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Safe Software Receives Strategic Growth Investment from JMI Equity

JMI Equity

The Investment will Support Continued Expansion of Safe Software’s Enterprise Solutions Offering and the Company’s Strong Growth Trajectory

VANCOUVER, British Columbia–(BUSINESS WIRE)–Today, Safe Software (Safe), the leading enterprise integration company with unrivalled support for spatial data, announced that JMI Equity (JMI) has made a strategic growth investment in the high growth, enterprise solutions provider.

Safe provides solutions that empower people and enterprises to unlock the full potential of their information, including spatial data. Safe is helping create a connected, informed, and innovative future, aligning with JMI’s focused strategy to invest in leading software companies with proven business models and long-term growth potential. The privately owned Canadian company has been profitable since its inception in 1993, and is well-positioned to continue to expand client growth in the enterprise sector.

“Our new investment partners at JMI have been following our journey for well over a decade, and they love what we have created and want to help us build upon our solid 30-year foundation as we enter an exciting next chapter,” comments Don Murray, Co-Founder & CEO, Safe Software. “Dale Lutz and I have built a phenomenal company in Safe Software, and I couldn’t be prouder of our team’s achievements over the last three decades.”

“Safe Software brings a groundbreaking and unique solution for enterprise data needs and represents a true industry success story. We have known Don and Dale for many years, and we are thrilled to be a part of Safe’s future,” says Brian Hersman, General Partner, JMI Equity. “We look forward to working closely alongside Safe’s leadership team as they continue to innovate and deliver industry leading solutions to their clients around the world.”

Don Murray will continue to lead the business as CEO and the rest of the leadership team will remain in their current roles. The company anticipates no updates to its day-to-day operations and will remain focused on serving clients globally.

For more information about Safe Software, please visit www.safe.com.

About Safe Software

Headquartered in Surrey, British Columbia, Safe Software is the creator of FME, the only enterprise integration platform with comprehensive support for spatial data. The company was founded in 1993 and has been focused on bringing life to data since its inception. Whether your challenges have to do with spatial data, big data, stream processing, cloud migration, or business intelligence, Safe Software is here to help you spend more time reaping the benefits of information, and less time fighting it.

About FME by Safe Software

The FME Platform has built-in support for thousands of systems as well as 800+ out-of-the-box transformers allowing users to build and automate custom integration workflows without having to code. Over 20,000 organizations worldwide trust FME technology for their enterprise integration solutions. Through Safe Software’s international partner network, FME is used in 120+ countries around the world and has been localized into multiple languages.

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs. For more information, visit www.jmi.com.

Contacts

Media:

Safe Software:
Dan Gamble
DGPR
dan@dg-pr.com
+1778 873 0422

JMI:
Abby Ruck
H/Advisors Abernathy
abigail.ruck@h-advisors.global
+1 212 371 5999

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CapMan Social Real Estate Fund invests in daycare and school assets in central Helsinki, Finland, continues fundraising

Capman

CapMan Social Real Estate Fund invests in daycare and school assets in central Helsinki, Finland, continues fundraising

The newly established CapMan Social Real Estate Fund (CMSRE) makes its first investment, investing in two daycare and one school asset in central Helsinki, Finland. Two of the buildings house the French Jules Verne kindergarten and school and one, once refurbished, will house daycare facilities operated by the City of Helsinki. All three buildings are under long-term leases. As energy performance certificates are obtained the properties will become EU Taxonomy aligned. After this first investment, the fund continues fundraising targeting EUR 500 million of equity commitments and total investment capacity of nearly EUR 1 billion over the coming years.

All three historical buildings under long lease agreements are located within the same block in Helsinki city centre, close to Hietalahti market square with excellent traffic connections. Two buildings were recently refurbished to modern standards and are under a long-term lease with the French Jules Verne kindergarten and school while the third building is designated for day care use by the City of Helsinki and is currently undergoing a thorough refurbishment, which is expected to be completed in 2025. The buildings will accommodate some 350 children living in the surrounding areas.

CapMan Real Estate will invest in energy saving measures and perform accessibility related improvements in the buildings. Energy Performance Certificates will be obtained for each building after which the properties will be EU Taxonomy aligned. The properties will pursue LEED green building certifications targeting Gold rating (existing buildings, operations and maintenance, schools, building design and construction).

