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HELPCENTER
09 May. 2023 Mayfield raises nearly $1bn across two funds [more]
Laxman Pai, Opalesque Asia: Silicon Valley early-stage investor Mayfield has raised two funds totaling $955 million targeted for early-stage investment. The Menlo Park-based firm - known as an early backer of such startups as Lyft, Marketo, and Poshmark - announced its $580 million Mayfield XV
08 May. 2023 Neil Chriss joins Paloma as CEO and co-CIO [more]
Opalesque Industry Update - Paloma Partners Management Company, the investment adviser to the Paloma Fund, a multi-strategy hedge fund, announced Neil Chriss, Ph.D., as its new Chief Executive Officer. An experienced hedge fund manager and finance industry leader, Chriss will also serve alongsid
08 May. 2023 Hedge funds shielded investors from market volatility in Q1 2023, equity strategies popular [more]
Laxman Pai, Opalesque Asia: Hedge funds fared well despite the volatility, with single-manager funds, funds of CTAs, alternative mutual funds, UCITS, and funds of hedge funds all in positive territory, quarter on quarter, said Preqin Quarterly Updates Q1 2023. CTAs were the only exception not to
08 May. 2023 HNW investors plan to move 'a lot' of their money [more]
Laxman Pai, Opalesque Asia: Nearly half of all wealth management clients worldwide (44%) are planning to change their provider relationships over the next three years - either by adding a new provider (14%), by moving money to another provider (21%), or by switching providers altogether (9%), sai
08 May. 2023 Farallon urges Exelixis shareholders to vote for nominees [more]
B. G., Opalesque Geneva: It was reported in early April that US hedge fund Farallon Capital Management
07 May. 2023 Hedge funds gain in April amidst bank volatilty [more]
Opalesque Industry Update - Hedge funds posted gains in April as banking turmoil and volatility accelerated throughout the month and extended into May with the closure and distressed acquisition of First Republic Bank. The HFRI 500 Fund Weighted Composite Index advanced +0.4 percent (estimated) in A
05 May. 2023 Hedge fund Nickel Digital's diversified alpha fund beats global hedge fund indices [more]
Opalesque Industry Update - London-based Nickel Digital Asset Management (Nickel), European digital assets hedge fund manager, has delivered a strong performance in its multimanager Diversified Alpha Fund. The firm was founded over four years ago by alumni of Bankers Trust, Goldman Sachs and JPMorga
05 May. 2023 Pictet alternatives arm raises $2.5bn across two new funds [more]
Laxman Pai, Opalesque Asia: Pictet Alternative Advisors (PAA), the alternative investment specialist of Pictet Asset Management, has closed two private equity strategies after raising $2.5bn. The European alternative investment firm announced the closing of its private equity flagship Monte R
05 May. 2023 Picton Mahoney launches inflation opportunities alternative fund [more]
B. G., Opalesque Geneva: Picton Mahoney Asset Management has launched the new Picton Mahoney Fortified Inflation Opportunities Alternative Fund, which will offer three classes of units to the Canadian public. It is
04 May. 2023 Increasing wealth drives family office focus on philanthropy and succession plans [more]
Opalesque Industry Update - Rising wealth managed by family offices is driving an increase in philanthropy and putting a spotlight on succession planning, according to new global research from Ocorian, the global provider of services to high net-worth individuals and family offices, financial instit
04 May. 2023 Financial advisors see best opportunity for bonds in 15 years [more]
Opalesque Industry Update - After 10 interest rate hikes over the past year, and with the federal funds target rate at a 15-year high, 86% of financial advisors agree that bond yields are back. In fact, 89% say this is the best yield opportunity they have seen in years, with 69% also saying this is
04 May. 2023 Investindustrial strikes $1.2bn hard cap to close third lower mid-market fundraise [more]
Laxman Pai, Opalesque Asia: European buyout house Investindustrial has held a final close for its third lower-mid-market fund, Investindustrial Growth Fund III, on EUR 1.1bn ($1.2bn). The fund closed EUR 100m above its target, said a press release from the global private equity firm focused
04 May. 2023 The public markets are shrinking; Take-private deals take center stage [more]
