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HELPCENTER
04 Mar. 2020 Bregal Investments closes latest growth equity fund at $1.5bn [more]
Laxman Pai, Opalesque Asia: New York-based growth-focused private equity firm Bregal Sagemount has closed its Bregal Sagemount Fund III, at a hard cap of $1.5 billion, exceeding its $1.35 billion target. The prior fund, Bregal Sagemount Fund II, closed at $960 million in February 2017. Fund
04 Mar. 2020 Institutional investors to increase allocation to private markets [more]
Laxman Pai, Opalesque Asia: Institutional investors across the world are shifting their interest from listed assets to private markets, said a new survey by BlackRock Inc. For fresh allocations, private markets remain the favorite by a wide margin. Indeed, more than half (55%) of investors sai
04 Mar. 2020 CTAs hit by equity slump but still up in February [more]
Laxman Pai, Opalesque Asia: CTAs, Special Situations, and L/S Equity Directional strategies suffered the most this week from their long exposures to equities, said Lyxor in its weekly brief. Merger Arbitrage strategies benefited from their lower correlation with equity markets and outperforme
04 Mar. 2020 ESG factors link to credit risk, says study [more]
Laxman Pai, Opalesque Asia: Environmental, social and governance (ESG) factors have a more significant effect on sovereign credit spreads in developed markets than emerging ones, says a study. A research by Federated Hermes said there is a significant correlation and a "meaningful" relationshi
03 Mar. 2020 BV Investment Partners pulls in $1.1bn for buyout fund [more]
Laxman Pai, Opalesque Asia: Boston-based middle-market private equity firm BV Investment Partners has closed its tenth fund on its $1.1 billion hard cap in a first and final close. BV Investment Partners Fund X's target was $1 billion. Fund X is 47% larger than its predecessor fund, the $
03 Mar. 2020 US tops cross-border M&A activity in 2019 [more]
Laxman Pai, Opalesque Asia: With more than 1,500 outbound and than 1,300 inbound mergers and acquisitions (M&A) deals, the US occupied the top position in terms of outbound and inbound M&A deal volume and value in 2019. However, it lagged behind some of the top ten countries, in terms of volum
02 Mar. 2020 Global economy faces gravest threat since the crisis as coronavirus spreads [more]
Opalesque Industry Update - The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD's latest Interim Economic Outlook. Covid-19 is spreading from China to othe
02 Mar. 2020 As India, Middle East hedge funds advance, HFRI China, Japan Indices fall to begin the year [more]
Laxman Pai, Opalesque Asia: Hedge funds investing in Emerging Markets and developed Asian regions began 2020 with a surge in realized asset volatility driven by the spreading coronavirus, a report from HFR said. According to HFR, coronavirus has contributed to steep losses across regional equi
02 Mar. 2020 The private equity industry stands at $1.5tn dry powder in 2019 [more]
Laxman Pai, Opalesque Asia: According to BDO's 2020 U.S. Private Capital Outlook report, the private equity industry stands at the beginning of a new decade with more dry powder on hand than ever - $1.5 trillion - thanks to record fundraising in 2019. In 2002, the secondary market was about $2
02 Mar. 2020 Artificial intelligence: Venture capital activity records a fluctuating trend in 2019 [more]
Laxman Pai, Opalesque Asia: Venture capital (VC) funding and mergers & acquisitions (M&A) activity in the artificial intelligence (AI) space showcased a fluctuating trend across all the quarters in 2019. According to GlobalData, VC funding and M&A deal activity in the AI space remained inconsi
29 Feb. 2020 Ardian acquires real estate portfolio from Banca Monte dei Paschi di Siena [more]
Opalesque Industry Update - Ardian, a world leading private investment house, has signed an agreement with Banca Monte dei Paschi di Siena for the acquisition of a portfolio composed of 28 properties, owned by the MPS Group. The agreement concludes a competitive process started in July 2019. This fo
28 Feb. 2020 Hedge funds start off 2020 with $10.38bn in new money [more]
Opalesque Industry Update - Following a challenging 2019 in which investors pulled approximately $100 billion from the global hedge fund industry, 2020 is starting off on a positive note, with investors adding $10.38 billion to the hedge fund business, according to the just-released eVestment Januar
28 Feb. 2020 iM Global Partner appoints Philippe Uzan as Chief Investment Officer [more]