“We are very happy to invest in these three centrally located assets which represent the first investment for our social real estate fund. Educational properties are one of the main target sectors for CMSRE and the assets fit the investment criteria and the strategy of the fund well. We look forward to our long-term co-operation with the assets’ two tenants in the early childhood education sector and providing great premises for the children and personnel. The surrounding Hietalahti area is expected to develop favourably in the future further improving the quality of the assets”, comments Aleksi Konsti, Investment Director at CapMan Real Estate.

CapMan acquired the assets from HGR Property Partners.

CMSRE continues fundraising, looks for new investments

This is the first investment for CMSRE which continues fundraising, targeting EUR 500 million of equity commitments and total investment capacity of nearly EUR 1 billion over the coming years. The fund is looking to build a well-diversified portfolio of social real estate properties across Sweden, Finland, Denmark and Norway.

CMSRE invests in properties that are used for providing essential public services in sectors such as health care, education, civic services and emergency. Through long-term tenant relations, active leasing, operating expense management, targeted capex and ESG improvements, long-term value growth is created.

“The Nordic countries represent an attractive investment market where the volume of social real estate investments can be seen increasing rapidly. Currently, we continue fundraising while actively looking for investment opportunities across the Nordic countries which all present unique prospects within social real estate”, shares Mika Matikainen, Managing Partner and Head of CapMan Real Estate.

The fund is classified as an Article 8 financial product under the Sustainable Finance Disclosure Regulation (EU). The fund is a German special investment fund and it is primarily targeted to German institutional investors. HANSAINVEST Hanseatische Investment-Gesellschaft mbH acts as the alternative investment fund manager (“AIFM) of the fund. CapMan Real Estate acts as advisor for the fund.

CapMan Real Estate manages approximately €4.2 billion in real estate assets and the Real Estate Team comprises over 70 real estate professionals located in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Aleksi Konsti, Investment Director, CapMan Real Estate, +358 400 815 123

Mika Matikainen, Managing Partner, CapMan Real Estate, +358 40 519 0707

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg and Jyväskylä. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.  

 

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Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate

Blackstone

Ken Caplan & Lionel Assant Promoted to Co-Chief Investment Officers of Blackstone
Nadeem Meghji Promoted to Global Co-Head of Blackstone Real Estate

NEW YORK – January 11, 2024 – Blackstone (NYSE: BX) announced today that Ken Caplan, current Global Co-Head of Real Estate, and Lionel Assant, European Head of Private Equity, have been elevated to newly created roles as Global Co-Chief Investment Officers (CIOs) of Blackstone. They will enhance the coordination and oversight of the Firm’s already rigorous investment process. Nadeem Meghji, Head of Real Estate Americas, will succeed Mr. Caplan as Global Co-Head of Real Estate alongside current Global Co-Head, Kathleen McCarthy.

These promotions underscore the increasing breadth of the Firm’s investment strategies and continued expansion, having recently surpassed $1 Trillion in Assets Under Management (AUM). The three executives collectively bring more than 60 years of Blackstone investing experience to what is expected to be an extremely active deployment period, with over $200 billion of dry powder.

Steve Schwarzman, Co-Founder, Chairman and CEO of Blackstone, said: “We are delighted to elevate three of our longest-tenured investors into these critical positions, as the firm readies itself for an active investment period. They bring strong track records of delivering for our customers, considerable institutional knowledge, and exceptional investment acumen to these new roles.”

Jon Gray, President & COO of Blackstone, said: “The promotion of these highly talented executives will help the firm better identify compelling global investment themes while also enhancing our disciplined investment process.”

Mr. Assant joined Blackstone in 2003 and has run the Firm’s European Private Equity business based in London since 2012. He will continue to serve in that capacity and, as Co-CIO of Blackstone, work in conjunction with the business unit CIOs and Group Heads to provide additional firm-level investment oversight across our Private Equity (PE) complex, including our Corporate PE, Infrastructure, Tactical Opportunities, Growth, and Life Sciences businesses.

Mr. Caplan joined Blackstone in 1997, led the Firm’s European Real Estate business from 2012-2015, served as Real Estate CIO from 2015-2017, and has co-headed the global Real Estate business alongside Ms. McCarthy since 2018. As Co-CIO, he will work in conjunction with the business unit CIOs and Group Heads to provide additional firm-level investment oversight, primarily across Real Estate and Credit & Insurance (BXCI).

