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HELPCENTER
26 Jan. 2024 Benefit Street Partners closes fifth fund on $4.7 billion [more]
Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun
25 Jan. 2024 Foldenauer joins Optima Partners as Director [more]
Opalesque Industry Update - Optima Partners, a leading global regulatory compliance and risk management advisory firm, announced today that Michele Foldenauer, who served as an Senior Securities Examiner and most recently an Exam Manager in the Private Funds Unit of the Securities and Exchange Commi
25 Jan. 2024 Craven joins Summit Leadership Partners as a partner [more]
Opalesque Industry Update - Summit Leadership Partners, a high growth leadership advisory firm in the U.S., is pleased to announce the hiring of Lisa Craven as Partner, Private Equity. In this position, Lisa will play a key role in overseeing Summit's private equity expansion, client excellence,
25 Jan. 2024 Star Mountain Capital adds to secondaries team [more]
Opalesque Industry Update - Star Mountain Capital, LLC, a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Ravi Ugale has joine
25 Jan. 2024 Launchbay Capital reaches first close on VC secondary fund [more]
Opalesque Industry Update - Launchbay Capital, a leading multi-stage investment firm committed to creating liquidity in the venture ecosystem, today announces the first close of its new $100m VC secondary growth fund with over 25% committed by a group of early investors. This also marks a strategic
25 Jan. 2024 Pantheon adds to investment team [more]
Opalesque Industry Update - Pantheon, a leading global private markets investor, is pleased to announce three senior promotions as part of its annual promotion round, enhancing leadership in the firm's Investment and Investor Relations teams. David Elliott is promoted to Partner in Pantheon'
25 Jan. 2024 Houlihan Lokey snags Hommeyer for capital markets [more]
Opalesque Industry Update - Houlihan Lokey, Inc., the global investment bank, announced today that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Hommeyer will spearhead a new syndicate function that focuses on expanding the firm's investor co
25 Jan. 2024 Crypto hedge fund AUM jumped in Q4 2023 to $15.2bn [more]
Laxman Pai, Opalesque Asia: From September to December 2023, crypto hedge funds grew their total AUM by +41.62% from $10.75b to $15.22b, said a report. According to the '2024 Institutional Crypto Hedge Fund & Venture Report', by Galaxy, though crypto-dedicated liquid hedge fund AUM pic
24 Jan. 2024 Arcmont attracts $10.9bn for European direct lending fund [more]
Laxman Pai, Opalesque Asia: European private debt investor Arcmont Asset Management has held a final close of its latest direct lending fund, gathering €10 billion ($10.9 billion) of investible capital. The Direct Lending Fund IV (DLF IV) now represents one of the largest Direct Lending
24 Jan. 2024 TRS / ERS to connect asset allocators and Emerging Managers in a virtual environment [more]
Laxman Pai, Opalesque Asia for New Managers: The Teacher Retirement System of Texas (TRS) and Employees Retirement System of Texas (ERS) announced the Emerging Manager Conference which is designed to connect asset
23 Jan. 2024 Gibson Dunn files reply brief in lawsuit against the SEC regarding private fund adviser rule [more]
Opalesque Industry Update - Gibson, Dunn & Crutcher LLP filed the reply brief on behalf of the National Association of Private Fund Managers, Alternative Investment Management Association Ltd., American Investment Council, Loan Syndications and Trading Association, MFA, and National Venture Capital
23 Jan. 2024 Wynnchurch closes sixth fund on $3.5 billion [more]
Bailey McCann, Opalesque New York: Rosemont, Illinois based private equity firm Wynnchurch Capital has closed its sixth fund on $3.5 billion. The fund beat its $3 billion target. Wynnchurch was in market for just five months with the fund - a quick turnaround in a fundraising environment that
22 Jan. 2024 Hedge fund capital surges beyond the historic $4tn milestone to begin 2024 [more]
Opalesque Industry Update - Hedge fund capital surged beyond the historic $4 trillion milestone to begin 2024, with investors remaining focused on inflation, higher interest rates, and macroeconomic uncertainty, but increasingly much more focused on uncertain geopolitical risk and acceleration in M&
