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20 Jun. 2024 Kinderhook Industries racks up $2.75bn for oversubscribed eighth fund [more]
Laxman Pai, Opalesque Asia: American private investment firm announced the final closing of Kinderhook Capital Fund 8 with total capital commitments of $2.75 billion, inclusive of $250 million in commitments from the general partner and its operating partner network. Kinderhook's investor
20 Jun. 2024 SEC Marketing Rule: performance advertising remains challenging [more]
B. G., Opalesque Geneva: In its recently released Marketing Rule Snapshot Report, US law firm Seward & Kissel finds that the most affected area of advertising for investment advisers is performance communication. The SEC's adoption of the new Marketing Rule in
19 Jun. 2024 Hamilton Lane wraps up its sixth secondaries fund at $5.6bn [more]
Laxman Pai, Opalesque Asia: Hamilton Lane has closed its largest-ever fund, tapping investors for $5.6bn in commitments for its latest secondaries vehicle. The fundraising, the biggest in the firm's history, saw strong support from a diverse group of new and existing investors with the fun
18 Jun. 2024 APAC deal activity declined 9.9% YoY [more]
Laxman Pai, Opalesque Asia: A total of 5,655 deals were announced in the Asia-Pacific (APAC) region during January-May 2024, which was a decline of 9.9% compared to the 6,274 deals announced during the same period in the previous year, said a study. Deals are comprising of mergers & acquisitio
17 Jun. 2024 Fujitsu begins impact investing [more]
Opalesque Industry Update - Fujitsu Limited announced that it has expanded the investment scope of the Corporate Venture Capital (CVC) fund managed by Fujitsu Ventures Limited to begin impact investing, in which Fujitsu will invest in companies that are taking on the challenge of solving social issu
17 Jun. 2024 Castle Ridge rolls out AI Multi-Strategy [more]
Laxman Pai, Opalesque Asia: Castle Ridge Asset Management, an Artificial Intelligence (AI)-driven hedge fund manager has announced the launch of its AI Multi-Strategy. The Strategy is powered by WALLACE, Castle Ridge's proprietary AI platform, said a media release from the Toronto-based hedge
17 Jun. 2024 With 19,642 deals, global deal activity declines 19.6% YoY [more]
Laxman Pai, Opalesque Asia: According to a study, a total of 19,642 deals comprising mergers & acquisitions (M&A), private equity, and venture financing were announced globally during January-May 2024, which is a decline of 19.6% compared to the announcement of 24,441 deals announced during Janua
17 Jun. 2024 SEC says JAG Advisors "lied about nearly every aspect" of their fund [more]
Matthias Knab, Opalesque: The Securities and Exchange Commission today charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection with a three-year scheme to defraud investors of at least $3 million. According to the SEC's complaint, f
17 Jun. 2024 SEC charges Twenty Acre Capital for misrepresenting fund returns using data from a single fund investor [more]
Matthias Knab, Opalesque for New Managers: On June 14, 2024, the Securities and Exchange Commission charged Twenty Acre Capital LP, a registered investment adviser based in Pennsylvania, with presenting misleading p
14 Jun. 2024 SEC obtains final judgment against Bellatorum Resources and its CEO Christopher Bentley [more]
Opalesque Industry Update - On May 30, 2024, the U.S. District Court for the Southern District of Texas, Houston Division, entered a final judgment against Bellatorum Resources, LLC and its CEO, Christopher R. Bentley of Tomball, Texas. As alleged in the SEC's complaint filed on August 16, 2022
14 Jun. 2024 Global investment advisers capitalize on private markets' appetite [more]
Laxman Pai, Opalesque Asia: The investment appetite for private markets surges as 70 percent of advisers plan to raise clients' allocations to the asset class. More than 90% of global investment advisors allocate client capital to private markets and virtually all of them (99%) plan to allocat
13 Jun. 2024 Foresite Capital racks up $900m for VC fund which bets on AI to aid biotech plays [more]
Laxman Pai, Opalesque Asia: Venture capital biotech player Foresite Capital has locked down $900 million for its latest vehicle. Foresite Capital Fund VI marks the largest single-fund raise for the multi-stage healthcare and life sciences investment firm. It comes as top biotech startups have
12 Jun. 2024 Partners Group racks up over $15bn for fifth direct private equity fund [more]
