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​PKA’s private equity arm opens doors for third-party investment

first_imgThe private equity arm of Danish labour-market pension provider PKA is looking to attract third-party institutional investors to invest in its private markets funds – and expects assets to grow to DKK100bn (€13.4bn) in the next two years.The company has rebranded as Institutional Investment Partners Denmark (IIP Denmark) – it was previously known as PKA AIP Private Funds.In an announcement yesterday, IIP Denmark said it would be “seeking to provide a select few Danish institutional investors access to attractive investment opportunities in private markets” through its existing network as well as partnerships with “new best in class investment managers”.The private equity firm has obtained approval from the Danish Financial Supervisory Authority in order to be able to invest on behalf of others. IIP Denmark was an expansion of its investment platform, PKA said, which had been committing capital to private equity managers globally on behalf of pension fund’s 320,000 members since 2012.The PKA unit said it would continue managing existing commitments while investing its current three-year DKK19bn (€2.5bn) private markets mandate. On top of this, it would also be investing a newly established DKK2bn venture capital mandate. Anette EberhardAnette Eberhard, managing partner of IIP Denmark, told IPE that the firm was investing DKK65bn on behalf of PKA, with that amount was expected to increase.“All together we expect to manage around DKK100bn in two years,” she said.Asked how the addition of third-party investment would benefit PKA’s existing pension funds, Eberhard said: “First of all the third-party investments will lower the cost per Danish krone invested for all IIP investors. Additionally, our platform will consolidate in terms of investment qualifications, governance etc – in short you could call it scale benefits.”“We are pleased to have all the support from PKA and look forward to welcoming new investors,” Eberhard added.PKA announced in April 2018 that it was splitting its alternatives investment arm into two businesses and inviting co-investments – one part of which became AIP Private Funds under Eberhard’s leadership from October 2018.last_img read more

