European venture capital firm Lakestar has announced it has closed on a new €350m ($398m) fund, Lakestar II. Lakestar II is the largest fund to be raised by Lakestar, and one of the largest VC funds in Europe.
Monument Group, a leading independent alternative investment fund placement agent, hosted a gathering of prominent industry leaders at the Ham Yard Hotel Roof Deck in London to celebrate ten years of Excellence in European Private Placement.
Linzor Capital Partners (“Linzor” or “LCP”), a pan‐regional Latin American private equity firm focusing on the middle market, announced the final closing of its third fund, Linzor Capital Partners III, L.P. (“LCP III” or “Fund III”).
A number of Monument Group clients operate under the Article 63 exemption (the “Article 63 Exemption” or “Exemption”) of the Financial Instruments and Exchange Act (FIEA) in Japan.
As a placement agent licensed with the Financial Services Agency (FSA) in Japan, Monument Group wishes to ensure awareness on the part of its friends and clients of certain FSA regulations that impact managers of funds marketed to Japanese investors.
Secondary sales of private equity fund interests are emerging as a growing force. The secondary markets were previously attractive to a small number of participants, as investors tried to sell assets at discounts to their net asset value, and general partners (GPs) hesitated to allow the transfer of investment interests in their funds. Things have changed.