Hedge Fund Redemption Accelerate in September
Investors removed an estimated net $19.15bn from hedge funds last month
Greg Winterton
Greg is AlphaWeek's Founder, Managing Editor and Managing Director.
LongWater Opportunities Launches Private Credit and Capital Solutions Strategy
To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the private debt and equity group of Reinsurance Group of America
New Side Letter Study Shows Flight to Mature Hedge Funds
The authors of the study attribute the large and growing disparity between the share of side letters issued by mature and new managers in part to the challenging fundraising environment facing newer funds
Fidelity International Launches First Direct Lending Fund, Announces First Deal
Fidelity completes a senior financing package to Clinias Dental Group, a dental care services business in the Netherlands
ABS Capital Closes First Continuation Fund
GP-led secondary transaction centered around two ABS Capital portfolio companies, LabConnect, Inc. and Viventium Software
Unity Partners Invests in Insurance Brokerage Platform Tropolis
Based in Ann Arbor, MI, Tropolis aims to acquire independent insurance brokerage firms providing property & casualty (P&C) and employee benefits solutions
Northleaf Invests in Open API-Driven Electric Vehicle Charging Platform EVPassport
Funds managed by Northleaf have committed $200mn to fund EVPassport’s capital requirements and accelerate the build-out of EV charging systems
Thierry Morin Joins One Rock as First France-Based Operating Partner
Morin joins One Rock in support of its London office
BV Investment Partners Extends Right Networks Investment With Continuation Fund
Continuation fund led by Lexington and co-led by StepStone, Kline Hill, and Apogem
New Report Says Private Credit Contributes $224bn to U.S. GDP
Approximately 70% of U.S. private credit providers surveyed in 2021 reported that businesses relied on private credit because they were “too small for bank syndication"
Energy Impact Partners Invests £30m in myenergi
EIP’s Nazo Moosa, Managing Partner, EIP Europe, will join the myenergi board
Hilbert Group Adds Tim Grant to Board
Grant is CEO of Deus X Capital
MiddleGround Capital Hires Christopher Speight as Partner
Speight will be based in the firm’s Lexington, KY headquarters and initially will assume responsibility for the fund accounting and management company accounting functions
Ara Partners Acquires Vacuumschmelze
Ara acquires Vacuumschmelze from funds managed by Apollo
Pantheon Expands US Private Wealth Offering With New Private Credit Secondaries Fund
The AMG Pantheon Credit Solutions Fund (PSECC) will become the latest addition to the firm’s evergreen platform
