Mercer clinches $3.9bn private investment fund... [more]Laxman Pai, Opalesque Asia: Consultant and asset manager Mercer has wrapped up fundraising for its seventh fund with nearly $4 billion in commitments.
The New York-based firm raised $3.9 billion for Mercer Private Investment Partners VII, which it plans to invest across private equity, private
Neuberger Berman leads Lightyear Capital's latest continuation vehicle... [more]Bailey McCann, Opalesque New York: Lightyear Capital, a New York-based private equity firm, has closed a single-asset continuation fund transaction in connection with the sale of its portfolio company, ampliFI Loyalty Solutions. ampliFI will continue to be managed by Lightyear via the Continuatio
US fund managers with ESG mandates have worst-ever outflows... [more]From Bloomberg: US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.
Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to
Investing: Distressed investors finding opportunities despite bull market, strong economy... [more]From Investment News: Even in a raging bull market propelled by a strong economy, some companies get left behind. Some deservedly so. Others perhaps not.
Therein lies the opportunity for distressed investors like George Schultze, founder of Schultze Asset Management, to squeeze out a profit.
PE/VC: Permira chief sees private equity shakeout with rates high, How's the PE winter looking?... [more]Permira chief sees private equity shakeout with rates high
From Bloomberg: The private equity industry is facing a reckoning - with borrowing costs high, valuations for portfolio companies falling, and investors getting more demanding. But as far as Permira's top boss is concerned, thin
Activists: Engine Capital targets Dye & Durham's 'underperformance and strategic missteps'... [more]From The Globe and Mail: Hedge fund Engine Capital LP has stepped up its activist shareholder campaign against Dye & Durham Ltd. DND-T, laying out its case for the first time publicly Thursday after saying its behind-the-scenes efforts to "work constructively with the board fizzled out."
Engin
And, finally: Milan to ban ice cream after midnight... [more]Milan is proposing a new law to ban ice cream after midnight in an effort to protect the "tranquillity" of residents.
For many, a late-night gelato is a part of Italian culture, but this is in danger under a new law being introduced in the city.
A legislative starting paper has been file
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
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