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Former Hercules CEO to receive $11.5m severance package

Manuel Henriquez, also the venture debt lender’s former chairman and founder, stepped down after prosecutors charged him with taking part in a college admission bribery operation, to which he pleaded not guilty.
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Funding Circle launches European SME fund as revenue forecasts slashed

Peer-to-peer lender funding circle has announced a second closed-ended direct lending fund, this time focused on Germany and the Netherlands, as it slashes its revenue growth forecasts.

Human underwriters still have the edge over their AI counterparts

Artificial intelligence is gaining ground, but humans still have their uses in private debt underwriting

Hercules elevates two investment pros to lead life sciences, tech groups

The firm also reported its first quarter earnings, which listed its largest portfolio ever at $2.15bn.
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Fintech platforms broaden their reach

A range of fintech debt-lending platforms in the US claim to offer opportunities for new and experienced investors to better diversify their portfolios. Rebecca Szkutak reports

EIB to lend €100 million to Dutch and German SMEs through Funding Circle

Lending platform expects loans to create more than 2,500 jobs as part of a European investment plan.

The false economy of cybersecurity complacency

Increased scrutiny has made cybersecurity more important than ever for fund managers, but vital steps to avoid disaster need not be costly or complex.

Why systems need a reboot

As firms begin to adopt more technology in their investment processes, a lack of integration could hinder LPs rather than help. Rebecca Szkutak reports

Don’t get left behind on technology

Direct lending funds need to take a step into the modern world to deliver more value to their investors, Matthias Kirchgaessner of Plexus Investments tells John Bakie
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