Founded in 2000 and headquartered in London, MV Credit is an independently managed European private credit specialist. With $5.1 billion in assets under management (AUM), MV Credit provides tailored fund solutions to investors across senior direct lending, subordinated direct lending, hybrid, and collateralized loan obligation (CLO) strategies. MV Credit has deployed more than $11 billion since its inception, leading over 500 bespoke transactions of up to $500 million with sponsors such as EQT, Nordic Capital, Cinven and Bain Capital. MV Credit is differentiated by its experienced senior management team, whose members each have more than two decades of investment experience across multiple credit cycles.

Upon closing, Clearlake’s credit business will have over $28 billion AUM, as well as firmwide AUM of over $90 billion. Upon the close of the acquisition, Clearlake’s team will consist of more than 230  professionals with offices in Santa Monica, Dallas, Dublin, London, Singapore, Abu Dhabi, Paris and Luxembourg.

“Credit has been in Clearlake’s DNA since our inception and is core to our firm strategy. MV Credit’s exceptional track record and deep expertise in private credit align perfectly with our existing credit business and strengthen our continuing presence in Europe,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. “Clearlake has deployed over $40 billion in debt and preferred equity investments since 2006, and with MV Credit’s expertise we will broaden our global direct lending capabilities to better serve sponsors and other clients while expanding product offerings for our investors.”

“With this acquisition, Clearlake’s credit business will attain significant scale, with credit AUM growing from ~$6 billion in 2020 to over $28 billion today,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. “We have been very deliberate in how we’ve built our credit business, and the addition of MV Credit, with highly complementary direct lending capabilities, provides us with new opportunities for strategic growth.”

“Clearlake and MV Credit share a similar credit investment philosophy and culture, and we believe the combination will be a winning proposition for the market,” said Frédéric Nadal, Chief Executive Officer of MV Credit. “The demand for private credit keeps growing, and the partnership with Clearlake allows us to further address client needs around the world. Our firms share a culture of teamwork, integrity and commitment to excellence. We look forward to being part of the Clearlake family.”

Kirkland & Ellis LLP and Milbank LLP are serving as legal advisors to Clearlake, while Fenchurch Advisory is acting as financial advisor and Dentons is acting as legal advisor to Natixis IM on the transaction. DLA Piper LLP is serving as legal advisor to the MV Credit Partners.

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As a company dedicated to promoting the forefront of digital currency investment, GICAI’s mission is to use innovative technology to simplify the investment process so that every investor can easily make a profit. GICAI’s CEO said: “Our platform not only marks a major advancement in the field of financial technology and quantitative trading, but also represents our continued commitment to optimizing the investment experience. With the latest artificial intelligence technology, GICAI continues to improve the accuracy and efficiency of market analysis and transaction execution to ensure the safety of funds and stable returns for each user.”

The core advantages of the GICAI platform include:

• Global vision: With in-depth insights into global market dynamics, GICAI can capture and utilize the latest trends in the international market and open up global investment opportunities for investors.
• Advanced technology application: The platform uses the most advanced AI technology for in-depth market analysis and real-time transaction execution, which greatly improves the efficiency and accuracy of transactions.
• Professional team: A team of experienced financial and technical experts provides customers with professional investment advice and customized services to ensure the professionalism of investment decisions and the satisfaction of personalized needs.
• Strict compliance: GICAI strictly abides by international and regional laws and regulations to ensure that the platform’s operations are completely legal and transparent.
• High-quality customer service: Provide one-to-one investment advisory services and responsive customer support to ensure that each user’s specific needs and concerns are addressed.

With the core function of AI quantitative trading, GICAI not only optimizes trading strategies, but also provides real-time market analysis to help investors effectively manage risks and improve investment returns. In today’s rapidly developing digital currency market, the application of this technology is particularly critical, because the uncertainty and complexity of the market require investors to make quick and accurate decisions.

With the continued expansion of the digital currency market and the accelerated digitalization of the global economy, the launch of GICAI is just in time. The platform not only provides users with a safe and efficient investment tool, but also through continuous technological innovation and in-depth market insights, it is committed to enhancing users’ investment value and promoting the progress of the entire digital currency trading industry.

