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HELPCENTER
15 Jul. 2024 Global PEVC dry powder accelerates to $2.62tn in 1H 2024 [more]
Laxman Pai, Opalesque Asia: The accumulation of global private equity (PE) and venture capital (VC) dry powder accelerated in the first half of the year, pushing further into record territory, said a study. According to S&P Global Market Intelligence data global PEVC dry powder hovered around
12 Jul. 2024 Astorg raises $1.5bn continuation vehicle backed by Lexington, Eurazeo, CVC, and Eurazeo [more]
Laxman Pai, Opalesque Asia: European alternative investment firm Astorg Partners has raised a €1.4bn ($1.52bn) continuation fund to acquire its portfolio company Normec. The Normec continuation fund has been capitalized by lead investors CVC Secondary Partners, Pantheon, Lexington Partner
12 Jul. 2024 Global M&A activity rebounds in 2024 amid regional challenges [more]
Laxman Pai, Opalesque Asia: Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter's completed deals surpassing those of the same period last year, said a study. According to WTW's Quarterly Deal Perfor
11 Jul. 2024 CCF Group and Neuberger Berman expand French private equity offering [more]
Opalesque Industry Update - Neuberger Berman, a private, independent, employee-owned investment manager, is partnering with CCF Group, a century-old French banking group, to provide increased access to private equity. This new agreement allows CCF Group to offer its French clients access to investme
11 Jul. 2024 AXA IM Alts racks up over $2.5bn for significant risk transfer strategy [more]
Laxman Pai, Opalesque Asia: AXA IM Alts, the alternative investment arm of French insurer AXA, has raised over €2.3 billion ($2.5 billion) in its Significant Risk Transfer (SRT) strategy exceeding its target. This includes circa €1.2 billion ($1.3 billion) total capital raised for i
11 Jul. 2024 Manulife IM closes second fund of funds in partnership with AlpInvest [more]
Bailey McCann, Opalesque New York: Manulife Investment Management has closed Manulife Private Equity Partners II with $810 million in commitments. This is the second fund of funds that Manulife IM is doing in partnership with AlpInvest. The fund of funds was seeded with an existing portfolio
11 Jul. 2024 Monomoy closes latest fund on $2.25 billion [more]
Bailey McCann, Opalesque New York: Monomoy Capital Partners, a private investment firm focused on the middle market, has closed its fifth fund at $2.25 billion. Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close. The firm's previous fund closed in lat
11 Jul. 2024 Franklin Templeton sees opportunities in secondaries, private credit, RE debt [more]
B. G., Opalesque Geneva: The results from Franklin Templeton's Global Investment Management Survey (mid-year 2024) indicate that alternative managers are bullish on private equity, specifically in the secondary space, as well as private credit because traditional lenders have pulled ba
10 Jul. 2024 Global financial wealth rebounds by 7% in 2023, driven by buoyant equity markets [more]
Opalesque Industry Update - Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult year in 2022. Much of the growth was due to a rebound in the financial market, as financial wealth-a subset of global net wealth-rose by almost 7%, following a 4% decline in 2022. Ov
10 Jul. 2024 Kennedy Lewis IM and CalSTRS to start partnership in non-sponsored senior lending [more]
Opalesque Industry Update - Kennedy Lewis Investment Management LLC, an alternative credit firm, and the California State Teachers' Retirement System (CalSTRS), are starting a strategic partnership focused on senior corporate lending for non-sponsored borrowers. In addition to investments in
10 Jul. 2024 Lombard Odier IM launches earnings-surprises big data hedge fund [more]
Laxman Pai, Opalesque Asia: Lombard Odier Investment Managers (LOIM), the asset management business of the Lombard Odier Group, has launched a quantitative hedge fund to identify company earnings surprises. LOIM's DataEdge is an equity market-neutral strategy that uses big data analysis/sys
09 Jul. 2024 Switzerland third largest asset management market in Europe [more]
Opalesque Industry Update - After a challenging previous year, the Swiss asset management industry has returned to growth in 2023. More than ever, the industry is proving to be an important pillar of the Swiss economy, characterised by its high level of international competitiveness and a broadly di
09 Jul. 2024 Higher confidence levels in Q2 from multi-strategy and global macro hedge funds [more]
