Connect with us

Private Equity

FactRight Promotes Kevin Kirkeby to Manager

FactRight LLC, a provider of financial due diligence and risk management services for the alternative investment industry, has promoted Kevin Kirkeby to manager.

(PRWeb August 03, 2020)

Read the full story at https://www.prweb.com/releases/factright_promotes_kevin_kirkeby_to_manager/prweb17296178.htm

Avatar

Published

on

News Image

FactRight, LLC, (FactRight) a leading provider of financial due diligence and risk management services for the alternative investment industry, announced the promotion of Kevin Kirkeby to Manager. In his expanded role, Kevin will oversee ongoing coverage of public, non-traded program reporting, while continuing to support FactRight’s new offering engagements.

“Kevin’s promotion is part of FactRight’s broader effort to provide broker-dealers and RIAs with reliable and credible perspective in the alternatives market. His client service and financial background is a great fit for the ongoing analytic advice our clients are looking for on REITS, interval funds, and business development companies,” commented Gail Schneck, COO of FactRight’s FR Risk Management unit.

Kevin joined FactRight in mid-2019 as a senior analyst, initially focused on private placement and Reg A+ issuers. Prior to FactRight, Kevin spent 11 years as an equity analyst, most recently at Standard & Poor’s, where he developed financial models and other analytical tools to assess corporate financial and operational health. Kevin holds a bachelor’s degree from Concordia College and is a CFA® charterholder.

Established in 2006, FactRight and its affiliated entities provide third-party due diligence, compliance, risk management, and consulting services for financial firms and advisors looking for greater success with alternative investments.

Share article on social media or email:

Source: https://www.prweb.com/releases/factright_promotes_kevin_kirkeby_to_manager/prweb17296178.htm

Private Equity

Intuitive launches new investment division and fund to support healthcare companies

Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an investment division, which includes a $100m fund.

Avatar

Published

on

Intuitive, a global technology developer for minimally invasive care and robotic-assisted surgery, has launched an inves

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/intuitive-launches-new-investment-division-and-fund-to-support-healthcare-companies.html

Continue Reading

Private Equity

Veritas Capital holds final close of its debut credit fund

Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

Avatar

Published

on

Veritas Capital, a private equity firm focused on technology-enabled companies, has held the final close of its first Credit Opportunities Fund.

The vehicle has pulled in $400m of aggregate committed capital.

Veritas previously secured $6.5bn for its Veritas Capital Fund VII and has also received around $1bn in support for its co-investment division. This has brought the firm’s total capital raised over the past 12 months to $8bn and its total assets under management to $20bn, it claims.

Credit Opportunities Fund will leverage the firm’s highly differentiated deal flow and access to sector insights to embrace the complexity of a maiden fund and “act with conviction and speed.”

The firm believes credit is the natural adjacency for Veritas, due to it already having several credit investments under its belt in the technology and government sectors. It will also allow it to invest across the capital structure to offer tailored solutions.

Veritas Capital CEO and managing partner Ramzi Musallam said, “For over two decades, we have successfully invested in some of the leading, market-critical companies in technology and government across all seven of our private equity funds.

“We launched the Credit Opportunities Fund to expand on that strategy and take advantage of additional opportunities to leverage our strong sector knowledge and experience. The Fund will benefit significantly from our integrated platform and intellectual property, creating a differentiated financing partner with the ability to find highly-customized solutions for the companies in which we invest.”

The investment firm backs technology and technology-enabled solutions within the healthcare, national security, software, education, aerospace & defence, government services, communications, and energy industries.

Earlier in the year, Veritas agreed to buy the healthcare unit of IT and consulting business DXC Technology for $5bn in cash.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/fund-news/veritas-capital-holds-final-close-of-its-debut-credit-fund.html

Continue Reading

Private Equity

Somerset expands China team

Somerset Capital Management has recruited Min Chen to its China team. He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners. He will be based Somerset’s Singapore office, according to fund global China. Chen […]

Avatar

Published

on

Somerset Capital Management has recruited Min Chen to its China team.

He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked up experience at RWC and Everest Partners.

He will be based Somerset’s Singapore office, according to fund global China. Chen is also said to be bringing the Prospect fund with him.

“The Prospect View China fund is an important step in the expansion of our Asia business with more China-focused funds expected to be launched in the years ahead,” said Timothy Hay, chief executive of Asia at Somerset Capital.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/somerset-expands-china-team.html

Continue Reading

Trending