BCCI to wait, watch before fixing IPL schedule

first_imgBCCI and IPL franchise owners have decided to adopt a wait-and-watch approach over when and how to hold the IPL They want to give health and safety of the players and people involved in holding the IPL priority and are likely to discuss its schedule again after two-three weeks, depending on how the COVID-19 (novel coronavirus) situation unfolds in India, where, as of Friday, two lives have been lost because of it.The BCCI top brass met top executives of all eight franchises at its headquarters in Mumbai yesterday, including Kolkata Knight Riders co-owner Shah Rukh Khan, Mumbai Indians owner Akash Ambani, Kings XI Punjab co-owner Ness Wadia, after the board had deferred the start of the tournament until April 15.BCCI president Sourav Ganguly said that now that two weeks of the schedule was lost, there was no option but to hold a “truncated” IPL, and the board would “assess and monitor” the situation in the country on a weekly basis. Whether the IPL will be truncated in terms of days or matches remains to be seen.“If it is (postponed till) April 15, then in any case 15 days are gone, so it has to be truncated one,” Ganguly said. “How truncated, how many games I can’t say at the moment.”Wadia said that the BCCI, the franchise owners and host broadcaster Star Sports had decided to prioritise people’s health and that they were not concerned by any monetary downsides. Wadia even said he was prepared for the possibility of the IPL not happening at all if the situation did not improve.ESPNcricinfo understands that a few other scheduling options, including a truncated IPL, came up for discussion during the meeting but it was too “premature” to take the discussions forward right now.“The meeting was to discuss the possible scenarios. Number one, most importantly, everyone in India and the world must understand, (neither) the BCCI, nor the IPL or Star is here to gain monetary benefit by having the IPL,” Wadia told reporters after the meeting. “All the stakeholders, especially the BCCI and owners and Star, feel that it is incorrect to think about even one rupee. So we are not interested in money, we are not interested in having any gain from this situation and trying to hold the IPL without a clear understanding of the situation. Having said that, number one is that the health and safety of everyone is looked after.“Number two, we will follow whatever the government direction is.“From a third perspective, no one is in a position to say when it’s going to start. We will review the situation after two-three weeks and hopefully by then the (coronavirus) cases will reduce. We should be clear that the most important thing is health and safety, not (financial) gain at the moment. We are not here to earn money, we are here to serve and protect the people.” Public sentiment needs to be considered too – Shah Rukh KhanESPNcricinfo understands all eight franchises had held a teleconference on Friday to discuss issues that needed the IPL to address at yesterday’s meetings. The main points of discussion were: would the owners want to go ahead with the tournament, should it be played behind closed doors?It was agreed that they did not have much of an option other than following the BCCI and government directive.During that conference Shah Rukh Khan, who stressed that the public’s feelings must assume top priority. “Whatever you do, the common man should not get a feeling that we are pushing for the IPL. It is their sentiment that needs to be considered, too, before any call is taken,” a franchise executive, who was present on the call, said of the point Shah Rukh had made.A day later, Shah Rukh reiterated that stance to the BCCI. “What has to be borne in mind is firstly how does the aam janata (common man) see it? What are their feelings? That has to be looked at along with the other aspects,” is what Shah Rukh is supposed to have said, according to a franchise’s CEO who was present at yesterday’s meeting.BACK-UP OPTIONSBefore deciding to defer IPL 2020 as well as rescheduling the India-South Africa ODI series the BCCI’s top brass, led by its president Ganguly and secretary Jay Shah, met with Uday Shankar, head of Star India, the host broadcaster, in Mumbai on Friday. In 2017 Star had paid a record sum of US$2.55 billion to get the global broadcast rights for the IPL until 2022.One of the points for discussion was stretching the tournament past May 24 – according to the original schedule, the final was scheduled to be held on this date. Keeping in mind the onset of monsoon in the first week of June, the latest cut-off date was set as June 5. At yesterday’s meeting, the franchises were told that tournament could be played until first week of June if needs be.The other options, as reported by ESPNcricinfo on Friday, included the possibility of more double-headers. One other option discussed yesterday was: in the case there would be a government clearance to go ahead with IPL in April, it could be played at limited venues to curtail travel – something many countries are banning people from doing amid the growing outbreak of the coronavirus pandemic.The participation of the overseas players was another concern for franchises and BCCI agreed that in case no players from outside India could feature then the tournament might not go ahead. However, with the situation in flux, all stakeholders agreed that it would be prudent to not rush into any decision and instead wait for the BCCI to update the franchises periodically.When asked if any back-up options of rescheduling the tournament were discussed in the meeting that lasted around 90 minutes, Wadia said: “That’s hypothesising. This is not a situation to hypothesise. This is a serious pandemic. Thousands of people have died across the world, luckily only two in India.“As far as your next question, ‘will the foreign players come or not?’ I don’t know. There is a (visa) ban till April 15 and then we’ll see. So if IPL happens, great; if it doesn’t, so be it.”Parth Jindal, co-owner of Delhi Capitals, said BCCI will “probably” call for another meeting with the owners in the coming weeks after “watching” the situation as the board keeps in touch with the Indian government. The central government placed several travel restrictions for people going in and out of India, cancelling all visas until April 15. The government had also said sporting organisations would need to adhere to the health ministry’s guidelines to avoid mass gatherings which had prompted BCCI to think about holding IPL matches in front of empty stands.“We are committed to IPL, we would like IPL to happen but we have to wait and watch based on the virus and how it progresses,” Jindal said.The coronavirus has struck over 100 countries globally, leading to over 5 000 deaths and forcing cancellation and rescheduling of all international and domestic cricket. Soon after the IPL was deferred on Friday, BCCI and Cricket South Africa announced the rescheduling of the remaining two India-South Africa ODIs that were to be played on March 15 (Lucknow) and 18 (Kolkata). The first Australia-New Zealand ODI happened in front of empty stands at the SCG on Friday and the remaining two ODIs as well as the subsequent three-match T20I series were also cancelled yesterday after the New Zealand government imposed travel restrictions amid the coronavirus pandemic. (ESPN Cricinfo)last_img read more

  Confed Cup: Eunisell Backs Rivers UtdÂ

first_imgEunisell, the official front-of-shirt sponsor of Nigerian side, Rivers United, hascharged the Port-Harcourt club to overcome their Ugandan opponents, Kampala City Council Authority, inTuesday’s CAF Confederation Cup clash, at the Yakubu Gowon Stadium, Port-Harcourt. The Nigerians lost the reverse fixture 1-2 in Kampala and require victory to boost their chances of making it to the knock-out stage. “As front-of-shirt sponsor, Eunisell strongly believes Rivers United can achieve victory, on Tuesday.  The interesting aspect of football is the determination to succeed. You have to fight till the end.“Excellence is our watchword at Eunisell and we believe Rivers United can imbibe same to revive their continental campaign. It is a new beginning and Rivers United can take full control,” Eunisell said in statement made available to the media.Eunisell, a leading global chemical and specialty fluid management company, supplying key products and solutions to a wide base of customers operating in Africa, entered the history books as the first brand to remain front-of-shirt sponsor in the Nigeria Professional Football League for three consecutive seasons. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

