Alternative investment management companies

First Eagle Senior Loan Fund Declares Monthly Distribution of $0.08 Per Share

Wednesday, August 12, 2020 - 1:30pm

The Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, LLC.

Key Points: 
  • The Fund is a diversified, closed-end management investment company that is advised by First Eagle Alternative Credit, LLC.
  • First Eagle Alternative Credit is a wholly-owned subsidiary of First Eagle Investment Management, LLC.
  • First Eagle Senior Loan Fund undertakes no duty to update any forward-looking statements made herein.
  • Contact the Fund at 1.844.409.6354 or visit the Funds website at http://feacfslf.com for additional information.

PGIM Investments and iCapital Network® Announce Partnership to Enhance Access to Alternatives

Wednesday, August 12, 2020 - 12:35pm

The new partnership with PGIM Investments will streamline distribution and access, ease operational burdens, and improve the user experience, empowering the advisor community to provide the highest level of service to their clients.

Key Points: 
  • The new partnership with PGIM Investments will streamline distribution and access, ease operational burdens, and improve the user experience, empowering the advisor community to provide the highest level of service to their clients.
  • PGIM has a long history of managing alternative asset classes which have traditionally been offered to the firms institutional clients, said Stuart Parker, President and CEO of PGIM Investments.
  • PGIM is the third-largest2 alternatives manager globally, with approximately $235 billion in AUM3 across private real estate debt and equity, private credit, hedge fund and infrastructure products.
  • As of June 30, 2020, iCapital Network services more than $52 billion in client assets across 497 funds.

Artisan Partners Asset Management Inc. Reports July 2020 Assets Under Management

Tuesday, August 11, 2020 - 9:17pm

1 Separate account AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds.

Key Points: 
  • 1 Separate account AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds.
  • Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world.
  • Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes.
  • Source: Artisan Partners Asset Management Inc.

Pravati Capital Launches Fifth Specialized Litigation Finance Fund with $200 Million

Tuesday, August 11, 2020 - 1:00pm

PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.

Key Points: 
  • PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.
  • Pravati Investment Fund V (Fund V) will allow for the first time non-US and US-tax exempt international qualified investors the opportunity to invest in a specialized litigation finance alternative investment vehicle.
  • The firm's focus remains to invest in non-correlated assets with limited risk independent of the economic cycles offered by the growing litigation finance sector.
  • "We are pleased to offer Fund V as an alternative investment vehicle in the litigation finance sector.

Firsthand Technology Value Fund Announces Second Quarter Financial Results, NAV of $14.70 per share

Monday, August 10, 2020 - 9:15pm

For the three months ended June 30, 2020, the Fund reported investment income of approximately $922 thousand.

Key Points: 
  • For the three months ended June 30, 2020, the Fund reported investment income of approximately $922 thousand.
  • The Fund reported a net realized and unrealized gain on investments, net of deferred taxes, of approximately $21.3 million for the quarter.
  • Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies.
  • Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies.

Pioneer Floating Rate Trust Sends Letter to Shareholders

Friday, August 7, 2020 - 2:15pm

Pioneer Floating Rate Trust (NYSE: PHD), a registered closed-end investment fund (the Fund), today announced that, in connection with its upcoming 2020 Annual Meeting of Shareholders to be held on September 16, 2020, the Fund is sending the following letter to shareholders:

Key Points: 
  • Pioneer Floating Rate Trust (NYSE: PHD), a registered closed-end investment fund (the Fund), today announced that, in connection with its upcoming 2020 Annual Meeting of Shareholders to be held on September 16, 2020, the Fund is sending the following letter to shareholders:
    Dear Pioneer Floating Rate Trust Shareholder,
    We are writing to you regarding this years upcoming Annual Meeting of Shareholders, which as we noted in our last letter, will be a critical one for the future of the Fund and your vote could have a significant impact on your investment and the ability of the Fund to remain viable and meet its investment objective.
  • Saba is also seeking to terminate the Funds investment advisory agreement with Amundi Pioneer Asset Management, Inc.
  • We believe that Sabas proxy contest, and what we believe to be its ultimate objective, ignores the Funds stated investment objective and why our long-term shareholders invested in the Fund.
  • Copies will also be available free of charge at the Funds website at https://www.amundipioneer.com/us , by writing to the Funds Secretary at Pioneer Floating Rate Trust, 60 State Street, Boston, Massachusetts 02109, or by contacting the Funds investor relations department at 1.800.859.8508.

