Alternative investment management companies

TA Associates Announces New Hire in Hong Kong

Sunday, January 24, 2021 - 11:00pm

TA Associates, a leading global growth private equity firm, today announced the hiring of Chris An as a Senior Vice President in the firms Hong Kong office.

Key Points: 
  • TA Associates, a leading global growth private equity firm, today announced the hiring of Chris An as a Senior Vice President in the firms Hong Kong office.
  • View the full release here: https://www.businesswire.com/news/home/20210124005082/en/
    We are very pleased to welcome Chris to TA Associates, said Edward F. Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director and Co-head of Asia operations for TA Associates.
  • Since opening our Hong Kong office nearly 10 years ago, TA has become an established presence in the Asian private equity market, said Brian J. Conway, Chairman of TA Associates.
  • TA has partnered with more than 25 profitable, growing companies across the Asia-Pacific region from its offices in Hong Kong and Mumbai.

RLH Equity Partners Announces New Hires

Thursday, January 21, 2021 - 1:52pm

Yumee Song brings to RLH over a decade of private equity experience, with emphasis in business services and adjacent sectors.

Key Points: 
  • Yumee Song brings to RLH over a decade of private equity experience, with emphasis in business services and adjacent sectors.
  • Ari Adler joins RLH with a broad background in investment banking at Jefferies, principal investing at JMI Equity (a software-focused private equity firm), and corporate strategy.
  • RLH co-founder J. Christopher Lewis commented, "We are excited to welcome these four very talented individuals to the RLH team.
  • RLH Equity Partners is a leading private equity firm that partners with entrepreneurs to help them build distinctive high-growth businesses and realize their aspirations.RLH provides experienced strategic guidance to its portfolio companies while embracing the entrepreneurial spirit of those companies' founders.The RLH investment team, which averages over 15 years of private equity experience, has developed proven processes to enhance organic growth and drive enterprise value.

FundCount Named Best Hedge Fund System in the Bobsguide Awards

Thursday, January 21, 2021 - 1:38pm

This marks the second year in a row for FundCount's win in the hedge fund system category.

Key Points: 
  • This marks the second year in a row for FundCount's win in the hedge fund system category.
  • FundCount improves a firm's operational efficiency by integrating investor and portfolio accounting and a real-time general ledger on a single platform.
  • According to Bobsguide, this year's awards were particularly competitive, with many nominations in each category.
  • "It's a privilege to once again be recognized by Bobsguide as the Best Hedge Fund System."

Ninepoint Partners LP Announces Proposed Fund Merger in 2021

Thursday, January 21, 2021 - 12:39am

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint Partners) announced today that it proposes to merge(theMerger)Ninepoint Concentrated Canadian Equity Fund (the Terminating Fund) into Ninepoint Convertible Securities Fund (the Continuing Fund).

Key Points: 
  • TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint Partners) announced today that it proposes to merge(theMerger)Ninepoint Concentrated Canadian Equity Fund (the Terminating Fund) into Ninepoint Convertible Securities Fund (the Continuing Fund).
  • Following the Merger, pre-authorized purchase plans established for purchases of units of the Terminating Fund will be immediately transferred to the equivalent series of units of the Continuing Fund.
  • The Independent Review Committee has reviewed the potential conflict of interest matters related to the proposed Merger and has provided Ninepoint Partners with a positive recommendation having determined that the Merger, if implemented, will achieve a fair and reasonable result for each of the Terminating Fund and the Continuing Fund.
  • Ninepoint Partners will seek approval for the Merger from unitholders of the Terminating Fund at a special meeting to be held on or about March 12, 2021, and from the applicable securities regulator.

Blue Sage Solutions Announces Investment from Goldman Sachs Growth Equity

Tuesday, January 19, 2021 - 1:00pm

ENGLEWOOD CLIFFS, N.J., Jan. 19, 2021 /PRNewswire/ --Blue Sage Solutions, LLC, developers of the Blue Sage Digital Lending Platform, the mortgage industry's leading browser-based, end-to-end mortgage lending system, announced today that it has closed a financing round from Goldman Sachs Growth Equity, which focuses exclusively on investments in growth stage and technology-driven companies.

Key Points: 
  • ENGLEWOOD CLIFFS, N.J., Jan. 19, 2021 /PRNewswire/ --Blue Sage Solutions, LLC, developers of the Blue Sage Digital Lending Platform, the mortgage industry's leading browser-based, end-to-end mortgage lending system, announced today that it has closed a financing round from Goldman Sachs Growth Equity, which focuses exclusively on investments in growth stage and technology-driven companies.
  • Antoine Munfa, managing director of Goldman Sachs Growth Equity, said, "We are very excited about our investment in Blue Sage Solutions.
  • Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm.
  • As part of MBD, Goldman Sachs Growth Equity is the dedicated growth equity team within Goldman Sachs, with over 25 years of investing history, over $8 billion of assets under management, and 9 offices globally.

