Andrew Lawson

#LongStoryShort: What’s behind Clearlake Capital Group’s acquisition of a London-based credit specialist? The private equity heavyweight acquired MV Credit from Natixis Partners earlier this week, strengthening its foothold in the $800 billion direct lending market. The Financial Times reports the deal is worth "several" hundred million dollars. MV Credit, which specialises in European credit investments and CLOs, will expand Clearlake’s credit business by around $5 billion. “Often for us the credit business has been the canary in the coal mine . . . which has a direct effect on our private equity business,” José E. Feliciano, a co-founder of Clearlake, told the Financial Times. This acquisition is part of a wider trend in asset management, where PE firms are bulking up in areas like infrastructure and credit to create more stable, fee-generating revenue. Indeed, consolidation among private market firms has accelerated in recent years. In your view, will this trend continue? #PrivateEquity #PrivateCredit #FinancialMarkets #IndustryNews

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📈 Cavendish Predicts IPO Surge Amid Profit Turnaround 📈 Cavendish, the City investment bank, reports a return to profitability, citing stabilising market conditions and a pipeline of IPOs set to boost London’s financial activity. Read More: https://lnkd.in/efVipQrC #LondonIPO #InvestmentBanking

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The latest monthly report from Phenix Capital Group shows growth of more than 10% in both the number of infrastructure impact funds on its database and the amount of capital raised by them over the last year, writes Ian Lewis. #impactinvesting #infrastructure #realassets https://lnkd.in/ewzizs_U

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New Article: Forget Hedge Fund Strategy Labels – Here Are Three Groups that Matter: https://okt.to/M8Qfyx In our latest article, Toby Goodworth challenges traditional hedge fund strategy labels, claiming that they are not "particularly helpful" for investors seeking to build an "effective portfolio". #hedgefunds #diversification #onyourside

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StepStone Group’s venture and growth evergreen fund made 10 secondary purchases in Q4 FY24. The fund’s top three investments included stakes in Lightspeed, Amaranth, and 137 Ventures funds, making up 67% of the quarter’s purchases. Bob Long #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #RetailInvestors #Venture #VentureCapital #VC https://lnkd.in/eGT_H-Hi

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Hargreaves Lansdown receives second bid from PE consortium for £5.4bn. Hargreaves Lansdown has received a second bid by a private equity consortium led by CVC Capital Partners to acquire the platform for around £5.4bn. Check out Cristian Angeloni’s latest article 👇 https://incm.pub/3KN1w5q #investing #assetmanagement #wealthmanagement #finance

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In this session from our Alternative Investments Conference, Joanne Baynham was joined by Alan Yates, Peregrine Capital, and Andre Steyn, Steyn Capital Management, to delve into the world of #HedgeFunds👉 https://lnkd.in/e5Gxgxg2 The main topics of discussion included opportunities in the SA Inc. space, views on #AI, asset allocation, and the objective of ‘beating the market.’

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Interesting thoughts from Houlihan on Direct PE (and the maturation of the market around independent sponsors) - "global volume (will) rise from $6 billion in 2019 to an estimated $50 billion this year, with annual deal numbers tripling over that period. We’ll see over 780 transactions this year... Directs have the promise to account for half of all annual capital raised for private equity in 10–15 years." #privateequity #independentsponsors

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There seems to be a perception that private equity should be or should act like levered listed equity when it doesn’t in reality” Patria Private Equity Trust’s Lead Manager Alan Gauld spoke to Adam Lewis for Portfolio Adviser PA+ to examine how private equity acts as a diversifier to traditional bonds and listed equities. With more than 30k companies globally now securing private equity backing and listed equities shrinking, there has never been a better time to take a fresh look at this exciting sector. View the full video below https://lnkd.in/g3RHV96m #InvestmentTrust #PrivateEquity #PrivateEquityTrust #PPET #AlternativeInvestments

