Software and Hi-Tech
Mobeus promotes Bacon to investment director

Mobeus promotes Bacon to investment director

Mobeus Private Equity has promoted Freddie Bacon to investment director.

Hedge fund commitments from US public pensions total $12.5bn during 2020 with net $1.7bn of flows

Opalesque Industry Update - At the start of the Covid-19 pandemic, hedge funds were touted as a way to navigate the resultant market dislocations and distress. US pensions awarded $9bn to hedge funds in H1

Research: The future of tokenisation in alternative investments

Opalesque Industry Update - BNP Paribas Asset Management (BNPP AM), together with the Chartered Alternative Investment Analyst Association (CAIA) and Liquefy, a Hong-Kong based tokenisation platform, released a new research paper that provides key insights

Teamworthy Ventures ups fundraising stakes by seeking up to $125m for Fund III

Teamworthy Ventures is back in the market with its third flagship fundraise, this time with a goal of up to $125m.

Moonpig delivers IPO investors a gift on day one

Moonpig, the online greetings card company, was trading over 20% above its IPO price on Tuesday, netting a healthy profit for investors and showing another example of IPO resilience amidst recent equity market volatility.

Keppel Capital strikes RMB1.4bn close for debut China logistics fund, could double that by year end

Asian asset manager Keppel Capital has raised an initial RMB1.4bn ($216m) for its debut China logistics property fund, with an option to upsize by a simialr amount by the end of the year.

Experienced growth investor PSG picks up €1.25bn to close debut European investment fund

Growth investment major PSG has struck a €1.25bn final close for its first fund dedicated to the European market.

Brexit: City lobbyists call for swift progress on financial services talks

Data sharing, equivalence and clarity on business travel must be top priorities in talks for the sector, TheCityUK said

CVC takes aim at world’s fourth largest sport with Volleyball World investment

CVC Capital Partners has teamed up with the International Volleyball Federation (FIVB) to launch a new partnership aimed at further monetising what is already the fourth-most popular sport in the world.

CVC scores deal in global volleyball

The firm is teaming up with the International Volleyball Federation (FIVB) to launch Volleyball World, a new commercial entity, in a $300m deal

German private equity veteran RWB rebrands to Munich Private Equity amid strategy change

German private equity house RWB Group has rebranded to Munich Private Equity amid a change of strategy to help more of its investors access buyout funds.

Software and Hi-Tech
Q&A: Rutland's Birt and Hamilton-Allen

Q&A: Rutland's Birt and Hamilton-Allen

Matt Hamilton-Allen and Jason Birt, investment directors at special situations fund Rutland Partners, discuss how the pandemic has reshaped opportunities in their market and shine a light on the role investors can play

GCL New Energy defaults on dollar bonds

GCL New Energy Holdings, a Chinese solar power company, has failed to repay a $500m bond that was due on January 30.

SAIC-GMAC fast-tracks 2021 auto ABS issuance

SAIC-GMAC Automotive Finance Co has wasted no time in making its second appearance in China’s onshore auto loan ABS market this year, selling a Rmb10bn ($1.55bn) Rongteng 2021-2 transaction on Monday.

Veolia to hold on to Suez stake

The announcement comes weeks after Ardian and GIP approached Suez with a takeover offer as an alternative to a bid from Veolia

Former Providence Equity growth arm raises €1.2bn for first European fund

The firm exceeded its target, despite fundraising during the coronavirus pandemic

Hyundai drives off with green bond

Hyundai Capital Services used the green label on its dollar bond to its benefit when hitting the market on a relatively volatile day, managing to find about $4.75bn of demand for a $600m transaction.

What does private equity expect from Biden’s first 100 Days?

Investor sentiment in the US has been broadly positive in the early days of 2021, which should continue as the new administration grapples with the pandemic and its economic fallout

Covid-19 debt exposes weakness of EU capital markets after Brexit

There is a lack of capacity in the EU to absorb the level of transactions that are needed

Jinxin Fertility nets HK$1.3bn from share sale

Mainland-based Jinxin Fertility Group raised HK$1.27bn ($163.5m) in fresh equity on Monday after issuing a chunk of new shares.

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