As Cyber Risks Increase for Private Equity, Performance Improvement Partners, an Erie Street Company, Launches Cybersecurity Guide for the Private Equity Sector

Thursday, August 6, 2020 - 1:00pm

PIP created this new guide to help private equity firms protect themselves and their stable of portfolio companies against the increasing cyber risks they face today.

Key Points: 
  • PIP created this new guide to help private equity firms protect themselves and their stable of portfolio companies against the increasing cyber risks they face today.
  • With private equity firms currently holding $2.5 trillion in dry powder across funds globally, the sector has quickly become a ripe target for cyber criminals.
  • To download The 2020 Private Equity Guide to Cybersecurity: New Risks, Responsibilities, and Remediation Strategies, see here .
  • Performance Improvement Partners, an Erie Street Company, is America's leading technology solutions company dealing exclusively within the private equity industry.

Blackstone / GSO Announces Update to Closed-End Fund Portfolio Management Team

Monday, August 3, 2020 - 11:45am

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO") and the investment adviser of Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"), announced today that Robert Post has been added as a portfolio manager of the Funds, effective August 1, 2020.

Key Points: 
  • NEW YORK, Aug. 3, 2020 /PRNewswire/ -- GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO") and the investment adviser of Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"), announced today that Robert Post has been added as a portfolio manager of the Funds, effective August 1, 2020.
  • Robert Zable will remain the lead portfolio manager of the Funds, and Gordon McKemie will remain a portfolio manager of the Funds.
  • Mr. Post is a Principal and a portfolio manager at GSO with nine years of industry experience.
  • There will be no change to the Funds' strategies, investment objectives, or policies as a result of this addition to the portfolio management team.

EnTrust Global Completes Reacquisition of Legg Mason’s Interest

Friday, July 31, 2020 - 10:38pm

EnTrust Global (EnTrust), a leading alternative asset management firm, announced today that it has completed its return to an independent, private company after closing on the previously reported transaction with Franklin Resources, Inc. (NYSE: BEN), pursuant to which it reacquired the 65% interest that Legg Mason, Inc. (NYSE: LM) held in EnTrust.

Key Points: 
  • EnTrust Global (EnTrust), a leading alternative asset management firm, announced today that it has completed its return to an independent, private company after closing on the previously reported transaction with Franklin Resources, Inc. (NYSE: BEN), pursuant to which it reacquired the 65% interest that Legg Mason, Inc. (NYSE: LM) held in EnTrust.
  • EnTrust has also raised more than $400 million for its Blue Sky strategy, which launched in April for investment in the global aviation industry.
  • EnTrust Global is a leading alternative asset management firm with $18.2 billion in total assets* as of June 30, 2020.
  • EnTrust Global offers a diverse range of alternative investment opportunities across strategies, including private debt and real assets as well as core hedge funds and co-investments.

Kayne Anderson Capital Advisors Launches Kayne Anderson Renewable Infrastructure Fund

Friday, July 31, 2020 - 2:30pm

Kayne Anderson Capital Advisors, L.P. (Kayne), a leading alternative asset management firm with over $30 billion under management, has launched the Kayne Anderson Renewable Infrastructure Fund (KARIX), a registered, open-end mutual fund offering daily liquidity.

Key Points: 
  • Kayne Anderson Capital Advisors, L.P. (Kayne), a leading alternative asset management firm with over $30 billion under management, has launched the Kayne Anderson Renewable Infrastructure Fund (KARIX), a registered, open-end mutual fund offering daily liquidity.
  • The fund is the latest expansion of Kaynes renewable investing platform which includes investment strategies in both public and private renewable infrastructure.
  • The Kayne Anderson Renewable Infrastructure Fund seeks total return through a combination of current income and capital appreciation.
  • About Kayne Anderson Capital Advisors, L.P.
    Kayne Anderson Capital Advisors is a leading alternative investment management firm focused on infrastructure, real estate, credit and private equity.