Private equity fund

Institutional Investors’ Enthusiasm Grows for Innovative Private Equity Fund

Retrieved on: 
Tuesday, January 9, 2024
Endowment, Investment, Private equity fund, British Virgin Islands, Private equity, Insurance, Fund, Environment, COVID-19, Equity, Capital, Family, GDP, Security (finance)

Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.

Key Points: 
  • Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.
  • Introducing GDP Capital's PE-BOND Fund LP, one of Private Equity's latest offerings poised to make waves on the international stage.
  • Here's why it stands out:
    A Private Equity structure fortified with the security of a bond.
  • This unique investment Fund, set to launch in January 2024, is spearheaded by GDP Capital Limited, a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC).

Ultimus LeverPoint Seizes Top Award at Industry Ceremony

Retrieved on: 
Tuesday, December 5, 2023
Accounting, Data management, Human back, Global Custodian, ETF, Private equity fund, Algorithm, API, Ultimus, Financial adviser

CLIFTON PARK, N.Y., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Ultimus LeverPoint Private Fund Solutions (Ultimus LeverPoint), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is honored to announce it received the top industry award at the 2023 Global Custodian Industry Leaders Awards dinner held in New York recently.

Key Points: 
  • CLIFTON PARK, N.Y., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Ultimus LeverPoint Private Fund Solutions (Ultimus LeverPoint), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is honored to announce it received the top industry award at the 2023 Global Custodian Industry Leaders Awards dinner held in New York recently.
  • The awards ceremony independently recognizes the achievements of service providers in the fund administration industry whose quality of services exceeds their peers.
  • Ultimus LeverPoint secured the most prestigious award:
    This is the third year in a row Ultimus LeverPoint private equity clients participated in the independently administered survey and the third year the firm has received the Private Equity Fund Administrator of the Year award.
  • Ultimus LeverPoint’s, EVP Client Relationship Officer, Kelly Gooch says, “We are honored to receive this award and recognize our need to earn our clients’ trust every day.

Ultimus Collects Prestigious Awards at Industry Ceremony

Retrieved on: 
Tuesday, December 5, 2023
Culture, Data management, Human back, ETF, Mutual fund, Growth, Private equity fund, Algorithm, API, Ultimus, Financial adviser

The awards ceremony independently recognizes the achievements of service providers in the fund administration industry whose quality of services exceeds their peers.

Key Points: 
  • The awards ceremony independently recognizes the achievements of service providers in the fund administration industry whose quality of services exceeds their peers.
  • This year Ultimus received three awards in three different categories: ETF, Mutual Fund, and Private Fund Administration.
  • Ultimus secured the three most prestigious awards:
    Exchange-Traded Fund Administrator of the Year, Ultimus Fund Solutions,
    Mutual Fund Administrator of the Year, Ultimus Fund Solutions, and
    Private Equity Fund Administrator of the Year, Ultimus LeverPoint.
  • Ultimus CEO Gary Tenkman says, “We are most proud of the consistency of winning these awards year over year.

Fairway Private Equity & Venture Capital Opportunities Fund Announces Third Quarter Results

Retrieved on: 
Wednesday, November 29, 2023
Professional Services, Finance, Corporation, KPMG, Fund, TD Securities, Financial analyst, Boeing, Investment, Risk, GCM Grosvenor, Venture capital, Partner, Agreement, Goldman Sachs, Portfolio company, DLJ, Private equity fund, Adviser, Interview, Private equity, Partnership, Prospectus, Acquisition, Growth, Geode Capital Management, Merrill (company), Environment, Net asset value, Cryptocurrency, Security (finance), Financial services, Financial adviser, Bank, Fairway, Portfolio, Trust

Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.

Key Points: 
  • Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.
  • As a ’40 Act fund, Fairway Private Equity & Venture Capital Opportunities Fund offers greater flexibility than a traditional, institutionally oriented private equity investment vehicle.
  • The Fairway team includes veteran private equity professionals with total collective experience of 100+ years and deep relationships with many leading private equity and venture capital General Partners.
  • Fairway Capital Management is an investment manager focused on private equity and venture capital investments, headquartered in Chicago.

