Wed.Nov 08, 2023

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Goldman Sachs to snap up insurance distribution firm DOXA

PE Hub

DOXA's management team and employee shareholders will remain significant investors alongside Goldman Sachs. The post Goldman Sachs to snap up insurance distribution firm DOXA appeared first on PE Hub.

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Under-priced climate risk plagues pension portfolios

Top 1000 Funds

Climate risk remains systematically under-priced and the world isn’t on course for net zero. Investors need to prepare for the risks of climate and environmental change and re-evaluate the risk in their portfolios, University of Oxford researcher Nicola Ranger warned delegates to Sustainability in Practice.

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Trending Sources

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CORE Industrial to bolster recent Century Box acquisition with add-on

PE Hub

'The packaging and folding carton market has been one of CORE’s thematic verticals due to the sector’s strong underlying industry fundamentals, growth outlook and fragmentation,' said John May. The post CORE Industrial to bolster recent Century Box acquisition with add-on appeared first on PE Hub.

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CPP shares the playbook for pushing corporates on scope 1, 2 emissions

Top 1000 Funds

A quarter of companies in CPP Investments' public equity allocation still don’t report Scope 1 and 2 emissions - one of the most fundamental indicators of whether a corporate board is engaging on the climate emergency.

Companies 105
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Stellex-backed Fenix Parts acquire automotive recycler Brothers Auto Parts

PE Hub

Fenix Parts is a recycler and reseller of original equipment manufacturer automotive parts. The post Stellex-backed Fenix Parts acquire automotive recycler Brothers Auto Parts appeared first on PE Hub.

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Ex-Bill and Melinda Gates Foundation investment managers score $135m for debut fundraise

AltAssets

Bison Ventures, the early stage investor launched by a pair of former Bill and Melinda Gates Foundation investment office execs, has raised $135m for its debut fund. The post Ex-Bill and Melinda Gates Foundation investment managers score $135m for debut fundraise first appeared on AltAssets Private Equity News.

More Trending

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Inflexion sells Chambers and Partners in £400mn plus deal

Financial Times M&A

Sale of legal ranking specialist to US investment group Abry Partners is latest deal in sector to attract investor capital

Legal 105
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Kennedy Lewis wraps up third credit fund at $4.1bn

PE Hub

Fund III's limited partners include pensions, insurers, sovereign wealth funds, foundations and endowments from the U.S., Europe and the Middle East. The post Kennedy Lewis wraps up third credit fund at $4.1bn appeared first on PE Hub.

Funds 175
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PE firms focus on retaining talent

Private Equity Wire

In a bid to retain top talent, as the industry combats a prolonged period of subdues deals activity, private equity firms are offering a range of staff ‘benefits’ including higher base salaries, more paid time-offs, gym discounts, travel insurance, according to a report by Bloomberg. The report cites a report by Preqin as highlighting that with increased borrowing costs having dampened fundraising and made exits more difficult, PE firms are reassessing their recruitment strategies an

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East Los Capital invests in software firm IO Connect Services

PE Hub

The capital infusion will be used by IO Connect for hiring engineering staff and to expand its service offerings. The post East Los Capital invests in software firm IO Connect Services appeared first on PE Hub.

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PSG powers to €2.6bn for second Europe fund, double size of debut

AltAssets

PSG, the former growth capital arm of Providence Equity Partners, has surged to a €2.6bn final close for its second Europe-focused fund, doubling the total raised for its debut fund in the strategy. The post PSG powers to €2.6bn for second Europe fund, double size of debut first appeared on AltAssets Private Equity News.

Funds 77
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Macquarie Capital to acquire energy testing and inspection services provider Camin Cargo

PE Hub

The seller is Metalmark Capital Partners. The post Macquarie Capital to acquire energy testing and inspection services provider Camin Cargo appeared first on PE Hub.

Capital 167
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Kennedy Lewis IM closes $4.1bn private credit fund to bet on underserved market

AltAssets

Kennedy Lewis Investment Management has beaten the target for its new Master Fund III raise by more than $1bn, reaching a hefty $4.1bn at final close. The post Kennedy Lewis IM closes $4.1bn private credit fund to bet on underserved market first appeared on AltAssets Private Equity News.

Funds 74
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Gemspring-backed Amplix buys tech advisor TNS

PE Hub

Norwood, Massachusetts-based Amplix is a provider of technology advisory services and software. The post Gemspring-backed Amplix buys tech advisor TNS appeared first on PE Hub.

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Jon Dauphiné and Dave Mantell on the Societal and Business Value of Delivering Pro Bono Financial Planning

Steve Sanduski

Guest: Jon Dauphiné, Esq. is the CEO of the Foundation for Financial Planning, the U.S.’s leading 501(c)(3) charity devoted to expanding access to pro bono financial planning for people in need. Dave Mantell , CFP®, CFA is a Managing Partner and wealth advisor at Stabler Wealth Management in Bellevue, WA. In a Nutshell: In fields like medicine, law, and education, pro bono work is an established part of the professional culture.

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Arlington’s Everest Clinical Research buys August Research

PE Hub

Everest is a Toronto-based, full-service CRO that provides clinical research services to pharmaceutical, biotechnology and medical device industries. The post Arlington’s Everest Clinical Research buys August Research appeared first on PE Hub.

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Animal Spirits: Finally, A Slowdown

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts: See here to register for the YCharts Year-End Strategy webinar with the Animal Spirits team! On today’s show, we discuss: Comments on October Employment Report Is the Fed peaking too soon? Your ‘set it and forget it’ 401(k) made you rich. No more. Is the 60/40 portfolio a good investment now?

