Align Capital Partners Wraps Up the Third Fund at $620m (Opalesque)
Align Capital Partners (ACP), a growth-oriented private equity firm, has closed its third private equity investment fund, Align Capital Partners Fund III, at $620 million, 12.7% higher than its target size of $550 million. ACP raised its latest oversubscribed fund in just two months with the support of existing investors and a substantial personal commitment from the team. According to a media release, with the closing of ACP III, Align Capital Partners has raised approximately $1.4 billion since the Firm’s founding in 2016.
Huge Investment Funds Take Step Back from Israel (Globes English)
Funds like Tiger Global, SoftBank and Coatue have drastically reduced their investment in Israeli startups and growth companies. Tiger Global, one of the leading investment funds during the Covid era, reported at the start of October that senior partner John Curtius is leaving his position next year.
Odey Shuts Funds to New Money as Market Becomes More ‘Challenging’ (Proactive Investors)
Hedge fund manager Crispin Odey has stopped taking new money into three of his funds claiming it has become much more difficult to trade in current market conditions. Odey has hogged the headlines in recent weeks both for the spectacular performance of his funds and also for the fact that ex-chancellor Kwasi Kwarteng used to work for him.
LightPoint Financial Technology Launches Hedge Fund in a Box (PRNewswire)
NEW YORK, Nov. 2, 2022 /PRNewswire/ — LightPoint Financial Technology, the company that helps buy side firms and family offices reimagine their trading and operations, has launched LightPoint 360. The new solution enables new launch funds to focus on raising capital and running their core business securely from anywhere. With access to leading-edge business and technology infrastructure on the road or from a desktop, funds can now streamline their interaction with their prime brokers and fund administrators regardless of their location.
Large Hedge Funds Have Outperformed This Year. So What? (Institutional Investor)
A quick look at some of the well-publicized data on hedge funds shows that the largest funds are turning in the best returns this year. While true, a deeper dive into the numbers paints a far more nuanced picture for investors. In fact, investors shouldn’t conclude too much from what’s happening in 2022. Little has changed about the historical outperformance of smaller funds.
A Key Insider Just Bought $150,397 Of This Soaring Dividend (Forbes)
We contrarian dividend buyers love it when an insider loads up on their own (ideally washed out!) stock. Especially when that stock is: Throwing off its highest yield in years. Growing its payout at a 9% annualized rate, and… Tied to one of the biggest megatrends there is: our never-ending addiction to mobile data. We’re seeing all three of the above with cell-tower REIT Crown Castle International (CCI), which has been knocked down some 37% in this selloff. That’s driven its yield up to 4.4% – just a shade below all-time highs!
Group President At This Health Care Company Sells $2.20M of Stock (Benzinga)
Charles J Hall, Group President at HCA Healthcare (HCA), reported a large insider sell on November 1, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Hall sold 9,838 shares of HCA Healthcare. The total transaction amounted to $2,198,793.