EQS-News: HeartBeat.bio raises € 4.5 million in Pre-Series A financing to drive development of organoid screening platform for cardiac drug discovery

Retrieved on: 
Tuesday, November 7, 2023
Data analysis, Drug, Heart, Physiology, AG, Fibrosis, Drug development, Myocardial infarction, Drug discovery, Partnership, CFO, Molecular Devices, Death, Private equity fund, Cardioid, Medical device, Pharmaceutical industry, Cryptocurrency

The financing enables the completion of a ready-to-use, fully integrated, automated, high-throughput Cardioid Drug Discovery Platform for proprietary and collaborative drug discovery programs in indications with a high medical need such as drug-induced and genetic cardiomyopathies as well as myocardial infarction and fibrosis.

Key Points: 
  • The financing enables the completion of a ready-to-use, fully integrated, automated, high-throughput Cardioid Drug Discovery Platform for proprietary and collaborative drug discovery programs in indications with a high medical need such as drug-induced and genetic cardiomyopathies as well as myocardial infarction and fibrosis.
  • HeartBeat.bio’s Cardioid Drug Discovery Platform facilitates the transition from traditional pre-clinical development to an animal-free, human-centric drug discovery approach.
  • This new Cardioid Drug Discovery Platform approach starts from target identification and validation, disease modeling, hit identification and confirmation up to lead compound development, drug profiling and finally clinical trials-in-a-dish.
  • Along with high-content-imaging and AI-based software, the Cardioid Drug Discovery Platform is designed to develop first-in-class drugs faster, less expensively and with a higher clinical success rate.

Incline Closes Fund VI with More than $1.9 Billion in Commitments, Surpassing Target

Retrieved on: 
Thursday, October 12, 2023
Multimedia, Incline, Private equity fund, Financial services, Renewable energy, Video game, Fund

PITTSBURGH, Oct. 12, 2023 /PRNewswire/ -- Incline Equity Partners ("Incline"), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the successful closing of Incline Equity Partners VI, L.P. (together with parallel vehicles, the "Fund" or "Fund VI").

Key Points: 
  • PITTSBURGH, Oct. 12, 2023 /PRNewswire/ -- Incline Equity Partners ("Incline"), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the successful closing of Incline Equity Partners VI, L.P. (together with parallel vehicles, the "Fund" or "Fund VI").
  • Fund VI closed with more than $1.9 billion of aggregate capital commitments, significantly surpassing its initial fundraising target.
  • Included in Fund VI's capital is participation by the Incline partners and employees of more than $120 million, representing a GP commitment of over 6%.
  • Fund VI closed with more than $1.9 billion of aggregate capital commitments, surpassing its initial fundraising target.

Thomas Capital Group announces Final Closing for FVLCRUM Fund LP with over $302 million in commitments, exceeding the $250 million target

Retrieved on: 
Thursday, September 28, 2023
DNA, Growth, Fund, TCG, Investment, Health, Capital Group Companies, GIG, Partner, Private equity fund, Security (finance)

GIG HARBOR, Wash., Sept. 28, 2023 /PRNewswire-PRWeb/ -- Thomas Capital Group ("TCG"), a boutique placement firm, is proud to announce the final closing of FVLCRUM Fund LP together with its sister entities (the "Fund"), at over $302 million in commitments, exceeding the $250 million target. TCG served as the placement agent for the Fund. FVLCRUM Funds Capital Group ("FVLCRUM Funds") is a lower middle market buyout firm focused on addressing the U.S. racial wealth gap. The Fund will target control equity investments in diverse companies of scale that demonstrate significant potential for growth and sustainable competitive advantages. The target sectors include government contracting, healthcare, and technology-enabled business services.