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Nordic Capital to take majority stake in pharma tech firm IntegriChain

PE Hub

The seller is Accel-KKR, which first invested in IntegriChain in 2016. The post Nordic Capital to take majority stake in pharma tech firm IntegriChain appeared first on PE Hub.

Stakes 155
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The Credit Crunch Is Just Beginning

The Reformed Broker

On this special episode of TCAF Tuesday, Michael Batnick, Barry Ritholtz, and Downtown Josh Brown are joined by Campbell Harvey to discuss: the state of the economy, the yield curve indicator, the next recession, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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PODCAST: Unlocking the power of stakeholder-driven exits

PE Hub

The fifth and final episode of Disruption Matters season two delves into the ways PE firms can ensure they're creating value for all stakeholders. The post PODCAST: Unlocking the power of stakeholder-driven exits appeared first on PE Hub.

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Private Equity Wire announces winners of European Emerging Manager Awards 2023

Private Equity Wire

Private Equity Wire has announced the winners of the European Emerging Manager Awards 2023, which recognise excellence among private equity emerging fund managers and service providers. The awards were presented at an exclusive ceremony and networking event today (Wednesday, 8 November), at Convene Bishopgate, London. Voting for the awards was conducted via an online poll of the entire Private Equity Wire userbase, where participants were asked to make their choice among the shortlisted firms in

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Penfund invests in CapVest’s acquisition of Recochem

PE Hub

Penfund served as a joint lead arranger and joint bookrunner on the financing. The post Penfund invests in CapVest’s acquisition of Recochem appeared first on PE Hub.

Investing 130
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Tobias Dengel on How Voice Tech Will Revolutionize Work, Life, and Financial Services

Steve Sanduski

Guest: Tobias Dengel , the president of WillowTree , a digital product consultancy that was acquired by TELUS International in 2023 for over $1.2 billion. Under Tobias’ leadership, WillowTree has become a leading provider of premium digital products and experiences for iconic global brands, including HBO, PepsiCo, Johnson & Johnson, and many more.

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BlackRock and Occidental ink joint venture to develop direct air capture plant STRATOS

PE Hub

According to terms of the JV, BlackRock will invest $550 million in STRATOS. The post BlackRock and Occidental ink joint venture to develop direct air capture plant STRATOS appeared first on PE Hub.

Investing 134
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Ardian continues powerful secondaries play with $2.1bn CPPIB PE fund stakes purchase

AltAssets

Investment giant Ardian has picked up a $2.1bn portfolio of LP interests in 20 private equity funds from the Canada Pension Plan Investment Board. The post Ardian continues powerful secondaries play with $2.1bn CPPIB PE fund stakes purchase first appeared on AltAssets Private Equity News.

Stakes 77
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STG completes take-private buyout of media editing tools provider Avid Technology

PE Hub

The deal was for about $1.4 billion. The post STG completes take-private buyout of media editing tools provider Avid Technology appeared first on PE Hub.

Buyout 143
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Emerging tech and a little pragmatism make biodiversity investible

Top 1000 Funds

Finding “nature positive” companies to invest in is a challenge, delegates to Sustainability in Practice at the University of Oxford have heard. But Institutional investors can play a key role in turning corporate laggards into leaders.

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Niron Magnetics Secures $33M from Leading Automotive Manufacturers to Meet Growing Demand for Rare Earth-Free Magnets

Anzu Partners

Niron Magnetics employee taking quality measurements at the company’s facility in Minneapolis, MN (Photo: Business Wire) MINNEAPOLIS–( BUSINESS WIRE )– Niron Magnetics , the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has raised $33 million in additional funding, with new investments from leading automotive ma

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The Basics of Bond ETFs

Wealthfront

As interest rates have gone up over the last 18 months, many investors have become more interested in adding bond exposure to their portfolios. Bonds are essentially loans you make to a company or government on which you’ll be paid interest over a set amount of time (known as time to maturity, at which point […] The post The Basics of Bond ETFs appeared first on Wealthfront Blog.

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My 2023 reading

Investment Writing

Here are some of the most interesting, helpful books that I read during 2023. I hope you’ll find some titles that interest you. Writing Making Numbers Count: The Art and Science of Communicating Numbers by Chip Health and Karla Starr. This book has great examples of effective communication with numbers. Rebel with a Clause: Takes and Tips from a Roving Grammarian by Ellen Jovin Smart Brevity: The Power of Saying More with Less by Jim Vandehei, Mike Allen, and Roy Schwartz—The premise of th

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Harvest Partners Closes Fund With $5.3 Billion

The Healthcare Investor

Harvest Partners has announced it has closed its latest fund with $5.34 billion of commitments. The new fund, Harvest Partners IX, surpassed its target of $5.25 billion. Harvest , based in New York, is a PE firm investing in middle-market companies generating between $100 million and $3 billion in revenue. Founded in 1981, the firm targets investments in healthcare services and a few other industries.

Funds 52
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DraftKings discussed bid for William Hill owner 888

Financial Times M&A

Boston-based betting group held early stage talks with top 888 shareholders last summer

Bidding 76
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Yawning ESG trust discounts offer opportunities, say analysts

Financial Times: Moral Money

Sector is a big investor in renewable energy, where discounts have widened to 25 per cent

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Fresenius sells fertility business to KKR and GED Capital

Financial Times M&A

Sale of Eugin Group marks latest bid by private equity to capitalise on demand for fertility services

Bidding 69