CIOs across Blackstone will continue to report into their respective business units including Mike Zawadzki, CIO of Credit and Insurance (BXCI); David Ben-Ur, CIO of BAAM Portfolio Solutions (BPS); and Prakash Melwani, CIO of Corporate Private Equity, who will have an expanded role as Chairman of Blackstone Capital Partners (BCP) International.

Mr. Meghji joined Blackstone Real Estate in 2008 and since 2017 has overseen our Real Estate business in the Americas. He has helped lead the enormous growth of Blackstone’s U.S. and Canadian Real Estate business across its Opportunistic (BREP), institutional and private wealth Core+ (BPP & BREIT), with over $200 Billion of AUM and total asset value of approximately $400 Billion.

The firm also announced today the promotion of Gio Cutaia to be Global Chief Operating Officer of Real Estate. He will continue to lead Global Real Estate Asset Management (a role he has held since 2018), and in that capacity help manage the over 12,000 assets in Blackstone’s real estate portfolio.

Kathleen McCarthy, Global Co-Head, Real Estate, said: “Ken is a remarkable leader who I have loved partnering with. We look forward to his continued impact on our business as Co-CIO of the firm. Nadeem is the perfect leader to succeed Ken, given his tremendous investment acumen and operational experience. I am excited to partner with him in the years ahead. Nadeem and I are thrilled to elevate Gio Cutaia, who will play a critical role helping us oversee this world-class business.”

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Contacts
Matt Anderson
Phone: 518-248-7310
Email: matthew.anderson@blackstone.com

Jeff Kauth
Phone: 212-583-5395
Email: jeffrey.kauth@blackstone.com

Categories: People

Apollo and Athene Announce Partnership with Top-Ranked PGA TOUR Golfer Patrick Cantlay

Apollo logo

 

NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced a new partnership with top-ranked PGA TOUR golfer Patrick Cantlay. Cantlay will serve as the first brand partner for Apollo, Athene and its ecosystem, as the firm looks to deliver its asset management and retirement services to a full spectrum of clients.

Apollo and Athene Partner with Patrick Cantlay

“We are thrilled to partner with Patrick as he embarks on what we expect to be another successful season on the PGA TOUR,” said Apollo Co-President Jim Zelter. “His relentless pursuit of excellence, commitment to his craft and rigorous approach to the game aligns with our approach to investing. We look forward to supporting Patrick as he builds on his illustrious career and achieves new heights.”

Cantlay said, “As a leader and innovator in financial services, Apollo is well known for its high-performance culture and mission to deliver sophisticated solutions to institutions, companies and individuals around the world. The firm shares my focus on constant improvement and passion for learning, and I am confident that we will succeed together, both on and off the course.”

Starting the season ranked fifth in the Official World Golf Rankings, Cantlay is an eight-time winner on the PGA TOUR and was a member of the victorious US Ryder Cup (2020) and Presidents Cup (2019 and 2022) teams. His career highlights include winning the 2021 FedEx Cup Championship after back-to-back playoff wins at the BMW Championship and TOUR Championship. That same season, Patrick earned PGA TOUR Player of the Year honors. In 2022, Patrick successfully retained his BMW Championship title – the first defense of a playoff event in PGA TOUR history – en route to another multi-win season. Before turning professional, Cantlay enjoyed a prolific amateur career at UCLA, including a record 54 consecutive weeks as number one in the World Amateur Golf Ranking.

In 2019, Cantlay launched The Patrick Cantlay Foundation, a 501(c)(3) charitable organization focused on growing the game of junior golf as well as assisting and advocating on behalf of first responders.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2023, Apollo had approximately $631 billion of assets under management. To learn more, please visit www.apollo.com.

About Athene

Athene is a leading retirement services company with $270 billion of total assets as of September 30, 2023, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.

Contacts

Noah Gunn

Global Head of Investor Relations

Apollo Global Management, Inc.

(212) 822-0540

IR@apollo.com

Joanna Rose

Global Head of Corporate Communications

Apollo Global Management, Inc.

(212) 822-0491

Communications@apollo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/78c1e34a-5973-4404-8569-3b2fd46db9e2


Primary Logo

Apollo and Athene Partner with Patrick Cantlay

 

Apollo and Athene Partner with Patrick Cantlay

Source: Apollo Global Management, Inc.

