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HELPCENTER
23 Sep. 2024 TPT Investment Management launches $865m private credit fund [more]
Laxman Pai, Opalesque Asia: TPT Investment Management (TPTIM), a fiduciary manager dedicated to investing in the long-term interests of pension scheme members, has launched a GBP650m ($865m) private credit fund for pension schemes. According to a press release from the investment manager bel
23 Sep. 2024 SEC to hold Virtual National Compliance Outreach Seminar for Investment Companies and Investment Advisers [more]
Matthias Knab, Opalesque for New Managers: The Securities and Exchange Commission's Compliance Outreach Program announced today that it will host a virtual national seminar for investment companies and investment ad
20 Sep. 2024 CAIS broadens offerings from leading alternative asset managers [more]
Opalesque Industry Update - CAIS, an alternative investment platform for independent financial advisors, has expanded its offerings of alternative investment strategies from leading alternative investment managers, deepening the firm's commitment to making alternative investment products more ac
20 Sep. 2024 Global alternatives market to hit $30tn by 2030 [more]
Laxman Pai, Opalesque Asia: The global alternatives industry is on track to reach US$29.2 trillion in assets under management (AUM) by 2029 from $16.8tn at the end of 2023, with private equities set to more than double throughout the period, according to a study. While not part of the official
19 Sep. 2024 Salesforce's VC arm just doubled its AI fund to $1bn [more]
Laxman Pai, Opalesque Asia: Salesforce Ventures announced a new $500 million fund dedicated to AI companies. This is significant for several reasons. First, in June 2023, Salesforce Ventures doubled its AI fund from $250 to $500, so the additional $500 million brings the AI fund to $1 billion.
19 Sep. 2024 SEC cracks down on DeFi platform Rari Capital for securities violations [more]
Matthias Knab, Opalesque for New Managers: In a significant move that underscores the increasing regulatory scrutiny of the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) has taken action a
19 Sep. 2024 More AI-powered products for alternative investment managers [more]
B. G., Opalesque Geneva: While BlackRock and Microsoft are preparing to launch a $30bn artificial intelligence (AI) investment fund to build data centres and energy projects to meet growing demands stemming
18 Sep. 2024 Private markets to expand as investors look for safer havens from volatile public markets [more]
Laxman Pai, Opalesque Asia: With the recent volatility in the broader public markets, a recent report predicts accelerated growth in the private markets given the growing range of accessible, compelling investment opportunities, many of which are still largely untapped by individual investors.
18 Sep. 2024 Traditional hedge fund strategy managers continued to charge higher management fees (average 1.8%) in 2023 [more]
B. G., Opalesque Geneva: According to law firm Seward & Kissel's latest study, established managers of traditional hedge fund strategies continue to charge high management fees, compared to managers with bespoke strategies. As for the incentive fee, three-quarters of those managing traditiona
18 Sep. 2024 SEC charges 11 institutional investment managers with failing to report certain securities holdings [more]
Matthias Knab, Opalesque: The Securities and Exchange Commission today announced charges against 11 institutional investment managers for failing to file reports, known as Forms 13F, that they were required to file because they have discretion over more than $100 million in certain securities.