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The former Government was consulting on a proposed new exchange platform (to be known as PISCES) for secondary share sales, a significant change for investors funding growth stage companies and founders and other shareholders in growth stage UK private companies. Mishcon de Reya responded to the Government consultation. As we await the response from the new Government, we understand that work remains underway to implement this, albeit perhaps with some slippage in timeline to fall into 2025 rather than end of 2024. We're therefore continuing to seek your views on whether this new liquidity arrangement appeals. Take our survey: https://lnkd.in/gqtvdTxQ Mishcon de Reya will be publishing further insights and hosting an event related to PISCES in Autumn 2024. Join our mailing list to be notified when registrations open: https://lnkd.in/gJspq7MX

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*Marketing material for professional clients only* 🌟 New insight for pension schemes on endgame portfolio strategies!🌟 We are excited to share the latest #Schroders article: "Crafting investment portfolios for low dependency and run-on strategies." This in-depth guide explores the potential investment portfolios for schemes targeting 'low dependency' or 'run-on' strategies. Discover how to optimise your portfolio approach, and manage investment risks. 📈 Read Full Article: https://okt.to/9RoyQl 🔗 Subscribe to our Insights: Stay updated with the latest insights relevant to your interests https://okt.to/gDoRAY For more information or to start a conversation about these strategies, contact us at Schroders. #Investment #PensionSchemes #SchrodersEndgameSolutions #LowDependency #RunOnStrategy

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Our CEO Mike Carrodus, spoke with Financial News, about our survey of the largest Asset Managers, following the FCA’s latest Consultation Paper on Payment Optionality for investment research. We found opinions split on whether the industry would ‘rebundle’ investment research costs with execution fees, or continue to fund research from their own P&Ls, with many firms waiting to gauge the impact on early adopters before making a decision. Read the full article here ➡ https://lnkd.in/e4d6ETbH #MiFIDII #FCA #InvestmentResearch

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Twelve staff exit Walleye including Head of ECM New York-headquartered multi-strategy hedge fund firm Walleye Capital has cut about a dozen positions mainly in its investment team, including Senior Portfolio Manager Michael Martin, who served as Head of Equity Capital Markets, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that portfolio managers Lawrence M Hurvich and Jerry Siliverdes who focused on special purpose acquisition companies, have also left the business. Additionally, the closure of Walleye’s Houston office affected two more employees. The departing employees, including two staff impacted by the closure of the firm’s Houston office, represent less than 3% of Walleye’s risk exposure, and the firm considers their related strategies as largely nonessential. However, the firm is planning to appoint a new Head of ECM in due course. In a letter, CEO and CIO Will England wrote: “Given the turnover which Walleye has proactively and positively undertaken over the past 12 months, we are clearly very focused on selection. We are unapologetically pursuing the best individuals we can find to fill the seats in our boat, keeping in mind that the number of seats is fixed.” The multi-strategy Walleye Opportunities Fund, which accounts for around $4.6bn of the firm’s total $6.7bn assets, has a projected net gain of 7.3% to 7.7% for the first seven months of the year, according to preliminary returns seen by Bloomberg. The firm has temporarily paused accepting new commitments for the fund until at least the end of this year. #hedgefund #multistrat #jobcuts

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Zilch Raises £100M Financing Deal to Fuel Expansion Strategy Hugh Courtney, Chief Financial Officer of Zilch, said: “We are excited to announce our entry into the securitisation market. Optimising our capital structure and pricing is key to providing our customers with more flexible ways to pay. Deutsche Bank really leant in to find a bespoke solution to match our uniquely capital-efficient model. “The financing sets an initial benchmark for us to price our debt issuance in the future, allowing us to competitively match the pricing and terms as the business continues to develop. Finally, the securitisation represents a major milestone as we work towards an IPO in the future.” https://lnkd.in/eWm-q9Wm Philip Belamant #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Andre Steyn, CEO & CIO at Steyn Capital Management, sits down with Joanne Baynham, in this Boutiques Connect update👉 https://lnkd.in/e8RCWdfd   Andre discusses the launch of their #EmergingMarkets Fund, how useful #AI is, the cleaning up of data, and more. 

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The fund finance market is evolving, with new challenges and opportunities on the horizon. Private Equity International's Fund Finance Special Report features insights from industry leaders, including SMBC, on what lies ahead as the borrower landscape continues to grow. Read more at https://lnkd.in/enNzVBVv #TeamSMBC #FundFinance #PrivateEquity

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