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DEALS
KKR and Salesforce Ventures have invested USD62 million in a Series B round for Copenhagen-based, no-code software test automation platform Leapwork, to accelerate its global expansion.
ALLOCATIONS
Allocators are blurring the boundaries between the hedge fund and private equity sides of their portfolios, as once strictly segmented alternatives buckets begin to blend, according to investment firm Cambridge Associates.
Dan Aylott, Managing Director and Head of European Private Investments, at Cambridge Associates says that the distinction between hedge funds and private equity has become an increasingly “grey area”.
“Those parts of a portfolio are less distinct today than they were. Within Cambridge Associates, hedge funds don’t compete against private equity for the best ideas or vice versa, there’s a lot more overlap,” he commented.
The palette mixing of
ESG
Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and shorting, according to Cambridge Associates.
Trudi Boardman, Hedge Fund Specialist at Cambridge Associate said that many hedge funds are still in the earlier stages of introducing ESG policies and processes, and that “there’s still a long way to go.”
She commented: “The ESG area is still very much a work in progress on the hedge fund side. There are challenges in
DEALS
Info Edge Ventures has led a USD2 million seed round into Lumiq, an Indian data and analytics company that provides data-driven decision-making for financial enterprises.
The funding round also saw participation from Redstart Labs and angel investor Parampreet Bhasin. Lumiq plans to utilise the fresh capital in the company’s sales growth, improve its product offering, as well as expanding its global presence.
Lumiq is on a mission to make financial enterprises manage their data better, as it believes that most data pipelines of financial enterprises are broken. This results in an inefficient and suboptimal utilization of a vast pool
SPACs
The International Stock Exchange (TISE) has revised its Listing Rules to attract Special Purpose Acquisition Companies (SPACs).
PRIVATE MARKETS
German institutional and high-net-worth investors are increasingly turning their attention to the private markets space, with a specific focus on private equity and private debt.
DEALS
Breega, backer of Moneybox, and Connect Ventures, backer of Truelayer, have closed a GBP5m seed equity round into Keebo, a credit card approved by the FCA to use open banking data.
PODCAST
Private equity firm CVC plans to inject USD3.2 billion into Spain’s La Liga, which covers Spain’s top two soccer divisions, in exchange for nearly 11 per cent of its television rights over 50 years, a deal which is currently being contested by two of its heavyweights: Real Madrid CF and FC Barcelona.
RESEARCH
Global M&A activity saw a strong recovery in H1 2021, as dealmaking count and value are both set to reach or surpass the record highs of previous years, according to Pitchbook’s latest Global M&A report.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
GUEST ARTICLE
Sanne acquisition: A bidding frenzy between hedge funds and private equity?
GUEST ARTICLE
Sanne acquisition: A bidding frenzy between hedge funds and private equity?