Released January 11, 2024

 

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Partners Group reports AuM of USD 147 billion per end of 2023; increases guidance for gross client demand in 2024

Partners Group

Baar-Zug, Switzerland; 11 January 2024 | Ad hoc announcement pursuant to Art. 53 Listing Rules (LR)

  • USD 18 billion gross client commitments received; new firmwide record for number of mandates raised
  • USD 13 billion invested and USD 12 billion realized across private markets asset classes despite challenging transaction environment; thematic pipeline remains strong
  • 2024 guidance on gross client demand of USD 20 to 25 billion with a tilt towards H2

Partners Group received USD 18 billion in new commitments from its global client base in 2023 (guidance USD 17-22 billion), bringing the firm’s total assets under management (AuM)[1] to USD 147 billion as of 31 December 2023 (31 December 2022: USD 135 billion), up 8% year-over-year. The firm committed USD 13 billion[2] (2022: USD 26 billion) globally to investments across private markets asset classes and generated USD 12 billion (2022: USD 14 billion) in realizations. Partners Group guides for USD 20 to 25 billion in expected client demand for the full-year 2024. The higher end of the range assumes a normalization of the market environment in H2 2024.

David Layton, Partner and Chief Executive Officer, comments: “The strength of our integrated platform was highlighted again in 2023 by robust client demand for our bespoke solutions. We set a new Partners Group record for the number of mandates raised during the year, which is testament to our ability to craft differentiated and long-term private markets solutions for individual clients. In a challenging year characterized by a decrease in transaction volumes, slower exits, and muted fundraising activity overall, we were pleased to be able to deliver robust AuM growth. While transaction activity was slower to recover than anticipated in the second half, we do see signs of improvement in the market as we enter 2024. In this new private markets paradigm, our transformational investing approach and ability to tailor bespoke solutions for our clients will remain our key growth drivers.”

USD 18 billion in new client demand, led by bespoke client solutions

 

Managing over 300 diverse private markets portfolios in different stages of their lifecycle across all private markets asset classes is Partners Group’s key strength and differentiator. Overall, client demand resulted in total new commitments of USD 18 billion (2022: USD 22 billion). In H2 2023, Partners Group’s clients committed 27% more versus H1 as the pace of client conversion rates improved but remained slower than usual. For the full-year 2023, the firm generated solid demand across its three principal offering types:

  • Mandates (USD 8.3 billion raised): Partners Group’s differentiated portfolio management capabilities enable the firm to tailor investment content to each individual client’s desired risk/return profile and investment level, in order to deliver specific objectives and sustained results throughout market cycles. Mandates raised in 2023 will contribute to the base for future AuM growth. As of 31 December 2023, Partners Group manages 38% of its AuM in mandates (USD 56.5 billion).
  • Evergreens (USD 4.8 billion raised): these programs allow for a certain amount of liquidity and enable individual investors to access private markets more conveniently. Partners Group has been a leading global provider of evergreen programs for more than 20 years, offering private wealth clients access to private markets. As of 31 December 2023, Partners Group manages 30% of its AuM in evergreen programs (USD 44.1 billion).
  • Traditional closed-ended private market programs (USD 5.1 billion raised): beside the more bespoke solutions mentioned above, Partners Group continues to offer traditional commingled funds with multiple investors. These are typically limited partnerships with a pre-defined contractual life. In 2023, several new flagship programs were launched towards the end of the year. As of 31 December 2023, Partners Group manages 32% of its AuM in traditional private markets programs (USD 46.3 billion).

During the twelve-month period to 31 December 2023, AuM grew by USD 11.5 billion. Gross client demand stood at USD 18.2 billion before tail-down effects from mature private markets investment programs amounting to USD -8.2 billion, as well as redemptions from evergreen programs amounting to USD -4.5 billion. Foreign exchange effects further affected AuM growth by USD +2.9 billion during the period. A final USD +3.1 billion came from a select number of investment programs that link AuM to NAV development[3].