Laxman Pai, Opalesque Asia: The global private markets firm Partners Group closed its fifth direct private equity program, Partners Group Direct Equity V, with total commitments above its target of $15 billion. The Fund targets four thematic areas: technology, health and life, goods and produ
12 Jun. 2024 Anson Funds Management and Anson Advisors Charged by SEC for Disclosure and Compliance Failures [more]
Matthias Knab, Opalesque: The U.S. Securities and Exchange Commission has charged investment advisers Anson Funds Management, LP and Anson Advisors, Inc. for failing to properly disclose their investment strategy of working with activist short sellers and for related compliance failures. Acc
11 Jun. 2024 Kartesia amasses $1.94bn for second-generation senior debt fund [more]
Laxman Pai, Opalesque Asia: European financing investor Kartesia has closed its second senior debt fund on €1.8bn ($1.94bn), almost double the size of its 2021 debut in the strategy. The fund, Kartesia Senior Opportunities II (KSO II), exceeds the initial target of €1.5 billion, hig
10 Jun. 2024 Guggenheim racks up $1.2bn for private credit fund [more]
Laxman Pai, Opalesque Asia: Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has closed a $1.2bn private credit vehicle led by Apollo S3. The $1.2 billion in the vehicle reflects approximately equal amounts of equity commitments and
09 Jun. 2024 Hedge funds score robust gains in May [more]
Opalesque Industry Update - Hedge funds gained in May as equities recovered the prior month's decline, and as inflationary pressures remained elevated, but investors positioned for interest rate reductions in 2H24. Led by directional Equity Hedge and Event-Driven strategies, the HFRI Fund Weigh
07 Jun. 2024 MFA announces Rob Hailey as Managing Director, Head of EMEA Government Affairs [more]
Opalesque Industry Update - MFA, the trade association for the global alternative asset management industry, today announced Rob Hailey as Managing Director, Head of Europe, Middle East and Africa (EMEA) Government Affairs. Hailey is based in the UK and will lead MFA's London and Brussels offices. A
07 Jun. 2024 Aquiline Capital amasses over $3.4bn across two new funds [more]
Laxman Pai, Opalesque Asia: Aquiline Capital Partners, the private investment specialist focused on financial services and related technologies, has raised more than $3.4 billion for two funds, its fifth private equity fund and a continuation fund. With over $2.3 billion in capital commitmen
06 Jun. 2024 StepStone racks up $3.3bn for the world's largest venture capital secondaries fund [more]
Laxman Pai, Opalesque Asia: The global private markets investment firm StepStone Group announced that it has raised $3.3 billion for StepStone VC Secondaries Fund VI, L.P. (VSF VI), the firm's sixth secondaries fund focused on opportunities in the venture capital asset class. The oversubscrib
05 Jun. 2024 Study reveals North American fund managers focus on passporting for European fund raising [more]
Opalesque Industry Update - North American fund managers plan to create European funds and then use the passport to raise funds in Europe ahead of reverse solicitation and National Private Placement Regimes (NPPR), new research from Ocorian shows. More than two out of five (41%) selected passport
05 Jun. 2024 ITERAM Capital reaches $1bn AUM milestone [more]
Opalesque Industry Update - ITERAM Capital, an alternative asset manager based in Geneva, has recently surpassed one billion dollars in assets under management. Founded in 2015 with a strong hedge funds expertise, ITERAM has rapidly developed its offering with the addition of private debt and v
05 Jun. 2024 Cisco Investments launches $1bn AI fund [more]
Laxman Pai, Opalesque Asia: Cisco Investments, the global corporate venture investment arm of Cisco, launched a $1 billion fund to invest in artificial intelligence (AI) startups to develop AI-powered solutions for networking, security, and observability. As part of the new AI fund, Cisco is
05 Jun. 2024 The seven absolute return UK funds that have always made money [more]
Laxman Pai, Opalesque Asia: Just seven of the 78 targeted absolute return funds in the IA Targeted Absolute Return sector have consistently achieved positive gains in the past three years, said a report. Trustnet, UK's leading investment fund news, looked at the IA Targeted Absolute Retur
04 Jun. 2024 More than half of investors plan to boost alternatives [more]
Laxman Pai, Opalesque Asia: More than half of investors (55%) plan to increase their allocation to alternative investments over the next five years, according to a study. Thirty-five percent of investors indicated they plan to increase alternative-investment allocations based on current marke
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