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NEWS
Texas-based private investment firm Andros Capital Partners has closed its energy-focused inaugural investment fund Andros Energy Capital LP at its USD250 million hard cap.
Andros did not use a placement agent or any outside advisor in connection with the capital raise. Partners Michael De Voe Piazza and Phillip Isom of Willkie Farr Gallagher LLP provided legal counsel to Andros in connection with the fund formation.
The fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector.
Andros is mainly focused on middle-market transactions requiring between USD25 and USD200 million
RESEARCH
Venture capital funds delivered exceptional performance in 2019 globally, which continued in Q1 2020 unscarred by the unfolding Covid-19 crisis, according to eFront’s latest Quarterly Private Equity Performance report.
INVESTMENTS
Nova Pangaea Technologies, which has invented a way to use non-food biomass to make biofuels and other chemicals, has raised another GBP900,000 in the run-up to a planned Series A investment later this year.
The funding comes from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, the UK Government’s Future Fund and existing private investors.
The company also appointed Neil Guilder as CFO, Dr Neil Hindle as CTO and Peter McGenity as CCO in connection with the deal.
Nova Pangea Technologies completed its demonstration plant at Redcar in December 2019
DIVERSITY
A list of 80 City investment management firms have agreed to back an initiative to increase black representation within key functions in portfolio management and finance.
The new initiative, called #100blackinterns, aims to bring together long only and hedge funds, private equity, credit and real estate managers, together with consultants and pension funds within the investment management industry, to give portfolio management function internships to young, university-educated black people.
The firms taking part in the program have committed to offer a paid internship to a black candidate next summer in a frontline investment position, and applications are welcome from black
INVESTMENTS
General Atlantic has entered a strategic partnership with fitness community and apparel brand Gymshark in its first-ever fundraise, valuing the business at over GBP1 billion.
The valuation means that Gymshark joins the list of fewer than 25 British companies to have secured unicorn status since 2001. It is the second British company to have done so without previous support from external investors.
In connection with GA’s investment the founder is increasing his stake in the company to more than 70 per cent. GA will take a 21 per cent stake in the business following the deal, and Melis Kahya Akar,
NEWS
Thomson Reuters has acquired CaseLines, a cloud-based court document and evidence management platform, in order to digitally transform legal processes.
NEWS
PitchBook Data has released its healthcare focused Q2 European M&A Report, showing European M&A totalled an impressive EUR563.6 billion in H1 2020, keeping pace with 2019 figures despite the pandemic.
THE NEW NORMAL
Michael Johnson (pictured) is responsible for continuing to grow and evolve Crestbridge’s overall funds proposition. Here he discusses how Covid has created barriers to private equity fundraising, what challenges GPs are facing going forward beyond Covid and how managers can best position themselves to address these.
Q&A
Lisya Bahar Manoah (pictured) recently joined Catalyst Investments as a partner, based in Tel Aviv in Israel. The firm was founded in 1999 by Edouard Cukierman, Yair Shamir and Boaz Harel.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
COMMENT
UK economic recovery may hinge on investments into SMEs – investors comment
COMMENT
UK economic recovery may hinge on investments into SMEs – investors comment