UW pulls off Minneapolis miracle

first_imgDEREK MONTGOMERY/Herald photoMINNEAPOLIS — In a game billed as a match-up of two of the nation’s top running backs, Laurence Maroney stole the spotlight. However, a true freshman named Jonathan Casillas stole the game, and with it, Paul Bunyan’s Axe.Casillas, a first-year backup linebacker, blocked a Minnesota punt that was eventually recovered in the end zone with 30 seconds remaining in the game to give Wisconsin a 38-34 come-from-behind win in the Hubert H. Humphrey Metrodome.Gopher punter Justin Kucek bobbled the snap on a fourth-and-one from the Minnesota 17-yard line, and with Casillas closing in, still attempted to get the ball away. Instead, the kick traveled straight into the Wisconsin freshman’s arms and deflected into the end zone. Casillas then kept the ball in bounds where sophomore reserve cornerback Ben Strickland fell on it for the winning score.”First of all I thought [Kucek] was trying to run with it,” Casillas said. “So I was like, ‘I’m going to make the tackle’ … and then I saw him put the ball out, so I was like ‘Oh my God. I’ve just got to put my hands out and hope for something.'”Minnesota had one last chance, but return man Jakari Wallace fumbled the ensuing kickoff on a hit from UW reserve linebacker Josh Neal. Fellow backup linebacker DeAndre Levy recovered to seal the Gophers’ fate.Maroney carried the ball 43 times for 258 yards, including a 93-yard touchdown run in the loss. The Wisconsin defense failed to stop Maroney and backup tailback Gary Russell for nearly the entire game, but stopped Maroney one yard shy of a first down on Minnesota’s final possession to force the fateful punt.”We knew we had to make a difference as a defense,” defensive tackle Nick Hayden said. “We just had to give the offense a chance to score and that’s what we did.”Maroney’s score, the second-longest rush in school history, put Minnesota in front 17-10 2:34 into the third quarter after an even first half. The Gophers never trailed in the game’s second stanza until Strickland’s recovery, thanks in large part to the contributions of Maroney and Russell.In breaking the 200-yard barrier, Maroney became the first player in school history to record three such performances in one season. Russell supplemented the effort with 139 yards and two touchdowns of his own, a career high in yardage for the sophomore from Columbus, Ohio.”The thing they’ve got going, it’s a one-two punch,” UW defensive coordinator Bret Bielema said. “They’ve got two guys coming, they rotate those guys through. As soon as they see one guy put his hands on his knees, that he’s getting a little tired, they bring the other guy right in.”Both of Russell’s touchdowns came in the second half, including a one-yard plunge that extended Minnesota’s lead to 34-24 with just 3:27 remaining in the fourth quarter. Russell’s score capped a 19-play drive that spanned 80 yards and took 7:48 off the clock.”It’s frustrating because our defense, we’re a tough defense and to let a team drive on you like that, 19 plays, is not really saying that you’re a tough defense,” linebacker Dontez Sanders said.Wisconsin quarterback and Richfield, Minn. native John Stocco responded by leading the Badgers on a seven-play, 71-yard scoring drive, capped by a 21-yard touchdown to senior wide receiver Brandon Williams.Still trailing 34-31 with just 2:10 remaining on the game clock and only one timeout, the Badgers tried an onside kick, with punter Ken DeBauche doing the honors. DeBauche’s offering bounced off of Gopher cornerback Trumaine Banks’ hands and squirted all the way down the field to the Minnesota eight-yard line, where Maroney fell on the ball.Entering the match-up, the game was thought to be a showdown between Maroney and Wisconsin tailback Brian Calhoun, the two leading rushers in the Big Ten. And while Maroney ran for 100 yards in the first half, Calhoun started slow. He scored the first touchdown of the game with 25 seconds left in the first quarter to break a scoreless tie, but rushed for just 14 yards on seven carries.Calhoun came alive after halftime, though, to finish with 110 yards and three scores on the game to go along with three catches for 29 yards, all in the second half. Each of his scores cut the Minnesota lead to three points, with his final touchdown coming 3:45 into the fourth quarter to bring Wisconsin within 27-24.”The offense battled, kept us in games two weeks in a row,” Alvarez said. “And to get rewarded the way we did and sneak out of here with a win, it’s pretty good.”last_img read more

