Alternative investment management companies

DGAP-News: Solvium Capital launches SICAV for German Institutional Investors

Retrieved on: 
Tuesday, July 6, 2021
Finance, Money, Economy, Investment, Financial markets, Alternative investment, Institutional Investor, Investor, Specialized investment fund, Alternative investment management companies, Aquila Capital

In May 2021, Solvium Capital established a SICAV under Liechtenstein law to serve as an alternative investment fund manager (AIFM) for institutional investors in the asset class infrastructure.

Key Points: 
  • In May 2021, Solvium Capital established a SICAV under Liechtenstein law to serve as an alternative investment fund manager (AIFM) for institutional investors in the asset class infrastructure.
  • A first sub-fund of 20 million Euros has already been established exclusively for a Swiss institutional investor.
  • In the next step, Solvium Capital plans to offer investments in additional sub-funds to German pension funds, pension schemes and foundations.
  • Solvium Capital Group is a provider and manager of solid and innovative investments for private and professional investors in the logistics sector.

Highland Global Allocation Fund Declares Monthly Distributions of $0.071 Per Share

Retrieved on: 
Thursday, July 1, 2021
Finance, Money, Investment, Highland Capital Management, Investment management, Highland Capital, Institutional investors, Investment funds, Alternative investment management companies, Fund of funds, Do-it-yourself investing

As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the Level Distribution Policy may be affected.

Key Points: 
  • As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the Level Distribution Policy may be affected.
  • The Highland Global Allocation Fund (HGLB) (NYSE:HGLB) is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. For more information visit www.highlandfunds.com/global-allocation-fund .
  • About Highland Capital Management Fund Advisors, L.P.
    Highland Capital Management Fund Advisors, L.P. is an SEC-registered investment adviser.
  • Investors should consider the investment objectives, risks, charges and expenses of the Highland Global Allocation Fund carefully before investing.

Highland Income Fund Announces the Regular Monthly Distribution

Retrieved on: 
Thursday, July 1, 2021
Finance, Investment, Money, Investment funds, Highland Capital Management, Highland Capital, Closed-end fund, Institutional investors, Alternative investment management companies, Lone Star Funds, Exchange-traded fund

DALLAS, July 01, 2021 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (HFRO or the Fund) today announced its regular monthly distribution on its common stock of $0.0770 per share.

Key Points: 
  • DALLAS, July 01, 2021 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (HFRO or the Fund) today announced its regular monthly distribution on its common stock of $0.0770 per share.
  • The Fund is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. (the Manager).
  • The Highland Income Fund (NYSE:HFRO) is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. For more information visit www.highlandfunds.com/income-fund/
    About Highland Capital Management Fund Advisors, L.P.
    Highland Capital Management Fund Advisors, L.P. is an SEC-registered investment adviser.
  • Investors should consider the investment objectives, risks, charges and expenses of the Highland Income Fund carefully before investing.

KKR Grows Global Private Credit Team with New Senior Hires

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Finance, Money, Investment, Alternative investment management companies, Equity securities, Kohlberg Kravis Roberts, Private equity, Hedge fund, Publicly traded private equity

KKR, a leading global investment firm, today announced the appointments of Giacomo Picco and Stephanie Yeh as Managing Directors on the firms global private credit team based in New York.

Key Points: 
  • KKR, a leading global investment firm, today announced the appointments of Giacomo Picco and Stephanie Yeh as Managing Directors on the firms global private credit team based in New York.
  • We are delighted to welcome two new talented leaders to our team as we continue to grow our private credit platform, said Dan Pietrzak, Partner at KKR.
  • KKRs global credit business has approximately $165 billion of assets under management as of March 31, 2021, including approximately $58 billion within its overall private credit platform.
  • KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.

Medalist Partners Accelerates the Buyout of Minority Partner in its CLO Platform; Incorporates ESG Mandate for Future CLOs

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Alternative investment management companies, Investment management, Loans

Medalist has further announced the formal incorporation of ESG criteria into its future CLO investment mandates on the platform.

Key Points: 
  • Medalist has further announced the formal incorporation of ESG criteria into its future CLO investment mandates on the platform.
  • We are excited to exercise the buyout of JMPs remaining ownership stake ahead of schedule, said Greg Richter, CEO of Medalist Partners.
  • JMP has been a great partner in the CLO business and we thank them for their support.
  • Medalist Partners is an alternative investment manager with approximately $2 billion in AUM across strategies in asset-based private credit, structured credit and CLOs.

Entera Announces $32M Series A Fundraise Led by Goldman Sachs Asset Management

Retrieved on: 
Wednesday, June 30, 2021
Data management, Technology, Residential Building & Real Estate, Other Technology, Construction & Property, REIT, Finance, Money, Economy, Goldman Sachs, Subprime mortgage crisis, Alternative investment management companies, Private equity, Private-equity firm, Private equity in the 2000s, Entera, Goldman Sachs Asset Management Growth Equity, ENTERA, GOLDMAN SACHS ASSET MANAGEMENT GROWTH EQUITY

Entera, the leading platform for single-family real estate investors, announced today that it raised $32 million in Series A funding led by Goldman Sachs Asset Management with participation from existing investors including Bullpen Capital, Craft Ventures and Valuestream Ventures.