Breakdown of total AuM as of 31 December 2023 (in USD billion):

2023 2022 Last 5 years CAGR[4] Gross client demand
Private equity 75.5 71.2 + 13 % 7.7
Private debt 29.3 26.8 + 11 % 4.4
Private infrastructure 25.2 20.8 + 19 % 3.7
Private real estate 17.0 16.5 + 4 % 2.4
Total 146.9 135.4 + 12 % 18.2

 

 

USD 13 billion invested

 

Partners Group’s transformational investing approach led to USD 13 billion[5] (2022: USD 26 billion) invested on behalf of the firm’s clients into companies and assets that are well positioned in structurally growing areas of the economy. The transaction environment in the second half of the year improved only moderately despite the increased availability of financing. Partners Group placed emphasis on the conversion of its thematic investment pipeline to identify attractive businesses that operate within specific pockets of transformative growth. For example:

  • In private equity, Partners Group agreed to acquire ROSEN Group, a global provider of mission-critical inspection services for energy infrastructure assets, in November. ROSEN’s core service prevents avoidable incidents, which can have meaningful environmental and financial impacts, and endanger lives, helping customers to optimize throughput and extend the useful life of essential infrastructure assets. Value creation initiatives include expansion into new future energy sources such as hydrogen transportation pipes, adoption of artificial intelligence, and a further build-out of R&D.
  • In private infrastructure, Partners Group agreed to invest in Exus, an international renewables asset management and development firm. Exus is set to benefit from thematic trends including rising demand for decarbonization from corporates and strong regulatory support for renewables. Value creation initiatives will include transforming Exus into a builder, owner, and operator of assets, thereby owning the full value creation process. In addition, Partners Group will focus on scaling the origination capacity to over 1 GW per annum.

Partners Group invested 60% of its total global volume into direct assets on behalf of its clients. The remaining 40% of the total investment volume was invested into portfolio assets. These included secondary investments into globally diversified private markets portfolios, select primary commitments to other complementary private markets strategies, and investments into the broadly syndicated loan market.

USD 12 billion realized

Portfolio realizations amounted to USD 12 billion (2022: USD 14 billion). The transaction environment remained challenging throughout the majority of the year, and therefore several exits originally planned for H2 were postponed. A small number of businesses including Civica, a global provider of cloud software solutions, were successfully divested in 2023. Over the six-year holding period, Partners Group transformed Civica into a pure software business, doubling its EBITDA. Another example was the full exit of Borssele, an offshore windfarm in the Netherlands, which the firm sold to several infrastructure asset managers. Partners Group built this asset into a 731.5 MW windfarm from construction through to operation.

Outlook 2024

Partners Group continues to see strong structural tailwinds for the private markets industry and its outlook for long-term, sustainable growth remains in place. In particular, the firm sees two major areas of growth for private markets client demand: tailored mandates and investment solutions for private wealth investors. In both of these categories, Partners Group has an established leadership position with over 20 years of experience building bespoke solutions.

For the full-year 2024, Partners Group expects to raise between USD 20 to 25 billion in total client demand. The firm bases its guidance on an expected normalization of the investment environment and continued strong interest in its bespoke solutions and flagship offerings. Partners Group’s full-year estimates for tail-down effects from more mature closed-ended investment programs and redemptions from evergreen programs remain largely unchanged at USD -11.0 to -13.0 billion.

Sarah Brewer, Partner and Global Co-Head Client Solutions, adds: “Looking ahead to 2024, we anticipate that bespoke solutions will continue to be the key driver of fundraising as clients are increasingly looking to expand their exposure to private markets via differentiated solutions that meet their specific portfolio needs. Additionally, the mandates raised in and before 2023 are expected to contribute to future AuM growth because mandate clients are typically long-term, strategic relationships that increase their target allocations over time and in line with the rising set of investment opportunities. At the same time, we envisage solid demand for our traditional programs and expect that our evergreen solutions will remain an important contributor of client demand in 2024.”

Conference call today

Partners Group’s senior management will hold a conference call today at 6:15pm CET. To register for the call, please click here or use the contact details at the end of this press release.

Key dates/publications 2024

19 March 2024 Financial Results as of 31 December 2023
22 May 2024 Partners Group Holding AG shareholder AGM 2024
11 July 2024

03 September 2024

 Announcement of AuM as of 30 June 2024

Interim Financial Results as of 30 June 2024

[1] AuM is an Alternative Performance Metric (APM). A description of the APMs can be found in Partners Group’s 2022 Annual Report on pages 32-33, available for download at http://www.partnersgroup.com/en/shareholders/reports-presentations/. AUM figures are for Partners Group Holding AG, inclusive of all Partners Group affiliates.

[2] Respective year includes syndications.

