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Firms and Funds
Italian insurance group Generali has launched a fund-of-funds, committing €175m of its own money. The fund is to be managed by AMB Generali Private Equity. Ten insurance companies of the group, among them four French investors and Generali Austria, have committed to the fund. AMB Generali Private Equity GmbH was founded in 2002 and initially […]
Orthogonal Partners, a venture set up by former members of the Sainsbury family office, is launching its first investment vehicle to create a globally diversified portfolio of assets. The fund’s objective is to achieve returns of between 15% and 20% net IRR and is expected to have a size of US$200m. The fund will invest […]
Doughty Hanson’s real estate arm has sold Handelsblatt Headquarters, a publishing office located in Düsseldorf, to IXIS AEW Europe, a French based real estate manager, for over €40m. The sale means that Doughty Hanson has now sold all the assets in the Holtzbrinck Portfolio it acquired in January 2003 from German publishing group Georg von […]
Beringea has sold Mergermarket, the M&A data provider, to the Financial Times Group, which is a subsidiary of Person. The sale will generate a total return of 14x the original investment for Beringea and an IRR of 69%. Beringa invested in Mergermarket through Global Fights Fund II, ProVen VCT and ProVen Growth & Income in […]
OncoMethylome Sciences, a venture-backed Belgian life sciences business, has completed a dual listing on the Euronext Brussels and Amsterdam Stock Exchanges. The molecular diagnostics company issued 3,373,334 shares on its IPO at a price of €7.50 per share, raising €25.3m, giving it a market capitalisation of approximately €75.5m. OncoMethylome is backed by ING Belgium (which […]
Investors are willing to back sub-£2m entrepreneurs
Susquehanna International Group (SIG) is planning to enter the U.S. venture capital market. The firm said that it expects to invest about $50 million per year in U.S. venture capital and growth equity deals in technology, financial services, business services and health care services. SIG spokesman Todd Simkin said that the $50 million figure is […]
When Sequoia Capital and Index Ventures bet $10 million on a site that invites children to dress up virtual celebrities and a dozen more top firms begin to spend wildly on avatars, you have to wonder if the venture industry hasn’t gone completely bananas. Since January, VCs have sunk more than $150 million into teen-oriented […]
Two of the largest public pension funds have set out to identify small firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS)—with the help of investment advisor Altura Capital—are compiling a database filled exclusively with emerging managers and financial service […]
Two of the largest public pension funds are aiming to identify the smaller firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) – with the help of investment advisor Altura Capital – are compiling a database filled exclusively with emerging […]