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HELPCENTER
14 Aug. 2024 Valor Equity Partners raises $2.35bn for oversubscribed flagship strategy [more]
Matthias Knab, Opalesque: Chicago-based private investment firm Valor Equity Partners closed its latest flagship fund - Valor Equity Partners VI - at $2.35 billion, surpassing its original $2bn target, showcasing investors' appetite for more high growth opportunities. According to a press
13 Aug. 2024 Janus Henderson buys Victory Park Capital in private credit push [more]
Laxman Pai, Opalesque Asia: British-American global asset management group Janus Henderson Group will acquire a majority stake in global private credit manager Victory Park Capital Advisors (VPC), in a bid to expand in the fast-growing private credit market, particularly asset-based finance.
12 Aug. 2024 Advisors are seeking specialists on complex subjects [more]
Opalesque Industry Update - ISS Market Intelligence (MI), a provider of data, analytics, insights, media, and events solutions to the global financial services industry, announced the results of its ISS MI Advisor Pulse Series - Specialists and Teams study. Conducted through interviews with 7
12 Aug. 2024 LGT Capital amasses $2bn for new private equity and credit vehicles [more]
Laxman Pai, Opalesque Asia: LGT Capital Partners, a global specialist in alternative investing, has raised $2bn in assets for two new semi-liquid open-ended investment vehicles, adding to its private equity and private credit fund range. The expansion will provide institutional investors and
09 Aug. 2024 Saba reaches agreement with The New America High Income Fund [more]
Opalesque Industry Update - Saba Capital Management, L.P., has entered into a standstill agreement with The New America High Income Fund. Under the terms of the agreement, The New America High Income Fund will, subject to stockholder approval, reorganize with and into the T. Rowe Price High Yiel
09 Aug. 2024 Global M&A transactions value jumped by nearly 12% YoY in H1 2024 to $1.22tn [more]
Laxman Pai, Opalesque Asia: The total value of global M&A has jumped year-over-year in the first half of 2024, despite global M&A deal volumes remaining lackluster, said a study. According to the S&P Global Market Intelligence's report, the total value of transactions increased 11.7% to $
09 Aug. 2024 MV Global Opportunity Fund aims at absolute returns within evolving Web3 and blockchain themes [more]
Matthias Knab, Opalesque for New Managers: A new digital asset hedge fund, MV Global Opportunity Fund SP, has been launched via CV5 Digital SPC. This fund employs a dynamic investment strategy aimed at achieving abs
08 Aug. 2024 Despite a large deal volume drop US VC funding remains strong in H1 '24 with $61.4bn [more]
Laxman Pai, Opalesque Asia: Despite a significant drop in venture capital (VC) deal volume during the first half (H1) of 2024, the US market showcased resilience with 2,373 deals worth $61.4 billion, said a study. According to GlobalData, this marks a 5.9% decline in funding value and a 44.8%
07 Aug. 2024 Hedge funds gained in July as recession fears mount, volatility spikes [more]
Opalesque Industry Update - Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding a historic equity market drop to begin August, as inflation fears quickly transitioned into recessions fears, geopolitical uncertainty hastened, and large cap technology
07 Aug. 2024 Stonepeak racks up $3.15bn for opportunities fund [more]
Laxman Pai, Opalesque Asia: American alternative investment firm Stonepeak raised $3.15 billion for its first fund - Stonepeak Opportunities Fund - dedicated to midsize infrastructure bets, exceeding an original target of $2.5 billion. The New York-based investment firm specializing in infra
06 Aug. 2024 Tenex Capital wraps up fourth fund at $1.9bn [more]
Laxman Pai, Opalesque Asia: New York-based Tenex Capital Management (TCM) has announced the final closing of Tenex Capital Partners IV(Fund IV) at $1.9 billion, hitting its Limited Partner hard cap of $1.9 billion. The firm's predecessor fund, Fund III, closed in 2021 at its hard cap of $1.2
05 Aug. 2024 Quinbrook raises $3bn for energy transition fund [more]
Laxman Pai, Opalesque Asia: Quinbrook Infrastructure Partners, a specialist global investment manager, has raised $3 billion for its latest and largest-to-date renewable energy-focused investment pool, with backers from Nordic countries compensating for a lower appetite shown by U.S. investors.
