GPs
unquote" 6 April 2010
LP/GP relationships are changing like never before as investors push for improved terms and increasingly look to bypass GPs and invest directly.
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
Riverside boosts deal origination team with new hire
Global private equity firm Riverside has boosted its deal origination team for the education sector with the appointment of Robert Bowen as senior adviser.
LPs make their move at ILPA meeting
The private equity world used to be run by GPs. There is now abundant evidence that this is no longer the case, as LPs are beginning to dictate terms. A meeting between buyout chiefs and their investors in New York today could lead to further change....
3i closes growth fund on €1.2bn; open to new investments
Further strengthening its position in the markets, 3i has just announced the final close of its Growth Capital Fund on тЌ1.2bn, and has made it clear that the firm will continue to look for new investment opportunities.
DBAG elects two to supervisory board
Deutsche Beteiligungs AG (DBAG) has elected Philipp Möller and Gerhard Roggemann to its supervisory board.
Portugal Q&A: Small is beautiful
The Portuguese private equity market may be underdeveloped but that may just be what makes it attractive. Francinia Protti-Alvarez speaks to Rui Branquinho Mota, investment director at Inter-Risco, about the topic.
ICG Recovery Fund set to close
As the first quarter of the year comes to a close, recovery remains at the top of many businessesт agendas as more of them struggle to repay their loans. Firms like ICG are looking to take advantage of these situations with its new Recovery vehicle. Deborah...
Apollo to offer $50m worth of shares in IPO
Apollo Management is considering offering up to $50m worth of shares in an IPO on the New York Stock Exchange, according to a regulatory filing revealed yesterday.
French PE subsidiaries change hands
Consolidation in the French private equity market continues at pace: Natixis is closing in on a deal with Axa Private Equity over the sale of a part of its private equity division, while the IDI Group has acquired AGF Private Equity from Allianz France....
Forbion opens Munich office; appoints partner
Dutch venture firm Forbion Capital Partners has opened a new office in Munich and appointed Dr Holger Reithinger as partner.
Carlyle appoints Morgan Stanley's Petrick to new role
The Carlyle Group has hired Michael Petrick as managing director and global head of credit alternatives and capital markets.
Vendor scepticism
While researching the Nordic chapter of the European Fundraising Review, it became evident that GPs and LPs alike expressed concern over future dealflow. From 1998 to 2008, the number of fund closes doubled, and the amount of capital raised quadrupled....
Advent International opens office in NY; Franks relocates
Advent International has announced that it will be opening an office in New York this month and as a result, managing director Tim Franks will relocate from London to lead the new office.
Candover's shares rise as firm hints at new beginnings
Troubled private equity firm Candover's shares went up 8% in early morning today after it reportedly hinted at future plans to raise new funds.
Foresight boosts European solar team
Foresight Group, a dedicated environmental investor, has appointed Federico Giannandrea as investment director.
LPs throw out the old for the new
It is now common knowledge that fundraising for private equity funds this year will be tough to say the least. Many, however, do not realise just how tough. News reports this week suggest that LPs are now considering severing ties with some GPs altogether...
Q&A: Environmental sector opportunities and challenges
Nino Tronchetti, co-founder and CEO of environmental investor Ambienta talks to unquote" about opportunities in the sector.
CEE market update
Despite a retrenchment of London- and New York-based GPs from the CEE market, competition on the ground has not seen a commensurate decrease. This is down to a remaining strong core of local players, according to Advent International director Dan Morgan,...
Q&A: Early-stage evolution
Bart Diels, partner at Belgian investor Gimv, speaks to Francinia Protti-Alvarez about how the venture market in the Benelux region has adapted to the changing economic climate.
Germany's importance to grow as private equity recovers
Germany’s significance in terms of overall European private equity is set to increase in the coming years, with international funds indicating that they will target the region more over the next five years. Mareen Goebel reports.
Q&A: Spain's evasive buyout market
The Spanish buyout market has had to jump over many hurdles these past couple of years. Francinia Protti-Alvarez speaks to José Angel Sarasa, president and CEO at Baring Private Equity Partners España, on its present state and future challenges.