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Castleforge, a vertically integrated, operationally focused private equity real estate manager targeting the UK and select European cities, has promoted Adam MacLeod and Julian Feldman to partner, effective immediately.
MacLeod joined Castleforge in 2015 as the firm’s Head of Investment Strategy and Research, before being promoted to Managing Director in 2020. Prior to joining Castleforge, he worked in the US and UK with law firms Sullivan & Cromwell LLP and Cravath, Swaine & Moore LLP. He will continue to manage investment operations of Castleforge’s business, including in-house portfolio companies, and the development and management of research and investment strategy processes.
Stellus Capital Management (Stellus), a middle market direct lending specialist, has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).
The PRI is recognised as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into both their firm governance and investment decisions.
The PRI acts in the long-term interests of its signatories, the financial markets and economies in which they operate, and ultimately of the environment and society as a whole.
Signatories pledge to incorporate the PRI’s six Principles for Responsible Investment into their investment, due diligence and
Permira has appointed Simon Segars, former CEO of Arm, as a senior adviser to its technology team.
Sutton Coldfield-based heating, electrical and security services firm, Butco Heating Limited (BHL), has secured a £300,000 funding package from MEIF Maven Debt Finance, part of the Midlands Engine Investment Fund (MEIF), managed by Maven Capital Partners (Maven) and backed by the Recovery Loan Scheme.
Butco Heating Limited provides a range of heating, electrical and security services and will use the funding to expand its offering to installation, servicing and repairs of home boilers, smoke alarms and home security systems, including rewiring and repairs.
Trading in the West Midlands for over 60 years, Butco Heating is committed to its growth across
Foresight Group (Foresight), a listed regional private equity and infrastructure investment manager, has held the first close of the Foresight North East Fund.
The Fund is targeting a £60 million raise and has been made possible through funding from Durham County Council’s Pension Fund, from which £18 million has been committed to the launch, with further support from Teesside Pension Fund.
Building on Foresight’s strong track record of working with high growth, established smaller companies across the UK, the new Fund will provide equity investments of up to £5 million.
The fund will support companies across all sectors with headquarters
FloWorks International (FloWorks), a specialty flow control distribution platform backed by Clearlake Capital Group, has acquired netMercury, a specialty parts and services distributor.
Financial terms of the transaction have not been disclosed.
Founded in 2000, netMercury is a distributor of critical parts and services to the global integrated circuit fabrication and technology industries with three locations in Dallas, Austin, and Phoenix. The Company’s family of products includes system controls, temperature controls, high purity valves and fittings, fluid pumps, liquid flow controls, cleanroom equipment, consumables, vacuum pumps, and wafer process equipment, among others. netMercury also provides project management, including repair
4Trans, a fintech specialising in financial products for supply chain and logistics companies, has secured €18 million in investment from backers including Atmos, Tera Ventures, and Lighthouse.
Impact investment fund management firm based in the UK, Advance Global Capital has also extended a revolving credit facility to the firm.
4Trans will use the equity funding to strengthen domestic operations, expand to Poland, develop its platform and grow its international team. With the debt funding provided, it will be supporting the working capital needs of small and medium sized businesses in the region.
The announcement follows a period of rapid growth
New research from Intertrust reveals that CFOs may in fact be underestimating investor expectations in reporting requirements, along with in-house and outsourcing investment.
Intertrust Group’s most recent report, The future private capital CFO: Unleashing potential in the ESG era, found that more than 40% of private capital investors are looking for live updates on portfolio performance, while around 55% will be looking for either live or daily updates on ESG performance – 10% higher than anticipated by CFOs.
In order to meet the need for frequent and reliable data in the years to come, CFOs and investors agree that
Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser, US Institutional Services, focused on alternative investment capabilities in the US.
Rotunda Capital Partners (Rotunda) has closed Rotunda Capital Partners Fund III with $405 million in total capital commitments.
The Fund was oversubscribed above its initial target of $295 million.
Fund III received capital commitments from a diverse set of investors, including public pensions, corporate pensions, insurance companies, healthcare companies, multi-manager funds, consultants, and family offices. Rotunda is especially thankful for the continued support by way of fund commitments from several former Rotunda portfolio company executives and family-founders with whom we have partnered in the past.
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