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HELPCENTER
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
25 Jul. 2024 SEC obtains judgment against former broker related to hedge fund valuation scheme [more]
Opalesque Industry Update - On July 8, 2024, the U.S. District Court for the Southern District of New York entered a final consent judgment against Frank Dinucci, Jr., a broker at formerly-registered New York-based broker-dealer AOC Securities LLC, permanently enjoining him from violating the antifr
25 Jul. 2024 Private equity deal value jumps 42.1% to $175.73bn QoQ in Q2 2024 [more]
Laxman Pai, Opalesque Asia: Global private equity and venture capital deal value surged 42.1% to $175.73 billion in the second quarter from $123.65 billion for the same period in 2023 as investors began deploying more capital after accumulating record-high dry powder, said a study. According t
25 Jul. 2024 Agellus Capital closes debut fund at $400M [more]
Bailey McCann, Opalesque New York: Agellus Capital, a lower middle-market private equity firm, has closed its debut fund Agellus Capital Private Equity Fund I at $400 million. The Fund was oversubscribed, surpassing its $350 million target and securing investor commitments in less than five month
25 Jul. 2024 There may be opportunity in value stocks right now [more]
B. G., Opalesque Geneva: The recent article "Global Value Stocks - The Compelling Case at Midyear" from Franklin Mutual Series outlines a positive outlook for
24 Jul. 2024 Net sales of equity UCITS reached a 3-year high in May [more]
Opalesque Industry Update - EFAMA has published its latest Monthly Statistical Release for May 2024. Thomas Tilley, Senior Economist at EFAMA, commented: "May 2024 saw net sales of equity UCITS rise to a 35-month high thanks to strong net inflows into equity ETFs and a rebound in non-ETF equity fund
24 Jul. 2024 More than a third of private markets professionals admit to a last-minute approach to regulatory changes [more]
Opalesque Industry Update - New research has found that over a third (34%) of private market professionals admit to taking a last-minute approach to planning for new regulations as many struggle to cope with the volume, speed, and complexity of regulatory changes. This is according to a new glo
24 Jul. 2024 D2 Asset Management launches investment firm with $1bn in AUM [more]
Opalesque Industry Update - D2 Asset Management, LP (D2) announced its launch as a global investment firm specializing in credit, hybrid, and special situation investments. Founded by industry veterans Ben and Luke Doramus, D2 aims to generate compelling returns for its partners across real assets,
24 Jul. 2024 Pension fund-backed deal value hits $13.58bn in Q2 2024, a 157.9% jump QoQ [more]
Laxman Pai, Opalesque Asia: Mergers and acquisitions with direct pension fund involvement soared in the second quarter as transaction value totaled $13.58 billion, a 157.9% jump from $5.28 billion in the second quarter of 2023. However, the number of deals in the second quarter fell to 21 from
24 Jul. 2024 NGP closes real assets vehicle [more]
Bailey McCann, Opalesque New York: Private equity firm NGP has closed its latest real assets vehicle - NGP Sustainable Real Assets with $500 million of capital commitments from NGP's dedicated energy transition fund, NGP Energy Transition IV, L.P., and co-investors. NGP SRA was formed to inve
23 Jul. 2024 SEC sues cannabis fund, CEO over $37m ponzi-like scheme [more]
Opalesque Industry Update - On July 22, 2024, the Securities and Exchange Commission charged fund manager Robert Newell and his prior firm, Black Hawk Funding, Inc., with engaging in undisclosed misuses of investor funds, making Ponzi-like payments, and distributing misleading disclosure documents t
23 Jul. 2024 Private equity exit value decline to its 5-year low after slow H1 [more]
Laxman Pai, Opalesque Asia: Global private equity exits totaled $155.3 billion between Jan. 1 and June 30, down 26% from $209.4 billion in the first six months of 2023, according to a study. "Private equity exit value is on track to decline to its lowest annual total in at least five years de
23 Jul. 2024 Gordian Capital platform expands into Hong Kong [more]
Laxman Pai, Opalesque Asia: Gordian Capital Hong Kong Limited, a unit of the USD 14 billion alternative manager Gordian Capital group, has been granted a license by the Securities and Futures Commission of Hong Kong to carry on Type 9 (Asset Management) and Type 4 (Advising on Securities) regulat
23 Jul. 2024 SEC sends T+1 exam letters [more]
B. G., Opalesque Geneva: Over the past week, several registered investment advisers (RIAs) have received examination letters from the Securities and Exchange Commission (SEC) regarding the transition to a T+1 settlement cycle. The T+1 rules, effective from May 2024, require broker-dealers to
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