02 Aug. 2024 Wealth managers and financial advisors rush to boost future potential performance tracking [more]
Laxman Pai, Opalesque Asia: More than eight in ten (84%) wealth managers and financial advisers indicated plans to increase investments in new tools and solutions over the next three years to improve their estimates of key asset classes' future performance, said a study. Only around a thi
01 Aug. 2024 SEC charges founder of social media company "IRL" with $170m fraud [more]
Opalesque Industry Update - The Securities and Exchange Commission charged Abraham Shafi, the founder and former CEO of Get Together Inc., a privately held social media startup known as "IRL," with defrauding investors by making false and misleading statements about the company's growt
01 Aug. 2024 Ares Management racks up $34bn for direct lending strategy [more]
Laxman Pai, Opalesque Asia: Alternative investment manager Ares Management Corp. has closed its latest direct lending fund - Ares Senior Direct Lending Fund III (SDL III) - with a capital base of $34 billion, making it the largest in the investment manager's history. The credit-focused pr
01 Aug. 2024 Ackman pulls Pershing Square IPO [more]
Bailey McCann, Opalesque New York: Pershing Square USA withdrew its planned initial public offering following news that it would significantly cut its target from $25 billion to $2 billion. Ackman told Reuters that he would consider revisiting the IPO after revising the proposed transaction.
01 Aug. 2024 StoneTree Investment Partners closes latest fund on $155M [more]
Bailey McCann, Opalesque New York: StoneTree Investment Partners, a Dallas, TX-based lower middle market private equity firm closed its debut fund, with total capital commitments of $155m. StoneTree Investment Partners focuses on investing in lower middle market industrial businesses, with a
31 Jul. 2024 Hunter Point Capital adds to team [more]
Opalesque Industry Update - Hunter Point Capital, a leading independent investment firm providing capital solutions to alternative asset managers, today announced the appointments of SD Chu and Akira Takahashi as Managing Director, Singapore, and Senior Advisor, Japan, respectively. Mr. Chu and Mr.
31 Jul. 2024 SEC charges Nader Al-Naji in $257 million crypto fraud [more]
Opalesque Industry Update - The Securities and Exchange Commission today charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (herein, "BTCLT"). According to
31 Jul. 2024 Citizens Business Conditions Index jumps in Q2 [more]
Opalesque Industry Update - The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that economic momentum is building, in this case due
31 Jul. 2024 Wasserman taps Murray to lead M&A [more]
Opalesque Industry Update - Global sports, music, and entertainment company Wasserman has hired Steve Murray as Executive Vice President of Mergers & Acquisitions and Strategy, announced today by Chief Financial Officer Elena Rochelli. Murray joins Wasserman from Providence Equity Partners, where he
31 Jul. 2024 SEI and Canoe Intelligence expand relationship [more]
Opalesque Industry Update - SEI® and Canoe Intelligence today announced an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data, to improve operational efficiency for family offices using the SEI Archwa
31 Jul. 2024 Growth equity gains traction with financial advisors [more]
Opalesque Industry Update - Crystal Capital Partners, a wealth-tech provider and leading turn-key alternative investment platform for financial advisors, today announced the results of its survey on private equity sub-strategies. The survey examined factors driving allocations and demand for buyouts
31 Jul. 2024 VC investment rises in the Americas and Europe, but dips to a seven-year low in Asia [more]
Laxman Pai, Opalesque Asia: Venture capital (VC) investment increased in the Americas and Europe. The Americas saw VC investment climb to an eight-quarter high of $58.3 billion, while Europe experienced a rise from $13.9 billion to $17.8 billion, revealed a study. Conversely, VC investment in
30 Jul. 2024 SEC fines Western International Securities as rogue representative wiped out client portfolios with options daytrading [more]
Opalesque Industry Update - The Securities and Exchange Commission (SEC) has fined Western International Securities, Inc. $140,000 for violating Regulation Best Interest (Reg BI), highlighting the regulator's continued focus on protecting retail investors. Key Points: 1. Excessive Tradin
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