As we approach the end of 2017, we take a look at some of the research that Preqin has published over the past year and the key trends that have affected the industry. Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. Strong investor appetite for private equity funds has led to continued fundraising success for the industry in 2017.
Gaining exposure to the cryptocurrency market is about to get easier as the CME Group and Cboe Global Markets expect to launch trading in their respective bitcoin futures in a matter of days. However, for investors who prefer to invest in hedge funds rather than holding digital assets or derivatives of digital assets, finding open funds can prove challenging. Some of the funds specializing in cryptocurrency have closed due to their holdings growing 1,000% to 2,000% this year, according to Joe DiPasquale, founder of the BitBull Capital.
Law firm Kirkland & Ellis LP has named Erica Berthou and Jordan Murray as partners in its investment funds group. Previously, both worked at Debevoise & Plimpton LLP. NEW YORK, Dec. 1, 2017 -- Kirkland & Ellis LLP announced today that leading investment funds lawyers Erica Berthou and Jordan Murray have joined the Firm's New York office as partners in the Investment Funds Group. "Erica and Jordan are both extraordinarily talented and respected attorneys who are recognized leaders in the investment funds world," said Jeffrey C. Hammes, Chairman of Kirkland's Global Management Executive Committee.
The private-equity sector has enjoyed mixed fortunes since the financial crisis, says Max King. Nevertheless, these two funds are too cheap to ignore. The post Private equity on the cheap was first published on MoneyWeek.
Episode 1 has been a stalwart of the early stage funding scene in London for the last few years, investing in successful startups like Carwow, Triptease and AimBrain. It's now closed its second UK "seed-to-Series A" fund which generally aims to lead rounds of PS500k to PS2m. The fund is a PS60m ($81m) Enterprise Capital Fund (ECF), raised with the support of the British... Read More.
NFX, a San Francisco-based accelerator program, announced today that it is launching its first institutional seed fund, which closed at $150 million. Limited Partners (LPs) range from endowments to founders and fund of funds, among others. According to the NFX team, this won't be your typical Silicon Valley seed fund, however. What partners James Currier, [...]
Global private markets manager Adams Street Partners has named former Credit Suisse Private Bank senior executive James Walker as a partner and chief operating officer. read more
Multi-manager private equity vehicles are increasingly turning to new avenues to attract capital, according to new research from Preqin, including a greater focus on emerging managers and greater use of alternative investment methods like secondaries and co-investments. read more
Following on from its announcement that it would invest in other early-stage VC firms in Europe, and doing so by investing in the UK's Seedcamp, and Episode 1 Partners, Draper Esprit, the publicly-listed VC firm based in London, has gone a stage further. It's now acquired Seedcamp Funds I & II for PS17.9 million (EUR20 million / $23.6M). The original Fund 1 size was EUR2.5m... Read More.
Private markets manager Adams Street Partners has named former Baird Capital executive Alex Kessel as a principal on the company's co-investment team, where he will be involved in the sourcing, screening, execution, monitoring and exiting of growth and later-stage co-investments. read more