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[pdf-embedder url=”https://convergenceinc.com/wp-content/uploads/2019/02/Convergence-Press-Release-2.21.19.pdf” title=”Convergence Press Release 2.21.19″]
On November 19th, 2018 Private Equity Firm GTCR separately acquired Ultimus Fund Solutions (Ultimus) and Gemini Fund Services (Gemini), which will operate as Ultimus Fund Solutions (Ultimus). Convergence created a “pro-forma” view of the Private Assets and Funds of the combined firm.
Check out the latest Convergence Insight to see how our 2018 forecast stacks up against the year-to-date activity![pdf-embedder url=”https://convergenceinc.com/wp-content/uploads/2018/11/Convergence-Insight-30-Ultimus-Gemini-Merger-1.pdf” title=”Convergence Insight #30 Ultimus-Gemini Merger”]
In Q3 2018 YTD, Capital raised by new and existing issuers totaled $940.9BN, down 4% from Q3 2017 YTD levels. New and existing fund issuers raised $311.0BN and $629.8BN, respectively, with Hedge Funds up 40%, Private Equity down 8%, Venture Capital down 2% and Other Funds down 28%.
Check out the latest Convergence Insight to see how our 2018 forecast stacks up against the year-to-date activity![pdf-embedder url=”https://convergenceinc.com/wp-content/uploads/2018/10/Convergence-Insight-29_Capital-Flows-into-Alternative-Asset-Funds-Q3-2018.pdf”]