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“We are very pleased to recognize the performance of these three colleagues with well-earned promotions,” said Peter Chung, Managing Director and Chief Executive Officer of Summit Partners. “Each of these colleagues represent well the culture and values of our firm, and has demonstrated incredible commitment to our portfolio companies and our limited partners. Our firm is defined by our strategy, team and culture. We continue to invest in the professional growth of our team and the addition of outstanding new talent to improve the execution of our strategy.”

Yoon Lee has been promoted to Partner. Yoon joined Summit’s London office as the Director of Investor Relations in 2017 and was promoted to the Head of International Investor Relations in 2020. Prior to Summit, Yoon worked at MVision Private Equity Advisers and Citi Investment Banking. Yoon holds a BA in French literature and political science, magna cum laude, from Ewha Women’s University, Seoul, an MA in translation methodology from Ecole Supérieure d’Interprètes et de Traducteurs in Paris and an MSc in management from Hautes Etudes Commerciales (HEC) Paris.

Hanyin Cheng has been promoted to Principal. Hanyin joined Summit’s Boston office as an Associate in 2014 and is a member of the Technology team. His investment experience includes Fuze (acquired by 8×8), Keeper Security, QAD, Redzone (acquired by QAD), StackAdapt and Vensure Employer Services (formerly PrismHR). Prior to Summit, Hanyin worked on the Technology, Media and Telecommunications Group at UBS Investment Bank. Hanyin holds a BA in computer science and economics from Boston College and an MBA from Harvard Business School.

Cody Lee has been promoted to Principal. Cody joined Summit’s Menlo Park office as a Vice President in 2019. As a member of Summit’s Peak Performance Group, Cody works with management teams to help identify and execute growth strategies designed to build long-term value. Most frequently, he collaborates with portfolio companies to help them develop and optimize their marketing programs. Prior to Summit, Cody was a partner at Lever & Dial, an investment and advisory firm dedicated to helping growth companies scale with world-class marketing. Previously, he was Head of Digital Marketing at an integrated creative agency and production company, and he was a foundational member of the paid advertising team at Software Advice (acquired by Gartner). Cody holds a BA, summa cum laude, in English and creative writing from The George Washington University.

In addition, Ryan McDonald joins the firm as a Principal on the Healthcare & Life Sciences team. Ryan is based in Menlo Park and was previously with Norwest Venture Partners, where he spent more than a decade investing in high-growth healthcare technology and services companies. Earlier in his career, Ryan held roles in the leveraged finance groups at both Bank of America and Stifel Nicolaus and served as the President and co-founder of a dietary supplement company. Ryan holds a BS in business management, with a concentration in economics, from Babson College.

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As Principal, Laufer is focused on investments in FinTech and Healthcare IT. He will also establish the sixth Center of Excellence under the Edison Edge, the firm’s value creation platform, focused on Corporate Development. The Edison Edge accelerates and scales growth with a people-first approach that is complemented with playbooks and programming tailored to each company’s stage, strategy and operating needs.

“Grit, commitment, strategic thinking, and rapport are some of the key attributes we look for in our team members and Ben exemplifies each of these,” said Chris Sugden, Managing Partner. “Add to that his impressive track record of success and we knew he’d be a great fit. We’re pleased to have him onboard and look forward to Ben contributing in a big way.”

Over his career, Laufer has been involved with approximately $200 billion of transaction volume across multiple sectors and deal structures. Prior to Edison, he was a director at private equity firm PeakEquity Partners focused on enterprise software. Laufer also held positions at MRI Software, investment manager NISA, and software-focused investment bank Arbor Advisors. In addition to his investment experience, Laufer co-founded two successful companies. As Managing Partner of advisory firm, The Garex Group, he played a crucial role in supporting strategic and operational initiatives for entrepreneur-led software businesses. And as CEO of talent management company Talemon Advisors, he helped athletes, artists and entertainers effectively monetize their brands.

Beyond his professional life, Laufer is an accomplished musician, having toured globally with symphony orchestras. He was also a California state chess champion and placed second in the United States as an amateur.

“I am incredibly excited to join what I consider to be the preeminent firm for growth-stage value creation. I’m looking forward to collaborating with my new team, the entrepreneurs that we support, and our partners to create the next generation of Edison success stories,” said Ben Laufer, principal.