[3] Partners Group reports fee-paying AuM. Most of the firm’s evergreen programs base fees on NAV. The portfolio performance during the period impacts the NAV of these products and this translates to a corresponding change in firm-level AuM. As always, calculations for semi-annual AuM numbers for evergreen programs are based on 31 May NAV valuations. Full-year AuM numbers are based on 30 November NAV valuations.

[4] CAGR: compound annual growth rate for net assets for the period 31 December 2018 – 31 December 2023.

[5] Respective year includes syndications.

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IK kicks off New Year with Partner promotions

IK Partners

IK Partners (“IK” or “the Firm”) is pleased to announce the promotion of Carl Jakobsson and Frederik Jacobs to Partner in the Mid Cap Investment teams in the Nordics and the Benelux respectively.

Carl joined the Stockholm office in 2013 and specialises in the Business Services sector. He has served on the Boards of numerous portfolio companies, including Aspia, Netel, Evac and Ramudden, since joining. Prior to IK, Carl worked within the Investment Banking department of SEB Enskilda. He holds an MSc and BSc in Finance from the Stockholm School of Economics.

Based in Amsterdam, Frederik joined IK in 2014. He has been involved in several notable transactions across the Benelux region and possesses specialist expertise in the Healthcare sector. Prior to joining IK, Frederik worked in Deutsche Bank’s Investment Banking Division focused on the Benelux region. He holds an MSc and BSc in Business Engineering from the University of Leuven.

Christopher Masek, CEO at IK, commented: “2023 was an exceptionally busy year for IK and we are incredibly proud of the contribution of our outstanding colleagues, especially Carl and Frederik whose hard work has been recognised with their promotions to the Partner Group. Both individuals have shown their ability to deliver results for investors and drive value creation across the portfolio, possessing the drive and level-headedness required in the current market.”

Carl Jakobsson, Partner at IK, added: “I feel privileged to have been given continuous opportunity to gain a wealth of experience over the past 11 years at IK. Since joining, I’ve worked locally in Sweden and across Europe with colleagues and portfolio companies to create growth opportunities.”

Frederik Jacobs, Partner at IK, commented: “I’m grateful to my colleagues for the support I’ve received over the past decade. This has enabled me to make significant progress within the Firm and I’ve had the good fortune of being involved in many interesting projects. I’ve worked alongside brilliant management teams to create excellent outcomes and value for all and I look forward to seeing what the future brings.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 180 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikpartners.com

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Categories: People

Cinven announces Partner promotions

Cinven

International private equity firm Cinven announces the promotion of two individuals to Partner with effect from 1 January 2024.

Miguel Segura, Partner

Miguel joined Cinven in 2012 and is a member of the Business Services team and the Iberia regional team. He has been involved in a number of transactions, including Amara NZero, HBX Group (previously Hotelbeds), MasMovil, Planasa, Spire, Tinsa, Ufinet and Ufinet International.

Tarek Bayazid, Partner

Tarek joined Cinven in 2014 and is a member of the Investor Relations and Fundraising team. Since joining Cinven, he has contributed to the successful fundraisings of the Sixth, Seventh and Eighth Cinven Funds, the Strategic Financials Fund and capital raising for numerous co-investments.  He is the principal point of contact for Cinven’s investors in the Middle East, Asia and Australia.

Commenting on these promotions, Stuart McAlpine, Managing Partner of Cinven, said:

“Congratulations to Miguel and Tarek on their well-deserved achievement. Both have made a significant contribution to Cinven’s success over the years and their promotions reflect our commitment to the development of talent within the firm.” 

“Having just achieved the hard cap for our latest fund, the Eighth Cinven Fund, raising $14.5 billion, Cinven is well positioned to take advantage of the opportunities 2024 brings and we look forward to the year ahead.” 

Categories: People

Larry Contrella and Mac Williams named to GrowthCap’s 2023 Top 40 Under 40 Growth Investors

JMI Equity

JMI Equity, a growth equity firm focused on investing in leading software companies, is pleased to announce two JMI investment professionals have been recognized by GrowthCap among the Top 40 Under 40 Growth Investors of 2023. General Partner Larry Contrella and Principal Mac Williams are included amongst the impressive list of awardees.

