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HELPCENTER
11 Aug. 2020 Industry Ventures closes $180m sophomore co-investment fund [more]
Laxman Pai, Opalesque Asia: San Francisco, CA-based venture capital firm Industry Ventures closed Industry Ventures Direct II, at $180m. "The Fund will continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund
11 Aug. 2020 Layoffs come for the asset management industry as economy stumbles [more]
Bailey McCann, Opalesque New York: The asset management industry is bracing for job and pay cuts according to the latest report from Johnson Associates. Lower fee products, a greater risk for defaults and a tumultuous market environment will make it difficult for asset managers to maintain curren
11 Aug. 2020 Gramercy applauds Argentina's debt restructuring plans [more]
B. G., Opalesque Geneva: In early July, Martin Guzman, Argentina's economy minister, revised a bond restructuring proposal he made in April by offering to increase bondholder recoveries and won support from some of its creditors, including Gramercy Funds Management. Then on 4th August, t
10 Aug. 2020 US Dollar and precious metals drive strong CTA performance in July [more]
Opalesque Industry Update - Societe Generale Prime Services and Clearing has announced the July 2020 performance data for its SG CTA indices. CTAs had a strong month of performance in July with all three SG CT
10 Aug. 2020 Hedge funds surge in July [more]
Opalesque Industry Update - Hedge funds surged in July to begin 2H20, with the HFRI Fund Weighted Composite Index (FWC) posting the 2nd highest monthly gain since January 2019 and the 3rd strongest gain since 2010. The HFRI FWC climbed +3.2 percent for the month, topping the gain of the DJIA, as
10 Aug. 2020 JPMorgan and Goldman Sachs took top spots as M&A advisers in H1 2020 [more]
Laxman Pai, Opalesque Asia: US banks JPMorgan and Goldman Sachs were the leading financial advisers on acquisition deals in the first half of 2020, according to the latest survey from GlobalData. "Financial advisers JP Morgan and Goldman Sachs were noted to be the top mergers and acquisitions
10 Aug. 2020 Monsoon Capital and principal barred from NFA membership [more]
B. G., Opalesque Geneva: NFA, the self-regulatory organisation for the U.S. derivatives industry, has barred Gautam Prakash from reapplying for membership or principal status with any NFA member for seven years. Prakash was a principal of for
07 Aug. 2020 North American private equity real estate market sees a sharp fall, says Preqin [more]
Laxman Pai, Opalesque Asia: North America-focused commercial private equity real estate (PERE) funds raised just $23bn through 47 closures in H1 2020, a sharp fall from 152 funds that secured $83bn in 2019 as a whole. "The COVID-19 pandemic has hit the North American commercial real estate mar
06 Aug. 2020 Public pension private equity commitments more than triple in June compared to May [more]
Opalesque Industry Update - Private Equity investment commitments from public pensions tracked by eVestment more than tripled from May to June this year, ending a three-month drop off in commitments that began in March as the worldwide impact of the COVID-19 pandemic intensified. According to the ju
06 Aug. 2020 CalPERS CIO Resigns [more]
Opalesque Industry Update - CalPERS announced that Chief Investment Officer Yu (Ben) Meng is resigning, effective August 5. Dan Bienvenue, deputy chief investment officer, will serve as interim chief investment officer. CalPERS will start an immediate search for a permanent successor. Meng h
06 Aug. 2020 Private real estate fundraising plummets 28% with 58 funds closed in Q2 2020 [more]
Laxman Pai, Opalesque Asia: The number of private real estate funds reaching a final close has plummeted so far this year. Just 58 private real estate funds reached a final close in Q2 2020, down 28% from 81 funds closed in Q1 2020 and 47% from Q2 2019 (110), said a report by Preqin. That said
06 Aug. 2020 70 institutional investors with $16tn assets develop framework for net-zero investing [more]
Laxman Pai, Opalesque Asia: Some 70 investors with $16 trillion in assets have developed recommendations for investing sustainably in major asset classes that seek to limit the rise in global temperatures to less than 1.5 degrees Celsius. "The first-ever practical blueprint for "net-zero
05 Aug. 2020 Proskauer releases SPAC IPO study analyzing deal terms and trends for red-hot market [more]
