Fundraising
Carlyle spin-out Resource closes debut fund
Despite challenging market conditions, successful fundraising in the CEE region is not out of reach, as Kimberly Romaine finds out.
Widening gulf between the haves and the have-nots
Today’s press coverage of David Rubenstein’s predictions on the future of the global private equity market serves again to highlight the increasing polarisation within the industry. Julian Longhurst reports.
Funds-of-funds: A bifurcating market
While the 2005-2008 private equity boom is most commonly associated with the surging activity in Europe’s buyout markets, other areas, including the fund-of-funds segment, witnessed the same unsustainable growth and have felt the same shuddering crash....
Augur Capital holds €70m first closing on latest fund
Augur Capital has held a first closing at €70m for its Augur FIS Financial Opportunities II fund.
CapMan fund holds first close at €60m
CapMan has held first close of its CapMan Mezzanine V fund having raised €60m.
Carey Olsen appoints new partner
Carey Olsen, the Channel Islands based law firm has appointed James Mulholland as a partner in its corporate and funds practice.
Verdane Capital closes latest fund above target
Verdane Capital Advisors has closed its Verdane Capital VII secondaries fund above its SEK 1.5bn (€160m) target.
Forbion closes two funds
Forbion Capital Partners announced the final closing of two life science funds FCF I Co-Invest Fund and FCF II, raising a total of €190m.
Three managers spin out from KBC Private Equity
Three former executives of Belgian investor KBC Private Equity have spun out to form new small-cap, later-stage outfit Think2Act Partners, according to local press reports.
Gilde Healthcare III secures Philips commitment
The recently launched Gilde Healthcare III fund has attracted Royal Philips Electronics as a cornerstone investor.
Specialisation key for first-time funds
With relationship-based investing seeping into the markets, as risk averse LPs gravitate towards managers they have had previous relationships with, first-time funds have had to strengthen their people-pitch. A number may have found a way out of the dilemma,...
NVM Private Equity to raise £15m in share issue
NVM Private Equity has announced it will raise £15m in a public offering of new shares for the listed Northern Venture Trust fund.
Fundraising: GPs face uphill climb
The wheels of the industry are gradually grinding into motion, with some notable fundraisings in 2010 so far. With activity expected to pick up, what awaits the European GPs looking to refill their coffers later in 2010 or into 2011? Julian Longhurst...
Family offices staying true to private equity
The fundraising market in the past two years can be described as challenging at best with many LPs said to be looking at reducing their private equity allocations. Results of a recent survey that family offices are seeking greater exposure are therefore...
Solvency II: Doubts cast over private equity risk measures
The scramble for cash among GPs is set to heat up as they prepare for another reduction in capital allocations – this time from European insurers - as regulators work on plans forcing them to hold additional cash as a buffer against private equity risk....
Alchemy holds first close at more than £280m
Alchemy Partners has held a first close at just over £280m on its second fund that is looking to invest in financially distressed European companies.
Augmentum Capital announces formal launch
Augmentum Capital has formally launched its fund today, looking to invest £50m in private equity investments over the next three years.
Partners Group closes mezzanine fund on €553m
Swiss-based Partners Group has closed its mezzanine fund Partners Group European Mezzanine above target at €553m. The fund attracted investments from corporate and public pension plans, insurance companies, financial institutions, endowments as well...
Panoramic Enterprise Capital Fund achieves first closing on £34m
Panoramic Growth Equity has reached the first closing of its SME growth fund, Panoramic Enterprise Capital Fund 1 (Panoramic ECF 1), on £34m.
Astorg to raise €1bn buyout fund
Media reports suggest that the French mid-cap buyout house Astorg is planning to raise a €1bn buyout fund this year.
Southern Europe unquote" May 2010
Figures from the recently published unquote” Private Equity Barometer, produced in collaboration with Candover, indicate that there was good news in the form of an increase in the aggregated value total, though the modest 2.6% rise from €10.3bn to...
Trend report: Nordic PE/VC in 25 years
To celebrate SVCA’s 25-year anniversary, the SVCA and Nordic unquote” set out to see what the industry itself expects from the next quarter of a decade.
Recovery fund: releasing the shackles of debt
ICG’s new recovery fund specifically supports companies chained down by over-leverage, rather than loss-making businesses that require a complete turnaround. Francinia Protti-Alvarez investigates
Fundraising: Unlocking LP appetite
Fundraising in the current environment can feel like facing a series of closed doors, but there are ways of unlocking LP commitments. Julian Longhurst reports