Nicolette Serratore uses relaxed demeanor to excel at serving

first_img Published on September 9, 2015 at 10:33 pm Contact Kevin: kjpacell@syr.edu Syracuse was tied 10-10 in its third set against Georgia when outside hitter Nicolette Serratore prepared to serve.SU suddenly opened up a lead with a string of six consecutive Orange points featuring four Serratore aces.“Against Georgia I was just really attacking certain players that I could see were struggling,” Serratore said.Her service success was not an isolated incident. Her 0.78 aces per set average ranks first in the Atlantic Coast Conference, and her efforts on this front contribute to Syracuse’s (5-0) two aces per set, 14th most in the country. Serratore and her team hope to continue their strong service game as they enter the LIU Blackbird Invitational in Brooklyn, New York, this weekend.When serving, Serratore tries to stay relaxed. Each time she serves, she does two “twisting bounces” and rotates the ball twice while holding it. She then faces it a certain direction before breathing deeply and serving it.AdvertisementThis is placeholder textIt’s a ritual she has performed for four or five years, and brings her a sense of comfort. It makes her feel like she’s in practice, as opposed to being in a high-pressure game situation.Serratore tosses the ball at just the right height before striking it with a flat hand to prevent the ball from rotating in the air.“It kind of is moving through the air, and it just throws off their pass a little bit,” Serratore said.Her serve, which is classified as a jump float, also relies on the ball staying low and dropping quickly onto the court.Serratore isn’t the only Syracuse player who has been successful serving. Four other Orange players have recorded four or more blocks so far, all contributing to the team’s 36 aces through 18 sets this season.Through its first five matches of last season, Syracuse only recorded 26 aces in 20 sets.A successful service game not only increases the number of aces, but also improves the offense as a whole.“Everything basically starts with the serve,” senior setter Gosia Wlaszczuk said. “And whenever we serve well (it) makes our life way easier and we can just run our offense and stop them.”Wlaszczuk also said that moving the opponent away from the net by serving well makes it hard for them to play in the middle of the court. As a result, the Syracuse blockers are able to set up successful double blocks on the left or right sides.Senior outside hitter Silvi Uattara is impressed with the marked improvement of her team.“I’m really impressed (with) how much better we became in running offense,” she said.Despite the team’s five consecutive wins to open the season, more difficult games against No. 13 Arizona and No. 15 Ohio State are looming this weekend.The magnitude of these matchups shouldn’t negatively impact Serratore’s service game. She has already been utilizing an appropriate strategy.“Just kind of staying calm … just taking the pressure off and not thinking about what the score is or anything like that,” Serratore said. “Just getting the ball hard and into the court I think is really helping me.” Comments Facebook Twitter Google+last_img read more

CAF Confederation Cup Final: TP Mazembe Earn Slender Advantage

first_imgTP Mazembe have taken a slender lead in their CAF Confederation Cup clash with South African side Super Sport United after the first leg took place at the Stade TP Mazembe in Lubumbashi on Sunday.Adama Traore and Ghanaian midfielder Daniel Nii Adjei scored either side of halftime to give TP Mazembe a 2-1 victory at home while Sipho Mbule’s goal was sandwiched in between their goals thus giving Super Sport United a priceless away goal.Because of the win, TP Mazembe would be expected to start as slight favourites ahead of the second leg clash in South Africa on Saturday, November 25. RelatedCAF Confederations Cup: Club Africain, TP Mazembe Qualify For SemisSeptember 25, 2017In “Africa”TP Mazembe Hold Off Super Sport To Retain CAF Confederation Cup TitleNovember 26, 2017In “Africa”2017 CAF Confederations Cup: Super Sport United Through To SemisSeptember 24, 2017In “Africa”last_img read more

