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4 days ago | 
citywire.com | John Schaffer
Private equity firm Harwood Capital is in ‘advanced discussions’ to make a cash offer for national IFA firm Frenkel Topping, according to a market announcement.
The bid would be via a private special purpose vehicle (SPV) for all Frenkel Topping shares, and would amount to around £44.8m.
Under the potential offer, the IFA’s shareholders would receive 50p per ordinary share in cash, or a combination of shares and loan notes from the SPV. Already have an account?
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4 days ago | 
citywire.com | John Schaffer
Partners Group has hired Anastasia Amoroso as managing director and chief investment strategist for private wealth and retirement.
Amoroso joins from private markets platform iCapital where she spent four years in a similar role. Prior to that, she worked at JP Morgan in New York for eight years, and also spent six years as a portfolio manager at Merrill Lynch in Houston, Texas.
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5 days ago | 
citywire.com | John Schaffer
Partners Group has hired Anastasia Amoroso as managing director and chief investment strategist for private wealth and retirement.
Amoroso joins from private markets platform iCapital where she spent four years in a similar role. Prior to that, she worked at JP Morgan in New York for eight years, and also spent six years as a portfolio manager at Merrill Lynch in Houston, Texas.
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5 days ago | 
citywire.com | Jack Gilbert |John Schaffer |Natalia Vasnier |Ross Miller
Ambitious government plans for pension funds to invest more in unlisted UK assets and revitalise the ‘real economy’ may be a pipedream if there are a lack of good investment opportunities.
At the launch of the Pensions Investment Review on Thursday, the Treasury suggested an additional £50bn would be invested in UK private markets by 2030, via the development of £25bn ‘megafunds’.
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1 week ago | 
citywire.com | William Robins |John Schaffer |Joseph Eden |Chris Sloley
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1 week ago | 
citywire.com | John Schaffer
Marjo Koivisto has been at the helm of Aktia’s alternatives division since December last year, leading a team of 10 people that are involved in private markets selection for the Finnish bank.
Koivisto joined the €14bn lender after a near two year stint at Nordic rival Danske Bank, where she was a lead portfolio manager for private credit investments.
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1 week ago | 
citywire.com | John Schaffer
Schroders Capital has closed fundraising for the latest vintage of its venture and growth fund after raising more than $600m.
The asset manager said it had attracted investors from several institutional investors and family offices into its Private Equity Global Innovation XI fund.
The portfolio has a bias towards technology innovation, particularly in businesses attempting to capitalise on the generative AI boom. The fund is also focusing on areas such as cloud security.
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1 week ago | 
citywire.com | John Schaffer
Gresham House has closed fundraising for the sixth vintage of its forestry fund, raising a bumper £375m.
The figure marks the asset manager’s largest ever fundraise for its forestry fund. Investors in Forestry Fund VI include pension fund London CIV, multiple Wales Pension Partnership member funds, and a Japanese investor.
The investor base expands on several other UK local government pension schemes that Gresham House said had invested in previous iterations of the fund.
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2 weeks ago | 
citywire.com | John Schaffer
UBP’s global head of private markets, Brice Thionnet (pictured), says that the large amount of uninvested capital is increasing risks for investors in private credit.
‘It’s a less friendly private credit market. There’s immense dry powder raised, that’s been exacerbated by the constant fundraising of evergreen funds,’ he told Citywire.
He added that this trend of increased committed capital that’s yet to be deployed has been building over the past 15 years.
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3 weeks ago | 
citywire.com | John Schaffer
Seventeen pension providers this week signed up to a UK government target to invest 10% of their default defined contribution (DC) funds in private assets by 2030.
But how far are they from meeting the aims of the Mansion House Accord, which also includes the stipulation that half of these private assets be ringfenced for the UK?
Some of the 17 have already surpassed those targets, while for others a push into private assets will be needed over the next five years in order to meet them.
