Barclays Wealth and Investment Management related stories
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US Bank hires head of private capitalJonathan Firestein, former director of research for Wells Fargo Family Wealth, has been named head of private capital for US Bank's division that invests on behalf of ‘ultra high net worth’ clients.
- Bregal buys breached Barclays investment
Novem Beteiligungs, a Barclays portfolio company, had been under the trusteeship of a German law firm until its sale.
- ArcLight fundraise gets back on track
After languishing for months, Boston-based ArcLight’s fifth fund appears to be on a marketing tear, having raised nearly $900m since May.
- HSBC hires head for private equity push
HSBC has made ex-UBS banker Simon Jennings (pictured) head of private equity, a newly-created role, as it seeks to broaden its alternatives offering.
- Blackstone in £385m BPO exit
The listed firm has agreed to sell Mumbai-headquartered business process outsourcing firm Intelenet, whose customers include Barclays, State Bank of India and Travelport.
- UK launches business growth fund
The UK government-backed Business Growth Fund, chaired by Sir Nigel Rudd, will make £2.5bn available to invest in British SMEs.
- CCMP exec to head £2.5bn fund
Stephen Welton, a senior member of JPMorgan spinout CCMP Capital Advisors, will act as CEO of Business Growth Fund, which will be chaired by former Barclays director Sir Nigel Rudd.
- ArcLight collects $383m for Fund V
The energy investor has set a target of $2bn for its fifth fund. Barclays' wealth management division has introduced 'select' clients to the fund.
- Patni auction nears close
A winner for the Indian asset is likely to be determined this week, putting to rest a bidding war which has involved private equity firms Apax Partners, The Carlyle Group and Advent International.
- Barclays drives away with 2.7x exit on car leaser
Morgan Stanley has acquired a 60% stake in car leasing company Zenith for £85m, representing the fourth buyout in seven years for the company.