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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
02 Jul. 2024 New Mountain Capital racks up $15.4bn for the sixth buyout fund [more]
Laxman Pai, Opalesque Asia: New York-headquartered growth-oriented alternative investment firm New Mountain Capital closed its seventh fund at $15.4 billion, exceeding hard cap with help from the largest-ever GP commitment. The fund hit its $14 billion hard cap and includes a $1.4 billion gene
02 Jul. 2024 Ardian raises $3.2 billion for sixth-generation co-investment platform [more]
Bailey McCann, Opalesque New York: Ardian has raised $3.2 billion for the sixth generation of its co-investment platform Ardian Co-Investment Fund VI, including fund commitments and mandates from Ardian Customized Solutions. The firm says fund VI is 23% larger than its predecessor fund which
01 Jul. 2024 Operations consultancies merge to form Fintova Partners [more]
Opalesque Industry Update - Fintova LLC and Nexgen360 LLC, consultancies offering strategic advisory, technology, operations, and risk management services to the financial services industry, announced their merger to form Fintova Partners LLC. This powerful combination brings together accomplish
01 Jul. 2024 SEC charges Consensys Software for unregistered offers, sales of securities through Staking Service [more]
Opalesque Industry Update - The Securities and Exchange Commission (SEC) charged Consensys Software Inc. with engaging in the unregistered offer and sale of securities through a service it calls MetaMask Staking and with operating as an unregistered broker through MetaMask Staking and another servic
01 Jul. 2024 BlackRock to acquire data provider Preqin [more]
B. G., Opalesque Geneva: BlackRock, Inc., an American multinational investment company headed by Larry Fink, is to acquire 100% of Preqin, an independent provider of private markets data, for GBP2
01 Jul. 2024 Global M&A deal value up 5% to reach $1.3tn in first half of 2024 [more]
Laxman Pai, Opalesque Asia: According to a report by PWC, in the first half of 2024, while the value of M&A deals rose by 5% compared to the first half of 2023, overall transaction volume fell by 30%, continuing a downward trend that started in 2022. The report, '2024 Mid-Year Outlook: Glo
01 Jul. 2024 Kliner Perkins raises $2 billion for two funds [more]
Bailey McCann, Opalesque New York: Venture capital firm Kliner Perkins has raised $2 billion across two new funds. According to a Bloomberg report the firm raised $825 million for a new fund targeting young startups, and $1.2 billion for a later-stage fund. The firm will invest across of vari
01 Jul. 2024 Freeflow Ventures raises $50M across two funds for health investments [more]
Bailey McCann, Opalesque New York: Freeflow Ventures, an early stage venture capital firm that invests in large-scale opportunities to improve human and planetary health, has raised $50 million across two funds. $35 million was raised for the firm's second flagship fund and an additional $15
01 Jul. 2024 Pershing Square US closed end fund to IPO at $50 per share [more]
Bailey McCann, Opalesque New York: Pershing Square will list a US closed-end vehicle at a price of $50 per share, Bloomberg first reported the news. Pershing Square USA is seeking to raise $25 billion from retail investors through the listing. If successful, Bill Ackman could have the largest US
30 Jun. 2024 Mandia named general partner of Ballistic Ventures [more]
Opalesque Industry Update - Ballistic Ventures, the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, is pleased to announce that co-founder Kevin Mandia is now General Partner. Mandia is one of the world's most recognized ex
29 Jun. 2024 Hedge fund launches surge to begin 2024 as industry assets rise to record [more]
Opalesque Industry Update - New hedge fund launches surged while liquidations remained steady to begin 2024 as industry assets hit a record level of $4.3 trillion while fund managers positioned for growing geopolitical risk, representing potential for significant policy shifts, financial market vola
28 Jun. 2024 DWS Group appoints US corporation board chairman [more]
Opalesque Industry Update - DWS today announced the appointment of Steven Goulart as DWS USA Corporation Board Chairman effective July 1, 2024, succeeding Kenneth Froewiss who is stepping down from his position as Chair and will be retiring in the near term. Mr. Froewiss, who has served as Chairman
28 Jun. 2024 Tokenization market to reach $30.1tn by 2034 [more]
Laxman Pai, Opalesque Asia: Demand for tokenized assets could reach US$30.1 trillion by 2034, according to a report. The report on tokenized real-world assets (RWA) focusing on trade finance published by Standard Chartered and Synpulse predicts that trade finance assets could become one of th
28 Jun. 2024 Supreme Court deals a blow to SEC's administrative capabilities in new ruling [more]
Bailey McCann, Opalesque New York: The United States Supreme Court has dealt a fresh blow to the SEC in its latest ruling. In Securities and Exchange Commission v. Jarkesy, George Jarkesy a former hedge fund manager argued that the way the SEC uses its administrative law judges is unconstitutiona
28 Jun. 2024 Brandon Capital reaches first close sixth fund at $180 million [more]
Bailey McCann, Opalesque New York: Brandon Capital, a biosciences venture capital firm based in Australia has reached the first close of its sixth fund at $180 million. The fund will invest in life sciences startups in Australia and New Zealand, with a specific interest in scale-ups. The firm
28 Jun. 2024 ManCos and AIFMs are focusing on refinement and consolidation of processes [more]
B. G., Opalesque Geneva: The fourth edition of the KPMG Large-scale Management Companies & Alternative Investment Fund Managers Survey issued this month covers 22 ManCos (including 18 of the 20 largest ManCos in Luxembourg) and 19 AIFMs. A
27 Jun. 2024 With 4600 deals, global venture capital funding grew 16% to $89bn in Q1 2024 [more]
Laxman Pai, Opalesque Asia: In the first quarter of 2024, global venture capital funding grew by approximately 16% quarter over quarter, reaching $89 billion distributed over 4,600 deals, said a study. According to Bain & Company's Global Venture Capital Outlook, the US experienced the mos
27 Jun. 2024 Rackhouse Ventures closes second fund on $45 million [more]
Bailey McCann, Opalesque New York: San Francisco-based Rackhouse Venture Capital has closed its second fund on $45 million. This fund is larger than its predecessor fund which closed on $22.3 million in 2021. Rackhouse Ventures focuses on investments in generative AI, AI services and data-ena
27 Jun. 2024 Connexa Capital closes maiden fund on $20M [more]
Bailey McCann, Opalesque New York: Miami-based Connexa Capital has closed its debut fund Connexa Capital Fund I on $20 million. The fund beat its target and was oversubscribed. The Fund invests in early-stage technology and software companies with strong fundamentals. The fund already has fiv
27 Jun. 2024 Martis Capital expands [more]
Martis Capital Management a healthcare-focused private equity firm, has opened an office in Miami and hired two senior team members. Beth Dresdale joined the firm as a principal on the value creation team and is based in the Miami office. Before Martis Capital, she was a principal focused on val
26 Jun. 2024 Kimura Capital embraces digital trade finance with Haycen partnership [more]
Opalesque Industry Update - Kimura Capital LLP, a London-based provider of trade finance credit for commodities, and Haycen Ltd, a B2B digital currency and payments business, announced a collaboration on digital trade finance solutions. This partnership signifies Kimura's commitment to digi
26 Jun. 2024 MFA announces Ron Alquist as Managing Director, Research [more]
Opalesque Industry Update - MFA announced Ron Alquist as Managing Director, Research. Alquist is based in New York and will build and lead MFA's research function to educate the public, advance policy discussions, and inform MFA's global advocacy. "Ron's extensive experience in the alternative a
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