Key Points: 
  • GIG HARBOR, Wash., Sept. 28, 2023 /PRNewswire-PRWeb/ -- Thomas Capital Group ("TCG"), a boutique placement firm, is proud to announce the final closing of FVLCRUM Fund LP together with its sister entities (the "Fund"), at over $302 million in commitments, exceeding the $250 million target.
  • FVLCRUM Funds Capital Group ("FVLCRUM Funds") is a lower middle market buyout firm focused on addressing the U.S. racial wealth gap.
  • The Fund will target control equity investments in diverse companies of scale that demonstrate significant potential for growth and sustainable competitive advantages.
  • It is very gratifying to see many sophisticated institutional investors and families understand and support FVLCRUM Funds and their mission."

Formidium Announces the Release of Tax Allocations and Returns Module for Its Fund Accounting Software "Seamless™"

Retrieved on: 
Monday, August 28, 2023
Crypto, Private equity fund, S. P. Sudrania, K1 fund, Automation, SPV GmbH, Native American Venture Fund, CPA, Hedge fund, CFO, Book, Cryptocurrency

DOWNERS GROVE, Ill., Aug. 28, 2023 /PRNewswire/ -- Formidium, a global leader in providing fund technology and back-office solutions, has today announced the release of Tax Allocations Module for its fund accounting software "Seamless™".

Key Points: 
  • DOWNERS GROVE, Ill., Aug. 28, 2023 /PRNewswire/ -- Formidium, a global leader in providing fund technology and back-office solutions, has today announced the release of Tax Allocations Module for its fund accounting software "Seamless™".
  • We are thrilled to announce the Automation of US tax allocations module for investment funds and partnerships.
  • Tax allocations within an accounting system for a pooled investment fund ensure that all investor-level tax allocations are calculated efficiently and books vs tax adjustments are tracked and reconciled.
  • It ensures efficient, faster and accurate processing of tax returns, K-1s,1099s, and other tax schedules required for US tax returns for investment funds.

Mizuho Americas Hires Jeff Jaenicke as Managing Director and Head of Private Equity LP Fund Financing

Retrieved on: 
Tuesday, August 1, 2023
Asset management, Private equity, Binghamton University, Private equity fund, Columbia Business School, Credit Suisse, Business administration, Corporation, Investment banking, Bank

NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Mizuho Americas today announced that Jeff Jaenicke has joined as Managing Director, Head of Private Equity LP Fund Financing within the Equity Division.

Key Points: 
  • NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Mizuho Americas today announced that Jeff Jaenicke has joined as Managing Director, Head of Private Equity LP Fund Financing within the Equity Division.
  • In this role, Jeff will lead a team responsible for the sales, structuring, trading, and front office risk management for Private Equity LP financing transactions, focused on “Fund of Fund” Managers within Asset Management and Private Equity Funds.
  • Jeff has a long track record of building and managing successful financing businesses, having worked at Credit Suisse for 25 years where he was the Global Head of Fund Financing business.
  • “Jeff comes to Mizuho with an outstanding reputation for building long-term relationships across the private equity and fund of fund community,” said Sureka.

Partnership between Northwestern Mutual Capital and DWS Group achieves investor fundraising goal

Retrieved on: 
Tuesday, July 25, 2023
Partnership, Private equity fund, USD, NMC, Investment, DWS Group, DWS, Fund, Economics, Security (finance), Northwestern Mutual

MILWAUKEE, July 25, 2023 /PRNewswire/ -- Northwestern Mutual Capital and DWS Group have secured $500 million in commitments from investors, successfully accomplishing the goal of the partnership between the two companies.

Key Points: 
  • MILWAUKEE, July 25, 2023 /PRNewswire/ -- Northwestern Mutual Capital and DWS Group have secured $500 million in commitments from investors, successfully accomplishing the goal of the partnership between the two companies.
  • Northwestern Mutual Capital ("NMC") and DWS Group ("DWS") first announced their partnership in October 2020 to identify and develop private market investment opportunities.
  • NMC has been investing in junior capital and private equity for more than 40 years, including $14 billion in junior capital through 425 investments since 2000.
  • "This is a unique opportunity for investors to access the same investments that Northwestern Mutual selects for its own general account," said Dan Julka, vice president – securities of the Northwestern Mutual Investment Management Company and Head of Northwestern Mutual Capital.