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Monroe Capital (Monroe) has held the final close of its 2018 Monroe Capital Private Credit Fund III at USD1.33 billion of limited partner commitments with over 100 investors in eight countries, eclipsing the target of USD800 million.
When combined with target Fund leverage, the Fund will have more than USD2.5 billion of buying power or capital available for investment.
The fund will invest in private credit transactions originated and underwritten by Monroe. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored, independent sponsored, and non-sponsored middle market companies located throughout
IHS Markit, a specialist in critical information, analytics and solutions, has launched a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the company’s order management (OMS) and portfolio modelling (PMS) solution.
By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. Together, thinkFolio and the FIX network service give asset managers a comprehensive, hosted OMS and trading connectivity solution. The FIX connectivity service incorporates the NYFIX solution from Itiviti which connects over 1,500 trading partners via a global, low-latency
As discussed in the first part of our discussion with SEI on the potential of natural language processing (NLP) – click here to read – the company is currently in the early stages of exploring how NLP might enhance the way staff and clients interact with data. The aim of this initiative is to increase the overall level of engagement and grant users the flexibility to choose their preferred method of navigating information.
Ares Management Corporation has completed its conversion to a corporation under Delaware law and changed its name from Ares Management to Ares Management Corporation.
Since Ares had already elected to be taxed as a corporation for US federal and state income tax purposes effective 1 March 2018, no material tax or financial changes are expected from the state law conversion.
Existing common and preferred shares of Ares Management have been converted into Class A common and Series A Preferred shares of Ares Management Corporation, respectively. Following the conversion, the Class A common shares will have voting rights equivalent to
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Stephen Fromm as Vice Chairman of TigerRisk Capital Markets & Advisory.
“Steve Fromm is one of the most experienced and skilled insurance investment bankers in the industry today,” says Tony Ursano, President of TigerRisk Partners. “Over his 25-year career, Steve has played an important role in many of the deals that have shaped our industry. He is a sharp, strategic thinker and an invaluable addition as we continue to deliver unique and integrated risk, capital and strategic advice to our clients and prospects.
Omniex, an institutional investment and trading platform for crypto-assets, has extended its integration with top industry custody providers to include Kingdom Trust, a pioneer of crypto custody and one of the longest running custody providers in the space.
As part of its mission to make the end-to-end crypto investment and trading process as seamless as possible for clients, Omniex has been enhancing its post-trade processing component, the Omniex Settlement Center (OSC), for the OTC market.
“Whereas on-exchange the crypto settlement process is taken care of by the exchange, in the OTC space it has been like going back to
Lendingblock, a securities lending platform for digital assets, has secured an ‘in-principal’ decision from the Gibraltar Financial Services Commission (GFSC) to grant the firm authorisation as a Distributed Ledger Technology (DLT) provider.
The in-principle authorisation comes as Lendingblock completes its platform testing period with over 30 institutions worldwide. This puts the firm well on track to launch its institutional digital assets lending exchange as a fully regulated DLT provider early in the new year.
Steve Swain (pictured), CEO and co-founder of Lendingblock, says: “As a true believer in the importance of getting our industry into regulatory shape, seeking authorisation
The ongoing sell-off since the beginning of October has proved difficult to navigate for hedge funds, though there were substantial divergences across strategies, last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “L/S Equity and Event-Driven strategies underperformed due to their elevated market beta. L/S Equity strategies also suffered due to a rotation in risk factors, which saw growth/momentum stocks underperform value and low beta stocks. Within Event-Driven, Special Situations strategies were particularly hit.”
“On a more positive note, Merger Arbitrage strategies were highly resilient thanks to their low market beta. Global
NWT, a Mauritius-based full service fund administration firm that forms part of the AXYS group of companies, has selected the Pacific Fund System’s PFS-PAXUS fund administration system for its third-party fund admin business operations.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
NWT provides a full array of fund administration services for both open and closed-ended collective investment schemes including hedge funds, private equity investment vehicles and venture capital funds.
With an annualised return since 2011 of 12.95 per cent placing it in the top decile of fixed income hedge fund performance tables, LNG Capital’s Europa Credit Fund is beginning to attract the attention of institutional investors alongside its traditional client base of funds of funds, family offices, private banks and high net worth investors. Global Fund Media’s Beverly Chandler talks tactics with managing partner and CIO Louis Gargour…
The LNG Europa Credit Fund is a USD280 million actively managed fixed income fund with a focus on European corporate debt. Gargour (pictured) describes the investment approach as adaptive and designed
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