Pension Funds
AMB :- U.S. Public pensions rebound in Q2 with $308bn asset gain

AMB :- U.S. Public pensions rebound in Q2 with $308bn asset gain

Laxman Pai, Opalesque Asia: U.S. public pension funding during Q2 2020 rebounded gaining $308 billion in the market value of assets and reversing Q1 losses, said a study. Milliman&`s Public Pension Funding Index (PP...Article Link

Software and Hi-Tech
GCP sells UK-based consultancy Chaucer to Apax-backed BIP for €60m

GCP sells UK-based consultancy Chaucer to Apax-backed BIP for €60m

GCP said the exit provided a 'strong return for GCP Fund III'

Event
Hedge fund performance picks in 2Q, with Event Driven-Activist funds dominating

Hedge fund performance picks in 2Q, with Event Driven-Activist funds dominating

Opalesque Industry Update - Hedge funds gained an average of +2.07% in June, but year-to-date (YTD) average industry returns are still in the red at -3.37%. The second quarter was stronger for the industry, with

Manufacturing and Industrial
Wise buys tires specialist Vittoria

Wise buys tires specialist Vittoria

Private equity firm Wise Equity has wholly acquired Vittoria, an Italian manufacturer of high-end bicycle tires.

Appointments
HIG hires Meysson as head of European direct lending

HIG hires Meysson as head of European direct lending

HIG Capital has hired Pascal Meysson as a managing director and head of its European direct lending affiliate HIG WhiteHorse Europe.

Software and Hi-Tech
Mirabaud buys luxury shoe brand Clergerie – report

Mirabaud buys luxury shoe brand Clergerie – report

Mirabaud has bought a majority stake in luxury shoe brand Clergerie from its Hong Kong-headquartered parent company First Heritage Brands, according to a report from Le Figaro.

Event
Kester-backed Frontier sells business to HIG-backed Vernacare

Kester-backed Frontier sells business to HIG-backed Vernacare

Kester Capital portfolio company Frontier Medial Group has sold its infection prevention business to HIG Capital-backed Vernacare.

Software and Hi-Tech
Apax in exclusive negotiations to buy Snef Telecom – report

Apax in exclusive negotiations to buy Snef Telecom – report

Apax Partners is in exclusive negotiations to acquire France-based Snef Telecom in a carve-out from its parent company, electrical engineering and construction company Groupe Snef, according to a report from Capital Finance.

Business Services
Spain’s Moira Capital buys into bulky goods transport, logistics business GOI

Spain’s Moira Capital buys into bulky goods transport, logistics business GOI

Spanish private equity house Moira Capital Partners has bought a roughly 50% stake in logistics operator GOI.

Limited Partners
Capgemini to help Nordic Capital implement AI for portfolio companies

Capgemini to help Nordic Capital implement AI for portfolio companies

Nordic Capital has mandated Capgemini to accelerate the use of artificial intelligence and machine learning as value drivers within its portfolio companies.

Appointments
HIG Capital appoints head of direct lending in Europe

HIG Capital appoints head of direct lending in Europe

With over 24 years of investing experience, Pascal Meysson joins from London-based asset manager Alcentra

Software and Hi-Tech
Blackstone Life Sciences V closes on $4.6bn

Blackstone Life Sciences V closes on $4.6bn

Blackstone has held a final close for Blackstone Life Sciences V on its $4.6bn hard-cap.

Angel / Venture
Energize Ventures backs $10m Beekeeper series-B extension

Energize Ventures backs $10m Beekeeper series-B extension

Energize Ventures has led a $10m series-B extension for Switzerland-based Beekeeper, a software company that develops communications systems for remote employees.

Fintech and Finance
YFM backs £17m GHG buyout

YFM backs £17m GHG buyout

YFM Equity Partners has supported the management buyout of loss adjusting and claims management specialist GHG.

Apollo
Apollo could collect up to $3.5bn for sophomore infra fund – well above $1bn debut vehicle

Apollo could collect up to $3.5bn for sophomore infra fund – well above $1bn debut vehicle

Apollo Global Management could raise as much as $3.5bn for its sophomore infrastructure fund, above the previously reported target for the vehicle.

Portfolio Company News
GCP sells Chaucer to Apax-backed Bip

GCP sells Chaucer to Apax-backed Bip

Growth Capital Partners (GCP) has sold consultancy firm Chaucer to Italian management consulting and business integration specialist Business Integration Partners (Bip), a portfolio company of Apax France.

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