Diversity at Private Equity Firms, Hedge Funds To See A Boost This Summer

The National Association of Investment Companies (NAIC) today announced the inaugural cohort of its new Paradigm Changers internship program for graduate and undergraduate students focused on introducing diverse women from non-traditional fields of study to the alternative investments industry. The internship program was created by NAIC to create a pipeline of women of color in […]

Hedge Funds Push Deeper Into Private Equity’s Turf in Asia

Asian hedge fund firms are pouring hundreds of millions of dollars into private investments as they seek higher returns, muscling into an area that has long been the preserve of private equity and venture capital. Aspex Management, Tybourne Capital Management, Anatole Investment Management and Lake Bleu Capital, which are based in Hong Kong and between […]

illimity closes illimity Credit & Corporate Turnaround Fund

illimity SGR has completed the first closing of the illimity Credit & Corporate Turnaround Fund (iCCT), a contribution fund dedicated to investments in Unlikely To Pay (UTP) loans to SMEs with revival and relaunch prospects. The initial portfolio consists of loans for a gross total of over EUR200 million made to 33 companies operating in […]

Brevan Howard Builds $50 Billion Unit Like BlackRock’s Aladdin

Brevan Howard is making money for its billionaire co-founder Alan Howard and other partners through more than just hedge fund fees. The investment firm best known for running macro trading strategies has persuaded the likes of SoftBank Group Corp., hedge fund Penso Advisors and 15 others to use its high-tech operational infrastructure that once only […]

KLAR Partners closes debut fund at EUR600m hard cap

KLAR Partners (KLAR) has held the final closing of its debut fund, KLAR Partners I (KLAR I), at its hard cap of EUR600 million The fund is one of the largest European first-time funds raised in the last 10 years and by far the largest raised during the Covid-19 pandemic. The Fund was significantly oversubscribed […]

State and private equity-backed Irish SME fund closes out at €135m

MML’s latest fund includes backing from Isif, AIB and Cigna A private equity company that invests in Irish SMEs has closed out its latest fund at €135 million, after receiving backing from State and private investors. MML Growth Capital Partners, led by its partners Rory Quirke and Neil McGowan, attracted investment for its Fund 2 […]

Medtech startup GyroGear raises USD4.3m in Phase One of Seed Round

UK-based neuromuscular medical device company, GyroGear Ltd has just concluded phase one of its seed round fundraise. The round was led by electronics manufacturer Foxconn Technology Group which invested GBP1 million (USD1.41 million) upfront Participants in GyroGear’s seed round include the UK Government Future Fund, Singapore venture builder Fidelium Group, and other established strategic investors […]

Bill Ackman’s Pershing Square hedge fund reports record 2020 returns

Activist hedge fund manager William Ackman, whose bets on companies are closely watched, updated investors on how his flagship fund earned a record 70.2% return in 2020 on Thursday in a socially distanced way by sending out a 57-page presentation. Normally this would be one of the rare occasions where investors could pepper the billionaire […]

David O. Page Joins DC Capital Partners

ALEXANDRIA, Va., Jan. 19, 2021 /PRNewswire/ — DC Capital Partners, a leading middle market, private equity firm focused on the Government and Engineering markets, announced today that David O. Page has joined the firm as Partner. Mr. Page brings both operating and investment acumen to the DC Capital team. His unique background and experience will […]

Maneesh Dangi, A Top Fund Manager Is Turning Bullish on Riskier Indian Debt

(Bloomberg) — One of India’s top fund managers is turning bullish on higher-yielding rupee corporate bonds based on the view that the nation’s recovery will outpace the consensus estimate of economists. Maneesh Dangi, who oversees $25 billion of debt assets at Aditya Birla Sun Life AMC Ltd., expects India’s economy to expand by 13% in […]