Jo’burg to host U-20 Championship

first_imgJohannesburg has been named as the host city for the rescheduled African Youth Championship, the Confederation of African Football confirmed on Tuesday.Ghana would defend the continental title won two years ago in Rwanda when the competition begins. Ghana is Group B with Cameroon, Nigeria and the Gambia.Caf said in a statement that the eight-nation tournament will now run from April 17-May 1, a month later than initially planned.South Africa were awarded the right to host the African Youth Championship in mid-March after Caf moved the tournament for U-20 players from the conflict-hit Libya.South Africa replaces Libya in Group A alongside Mali, Lesotho and Egypt.The top two teams from each group qualifies for the semifinals with all four semifinalists sealing their slots as Africa’s representatives at the FIFA Under-20 World Cup in Colombia, which begins in late July. Source: Ghanafa.orglast_img read more

Nyantakyi backs Ghana U20 to win World Cup

first_imgGhana FA president Kwesi Nyantakyi has no doubts the Black Satellites can win the 2013 FIFA U20 World Cup this summer in Turkey.Nyantakyi heaped praise on the team which fought gallantly to lose 5-4 on penalties to Egypt in the final of the African Youth Championship in Algeria last Saturday.The team have been handed a tough draw alongside powerhouses Spain, France and USA in Group A.But Nyantakyi believes the team have the credentials to win a second FIFA World Youth trophy.“Three of you were chosen among the best XI, two of you in the reserve team and you made us every proud with this performance,” Nyantakyi told the contingent on their arrival in Accra.“We are looking forward that at the World Cup in June/July in Turkey, this team will make a case for Ghana. “We lost this championship by inches through the penalty shoot-out and I hope the technical team will pick up the pieces for us to go to Turkey and win this time not silver but gold.”Ghana became the first African country to win the tournament in 2009 by beating Brazil on penalties.last_img read more

Jamal Crawford good to go for LA Clippers’ opener

first_img“It’s nothing,” he said. “I’ll be fine. No pain at all. I just don’t want it to get hit again in practice.”Crawford missed 18 of 82 regular-season games because of injury this past season, during which he averaged 15.8 points.Crawford talks Paul PierceSeventeen-year veteran Paul Pierce showed he’s still got it when he scored 14 of his 19 points off the bench during the fourth quarter of Thursday’s 115-109 come-from-behind victory over the Portland Trail Blazers. The 38-year-old from Inglewood High made four of his five 3-pointers in the fourth as the Clippers overcame a 35-point second-quarter deficit.Crawford intimated he isn’t surprised by anything Pierce does. “I watch so much basketball, like I really feel like I know everybody’s game pretty much inside and out,” Crawford said. “Paul is exactly who I thought he’d be.“I’ve actually known Paul since I was 14 years old in high school when I was living out there. We used to get in arguments then, so it’s funny to be on the same team now. It’s funny how our careers have gone.”Rivers reflects on Flip SaundersCoach Doc Rivers talked about some of the good times he had with Flip Saunders, the Minnesota Timberwolves head coach who died Sunday at age 60 after a fight with cancer.“We were very close, obviously,” Rivers said.His favorite memory came when Saunders began flying with the Boston Celtics during the 2012 playoffs as an unofficial assistant coach after Saunders had been fired by the Washington Wizards. Rivers and Saunders had a deal where they would walk back to the hotel after a road game, regardless of the distance. The first round in Atlanta was a two-mile walk.“Then we got to Philly and that walk was 7 1/2 miles. And so the first game we did it, the second game we did it,” Rivers said. “And then we lost (Game 6), which we could have knocked them out. We go back in the coaches’ room and everybody’s down. But Flip looked just despondent.“And I was like, ‘Why are you so upset?’ He said, ‘I don’t care about the loss, I’m pissed because we have to talk back to the hotel 7 1/2 miles.’ And we did it. He was just great to be around. I love him. It’s really sad.” Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img When Jamal Crawford suited up but did not play in the Clippers’ final exhibition game Thursday, it was somewhat alarming.But Crawford on Monday before practice declared himself fit and ready to roll for Wednesday’s season opener at Sacramento.“I was playing one-on-one before practice the other day (this past Wednesday) and I got hit,” Crawford said. “It just felt like my funny bone. I was like, ‘Oh, no problem.’ After practice, afterward at night, I was going to the store to get some bottled water and I looked at my arm and it was swollen.”Crawford was officially diagnosed as having a right triceps contusion. No big deal, the 35-year-old sixth man said.last_img read more