22 Jan. 2024 Hedge funds deliver strong returns in 2023, boosted by a very positive month of December [more]
Opalesque Industry Update - According to data compiled by the hedge fund research company Eurekahedge, nearly all hedge fund strategies delivered strong returns in 2023. As at 22 January 2023, 1780 funds reported to Eurekahedge their returns for the entire year of 2023, and such data provided insigh
22 Jan. 2024 Global VC investment fell from $531bn in 2022 to $344bn in 2023, the lowest level since 2019 [more]
Laxman Pai, Opalesque Asia: Amidst a thematic backdrop of geopolitical, macro-economic, and other challenges, global venture capital (VC) investment sank from $531.4 billion across 51,894 deals in 2022 to $344 billion across 37,808 deals in 2023, said a study. According to the Q4'23 editio
22 Jan. 2024 Insurers expect to increase allocations to alternative asset classes [more]
B. G., Opalesque Geneva: Insurance companies have historically taken a cautious stance when it comes to investing in alternatives often due to a lack of a clear consensus, both in terms of
22 Jan. 2024 Absolute return strategy capitalised on gold's ups and downs in 2023 [more]
B. G., Opalesque Geneva: 2023 was a year that saw gold trade between $1,810 and $2,080 but spent much of its time fluctuating through a $100 range of $1,890 and $1,990. The CrossBorder Kintore XAU/FX capitalised on the metal&
19 Jan. 2024 2023: A record year for the acquisition of alternative credit managers [more]
Opalesque Industry Update - 2023 was a record year for the acquisition of alternative credit managers. The report 'Alt Credit Manager Acquisitions: 2023 Annual Review' is our annual review of these acquisitions, including statistics on transaction volume, preferred target investment capabili
19 Jan. 2024 Removal of the Cayman Islands from the EU AML List and UK AML List [more]
Opalesque Industry Update - Following the removal of the Cayman Islands from the Financial Action Task Force's list of jurisdictions under increased monitoring in October 2023, on 7 February 2024 the Cayman Islands will also be removed from the EU list of third-country jurisdictions which have s
19 Jan. 2024 Canada's AGF acquires majority stake in Kensington Capital Partners [more]
B. G., Opalesque Geneva: AGF Management Ltd has signed definitive agreement to acquire a majority interest
18 Jan. 2024 Pantheon amasses $5.3bn for its largest secondaries-focused fund to date [more]
Laxman Pai, Opalesque Asia: Global private market investor Pantheon has completed its largest fundraise to date, securing $5.3 billion for its secondaries-focused infrastructure program, Pantheon Global Infrastructure Fund IV, and associated vehicles (PGIF IV). PGIF IV's investors include publ
17 Jan. 2024 KSL wraps up its fourth credit fund at a hard cap of $1.26bn [more]
Laxman Pai, Opalesque Asia: Travel-focused PE shop KSL Capital Partners has completed fundraising for its latest private equity fund after securing $1.26 billion of commitments from partners. The travel and leisure-focused private equity firm said in a media release that the fund, called KSL C
17 Jan. 2024 General Atlantic to buy UK infrastructure investment firm Actis [more]
Laxman Pai, Opalesque Asia: General Atlantic, the New York-based growth equity firm with $83 billion in assets under management (AUM), has agreed to acquire Actis, a London-based energy infrastructure investor with investments in Africa, marking another instance of investors showing confidence in
16 Jan. 2024 Serafin Asset Management launches Diversified Arbitrage fund [more]
Opalesque Industry Update - Zug-based Serafin Asset Management AG launches the Serafin Diversified Arbitrage Fund and expands its investment team in Switzerland. Before joining Serafin Asset Management AG, Jonathan Stanford and Roberto Bottoli worked at GAM Investments. Jonathan Stanford worked
16 Jan. 2024 Global M&A set for a rebound in 2024 after a tough year [more]
Laxman Pai, Opalesque Asia: After a tough 12 months, the global M&A deals are poised for disruption in 2024 remains considerable, exacerbated by a packed election calendar and a complex regulatory landscape raising more hurdles, scrutiny, and longer timetables to complete deals, said a study.
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