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HELPCENTER
21 Aug. 2024 Swiss fund market: Robust growth thanks to strong equity returns [more]
Opalesque Industry Update - With a volume of CHF 1,507 million, the Swiss fund market reached a new high at the end of the first half of 2024. The volume has therefore increased by CHF 138,029 million or 10% since the end of 2023. The lively development at the beginning of the year thus continued i
21 Aug. 2024 Oslo Asset Management closes down its hedge fund [more]
Matthias Knab, Opalesque for New Managers: According to Norwegian business journal Dagens Naeringsliv, investors in the OAM Absolute Return Fund received an email at lunchtime on Friday. In it, Harald James Otterha
21 Aug. 2024 AI takes priority for asset managers [more]
Laxman Pai, Opalesque Asia: A survey reveals that asset managers would like to see growing adoption of artificial intelligence (AI) tools, more innovation in ESG, and customisation from index providers over the next 12 months. The Index Industry Association (IIA)'s fourth annual Survey of
20 Aug. 2024 Global fintech investment falls to $51.9bn in 1H, 2024 [more]
Laxman Pai, Opalesque Asia: Global fintech investment (including private equity, VC, and M&A) dropped to $51.9 billion in the first half of this year, down from $62.3 billion in the second half of 2023, said a study. According to recently released data from KPMG, the first half of this year sa
20 Aug. 2024 Japan hedge fund sees correction as slight overreaction [more]
B. G., Opalesque Geneva: This has been a volatile summer so far in Japan. But a long/short equity fund survived the choppy waters of July through long positions in health care, financials and real estate - even if losses were made in IT, industrials, and consumer discretionary stocks. A
19 Aug. 2024 HarbourVest amasses $18.5bn across two secondaries funds [more]
Laxman Pai, Opalesque Asia: Global private markets asset manager HarbourVest Partners raised $15.1 billion of investor commitments for Dover Street XI, its latest main fund dedicated to acquiring stakes in private-equity funds and subsets of funds. The Boston asset manager also raised $3.4 billi
16 Aug. 2024 With 77.8% volume share early-stage funding dominates the global VC funding deals landscape [more]
Laxman Pai, Opalesque Asia: Despite declining global venture capital (VC) funding deals volume, early-stage funding rounds continued to dominate the global VC funding landscape in H1 2024, accounting for a 77.8% share of the total number of VC deals. Early-stage funding rounds are comprised of Se
15 Aug. 2024 MidOcean Partners acquires SI Solutions [more]
Opalesque Industry Update - MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced the acquisition of SI Solutions, a provider of engineering, testing, inspection, compliance and m
15 Aug. 2024 EQT seeks $12.5bn for new Asia fund [more]
Laxman Pai, Opalesque Asia: Swedish global investment giant EQT would raise $12.5 billion for its new Asia-focused fund. The fund will be managed by EQT Private Capital Asia, which was formed in October 2022 when EQT acquired Baring Private Equity Asia for $6.7 billion. According to a press
15 Aug. 2024 SEC cracks down on off-channel communications: 26 firms fined $390 million [more]
The Securities and Exchange Commission today announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications.
15 Aug. 2024 Why fund managers should adopt void SEC FPA amendments anyway [more]
B. G., Opalesque Geneva: In a recent
14 Aug. 2024 Sanctuary Wealth partners with CAIA for new education program in alternative investments [more]
Opalesque Industry Update - Sanctuary Wealth recently launched the Sanctuary Wealth AltVantage Program (SWAP) in partnership with CAIA Association, the global professional body for the alternative investments industry. SWAP will offer Partner Firms complimentary access to the Fundamentals of Al
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
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