18 Sep. 2024 Prager Metis settles SEC charges for negligence in FTX audits, violating auditor independence requirements [more]
Matthias Knab, Opalesque: The Securities and Exchange Commission today announced that Prager Metis CPAs, LLC (Prager) and its California professional services firm, Prager Metis CPAs LLP, (collectively, the Prager Entities) agreed to pay $1.95 million to resolve two actions alleging misconduct in
17 Sep. 2024 Global family offices open more physical offices in different jurisdictions [more]
Laxman Pai, Opalesque Asia: Global family offices are opening more physical offices in different jurisdictions as family members move abroad or live in different countries and the trend is set to increase in the next five years, said a study. Ocorian's international study among more than 300
16 Sep. 2024 ICG raises record $17bn for European direct lending strategy [more]
Laxman Pai, Opalesque Asia: Global alternatives asset manager Intermediate Capital Group (ICG) has raised $17bn (€15.2bn) for the fifth vintage of its Senior Debt Partners (SDP) fund at the final close. According to a media release from the private equity investment firm, the raise is th
13 Sep. 2024 BlackRock and Partners Group team up to transform retail wealth access to private markets [more]
Opalesque Industry Update - BlackRock and Partners Group have teamed up to launch a multi-private markets models solution set to transform how retail investors access alternative investments. The solution will provide access to private equity, private credit and real assets in a single portfolio - c
13 Sep. 2024 Limited partners report confidence in alternative investments, interest in AI and edge computing, and concern for economy [more]
Opalesque Industry Update - A global survey of Limited Partners (LPs) and asset allocators, now in its third year, identified several noteworthy trends and strategy adjustments among the participants, such as their desire to remain agile and efficient amid their concerns about ongoing economic uncer
13 Sep. 2024 eToro to shut down nearly all crypto trading in settlement with US SEC [more]
Opalesque Industry Update - The Securities and Exchange Commission announced that eToro USA LLC has agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certai
13 Sep. 2024 Bregal Sagemount brings in $800m for credit solutions fund [more]
Laxman Pai, Opalesque Asia: Bregal Sagemount, a growth-focused private capital firm, has raised almost $800m for its new fund targeting opportunistic credit and direct lending deals. The New York-based buyout house said in a media release that the Fund - Bregal Sagemount Credit Solutions - wil
13 Sep. 2024 Investors to continue risk-on appetite in 2025 despite geopolitical uncertainty [more]
B. G., Opalesque Geneva: More than half the institutional investors say in a new survey that their top concern is geopolitical risk, including trade tensions between the U.S., Europe and China, major elections in over 70 countries this year, military conflicts, and structural changes in the globa
12 Sep. 2024 SEI adds KKR to alternative investments access platform [more]
Opalesque Industry Update - Investment vehicles from KKR, a leading global investment firm, will be available on SEI's platform. The platform provides registered investment advisors, broker-dealers, and their clients access to private markets investments. SEI's e-subscription technology
12 Sep. 2024 Park Square racks up $3.8bn for new private credit vehicle [more]
Laxman Pai, Opalesque Asia: European private credit specialist Park Square Capital has raised €3.4 billion ($3.8 billion) for a new direct-lending vehicle, a 50% increase over the previous vintage. The European Loan Partners II Program includes a joint venture with Sumitomo Mitsui Bankin
11 Sep. 2024 Warburg Pincus amasses over $4bn for debut capital fund [more]
Laxman Pai, Opalesque Asia: Warburg Pincus, a global growth investor, has closed its first dedicated fund for a structured investing strategy that provides capital to businesses using a combination of debt, preferred equity, and asset-based finance. According to a press release from the New
10 Sep. 2024 SEC announces six new Investor Advisory Committee members [more]
Opalesque Industry Update - The Securities and Exchange Commission announced six new members to fill vacancies on its Investor Advisory Committee. The new members, who will serve four-year terms, join 17 current committee members. The committee, established under the Dodd-Frank Wall Street Refo
10 Sep. 2024 AXA IM Alts snaps up European private debt firm Capza [more]
Laxman Pai, Opalesque Asia: The alternatives division of Axa Investment Managers, the French insurance group, has taken full ownership of private debt and equity firm Capza. Axa IM Alts, which manages more than €184bn in assets, has worked with Capza for the past 20 years, both as an inve
09 Sep. 2024 Hedge funds navigate historic volatility surge to gain in August [more]
Opalesque Industry Update - Hedge funds navigated a historic volatility surge to begin August, as large-cap equities began the month with three days of steep declines, though most indices pared these early losses throughout the month to conclude August with modest gains. Hedge fund performance
09 Sep. 2024 SEC charges nine investment advisers in ongoing sweep into marketing rule violations [more]
Opalesque Industry Update - The Securities and Exchange Commission announced settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating advertisements that included untrue or unsubstantiated statements of material fact or testimonials, endorsements,
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