The exceptional individuals being recognized this year have been at the forefront for years, playing lead roles in developing the world of growth equity and growth buyouts into what it has become today. Many of this year’s candidates received a remarkable number of substantive nominations from CEOs and other colleagues who had worked extensively with the candidate. The most highly endorsed were then selected for final rounds where they were further evaluated on the depth of their deal experience, ability to help the companies they invest in, collaborative work style, and progression towards firm and industry leadership roles, among other attributes.

Larry Contrella, a General Partner in the Baltimore office, joined JMI in 2010. He is responsible for sourcing and evaluating investment opportunities as well as providing strategic and operational support to portfolio companies. Larry is currently a director of Apptegy, Bloomerang, ChurnZero, Incident IQ, RainFocus, and Raptor Technologies.

Mac Williams, a Principal in the Baltimore office, joined JMI in 2016. He is responsible for sourcing and evaluating investment opportunities as well as providing strategic and operational support to portfolio companies. Mac is a director at OnBoard and Raptor Technologies and a board observer at Apptegy, Higher Logic, Ontic, and UKG.

Disclaimer: GrowthCap is a leading growth capital research and advisory firm. The criteria considered for this award is determined by GrowthCap and may include quality of the feedback they received from firm colleagues, portfolio company CEOs, and/or peers in the industry, breadth of deal experience, recent investments and exits, demonstrated leadership, and uniqueness of capabilities, among other attributes. The award is the subjective determination of the party conferring the award and not of JMI Equity. JMI Equity submitted nominations for the investment professionals to be considered for and, once selected, paid to be included on, and to promote inclusion on, this list. The investment professionals received this award in 2024 and Larry Contrella has also received this award in 2019-2022. For more information about GrowthCap, please see their website at growthcapadvisory.com.  JMI is not responsible for the contents of any third-party website and has not confirmed the accuracy of any information provided therein.

Categories: People

Bloomerang Acquires Qgiv to Deliver the Sector’s First Giving Platform

JMI Equity

Company expands its ability to deliver best-in-class fundraising solutions to help nonprofits attract more donors, deepen relationships, and improve fundraising outcomes

INDIANAPOLIS, Jan. 10, 2024 /PRNewswire/ — Bloomerang, the complete donor and volunteer relationship management platform for thousands of small and medium-sized nonprofits, today announced that they acquired Qgiv, a leading provider of fundraising technology solutions. This strategic acquisition accelerates Bloomerang’s vision to build the giving platform of the future.

Nonprofits currently face a shifting donor landscape, dwindling donations, disconnected technologies, and increasingly limited resources–making it difficult to engage supporters and deliver better outcomes. The addition of Qgiv’s best-in-class fundraising solution to Bloomerang’s leading donor and volunteer relationship management platform will accelerate nonprofits’ ability to raise more money and improve fundraising outcomes through stronger relationships with supporters.

“Both Qgiv and Bloomerang are top-rated solutions that lead the market in addressing some of the common challenges that nonprofits face today–raising funds, finding new donors, and cultivating existing donors,” says Dennis Fois, Chief Executive Officer (CEO) at Bloomerang. “Together we can deliver an expanded solution that exceeds the needs of the nonprofit sector–intuitive, easy-to-use donor management, volunteer management, and deep fundraising capabilities–in a single place. By bringing together the best of fundraising and donor relationship management, we can help nonprofits maximize the full potential of their donor communities and ultimately raise more donations, time, and support.”

“The integration between Qgiv and Bloomerang is wonderful,” said Maggie Mestrich, Director of Business Development at Carmel Swim Club. “It eliminates duplicate tasks, makes our stewardship more seamless, and helps our organization work more efficiently.”

Since 2020, fundraising software has seen a big shift in importance for nonprofits. Together, Bloomerang and Qgiv fill a need in the market to accelerate innovations in donor engagement and help nonprofits realize their full potential. The combined solution will provide numerous benefits for nonprofit organizations:

  • Increase fundraising revenue: Uncover high-performing campaigns and strategies to maximize giving potential and improve fundraising outcomes through the unification of data, people, and tools in one place.
  • Enable deeper relationships: Automated constituent insights allow for personalized engagement and deeper relationship-building with supporters.
  • Employ dynamic fundraising: Automatically tap into supporters’ strengths and passions in order to maximize their gifts–whether it’s time, dollars, or talent.
  • Save administrative time: Automate repetitive tasks, spend less time on data entry, and access a wider range of solutions, more support, and additional educational resources.
  • Achieve better outcomes: Deepen supporter engagement to generate long-term giving relationships and more funds raised.

