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Month: August 2020

Vitruvian Partners sells Unifaun to Marlin Equity Partners

Vitruvian Partners has signed an agreement to sell Unifaun, a Swedish cloud delivery orchestration platform, to Marlin Equity Partners.

How the crisis could affect fund T&Cs

GPs might seek to offer more attractive fund terms to incentivise LPs in the current climate, a global financial crisis. But what form might such incentives take, and are GP/LP relations likely to be affected

Private equity execs bullish on 2020 dealmaking, more portfolio company support – survey

Private equity firms remain bullish on their portfolio investments despite the widespread chaos caused by the coronavirus crisis, new research suggests.

Private debt funds set to deliver worst performance since the global financial crisis

Meanwhile, global direct lending is on pace for its slowest year since 2015 in terms of capital raised

Genstar Capital splashes out on 71-year-old car wash systems provider Sonny’s Enterprises

Genstar Capital has bought into conveyorised car wash systems business Sonny's Enterprises.

Opalesque Roundtable: The Bahamas emerges as a pandemic safe jurisdiction for family offices

As ultra high net worth investors rethink travel-heavy business models in the wake of covid, the Bahamas has become a popular base of operations, according to participants in the recent Opalesque Bahamas Roundtable. More investment

AXA’s sale of life insurance unit to Cinven collapses

Private equity deal making globally fell sharply through the first six months of the year

Ares Management raised $9.1bn in Q2 2020 amid Covid-19 volatility

Alternative investment manager Ares Management bagged $9.1bn in new fund commitments in the second quarter of the year despite dealing with the coronavirus fallout.

Ares Management netted $4.4bn in first half of 2020 despite Covid-19

Alternative investment manager Ares Management bagged $4.4bn in commitments despite dealing with the coronavirus fallout. The results from the second quarter of 2020 also saw it raise approximately $1.7bn in commitments across 24 transactions. “Despite

Investcorp records $165m loss as it feels Covid-19 pain

The firm blamed a number of assets operating in “secularly challenged industries”, such as retail, for the negative performance

Goldman aims for 40% women in its mid-ranks as CEO says there is ‘more work to do’ on diversity

It’s a rare move for an investment bank, which typically set diversity targets at the entry level

YFM Equity Partners hires venture capital specialist for newly created role

Victor Christou joins as head of growth, responsible for seeking new investment opportunities in high-growth technology ventures

Blackstone agrees to buy Ancestry in a $4.7bn deal

The firm will have roughly 75% of the provider of digital family history services

Genesis buys majority stake in R2B2

Genesis Capital has acquired a majority stake in Czech Republic-based digital advertising business B2B2.

Public pension private equity commitments more than triple in June compared to May

Opalesque Industry Update - Private Equity investment commitments from public pensions tracked by eVestment more than tripled from May to June this year, ending a three-month drop off in commitments that began in March as

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