Friday, 26 December 2014
Last updated 1 day ago
Jun 2 2006 | 8:39pm ET
• Charlotte, N.C.-based Cambium Capital is reportedly winding down its hedge fund and shuttering its doors. The firm, which was founded in 2002, lost a major investor and couldn't gain assets fast enough to cover expenses, Robert Deaton, chief investment officer, told a local newspaper. The firm had $130 million in assets earlier this year and is in the process of returning money to investors.
• Texas-based EnCap Investments has closed its fifth private equity fund with $1.5 billion. The firm invests in oil and gas companies and has established eleven investment funds with aggregate capital commitments of approximately $2.5 billion. The firm currently manages capital on behalf of 50 U.S. and European institutional investors.
• Durham, N.C.-based InterSouth Partners has closed InterSouth VII with $275 million in capital commitments. The firm invests in seed and early-stage companies in the life sciences and information technology sectors, primarily in the Southeast. Intersouth typically invests between $500,000 and $8 million in a first round and up to a total of $20 million in each of its portfolio companies. The new fund brings Intersouth's total capital under management to $775 million.
• Spur Capital Partners, which is based in Bartlesville, Okla., has raised $275 million at the close of its second fund-of-funds, which will invest in early-stage technology-focused venture capital firms. The firm typically makes investments of $5-10 million in an individual venture partnership.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.