may be challenging, but the adoption of purpose-built, firm-wide software solutions can help GPs instil investor confidence and provide impeccable investor servicing, says Jessie Juan (pictured), founder and partner at data management specialist Quantium Technology.
A consortium of private investment firms led by Elliott Investment Management, Patient Square Capital, and Veritas Capital, is to acquire Syneos Health for $43.00 per share in cash in a transaction valued at approximately $7.1 billion, including outstanding debt.
AlpInvest Partners and HarbourVest Partners have helped One Equity Partners raise $1 billion for a new continuation fund for two of its portfolio companies – construction parts distributor USCO and laboratory glassware maker DWK Life Sciences – according to a report by Bloomberg.
The report cites a statement made by One Equity Partners as revealing that the portfolio companies will use the funds for acquisitions and growth opportunities. The new fund is co-led by Carlyle Group Inc’s private equity unit AlpInvest and HarbourVest.
Continuation, or secondary funds, allow long-time investors to access some liquidity while bringing in new investors to
Aggregate capital raised in the year to 30 June 2022 (FY22) by Australian private equity and venture capital funds more than doubled and quadrupled compared to fundraising in the previous year, according to the Australian Private Capital Market Overview 2023 from Preqin and the Australian Investment Council.
The report confirms that in FY22, private equity funds raised AUD9 billion and venture capital raised AUD2.7 billion.
Fund inflows were not limited to institutional funds; Australian superannuation funds in 2022 comprised 28% of all private capital investors, down from 42% in 2018, driven by the consolidation of funds that has occurred at
LightBay Capital, a Los Angeles-based private equity firm focused on service-based, middle-market companies, has held the close of LightBay Investment Partners II LP and its related vehicles with total capital commitments of $1.04 billion.
BaltCap, a private equity manager focused on the Baltics, has agreed to acquire a 70% share in automation services provider Hansab Group. Hansab has a strong presence in the Baltics, and with BaltCap’s backing, plans to expand outside the region and diversify its service portfolio.
Founded in 1991, Hansab develops and provides security, cash handling, point of sales, parcel handling, queuing, parking and other automation solutions and services to its B2B customers in logistics, finance, public, retail and other sectors. The company operates in Estonia, Latvia, Lithuania and Finland, with 18 offices and service points across the region.
Financial terms
Jacmel Growth Partners, a minority-owned, private investment firm focused on working with midsize companies, has appointed Mark Hardaway to the newly-created role of chief financial officer (CFO).
James Gamett, Founder & CEO of Sweetwater Private Equity, outlines how the growth and dynamic pricing nature of buyer-led secondaries has helped make private companies more accessible for investment than ever before, and how patience, selectivity, and diligence are the firm’s watchwords for future success…
Apollo Global Management has lowered the target for its new flagship buyout fund, with the firm now expecting to secure capital commitments in the “low $20 billion range” rather than the original figure of $25 billion, according to a report by Bloomberg.
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