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Category: Software and Hi-Tech

Hedge funds gains 2.76% in July

Opalesque Industry Update - The hedge fund industry turned in a fourth consecutive positive month in July as stock markets' continued strong performance contributed to a 2.76% return, according to the Barclay Hedge Fund Index,

AMB :- Momentum in Europe helping the venture capital market to remain strong

Laxman Pai, Opalesque Asia: While Europe showed resilience in Q2 2020, there is growing concern that the venture capital (VC) market in Europe could see large impacts in Q3'20 given the widespread effect of COVID-19

General Atlantic invests into Gymshark helping it become the UK’s latest unicorn

Global growth equity firm General Atlantic has invested into fitness and apparel brand Gymshark, valuing the business at £1bn.

Blackstone racks up $10bn for core property strategy

The firm uses the fund to accumulate assets that stand to benefit from the coronavirus pandemic

Mobeus nets 23.4% IRR in UK tech company sale

The British lower mid-market firm has exited Access-IS, which creates hardware to read tickets, take contactless fare payments, and image and authenticate travel and identity documents

Livingbridge, Goldman Sachs launch Black internship programme

The #100blackinterns initiative will see Black students carry out internships at 80 City firms in summer 2021

Ceecat Capital on road for Fund II

Ceecat Capital is on the road for Ceecat Fund II, its first vehicle to be raised since the firm span out from ADM Capital in 2018.

GTCR promotes Jeschke to managing director after nine years at firm

Chicago private equity house GTCR has promoted Stephen Jeschke to managing director after nine years at the firm.

Guidepost injects $20m into Elements Global Services

US growth capital firm Guidepost Growth Equity has made a $20m minority investment in Elements Global Services, a Spanish administrative service.

Gilde’s Raak Metals buys Stolwerk Metaal

Netherlands-based metals recycling company Raak Metals, a portfolio company of Gilde Equity Management, has acquired market peer Stolwerk Metaal.

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