Opalesque Industry Update - AIMA, in partnership with Simmons & Simmons and Seward and Kissel, have issued the 15th quarterly Hedge Fund Confidence Index (HFCI), which provides a snapshot of hedge fund managers' confidence in their economic prospects for the coming 12 months. Q2 2024 results
09 Jul. 2024 ESMA's stress test of Central Counterparties finds clearing system resilient [more]
Opalesque Industry Update - The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has published the results of its fifth stress test exercise for Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs
09 Jul. 2024 MetLife launches $1.2bn PE fund-of-funds [more]
Laxman Pai, Opalesque Asia: MetLife Investment Management (MIM), an institutional asset management business of MetLife, announced the launch of its second private equity fund for institutional clients in concert with the closing of approximately $1.2 billion in commitments to a new MIM-managed fu
09 Jul. 2024 Norwest raises $1.4 billion across two funds [more]
Bailey McCann, Opalesque New York: Norwest Capital Advisors has raised $1.4 billion across two funds. One billion was raised for Norwest Equity Partners XI and $400 was raised for Norwest Mezzanine Partners V. The Norwest Capital team is already actively deploying both funds. Norwest Equity
08 Jul. 2024 Sidley adds M&A partner [more]
Opalesque Industry Update - Sidley announced that Jonathan Olsen has joined the firm as a partner in the M&A and Emerging Companies and Venture Capital practices, practicing in San Diego. Prior to joining Sidley, he was a Technology and M&A partner with Goodwin Procter LLP. Mr. Olsen regularly a
08 Jul. 2024 Hedge fund performance mixed in June as global election risk surges [more]
Opalesque Industry Update - Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US; as European and Asian central banks cut interest rates despite persistent inflationary pressures, while US large cap Technology stocks extended gains to
05 Jul. 2024 Tenzing racks up $1.15bn for third fund, oversubscribed at its hard cap [more]
Laxman Pai, Opalesque Asia: Tenzing, a growth equity investor specializing in tech and tech-enabled businesses in the UK and Europe, has soared past GBP900m ($1.15bn) for its third fund, making the new vehicle more than double the size of its predecessor and closed at its hard cap, with excess de
04 Jul. 2024 Shiprock Capital announces new Senior Analyst [more]
Opalesque Industry Update - Shiprock Capital Management Limited, a London-based investment management firm focused on Global Distressed and Special Situations, has announced a new Senior Analyst. Yacine Bourezak has over nine years of investing experience. Prior to joining Shiprock, Yacine spent
04 Jul. 2024 Lone Star Funds amasses $5.3bn to invest in distressed assets [more]
Laxman Pai, Opalesque Asia: Lone Star Funds raised about $5.3 billion with the final closing for its 12th opportunity fund, Lone Star Fund XII. The Fund will continue its strategy of investing in distressed assets in real estate, corporate equity, credit, and other financial assets even as pri
03 Jul. 2024 CFTC charges employer with failing to include whistleblower carveout in agreements with employees [more]
Opalesque Industry Update - In its latest Employment Litigation Roundup, U.S. law firm Seward & Kissel reports that commodities trading firm Trafigura Trading LLC agreed to pay a $55 million fine to
03 Jul. 2024 Five SWFs achieved a perfect score around GSR issues [more]
Laxman Pai, Opalesque Asia: Temasek (Singapore), CDPQ (Quebec), BCI (British Columbia), NZ Super (New Zealand), and ISIF (Ireland) achieved a perfect score around governance, sustainability, and resilience (GSR) issues, revealed a study. The Global SWF's 5th edition of its GSR Scoreboard a
03 Jul. 2024 SEC charges against Hedonova Fund and Hedonova Advisors for fraudulent scheme [more]
Matthias Knab, Opalesque: The U.S. Securities and Exchange Commission (SEC) has filed charges against Hedonova LLC and Hedonova Advisors LLC, alleging that the companies engaged in a fraudulent scheme to mislead investors about their operations and financial status. According to the complaint fil
02 Jul. 2024 Weinstein wants to hold BlackRock accountable [more]
Opalesque Industry Update - Saba Capital Management, L.P. issued a statement regarding its campaign to improve the Boards of Trustees of 10 poorly governed and underperforming closed-end funds manage
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