Opalesque Industry Update - iM Global Partner announces the appointment of Philippe Uzan as Deputy CEO and CIO Asset Management. He will be in charge of managing the iM Global Partner fund platform and in particular the OYSTER fund range. Following the announcement of the acquisition of SYZ Asse
28 Feb. 2020 Global institutional assets under management reach $26.9tn in Q4 2019 [more]
Laxman Pai, Opalesque Asia: Traditional asset managers reported institutional assets under management of $26.9 trillion through Q4 2019 to eVestment. According to the report by eVestment, net institutional flows totaled -$59.4 billion in the most recent quarter and -$210.7 billion over the fu
28 Feb. 2020 Asia, Europe see a massive high of fintech investment in 2019 [more]
Laxman Pai, Opalesque Asia: While Europe saw a banner year of fintech funding in 2019, Asia saw relatively strong funding compared to historical norms, revealed a study. Europe set a new record for fintech funding - attracting $58.1 billion in investment compared to $43.4 billion in 2018, acco
28 Feb. 2020 Female representation in venture capital fundraising space up [more]
Laxman Pai, Opalesque Asia: Demand and awareness for female representation in venture capital is increasing each year, revealed Preqin. In 2019, women-owned firms in the US closed 41 funds for just under $3bn in aggregate, which compares with a total of $49bn raised across all venture capital
28 Feb. 2020 Investcorp Absolute Return Investments and HC Technologies launch HC Capital Advisors [more]
Bailey McCann, Opalesque New York for New Managers: Investcorp and HC Technologies are partnering to launch a new quant firm - HC Capital Advisors. HC Technologies is a quantitative and algorithmic trading firm. HC
27 Feb. 2020 Roundtable Capital and Barometer Capital to merge [more]
Opalesque Industry Update - Canadian asset managers Roundtable Capital Partners Inc. and Barometer Capital Management Inc. are to merge. The combined entity will operate as
27 Feb. 2020 Women still account for less than 20% of alternative assets employees [more]
Opalesque Industry Update - Representation has improved over the last two years, but a strong imbalance remains, according to Preqin, a provider of data, analytics and insights to the alternative assets community: Preqin's landmark 2020 Women in Alternatives study finds that more women are
27 Feb. 2020 Blackstone global private equity head Joe Baratta to join board [more]
Opalesque Industry Update - Joe Baratta, Blackstone's global head of private equity, will join its board of directors. Baratta, who has been with Blackstone for 22 years, has overseen the firm's corporate private equity business since 2012. A Blackstone statement said under Baratta's le
27 Feb. 2020 Summit Partners promotes five [more]
Opalesque Industry Update - Summit Partners, a leading alternative investment firm, today announced the promotion of five professionals globally. Scott Ferguson and Sergio Mur were promoted to Principal; and Chris Bon, Olivia Ley and Jono Pagden were promoted to Vice President. "We are plea
27 Feb. 2020 US-based venture capital funds: Net cash flow turns negative for the third year in a row [more]
Laxman Pai, Opalesque Asia: US-based venture capital funds have posted double-digit median net internal rate of return (IRR) from vintage 2010 onwards, said a report by Preqin. The high of 18.9% for vintage 2016 funds indicates early increases in the unrealized value of these funds' underlying
27 Feb. 2020 Asset managers: Fee pressure takes a toll on operating margins [more]
Laxman Pai, Opalesque Asia: Operating margins for traditional publicly traded U.S. money managers fell by more than 20% over the five years ended Dec. 31, said a report. However, the balmy market environment generated equity returns of nearly 60% over the same period, according to Casey Quirk,
27 Feb. 2020 First Data deal drives US-based fintech investment to a new high in 2019 [more]
Laxman Pai, Opalesque Asia: The US set a new record for fintech funding in 2019, with $59.8 billion in investment compared to $58 billion in 2018, according to the 'Pulse of Fintech', a report by KPMG. According to the report, the top deals in the US in H2'19 included the $22 billion a
27 Feb. 2020 Ridgewood Infrastructure beats target on debut fund [more]
Bailey McCann, Opalesque New York: Ridgewood Infrastructure has closed its debut fund - Ridgewood Water & Strategic Infrastructure Fund at the $600 million hard cap. The vehicle beat its $500 million target. Ridgewood Infrastructure invests in essential infrastructure in the U.S. lower middl
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