Oxford Finance Leads $122 Million Financing for Tarrytown Expocare

Thursday, January 14, 2021 - 3:54pm

Oxford Finance LLC (Oxford), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a $122 million senior credit facility to Tarrytown Expocare (Tarrytown or the Company), a closed-door long-term care pharmacy specializing in serving individuals with intellectual and developmental disabilities (IDD).

Key Points: 
  • Oxford Finance LLC (Oxford), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a $122 million senior credit facility to Tarrytown Expocare (Tarrytown or the Company), a closed-door long-term care pharmacy specializing in serving individuals with intellectual and developmental disabilities (IDD).
  • Oxford originally provided Tarrytown with an $87.5 million senior credit facility in December 2019, which was used to support the recapitalization of the business by Sheridan Capital Partners.
  • Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.
  • In recent years, Oxford has originated over $5 billion in loans, with lines of credit ranging from $5 million to $150 million.

Atlantic Street Capital 2020 Recap Includes Four Platform Investments, 25 Portfolio Company Add-Ons, Hiring of COO, and Relocation to NYC

Thursday, January 14, 2021 - 2:45pm

During 2020, Atlantic Street invested significant capital from its Fund IV to complete four platform investments, including two previously unannounced transactions.

Key Points: 
  • During 2020, Atlantic Street invested significant capital from its Fund IV to complete four platform investments, including two previously unannounced transactions.
  • 2020 Fund IV platform investments include:
    Zips Car Wash, the second largest branded express-only car wash in the United States.
  • Atlantic Street Capital is a private equity firm that invests in lower middle market companies with between $4 million and $15 million in EBITDA.
  • Thefirm is currently making investments in Atlantic Street Capital IV, LP.For more information, visit www.atlanticstreetcapital.com .

FundCount Launches New Website

Thursday, January 14, 2021 - 1:33pm

BOSTON, Jan. 14, 2021 /PRNewswire/ --FundCount, LLC, a worldwide provider of accounting and investment analysis software for family offices, fund administrators, hedge funds and private equity firms, today announced the launch of its new, redesigned website, www.fundcount.com .

Key Points: 
  • BOSTON, Jan. 14, 2021 /PRNewswire/ --FundCount, LLC, a worldwide provider of accounting and investment analysis software for family offices, fund administrators, hedge funds and private equity firms, today announced the launch of its new, redesigned website, www.fundcount.com .
  • The new site was developed to support existing clients and help prospective clients explore the capabilities of FundCount.
  • "Since it is often the first interaction a visitor has with a company, a website could be considered the face of a firm,"said Alex Ivanov, CEO and founder of FundCount.
  • "Our new website is more modern and more sophisticated to better reflect the forward-thinking, innovative vision of FundCount."

Quantile Technologies Secures $51 Million Growth Investment From Spectrum Equity

Thursday, January 14, 2021 - 9:00am

LONDON, Jan. 14, 2021 /PRNewswire/ -- Quantile Technologies (Quantile), a leading provider of portfolio optimisation services for the global financial services market, today announced that it has received a $51 million (38 million) minority investment from Spectrum Equity , a leading growth equity firm focused on Internet-enabled software and information services companies.

Key Points: 
  • LONDON, Jan. 14, 2021 /PRNewswire/ -- Quantile Technologies (Quantile), a leading provider of portfolio optimisation services for the global financial services market, today announced that it has received a $51 million (38 million) minority investment from Spectrum Equity , a leading growth equity firm focused on Internet-enabled software and information services companies.
  • They are making the financial system safer, and we look forward to supporting Quantile's mission-driven and product-led growth," said Parag Khandelwal, Principal at Spectrum Equity.
  • In conjunction with Spectrum's investment, Mike Farrell from Spectrum Equity will join Quantile's Board of Directors.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

Silver Lake Completes $20 Billion Fundraise for SLP VI

Wednesday, January 13, 2021 - 2:25pm

Silver Lake, the global leader in technology investing, announced today that it raised approximately $20 billion for Silver Lake Partners VI, reaching its hard cap for limited partner capital commitments and including more than $500 million from the general partner.

Key Points: 
  • Silver Lake, the global leader in technology investing, announced today that it raised approximately $20 billion for Silver Lake Partners VI, reaching its hard cap for limited partner capital commitments and including more than $500 million from the general partner.
  • In total, Silver Lake now manages approximately $75 billion in combined assets under management and committed capital.
  • Silver Lake's diverse ecosystem of portfolio companies collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally.
  • Silver Lakes portfolio of investments collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally.