Fiera Capital Corporation is to acquire Clearwater Capital Partners (Clearwater), an Asia-focused credit and special situations investment firm. Headquartered in Hong Kong, Clearwater is a privately held employee-owned asset manager with USD1.4 billion in assets under management. Clearwater’s assets will
SALI Fund Management, a specialist in the creation and administration of Insurance Dedicated Funds (IDFs), has secured a growth capital investment from affiliates of Long Ridge Equity Partners LLC. Proceeds from the financing will be used to further invest in
Deutsche Bank is to exit its Equities Sales & Trading business as part of a wider restructuring plan which will see the business shed 18,000 jobs globally by 2022. The first round of cuts, affecting teams of shares traders in
Pico, a provider of technology services for the global financial markets community, is to acquire Corvil, a specialist in real-time analytics and machine intelligence products for financial markets infrastructure performance and operations. “With Pico as a premiere technology service provider
Energy commodity merchant Castleton Commodities International (CCI) has closed two credit facilities totalling USD2.775 billion. The facilities include a committed borrowing base facility and a committed unsecured revolving credit facility. The borrowing base facility is comprised of a USD750 million three-year
Ultimus Fund Solutions (Ultimus), an independent provider of fund administration, accounting and investor solutions to traditional and alternative fund managers, is to acquire LeverPoint Management (LeverPoint). LeverPoint, headquartered in Clifton Park, NY, is an independent provider of full-service fund administration,
Apex Group (Apex), has successfully closed the acquisition of the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division. The acquisitions add over 600 employees and 6,000 clients to the Apex Group, across multiple
Imagineer Technology Group, a provider of investor relations and fund marketing software to the asset management industry, and Synap Software Labs, a provider of cloud-based investment research, due diligence, and account management applications, are to merge. The combined business will
The United States dominates the PE marketplace when it comes to size of AUM size. It is estimated that the top 300 global PE managers manage USD1.5 trillion in assets, of which US-based managers account for USD1 trillion; this compares
MackeyRMS, a provider of research management software, has secured a significant equity investment from Resurgens Technology Partners. The partnership makes MackeyRMS the third FinTech investment in Resurgens’ USD200 million flagship private equity fund, and will enable the Company to accelerate