Key Points: 
  • Entera, the leading platform for single-family real estate investors, announced today that it raised $32 million in Series A funding led by Goldman Sachs Asset Management with participation from existing investors including Bullpen Capital, Craft Ventures and Valuestream Ventures.
  • Single family residential is one of the last frontiers for institutionalization, said Paul Pate, a Vice President in the Growth Equity business within Goldman Sachs Asset Management.
  • Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.
  • Since 2003 the Growth Equity business within Goldman Sachs Asset Management comprising more than 75 individuals has invested over $13 billion in companies led by visionary founders and CEOs.

RLJ Equity Partners and LP First Capital Announce a New Platform with the Recapitalization of Three Companies in the HVACR and Plumbing Industries

Retrieved on: 
Wednesday, June 30, 2021
Finance, Money, Equity securities, Financial markets, RLJ Companies, Alternative investment management companies, Private equity, Private-equity firm, Equity

RLJ and LPFC are actively seeking to partner with additional HVACR and plumbing businesses primarily in the Southeast.

Key Points: 
  • RLJ and LPFC are actively seeking to partner with additional HVACR and plumbing businesses primarily in the Southeast.
  • About RLJ Equity Partners ("RLJ"): Headquartered in Bethesda, MD, RLJ Equity Partners is a middle-market private equity firm with approximately $440 million in capital under management focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams.
  • RLJ Equity Partners is a portfolio company of The RLJ Companies.
  • About LP First Capital ("LPFC"): Headquartered in Austin, TX, LP First Capital is a lower middle-market private equity firm focused on the healthcare, business services and education industries.

Jensen Investment Management Appoints Kevin Walkush as Head of ESG

Retrieved on: 
Wednesday, June 30, 2021
Banking, Professional services, Finance, Ethical investment, Finance, Money, Economy, Investment management, Ethical banking, Environmentalism, Alternative investment management companies, Environmental, social and corporate governance, ESG Quant

Jensen Investment Management, a 100% employee-owned active equity investment management firm, today announced the appointment of Kevin Walkush as head of its Environmental, Social and Governance (ESG) initiatives.

Key Points: 
  • Jensen Investment Management, a 100% employee-owned active equity investment management firm, today announced the appointment of Kevin Walkush as head of its Environmental, Social and Governance (ESG) initiatives.
  • We are thrilled to appoint Kevin as the head of ESG for Jensen.
  • Kevin joined Jensen in 2007 as a Portfolio Manager and is a voting member of the Investment Committee.
  • Jensen Investment Management is a high-conviction, active equity manager with an unwavering commitment to quality.

Genstar Capital and TA Associates Announce Agreement to Merge Compusoft and 2020

Retrieved on: 
Wednesday, June 30, 2021
Banking, Professional services, Finance, Finance, Money, Genstar Capital, Investment, Genstar, Alternative investment management companies, Private equity, TA Associates, Private-equity firm, Compusoft, 2020 Technologies Inc., TA Associates, Genstar Capital, COMPUSOFT, 2020 TECHNOLOGIES INC., TA ASSOCIATES, GENSTAR CAPITAL

Compusoft is a portfolio company of TA Associates, a leading global growth private equity firm that invested in Compusoft in 2018.

Key Points: 
  • Compusoft is a portfolio company of TA Associates, a leading global growth private equity firm that invested in Compusoft in 2018.
  • 2020 is a portfolio company of Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries that recently acquired 2020.
  • This growth has helped further position Compusoft as a leader, well-suited for what we believe will be a value-enhancing combination with 2020.
  • Eli Weiss, Managing Director at Genstar Capital, said, The combination of Compusoft and 2020 is a merger of equals by which there will be a number of benefits.

Statement from Davidson Kempner regarding Qiagen

Retrieved on: 
Wednesday, June 30, 2021
Finance, Money, Financial markets, Investment, Hedge funds, Alternative investment management companies, Institutional investors, Davidson Kempner Capital Management, Corporate finance, Arbitrage, Valuation, Qiagen

This has created a credibility issue that is currently reflected in Qiagen's steep valuation discount to peers and its own historic multiples, and negatively impacts the business.

Key Points: 
  • This has created a credibility issue that is currently reflected in Qiagen's steep valuation discount to peers and its own historic multiples, and negatively impacts the business.
  • Qiagen AGMs typically record 95%+ votes in favour of the reappointment of Board members, unless there have been specific concerns.
  • Davidson Kempner Capital Management LP is a global institutional alternative asset management firm, founded in 1983, with over 400 team members and approximately $37.7 billion in assets under management (estimate as of 1 June, 2021).
  • The Firm's investment strategies include Distressed, Merger Arbitrage, Long/Short Equities, Convertible Arbitrage and Long/Short Credit.