Solutions
Ultimus Fund Solutions (Ultimus), an independent technology driven provider of full-service fund administration, accounting, and investor solutions, has appointed industry veteran Frank Anduiza as Executive Vice President, Head of Private Fund Sales, for Ultimus LeverPoint, the firm’s private fund administration services group.
Read the full story at Hedgeweek…
New Zealand based legal tech startup for in-house legal teams, LawVu, has raised USD1.8 million USD in venture funding co-led from Silicon Valley based, Shasta Ventures and AirTree Ventures in Australia.
The raise was also supported by New Zealand based NZ Growth Capital Partners (NZGCP) and existing investors.
LawVu will use the investment to continue its growth into the US and Australian markets, a global industry worth USD500 billion USD, with the US market being USD160 billion USD alone. The complexity and volume of work in-house legal teams are doing is skyrocketing and LawVu is solving that problem by offering
Law firm Paul Hastings has advised Baring Asset Management Limited, a global investment management firm, in connection with the senior financing supporting the acquisition of Trace One by Symphony Technology Group (STG) from private equity firm, Hg.
Headquartered in Paris, Trace One specialises in developing integrated software solutions for the creation and management of consumer-packaged-goods products.
A multi-disciplinary and cross-border Paul Hastings team was led by London based finance partner Richard Kitchen, together with finance partners Olivier Vermeulen and Tereza Courmont Vlkova assisting from Paris. Other members of the team included tax partner Allard de Waal (Paris) and senior finance
Leeds Equity Partners (Leeds Equity), a New York-based private equity firm, is investing in OptionMetrics, an options and futures database and analytics provider for institutional investors and academic researchers worldwide.
OptionMetrics represents the first investment platform for Leeds Equity Partners VII. Terms of the transaction have not been disclosed.
Leeds Equity actively partners with exceptional management teams to drive innovation and growth in leading companies across the Knowledge Industries, and its investment in OptionMetrics will enable the Company to expand its data and analytics solutions, build upon client services and delivery tools, and meet the emerging needs of its customer
McKay Brothers International (MBI), a specialist in lowest latency wireless telecommunications networks, is now offering private bandwidth between Aurora, Illinois and major exchanges in Asia.
Wherever possible, the company leverages its wireless expertise in combination with fibre for ultra-low latency circuits. McKay end points in Asia include major trading centres in Tokyo, Hong Kong, Singapore, and Shanghai.
Tad Beckelman, McKay’s Director of Asia, says: “McKay launched its first network in Asia in 2016, and we have consistently broadened our reach as client demand has grown. All clients can purchase McKay’s ultra low latency networks between the US and
Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. To date, Paxos has raised more than USD500 million in funding and with a valuation of USD2.4 billion, Paxos is one of the fastest growing fintech startups in the world.
Charles Cascarilla, CEO and Co-Founder of Paxos, comments: “Demand for our enterprise solutions has accelerated much faster than we could have anticipated. It validates our
PE firms made GBP10.1 billion of corporate carve-out acquisitions in the UK last year, up from just GBP765 million in 2019 as the Covid-19 pandemic drove more corporates to sell non-core business units, says Mayer Brown, the global law firm.
Mayer Brown says that the economic disruption of the past year has forced many large businesses to focus on their core operations to a much greater extent, leaving them much more open to sales of less strategically-important business units.
Private equity funds with significant capital to deploy have been a major beneficiary of corporates’ increased interest in divestments and have
In the latest addition to PEWire’s ‘New Normal’ Q&A series Dave Tayeh (pictured), head of private equity, North America, at Investcorp shares his views on the current deal environment, the role of the private equity industry in the recovery as well as its timeline, how the low interest rates are affecting company valuations at the moment, and how the large amounts of dry powder might be deployed in years to come. Â Â
Planning ahead must form a building block of certainty for private equity firms looking to bolster their cybersecurity infrastructure. An attack or a potential breach is bound to take place, given the current market conditions and being well-prepared is the bedrock of their defence and response to such an event.
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