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HELPCENTER
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
30 Jul. 2024 Amulet Capital closes latest fund on $1.2 Billion [more]
Bailey McCann, Opalesque New York: Healthcare focused middle market private equity firm Amulet Capital Partners has closed its third fund on $1.2 billion. The fund hit its hard cap and was oversubscribed. Following the close, Amulet now manages approximately $2.7 billion in assets. Amulet
29 Jul. 2024 Wellspring Capital Management makes round of promotions following solid first half [more]
Opalesque Industry Update - Wellspring Capital Management Group LLC a leading New York-based middle market private equity firm, announced the promotion of Ryan Dowd to Partner, Blake Briscoe to Vice President and Thomas Kingshott to Senior Associate. The promotions follow an extremely active firs
29 Jul. 2024 Theta Capital announces Legends4Legends 2024 - Europe's leading investor event on the transformative power of blockchain technology [more]
Opalesque Industry Update - Theta Capital Management, Europe's largest allocator to blockchain venture capital, announced that the 8th annual Legends4Legends charity conference will be held this year on October 17th in Amsterdam. Investment professionals at family offices, institutional alloca
29 Jul. 2024 Fried Frank adds to private equity group [more]
Opalesque Industry Update - Fried Frank announced today that Amy Johnson has joined the firm as a partner in the Private Equity Funds Group and the Asset Management Practice in New York. She joins from Goodwin, where she was a partner in the private equity group and a member of the private investmen
29 Jul. 2024 World's largest listed hedge-fund firm Man Group AUM reaches record levels [more]
Laxman Pai, Opalesque Asia: The world's largest publicly traded hedge fund manager Man Group said net inflows from clients and strong investment performance helped its assets under management grow by 17.5% in the first half to record highs of $178.2 billion. The multi-strategy firm, which
29 Jul. 2024 ILPA calls for greater transparency on NAV loans [more]
Bailey McCann, Opalesque New York: The Institutional Limited Partners Association (ILPA) has issued new guidance for investors and general partners around the use of net asset value loans. The new guidance intends to articulate a shared set of industry expectations around how GPs engage their
29 Jul. 2024 SEC says activist short seller Andrew Left's Citron Capital used 'bait-and-switch' tactics to mislead investors [more]
Matthias Knab, Opalesque: The Securities and Exchange Commission today announced charges against activist short seller Andrew Left and his firm, Citron Capital LLC, for engaging in a $20 million multi-year scheme to defraud followers by publishing false and misleading statements regarding his sup
29 Jul. 2024 Attention shifting from inflation to growth outlook [more]
B. G., Opalesque Geneva: Magellan Asset Management, an Australia-listed fund manager focused on global equities and infrastructure, feels pretty optimistic about inflation in the G20 countries, expecting it to return to about 2%, primarily thanks to Central Banks. Currently, the
26 Jul. 2024 Cerulli: Institutional investors want more from asset managers [more]
Opalesque Industry Update - Institutional investors face market conditions and investment challenges (and, in some cases, investment opportunities) that haven't been at the top of their minds for over a decade. In reaction to increased inflation and interest rates, institutional investors active
26 Jul. 2024 Palladium Equity Partners promotes Ilundain to president [more]
Opalesque Industry Update - Palladium Equity Partners, LLC, a middle market private equity buyout firm with over $3 billion in assets under management, today announced the promotion of Daniel Ilundain to President. Mr. Ilundain, a Partner of Palladium who joined the Firm in 2005, currently serves as
26 Jul. 2024 Adams Street Partners adds to team [more]
Opalesque Industry Update - Adams Street Partners, LLC, a private markets investment firm with more than $59 billion in assets under management, today announced the appointment of Jim Walker as Partner & Global Head of Wealth. Walker, who has served as Partner & Chief Operating Officer at Adams Stre
26 Jul. 2024 With 6,760 deals, APAC deal volume nosedives by 10.9% YoY during H1 2024 [more]
Laxman Pai, Opalesque Asia: According to a study, the Asia-Pacific (APAC) region saw a 10.9% decline in deal activity, with 6,760 deals announced during the first half (H1) of 2024 compared to 7,590 during the previous year period. The deals include mergers & acquisitions (M&A), private equity
25 Jul. 2024 SEC orders $903,012 distribution in Citigroup and Morgan Stanley Case [more]
Opalesque Industry Update - The Securities and Exchange Commission (SEC) has ordered the disbursement of $903,012.09 from a Fair Fund to be distributed to harmed investors in a case involving Citigroup Global Markets, Inc. and Morgan Stanley Smith Barney LLC. This distribution stems from adminis
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