Solutions
Private equity and infrastructure focused investment manager 3i has selected software solutions provider AutoRek to enhance controls and automation of asset records.
AutoRek will be deployed to enhance existing technology installed at 3i, including external and in-house systems. AutoRek will enable 3i to prepare a second record distinct from its existing system, and perform internal, external and physical asset reconciliations. Demonstrable governance and controls, as well as support for the client money assets return (CMAR) will ensure ongoing adherence to CASS regulatory requirements for the protection of Client Assets.
Kartik Shah, Director of Regulatory Reporting at 3i Group plc,
OTCX, an over-the-counter derivatives platform, has secured backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a GBP100 million investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50 per cent of OTC derivatives are traded via chat, email or voice technology, OTCX provides new solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the
By George Ralph, RFA – Why is Blockchain the latest buzz word? What is it, and do you need it in your alternative investment firm?
Essentially blockchain technology is a distributed ledger tech for real-world applications. It is a peer to peer entity which is not maintained by any one organisation, but is open to all blockchain members. A blockchain ledger is replicated across all users of that blockchain and when a transaction is updated in one ledger, all other ledgers are simultaneously updated in chronological order. Everyone in the blockchain can see and verify the chain of events. The ledger is
Private equity firm Amalgamated Australian Investment Group (AAIG) is planning to attract tech-savvy investors with a series of products and services that will streamline the investment decision-making process.
AAIG, which acquired the Australian Stock Report (ASR) in 2014, has been expanding its core offering which now includes stock market research (trading signal service), wealth management through ASR Wealth Advisers and full-service stockbroking through Ascot Securities.
“We believe in providing investors with a one-stop shop which will optimise their investment efforts,” says Matthew Roberts, Managing Director of AAIG. “Over the past few years, we have been building our capabilities and
Westpac Banking Corporation and Northill Capital have entered into an agreement regarding the sale of Hastings.
Northill is an independent, privately held asset management business, established in London in 2010. Northill is a long-term investor in high quality, specialist asset management businesses, with extensive global operating experience. As at 30 September 2017, assets under management by businesses in which Northill owns a majority interest total approximately USD48 billion. Northill is focused on investing in a long-term partnership, supporting the continued development of Hastings as an independent asset management business and providing significant co-investment capital to enhance alignment with investors.
A new online platform allowing advisers and investors to evaluate business opportunities, connect discreetly with business owners and source mandates they would otherwise struggle to reach, has launched.
Pomanda PRO links investors and professional advisers with business owners who are looking for investment, providing the tools to produce accurate company valuations in a confidential environment.
Richard Bland, CEO, Pomanda, says: “The concept for Pomanda PRO evolved from the genuine need amongst investors and professional advisers to find a more progressive, transparent path to serious business owners who are at the right stage in their company’s evolution. Reaching businesses who are
UK accounting firm MHA MacIntyre Hudson has selected Exact for its cloud accounting software and combined customer relationship management (CRM) solutions.
This collaboration will allow MHA MacIntyre Hudson to provide a more personalised service to its clients, including offshore investment funds. Exact’s software provides an integrated accounting solution for companies of all sizes and sits alongside MHA MacIntyre Hudson’s current cloud based software offerings.
Rakesh Shaunak (pictured), managing partner, MHA MacIntyre Hudson, says: “We are always looking to maximise new technology in order to increase productivity, improve our client service and create new opportunities. The Exact software will enable
GCA Altium has acted as financial and nominated adviser on the IPO of Footasylum plc, a UK-based fashion retailer focusing on the branded footwear and apparel markets.
The IPO valued the business at GBP171.3 million raising GBP65.4 million for Footasylum and existing shareholders, with the first day of dealings taking place on 2 November 2017. The IPO will provide the business with the funding and platform to continue its expansion and investment in its new store openings and online retail activities.
Footasylum was founded in 2005 by David Makin, an established retail operator who was one of the two
By George Ralph, RFA – Risk is part of everyday life for firms in the private equity sector and goes way beyond volatile markets and unpredictable cash flows. Firms must deal with the risks associated with the use of technology, in both the private equity firm and its portfolio companies.
If the infrastructure or systems fail to meet expectations, if they cost more to operate, are unreliable and do not work well, they bring uncertainties and pose significant technology risk. There is also risk associated with the use of third party suppliers, as many firms routinely engage third parties to
Skybox Security, a specialist in cybersecurity management, has secured a USD150 million growth equity investment led by CVC Capital Partners’ Growth Fund (CVC Growth) (USD100 million), with participation from Pantheon (USD50 million).
Based in Silicon Valley, Skybox has a compound annual growth rate (CAGR) of 46 per cent and positive cash flow (2014 – 2016). This round of funding will enable an accelerated investment in sales and marketing, customer care and R&D. It will also be used for potential M&A activity, to capitalise on the approximately USD10 billion market opportunity in cybersecurity management.
Skybox builds best–in–class cybersecurity management software
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12 November, 2026 – 8:00 am
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