“For 15 years our focus at Qgiv has been providing best-in-class fundraising technology to help nonprofit teams raise more in support of their missions,” says Todd Baylis, Qgiv CEO. “By adding Qgiv’s end-to-end fundraising solution to Bloomerang’s leading donor relationship management platform, we can help nonprofits raise more by supporting the entire donor journey. We recognize that our technologies, people, and skills complement each other, and we have a tremendous opportunity to build the sector’s first and most efficient giving platform.”

Bloomerang’s long-standing integration with Qgiv is available today with plans for more enhancements in 2024 and builds on a continued phase of exciting growth for the company. In 2023, the company launched Bloomerang Volunteer following the acquisition of volunteer management software. The company also released several product updates and enhancements including a refreshed self-serve Donor Portal, dynamic segmentation with its Groups functionality, contactless payment options with Tap to Pay, and a variety of new reports and dashboard updates to support more than 16,000 nonprofit organizations.

Learn more about Bloomerang’s integration with Qgiv.

About Bloomerang

Indianapolis-based Bloomerang is the complete donor and volunteer relationship management solution that helps thousands of small and medium-sized nonprofits deliver a better giving experience and create stable, thriving organizations. Combining robust, simple-to-use technology with people-powered support and training, Bloomerang empowers nonprofits to work efficiently, improve their supporter relationships, and grow their donor and volunteer bases. With Bloomerang, nonprofit professionals love their work and have another teammate in the cause.

Bloomerang is a trusted and acclaimed partner for growing nonprofits. For more information about Bloomerang and to see why real fundraisers recommend the solution to their peers, visit: https://bloomerang.com.

About Qgiv

Qgiv, Inc. is a leading digital fundraising platform empowering 20,000+ nonprofit fundraisers to raise money for their causes while keeping costs low. Through online giving and event registration forms, text fundraising, peer-to-peer fundraisers, and auction events, Qgiv provides a full suite of fundraising solutions that integrate with other nonprofit tools to provide a personalized giving experience for donors.

SOURCE Bloomerang

Categories: News

CapMan Residential Fund acquires two newly built residential assets in Helsinki Metropolitan Area, Finland

Capman

CapMan Residential Fund acquires two newly built residential assets in Helsinki Metropolitan Area, Finland

CapMan Residential Fund (CMRF) acquired two high-quality residential assets at the end of 2023. The transaction is the seventh investment for CapMan’s pan-Nordic core residential fund.

The two buildings with 82 apartments in total were completed in 2023 and are located in the districts of Olari and Soukka, in Espoo. The assets are well-connected to public transport and about 20 minutes from Helsinki city centre. The Olari property is also just a short walk from one of the dominant shopping and service centres in the Helsinki region, Iso Omena.

“We are delighted to add these exceptionally well located newly built assets to our fund, which focuses on investing in high-quality and middle-income residential properties in established and well-connected locations in the Nordic metropolitan areas. While the asset in Olari is already EU taxonomy aligned, also the property in Soukka is targeted to be EU taxonomy aligned once its energy performance certificate rating (EPC) is improved from B to A. The fund’s portfolio in Finland has expanded to 31 assets with this acquisition”, comments Juhani Erke, Partner at CapMan Real Estate.

“These assets complement our existing portfolio very well, and the transaction demonstrates that despite subdued market activity, there are attractive opportunities for well capitalised investors”, shares Mikael Hjorth, Partner at CapMan Real Estate and Fund Director of CMRF.

CapMan Real Estate has approximately €4.2 billion of real assets under management, and the team comprises over 70 professionals located in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Juhani Erke, Partner, CapMan Real Estate, +358 505 495 104

Mikael Hjorth, Partner, CapMan Real Estate, +44 7741 873 663

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics, it has built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. EUR 5 billion in assets under its management, its objective is to provide attractive returns and innovative solutions to investors. An example of this are the greenhouse gas reduction targets that it has set under the Science Based Targets initiative in line with the 1.5°C scenario. It has a broad presence in the unlisted market through its local and specialised teams. Its investment strategies cover minority and majority investments in portfolio companies and real estate, as well as infrastructure assets. It also provides wealth management solutions. Its service business includes procurement services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg and Jyväskylä. It has been listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.

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