Monday, 4 May 2015
Last updated 11 min ago
Feb 2 2012 | 5:46am ET
Clyde Blowers Capital has completed fundraising for its latest private equity investment vehicle, the Clyde Blowers Capital Fund III.
The fund initially aimed to raise £350 million, but was oversubscribed and extended to £420 million.
Investors include university endowments, pension funds and fund-of-funds, with 62% being funded out of the U.S. and 38% from Europe.
Jim McColl, chief executive and chairman of Clyde Blowers Capital, said: “This is a significant event in the evolution of Clyde Blowers Capital which allows us to continue to focus on investing in European and U.S. based assets that provide mission critical technologies and equipment, have strong aftermarket opportunities and can be developed on a global basis to serve their key end user markets, both emerging and established.”
“Past private equity models had high reliance on financial engineering, but outside investors are now looking for added value from an operational team. The skill and knowledge we have appeals to these other investors,” said McColl. “We have massive operational experience across the engineering sector of the power industry including nuclear, oil and gas and metals and minerals. We understand the economic agenda and how the competition operates.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…