Laxman Pai, Opalesque Asia: Take-private deals take center stage amid continued macro volatility as the public markets are shrinking, said a study. According to the latest private equity report from Ernst & Young, private equity firms are taking public companies private at a frantic pace. To
03 May. 2023 Securities Commission of The Bahamas opens consultation period for DARE Bill 2023 [more]
Opalesque Industry Update - Securities Commission of The Bahamas (the Commission) published the Digital Assets and Registered Exchanges (DARE) Bill 2023 for consultation. The DARE Bill 2023 expands the definition and list of digital asset business activities and includes robust consumer and investo
03 May. 2023 PGIM to buy a majority stake in Deerpath [more]
Laxman Pai, Opalesque Asia: PGIM, the $1.2 trillion global investment management business of Prudential Financial, will acquire a majority interest in U.S. private credit and direct lending manager Deerpath Capital Management. With over $5 billion in assets under management, Deerpath Capital
03 May. 2023 Value of private equity co-investments up 39% YOY in 1Q [more]
Laxman Pai, Opalesque Asia: The value of private equity co-investments involving sovereign wealth funds (SWFs), pension managers, corporate investors, and family offices increased nearly 39% year over year in the first quarter to $42.3 billion, said a study. Sovereign wealth funds are taking
02 May. 2023 VC investment in Asia dropped from $25.5bn across 2,799 deals to $13.5bn across 1,773 deals between Q4'22 and Q1'23 [more]
Laxman Pai, Opalesque Asia: VC investment in Asia fell from $25.5 billion in Q4'22 to just $13.5 billion in Q1'23-the lowest quarter of VC investment seen in the region since Q2'15. According to KPMG Private Enterprise's Venture Pulse report the quarter was challenging from multiple angles
02 May. 2023 Brevan Howard cuts Commonwealth strategy [more]
Bailey McCann, Opalesque New York: Brevan Howard Asset Management has ended a relationship with US hedge fund firm Commonwealth Asset Management after a money pool it advised on suffered losses last month. Bloomberg
30 Apr. 2023 O'Melveny adds McKenna as partner [more]
Opalesque Industry Update - O'Melveny announced today that versatile M&A and private equity lawyer Brian F. McKenna has joined the firm's New York office as a partner in its Mergers & Acquisitions Practice Group, further strengthening O'Melveny's transactional capabilities in the world's most active
28 Apr. 2023 Genstar Capital closes 11th flagship fund at $12.6bn hard cap [more]
Laxman Pai, Opalesque Asia: Genstar Capital announced the first and final close of its latest fund, Genstar Capital Partners XI, at its $12.6 billion hard cap. The middle-market private equity firm said in a media release that in addition, Genstar raised committed overage capacity from select
28 Apr. 2023 TPG raises $3.4bn for tech fund [more]
Laxman Pai, Opalesque Asia: Global alternative asset management firm TPG Global has announced the final close of its second tech-focused fund at $3.4 billion. The US-based private equity major said in a press release that the strategy dedicated to providing flexible capital solutions to the te
27 Apr. 2023 Castlelake appoints co-CEOs [more]
Opalesque Industry Update - Castlelake, L.P., a global alternative investment manager specializing in asset-based private credit, today announced that Evan Carruthers, Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O'Neill, who has a
27 Apr. 2023 Blackfinch Asset Management launches tailored portfolio service [more]
Opalesque Industry Update - Blackfinch Asset Management has launched a new service that aims to offer more attractive and flexible investment solutions for financial advisors. The Blackfinch Tailored Portfolio Service (TPS) builds on the benefits of a Managed Portfolio Service (MPS), by adding a
27 Apr. 2023 Orangewood Partners adds to team [more]
Opalesque Industry Update - Orangewood Partners, a long-term focused private investment firm, today announced it has bolstered its operational leadership team with the additions of Jake Brewer as Managing Director of Operations and Chuck Sonsteby as an Operating Partner. Mr. Brewer is Orangew
27 Apr. 2023 Investors withdraw from hedge funds in February [more]
Opalesque Industry Update - After gulping fresh lungfuls of air in January, many hedge fund managers found themselves pushed underwater again in February by the boots of exiting limited partners. Hedge fund investors extracted -$11.58 billion during the month, causing a -0.23% contraction of industr
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