PwC finds global market volatility slows – US IPO activity decreased in the third quarter of 2015, as market volatility increased and investors paused to evaluate the impact of
PwC finds global market volatility slows – US IPO activity decreased in the third quarter of 2015, as market volatility increased and investors paused to evaluate the impact of slowing growth in China and other markets, among other global macro-economic and geopolitical concerns. There were a total of 45 IPOs that raised USD7.3 billion in the third quarter of 2015, according to IPO Watch, a quarterly survey by PwC US.
Young entrepreneurs lead the way – Albion Ventures' third Albion Growth Report has revealed that young entrepreneurs aged under 35 are, on average, twice as ambitious about their company's growth prospects and four times as likely to hire new staff than older generations of business owners.
P2P lender takes BE stress test – Landbay recently became the first (and still only) Peer to Peer (P2P) lender to put themselves through full blown Bank of England stress testing (same as the banks have to do) and then publish the results – which showed that they passed with flying colours. The firm asks, should all P2P lenders submit themselves to these test?
LGIM calls for a healthier debate on energy transition – Meryam Omi, Head of Sustainability at Legal & General Investment Management (LGIM), has appealed to divert the negative energy on climate debate to the urgent need to deploy capital into creating a positive energy system. Omi says: “We are still largely in denial over the two major forces, climate policy and technological progress that are changing the dynamic of our energy use.”
Institutional investors to increase exposure to multi-assets – Nearly two thirds (65 per cent) of institutional investors believe that their peers' exposure to multi-asset funds will increase over the next three years as the search for value and yield intensifies, according to research from NN Investment Partners.
Ireland's mortgage arrears crisis still not resolved – Moody's Investor Services said persistently high arrears indicate that Ireland's mortgage arrears crisis is not yet resolved, as the level of late-stage arrears is still the highest in Europe. However, the rating agency expects mortgage arrears and losses to decline next year.
CVC opens in Poland – CVC Capital Partners (CVC), a private equity and investment advisory firm, is opening an office in Poland, extending its global network to 23 offices. Krzysztof Krawczyk, a seasoned Central and Eastern European (CEE) investor, will join CVC in October as Head of Poland and will be based in Warsaw. The office opening follows the recent agreement to invest in PKP Energetyka, the energy unit of the Polish National Railways (PKP).
Real estate lending platform enjoys growth – PeerStreet, a marketplace-lending platform for real estate debt, reports a dramatic increase in investor demand for non-bank real estate debt (from institutional and retail investors) and as a result, the firm claims it is outpacing the growth of consumer debt platforms such as Prosper and Lending Club, as well as its real estate lending peers.
