Solutions
Currencies Direct, a specialist in digital foreign exchange (FX) and international payment services to high value private clients and SMEs, has completed a GBP165 million dividend recapitalisation.
On-demand fulfilment start-up Cubyn has raised EUR35 million in a funding round led by Eurazeo and Bpifrance Large Venture, with new participation from First Bridge Ventures and Fuse Venture Partners, and follow-on funding from DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNPP Développement.
Cubyn will use its new funding to double its team of 85 to 170+ employees by the end of 2021, and deploy its service internationally, starting with Spain and Portugal launching in April 2021 followed by Italy, UK and Germany. The company will also open a 25,000 sq m automated facility in the Paris area
Oakbridge Fund Services (Jersey) Limited (Oakbridge Funds), a specialist independent fund administrator based in Jersey has launched to service the alternative funds sector.
Expert in the main alternative asset classes with a focus on Private Equity and Venture Capital, Oakbridge Funds will provide administration services to offshore closed and open-ended funds and corporate structures.
The Oakbridge team previously worked together at a pan European multi-jurisdictional fund administration business and have more than 40 years’ experience of working in the fund services sector.
Experienced private equity professionals Robin de Gruchy-Wilson, Alex Smyth and Jonathan Crawford will lead Oakbridge Funds’ operations and
There has been some improvement on gender diversity in private equity and venture capital, but considerable progress is required on ethnicity, a new report has found.
The survey report, produced by the British Venture Capital and Private Equity Association (BVCA) and Level 20, builds on the 2018 ‘Women in Private Equity’ report and highlights data from across the industry including, for the first time, on ethnicity. The report also expands on data published by Diversity VC in 2019 in the ‘Diversity in UK Venture Capital’ report.
The data collected on gender indicates the overall proportion of women in the industry
Regulation has been at the forefront of investors’ minds ever since the global financial crisis in 2008. In the current environment, the need for oversight and monitoring is even more necessary as the industry navigates uncharted waters. However, this requirement for more robust supervision needs to be tempered with flexibility.
Ireland’s amended Investment Limited Partnership (ILP) Act, which came into effect on 1 February, strikes a balance between regulation and broad investment capabilities. Barry O’Connor (pictured), partner in the Asset Management and Investment Funds Group at Matheson, explains: “Within the ILP and in contrast to similar vehicles in other jurisdictions
Private assets have experienced significant growth in the last few years and Ireland is now set up to further benefit from this expansion through the Investment Limited Partnerships (Amendment) Act 2020 (ILP Act) which was enacted into law in December 2020.
“Private equity funds have performed well and are increasingly popular with investors and asset managers alike,” observes Vanora Madigan, executive director, DMS Governance, “These funds are established in Ireland as Qualifying Investor Alternative Investment Funds (QIAIFs) which have few investment restrictions and allow PE managers to raise capital within the EU marketplace with relative ease by availing of the
Managers looking to take advantage of the new structure launched in Ireland, the Investment Limited Partnership (ILP), will be able to maximise cost efficiency and time-to-market. The Irish legislation allows the adoption of an umbrella structure, meaning managers can launch sub-funds swiftly and save on legal and audit fees.
“A General Partner (“GP”) can have sub funds in the LP, which have segregated liability between them. This offers speed to market for those sub-funds since the manager will have the legal structure and the necessary service providers all lined up for the umbrella fund. Therefore, adding a sub-fund will not
Various market forces are driving prospects for alternative managers globally, with Ireland being a key destination. Persistent low interest rates are pushing institutional investors towards alternative assets. This, coupled with the Covid pandemic further curtailing appetite for bank lending, has created opportunities for managers, particularly in the debt/credit spheres.
In Ireland, accelerated growth is expected to come from the private funds sector, following the launch of the enhanced Investment Limited Partnership (ILP) in December 2020.
From its perspective, Alter Domus is poised to make the most of this new development and support its existing and prospective clients with “full-suite” offerings
Mainspring Fund Services and Aspida Group have partnered to provide Guernsey-domiciled private equity and venture capital funds with a comprehensive solution for fund administration, compliance, governance and reporting.
At the same time, the partner firms confirmed their very first launch – a USD550m Private Investor Fund. The Guernsey-domiciled Fund, which has completed its first close, is run with a global mindset, investing in growth-stage technology companies across Europe, Asia and North America. The Fund is structured with a dedicated feeder for employees, advisers and affiliates.
Through the partnership, fund managers will benefit from the focused, specialist services of Aspida for
IronNet Cybersecurity (IronNet), a cybersecurity specialist backed by private equity investor C5 Capital, is to merge with LGL Systems Acquisition Corp, a special purpose acquisition company (SPAC).
The transaction will see IronNet list on the New York Stock Exchange and trade under the ticker symbol IRNT.
IronNet merges industry-leading cybersecurity products with expert service to create a platform designed to deliver the most advanced, real-time cyber defense globally, protecting both private and public sectors. Bringing together some of the best minds in cybersecurity from industry, government and academia, IronNet was created to more effectively defend enterprises, sectors and nations
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