Laufer earned a bachelor’s in science, Technology and Society from Stanford University and an MBA in both Finance and Management from The Wharton School at the University of Pennsylvania.

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Table of Contents

1. Understanding Embedded Wealth
2. Technological Enablers
3. Examples of Embedded Wealth
   • 3.1. Micro-Investing Apps
   • 3.2.Smart Homes and Energy Investment
   • 3.3. Gamified Investment Platforms
4. Benefits of Embedded Wealth
   • 4.1. Financial Inclusivity
   • 4.2. Personalized and Contextualized Investments
   • 4.3. Diversification and Risk Mitigation
5. Challenges and Considerations:
   • 5.1. Regulatory Frameworks
   • 5.2. Data Privacy and Security:
   • 5.3. Investor Education:

Conclusion

• Understanding Embedded Wealth

Embedded wealth represents a paradigm shift where traditional investment practices are seamlessly integrated into various aspects of our lives. It goes beyond conventional investment vehicles, such as stocks and bonds, and creates opportunities for individuals to invest in diverse areas that were previously untapped. This novel approach aims to empower individuals by enabling them to align their financial goals with their daily activities.

• • Technological Enablers

Embedded wealth is made possible by advancements in technology, particularly through the integration of artificial intelligence (AI), the Internet of Things (IoT), and blockchain technology. These technological enablers provide a foundation for embedding investment opportunities into various aspects of life, offering a more personalized and accessible investment experience.

• Examples of Embedded Wealth

3.1. Micro-Investing Apps

Micro-investing apps have gained popularity in recent years, making it easy for individuals to invest small amounts of money. These apps round up purchases made through linked debit or credit cards and invest the spare change into diversified portfolios. With a low barrier to entry, micro-investing apps democratize investment opportunities for a broader audience.

3.2. Smart Homes and Energy Investment

The rise of smart home technology and renewable energy presents an avenue for embedded wealth. Homeowners can install solar panels and generate surplus energy, which can be sold back to the grid or shared with others through peer-to-peer energy trading platforms. This not only reduces energy costs but also creates an investment opportunity within the residential ecosystem.

3.3. Gamified Investment Platforms

Gamification has gained traction as an engaging method to introduce investment concepts and encourage participation. By transforming the investment experience into a game-like interface, users can learn and invest in virtual portfolios, making investment education and practice more accessible and enjoyable.

• Benefits of Embedded Wealth

4.1. Financial Inclusivity

Embedded wealth opens doors for a wider demographic to engage in investment activities. By offering lower investment thresholds, simplified processes, and user-friendly interfaces, it enables those who were previously excluded from traditional investment avenues to participate and build wealth.

4.2. Personalized and Contextualized Investments

Embedded wealth allows individuals to align their investments with their interests, values, and lifestyles. By embedding investment opportunities into everyday activities, such as shopping, commuting, or energy consumption, it creates a more personalized and contextualized investment experience.

4.3. Diversification and Risk Mitigation

Embedded wealth offers opportunities for diversification beyond traditional asset classes. It allows investors to spread their risk across different sectors and asset types, mitigating the impact of market volatility on their overall portfolio.

• Challenges and Considerations

5.1. Regulatory Frameworks

As embedded wealth expands, it poses regulatory challenges, as novel investment models and technologies may require adaptations to existing frameworks. Striking a balance between innovation and investor protection is crucial to ensure the sustainability and legitimacy of embedded wealth.

5.2. Data Privacy and Security

Embedded wealth relies on the collection and utilization of vast amounts of personal data. Ensuring robust data privacy measures and cybersecurity protocols is essential to build trust among investors and maintain the integrity of embedded wealth platforms.

5.3. Investor Education

With the advent of new investment models and technologies, investor education becomes paramount. Providing accessible and comprehensive education to users, along with transparent information about risks and returns, will enable individuals to make informed investment decisions.

Conclusion

The future of investment lies in the integration of financial opportunities into our daily lives, shaping the concept of embedded wealth. With advancements in technology and a shift towards personalized and accessible investment experiences, embedded wealth has the potential to democratize finance and empower individuals to grow their wealth in innovative ways. As this paradigm unfolds, it is vital to address challenges, adapt regulatory frameworks, and prioritize investor education to unlock the full potential of embedded wealth for all.

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