Azania Patel

TOP STORY: Despite investors limiting their exposure to the Chinese market, computer based funds still see plenty of opportunity in China, according to a report by The Financial Times.

Inclusive Capital Partners, the fund founded by Jeff Uben, is closing down after a three year run. The activist investor has decided to close down the firm after it struggled to raise new cash, according to a report by Reuters.

Irradiant Partners, an alternative investment manager with over $10bn in assets under management, announced the closing of $411m in commitments on the third vintage of the Irradiant CLO equity strategy.

YFM Equity Partners has held the final close of its Buyout Fund III, with £95.5 million of committed funds and a high percentage of new entrepreneurial investors in place.

True North, an India headquartered private equity fund has raised $120m for a private credit fund, according to a report by Reuters.

JPMorgan Private Bank has launched its new Fund Banking Group, a division of the US Private Bank’s business focused on the banking, lending and investing needs of private equity and venture capital funds and their principals.

Cboe Digital will become the first US regulated crypto native combined exchange and clearinghouse to enable both spot and leveraged derivatives trading on a single platform when it launches trading and clearing of bitcoin and ether margin futures in January.

Pierre Andurand, a renowned oil trader and the founder of commodities hedge fund firm Andurand Capital believes better-than-expected oil supplies have been the trigger for recent falls in the price of crude oil, according to a report by Bloomberg.

Bloomberg has formed a strategic collaboration with Databricks, the data and AI company, allowing mutual customers to access Bloomberg’s extensive data offerings via Data License and cloud-based data management solution Data License Plus (DL+).

With a 20-year track record of supporting the strategic technology needs of private equity firms and their portfolio companies, Thrive offers a blend of managed services and consulting to ensure security, compliance, and performance. The firm’s President, Bill McLaughlin, outlines some of the significant changes in the PE space in the past year and the opportunities and challenges for tech in the next 12 months…

TOP STORY: Private equity funds affiliated with global private investment giant Blackstone and software-focused private equity firm Vista Equity Partners, are to acquire Energy Exemplar, a provider of energy market simulation software, in a deal reportedly worth more than $1bn.

Equilend’s Orbisa, a data platform built specifically to help hedge fund managers gain transparency across their portfolio, provide trading insights and validate market sentiment across the industry is now delivering real-time securities lending data.

Saudi Venture Capital, has announced its investment of $10 million in Ruya Private Capital I LP, a private credit fund managed by Ruya Partners, an independent private credit firm that provides funding solutions to private sector companies in developing markets.

Aaron Niu, Portfolio Manager at Grandline, a systematic multi-strategy hedge fund trading mid-frequency statistical arbitrage models on major cryptocurrencies and their derivatives, outlines some of the biggest challenges and opportunities facing emerging managers in the digital assets space….

Herbert Smith Freehills has bolstered its private equity practice in London with the appointment of Eleanor Shanks, as a partner and Head of International Private Equity, a newly-created position, according to a report By Bloomberg.

Private Equity Wire has announced the winners of the ESG AAA European Awards 2023, which reward environmental, social and governance excellence among private equity fund managers across a wide range of categories.

ABS Capital, a growth equity firm with over 30 years of experience scaling software and tech-enabled B2B businesses, has completed a GP-led secondary continuation fund transaction for portfolio companies, LabConnect and Viventium Software.

TOP STORY: A dramatic increase in private credit investments by life insurers is creating systemic risk for investors, according to a report by the Financial Times quoting concerns aired by private equity investor J Christopher Flowers, the founder of JC Flowers & Co.

PATRIZIA, a private investment firm focused on real assets investments has entered into a binding agreement for a transaction of over €140m in an EV charging rollout programme in Germany, through its flagship European Infrastructure Fund series.

Global private equity investment firm Advent International has appointed Kahina Van Dyke as an Operating Partner to identify new investment opportunities and support the management teams of the firm’s relevant portfolio companies.