Opalesque Industry Update - Proskauer, an international law firm, released its 2020 SPAC IPO Study. The study examines data from 95 Special Purpose Acquisition Company (SPAC) IPOs priced from January 2016 through June 2020, representing over half of the SPACs listed on U.S. exchanges. Utilizing this
05 Aug. 2020 Private debt fundraising picks up in Q2 2020 with $34bn raised from 49 private debt funds [more]
Laxman Pai, Opalesque Asia: The private debt industry has seen some improvements in the second quarter of 2020 after a slow start of the year, said Preqin. According to the report, a total of $34bn was raised in Q2 from 49 private debt funds closed, which compares with 36 funds that secured $2
05 Aug. 2020 Institutional investors ramp up efforts to assess performance of companies using ESG factors [more]
Laxman Pai, Opalesque Asia: Institutional investors are ramping up their efforts when it comes to assessing the performance of companies using environmental, social and governance (ESG) factors, according to an EY study. The vast majority of investors (98%) evaluate nonfinancial performance b
05 Aug. 2020 Institutional investors saw very healthy median returns in Q2 2020 [more]
Laxman Pai, Opalesque Asia: Institutional assets posted an all-plan median return of 11.07 percent for the second quarter and 3.36 percent for the year ending June 30, 2020, said a study by Wilshire Trust Universe Comparison Service (Wilshire TUCS). Wilshire previously reported median returns
04 Aug. 2020 Prime Capital launches Liquid Alternatives Credit fund of funds [more]
Opalesque Industry Update - Prime Capital AG, the independent asset manager and financial services provider that manages €17.2bn across multiple funds, is launching the Liquid Alternative Credit Fund, a new fund of funds, beginning of August. This fund of funds will be pooling alternative credit
04 Aug. 2020 Ocean Avenue Capital Partners wraps up the fourth fund at $350m [more]
Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP, which manages approximately $1.3 billion of capital, expects that represe
04 Aug. 2020 GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public [more]
Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in
03 Aug. 2020 Vitruvian Partners races to $4.7bn hard cap close for the new fund [more]
Laxman Pai, Opalesque Asia: UK private equity firm Vitruvian Partners has closed its fourth buyout fund at its hard cap of €4bn ($4.7bn), less than three months after its formal launch. According to the London-headquartered international growth equity firm, the vehicle, VIP IV, is 40% larger
03 Aug. 2020 Global net inflows into sustainable strategies increased 72% to $71.1bn in Q2 2020 [more]
Laxman Pai, Opalesque Asia: Supported by the stock market recovery and growing investor interest in environmental, social, and governance (ESG) issues, sustainable strategy net inflows up 72% in Q2. Net inflows into sustainable strategies increased 72% in the quarter ended June 30 to USD 71.1 bil
03 Aug. 2020 IRS targets carried interest in new guidance [more]
Bailey McCann, Opalesque New York: The Internal Revenue Service has released new guidelines that will restrict the use of carried interest in tax calculations after an error in the 2017 tax cut bill. S corporations and passive foreign investment companies will no longer be allowed to use exe
31 Jul. 2020 Kayne Anderson Capital Advisors launches renewable infrastructure fund [more]
Opalesque Industry Update - Kayne Anderson Capital Advisors, L.P., a leading alternative asset management firm with over $30 billion under management, has launched the Kayne Anderson Renewable Infrastructure Fund (KARIX). The Fund's investment strategy is distinct in the marketplace as it focuse
31 Jul. 2020 Scotiabank Canadian Hedge Fund Index ends June up 2.9% (2% YTD) on asset weighted basis [more]
Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended June 2020 up 2.9 2 % MOM on an asset weighted basis and up 3.08% MOM on an equal weighted basis. The aim of the Scotiabank Canadian H
31 Jul. 2020 Good news for hedge fund flows in Q2 2020 [more]
Opalesque Industry Update - Investors redeemed an estimated $16.9 billion from hedge funds in June. The outflow puts Q2 redemptions at $42.4 billion, and YTD redemptions at $55.4 billion. Performance lifted total industry AUM to $3.06 trillion. June marked the resumption of redemption pressure fo
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