Europe
Private equity ramps up divestment efforts

Private equity ramps up divestment efforts

Following another period of lacklustre exit activity in Q3, even as deployment was picking up, October saw a notable spike in divestments by PE players across Europe.

Event
Northern Trust hedge fund services launches new portal

Northern Trust hedge fund services launches new portal

Opalesque Industry Update - Northern Trust today announced the launch of its next-generation investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customized views and analysis. Increasingly, investors seek

Performance
Hedge funds continued to outperfrom the global equity market under market risk-off environment

Hedge funds continued to outperfrom the global equity market under market risk-off environment

Opalesque Industry Update - The Eurekahedge Hedge Fund Index was down 0.16% in October 2020, outperforming the global equity market as represented by the MSCI ACWI (Local), which lost 2.29% over the same period. Global

Buyout
Omnes seals debut Irish renewables deal as firm continues Capenergie 4 raise beyond €500m goal

Omnes seals debut Irish renewables deal as firm continues Capenergie 4 raise beyond €500m goal

Paris-based private equity and infrastructure investor Omnes has made its first Irish renewables deal by backing solar PV developer Power Capital Renewable Energy.

AlpInvest Partners
AlpInvest, APG private equity co-founder Iain Leigh joins The Riverside Company advisory board

AlpInvest, APG private equity co-founder Iain Leigh joins The Riverside Company advisory board

Lower mid-market private equity specialist The Riverside Company has brought in former AlpInvest North America head Iain Leigh in the wake of his retirement from APG Asset Management.

Software and Hi-Tech
LDC sells Babble to Graphite for £90m

LDC sells Babble to Graphite for £90m

LDC has sold communications technology firm Babble to Graphite Capital for an enterprise value of £90m.

Angel / Venture
CIVC Partners celebrates 50th year of existence with hard cap-beating $525m Fund VI close

CIVC Partners celebrates 50th year of existence with hard cap-beating $525m Fund VI close

Mid-market Chicago buyout house CIVC Partners has celebrated its 50th year in of investing by sealing a hard cap-beating $525m final close for its sixth flagship fundraise.

Buyout
Värde Partners races to $1.6bn Covid dislocation fund close in just five months of virtual fundraising

Värde Partners races to $1.6bn Covid dislocation fund close in just five months of virtual fundraising

Credit and distressed investment specialist Värde Partners has hauled in a target-busting $1.6bn for a new Covid-19 dislocation fund, just a year after raising its biggest-ever flagship buyout fund.

Buyout
Silver Lake spinout Sumeru Equity Partners seals big fund size jump with $720m Fund III close

Silver Lake spinout Sumeru Equity Partners seals big fund size jump with $720m Fund III close

Silver Lake spinout Sumeru Equity Partners has soared past its Fund III goal to haul in $720m for a final close of the investment vehicle.

IPO
Schroders Trust seeks £250m in IPO to capitalise on UK pandemic recovery

Schroders Trust seeks £250m in IPO to capitalise on UK pandemic recovery

The company said it anticipates an increased need by UK companies for fresh equity, and that a proactive public and private equity investment strategy can generate positive returns

Fintech and Finance
City firms reverse plans to return to work after latest lockdown

City firms reverse plans to return to work after latest lockdown

Banks in the City say that only critical staff are required to come into the office

Politics
Active managers need to do better or they don’t have a future, warns Martin Gilbert

Active managers need to do better or they don’t have a future, warns Martin Gilbert

Despite charging more for their expertise, studies have shown that active funds have failed to beat index-trackers

Portfolio Company News
CFO pay at portfolio companies squeezed

CFO pay at portfolio companies squeezed

Finance directors working for a mid-market private equity-backed business now earn an average salary of £166,368, down from £173,381 in 2019

Angel / Venture
Coherent scores $14m in its Series A round

Coherent scores $14m in its Series A round

Coherent, which helps insurers build digital-first services, has scored $14m in its Series A funding round.

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